CMCC Global writes monthly to investors, sharing our views on market dynamics and demystifying this new asset class.
Here we share selected insights, exploring important topics in the blockchain ecosystem.
Crypto exchanges have evolved from limited platforms offering a small number of spot trading pairs, to expansive platforms offering spot and derivative markets, lending and borrowing products, and crypto-native “yield” products such as staking.
Over the last year the DeFi ecosystem has seen significant growth, with the total value locked in DeFi contracts on Ethereum growing from USD500m in September 2019 to over USD10bn today.
FTX, one of the world leading cryptocurrency derivatives exchanges, has launched a decentralized exchange called Serum that runs on Solana. Serum is a decentralized exchange for spot and derivative trading and has been met by excitement in the industry as FTX is one of the most prominent and well-respected exchanges in the digital asset space.
Cosmos is set to release its Stargate update, the largest upgrade to date that activates Inter-Blockchain Communication (IBC) and unleashes full network functionality.
In November 2019, we wrote about the proposed rollout of Ethereum 2.0. The first phase of this upgrade is expected to take place in Q3 2020 and is being eagerly monitored by the crypto community.