Waves - 2019

The development of decentralized finance (DeFi) was another major trend in 2019. DeFi refers to a set of financial applications built on top of blockchain technology, which enable lending, borrowing, and trading of assets in a decentralized manner. The growth of DeFi has been phenomenal, with the total value locked in DeFi applications increasing from around $100 million in January 2019 to over $1 billion by the end of the year.

The launch of Bakkt, a cryptocurrency exchange and custody platform backed by Intercontinental Exchange (ICE), was a major milestone. Bakkt provided a secure and regulated platform for institutional investors to buy, sell, and store cryptocurrencies. The platform's launch was seen as a significant development for the industry, as it provided a much-needed infrastructure for institutional investors. waves 2019

One of the most significant developments in 2019 was the growing interest from institutional investors. For a long time, the cryptocurrency market had been dominated by retail investors, but 2019 saw a surge in institutional investment. Major financial institutions such as Fidelity, Bakkt, and JP Morgan started to take notice of the potential of blockchain and cryptocurrency. They began to invest in infrastructure, develop new products, and provide services to their clients. The development of decentralized finance (DeFi) was another

The Waves 2019 hackathon, which took place in Berlin, was a major event that brought together developers, entrepreneurs, and innovators from around the world. The hackathon showcased the potential of the Waves platform and provided a platform for participants to build and showcase their projects. The launch of Bakkt, a cryptocurrency exchange and