Moonstake Enters into DeFi Market together with Muse.Finance
SINGAPORE, Mar 31, 2021 - (ACN Newswire) - Today, Moonstake is proud to announce the entry into the DeFi market together with Muse.Finance. The Staking and DeFi Boom in 2020, Top Staking Provider Moonstake Joins The DeFi SpaceIn January, 2021, Moonstake officially announced its entry to the DeFi sector. Today, with over 800 million USD in total staking assets, Moonstake is the top 8 biggest staking provider in the world. In less than one year since launch, Moonstake achieved rapid growth in both product development and a strong positioning in the market. Moving towards the DeFi sector, Moonstake welcomes applications from DeFi products looking to connect to its powerful staking network.Though the concept was almost unknown back in 2019, the decentralized finance (DeFi) ecosystem has experienced an explosive growth in 2020. According to DeFi Pulse, while it took almost two years for DeFi deposits to reach USD 1 Billion in Total Locked Value (TVL) as of Q4 2019, it took less than six months (March to July 2020) for DeFi TVL to spike from ~USD 550 million to ~USD 4 billion (~727% increase). Today, the DeFi TVL sits at $42.6 billion.As of 29 March 2021, the market cap of all Proof-of-S...
