🌐 Tokenization is everywhere!6 October, 2020 | by
BTCBitcoin $ 10 739.23 -0.05% $ -5.02
ETHEthereum $ 351.41 -0.22% $ -0.77
UNIUniswap $ 2.98 -9.45% $ -0.0338
Market Cap0.4% $ 345 955 841 340
B Dominance57.40% $ 198 600 798 465
- Moni Vibe
Hey #Moni Maker 🙃
Today, in 2010, the Instagram photo-sharing app was launched. After ten years, it is difficult to imagine life without social media. We are sure that very soon, life without crypto will also become unimaginable. The big difference is that everyone can have as many SM accounts as they wish, but with crypto, it's not that simple - buying and holding every coin is a difficult financial decision, and it's very important to be aware of all the important projects' events. So let's jump right in the digest!
Need to tokenize
Jay Clayton, chairman of the U.S. Securities and Exchange Commission (SEC), seems to believe in the power of blockchain and that all stocks can become tokenized soon.
Clayton said all stock trading today is in electronic form. In the past, there were stocks' certificates, but today there are digital records representing them. "It's possible that all of the stocks will become tokenized," Clayton said.
He also said the SEC's doors are "wide open" for new offers. Such as "tokenize the ETF product in a way that adds efficiency," Clayton said.
Good, Clayton, well done, brooo!
SEC, no matter how scary and dangerous it may seem, it can't ignore the progress :) And it's great - every such step brings the mass adoption closer.
According to CoinMetrics, BTC volatility has reached a two-year low, which is more interesting - it's all happening against the very high-profile news about Trump's disease and the lawsuit against the BitMex exchange, which should have had a negative impact on the price of Bitcoin, but not now - the price has rolled back by only 5%.
Firstly, we are still in the bull market, and secondly, if BTC keeps its independence from this crazy world, the crazy world will bend to it.
Trading volumes on DEX
The trading volume of the Decentralized Exchanges (DEX) in September was $23.5 billion.
Now DEX accounts for 13.9% of all volumes on exchanges, in August this figure was 6.1%, and in January, only 0.4%. Since August, the growth rate was 103%. And we saw a massive 3,475% growth YTD!
Meanwhile, Uniswap overtook Coinbase by monthly trading volume.
In September, the trading volume on Uniswap was $15.4 billion, and Coinbase September trading volume was $13.6 billion.
DeFi is turning from a quiet schoolboy into the master of the situation. Everything you could watch in the movies: nobody believed, everybody laughed and underestimated, and then bang on. What? You're not on Uniswap? What are you, a sucker?
Meme of the day