Compound’s New Blockchain Readies DeFi for Central Bank Digital Currencies
"We want to announce the designs for a blockchain that can scale Compound over the next century," Compound founder Robert Leshner told CoinDesk.
The three-month high liquidation volume comes as Ethereum fees in dollar terms set a new record mark of $29 per basic transaction.
Bitcoin breaks out, Twitter CEO Jack Dorsey sets up a bitcoin node and Bank of England warns on negative rates. Meanwhile, it's DeFi that's mooning.
“I think it’s inevitable that there is an expansion beyond just Ethereum,” Compound Finance founder Robert Leshner told CoinDesk.
Bitcoin and ether may be pulling back from their all-time highs but alternative cryptos are starting to see action.
"TVL isn't the best indicator when ETH and all other crypto is green for weeks," one observer said of DeFi's recent growth.