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NewsBTC 2021-10-04 13:26:46

Copy-Trading dApp FNDZ Eases Decentralized Crypto Trading For DeFi Mass Adoption

Decentralized finance (DeFi) reached over $150 billion in total value locked (TVL) in the last year. Despite this exceptional increase in TVL (from under a billion at the start of 2020), the number of users that interact with DeFi still pales in comparison with how many people invest in the rest of the crypto market, and these numbers are a drop in the bucket compared to those posted by traditional finance. DeFi’s TVL is only a fraction of the two trillion dollar valuation of the entire crypto market. Furthermore, the entire crypto market is valued at a figure smaller than just one publicly traded company on the stock market, Apple. Putting these figures side by side, one could assert that the growth potential for DeFi is astounding. That being said, peer-to-peer financial services delivered through blockchain technology may have a bullish future ahead, but they will need an extra push to increase their adoption beyond the tech-savvy crowd. This is where the copy-trading decentralized application (dApp) FNDZ is opening DeFi’s doors to mass adoption by providing an easy-to-use platform for learning how to participate in token swaps on decentralized exchanges (DEXs) by following expert traders. Shifting the Rising Interest in Crypto Markets Towards DeFi Social trading platforms have helped increase the number of retail traders over the last decade, and copy-trading has become an incredibly popular way for new traders to learn ab...

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