{"id":541562,"date":"2023-01-21T00:30:00","date_gmt":"2023-01-20T21:30:00","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/defi-should-complement-tradfi-not-attack-it-finance-redefined\/"},"modified":"2023-01-21T00:30:00","modified_gmt":"2023-01-20T21:30:00","slug":"defi-should-complement-tradfi-not-attack-it-finance-redefined","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/defi-should-complement-tradfi-not-attack-it-finance-redefined\/","title":{"rendered":"# DeFi should complement TradFi, not attack it: Finance Redefined"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_84 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a297ddc39c60\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a297ddc39c60\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/defi-should-complement-tradfi-not-attack-it-finance-redefined\/#%E2%80%9D_DeFi_should_complement_TradFi_not_attack_it_Finance_Redefined_%E2%80%9C\" >&#8221; DeFi should complement TradFi, not attack it: Finance Redefined &#8220;<\/a><ul class='ez-toc-list-level-2' ><li class='ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/buradabiliyorum.com\/en\/defi-should-complement-tradfi-not-attack-it-finance-redefined\/#SushiSwaps_new_DEX_aggregator_will_%E2%80%9810x_our_market_share_%E2%80%94_head_chef\" >SushiSwap\u2019s new DEX aggregator will \u201810x our market share\u2019 \u2014 head chef<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/buradabiliyorum.com\/en\/defi-should-complement-tradfi-not-attack-it-finance-redefined\/#DeFi_should_complement_TradFi_not_attack_it_Ava_Labs_CEO_Davos_2023\" >DeFi should complement TradFi, not attack it: Ava Labs CEO | Davos 2023<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/buradabiliyorum.com\/en\/defi-should-complement-tradfi-not-attack-it-finance-redefined\/#Decentralized_forex_will_reduce_costs_by_as_much_as_80_Report\" >Decentralized forex will reduce costs by as much as 80%: Report<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/buradabiliyorum.com\/en\/defi-should-complement-tradfi-not-attack-it-finance-redefined\/#Raydium_exploiter_moves_27M_to_crypto_mixer_Tornado_Cash\" >Raydium exploiter moves $2.7M to crypto mixer Tornado Cash<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/buradabiliyorum.com\/en\/defi-should-complement-tradfi-not-attack-it-finance-redefined\/#DeFi_market_overview\" >DeFi market overview<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9D_DeFi_should_complement_TradFi_not_attack_it_Finance_Redefined_%E2%80%9C\"><\/span>&#8221; DeFi should complement TradFi, not attack it: Finance Redefined &#8220;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<div class=\"post-content\" data-v-5a4050f8>Welcome to Finance Redefined, your weekly dose of essential decentralized finance (DeFi) insights \u2014 a <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">news<\/a>letter crafted to bring you significant developments over the last week.<\/p>\n<p>Following FTX\u2019s demise, the DeFi space is up for a complete remodel as crypto users demand better security and compliance practices. <\/p>\n<p>SushiSwap\u2019s roadmap for the coming year includes the development of a decentralized exchange (DEX) aggregator, a decentralized incubator and \u201cseveral stealth projects.\u201d All these projects combined can grow its market share 10x, said the CEO.<\/p>\n<p>The co-founder and CEO of Ava Labs spoke with Cointelegraph at the World Economic Forum in Davos, Switzerland, on the future of DeFi and traditional finance (TradFi) and said DeFi should complement TradFi, not attack it. Another DeFi report suggests that decentralized forex could reduce costs by as much as 80%.<\/p>\n<p>The top 100 DeFi tokens saw a second week of bullish price action, with a majority of the tokens trading in the green on the weekly charts.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"SushiSwaps_new_DEX_aggregator_will_%E2%80%9810x_our_market_share_%E2%80%94_head_chef\"><\/span>SushiSwap\u2019s new DEX aggregator will \u201810x our market share\u2019 \u2014 head chef<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Just a month after warning of a \u201csignificant deficit\u201d in its treasury, the CEO of decentralized exchange SushiSwap has shared several planned updates to the platform, which he said are intended to \u201c10x\u201d its market share in 2023.<\/p>\n<p>SushiSwap CEO, Jared Grey, laid out the plans for the DeFi platform in a Jan. 16 Medium post, saying it will focus on its product stack in line with prior plans to make Sushi more sustainable.<\/p>\n<p><strong>Continue reading<\/strong><\/p>\n<h2><span class=\"ez-toc-section\" id=\"DeFi_should_complement_TradFi_not_attack_it_Ava_Labs_CEO_Davos_2023\"><\/span>DeFi should complement TradFi, not attack it: Ava Labs CEO | Davos 2023<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>DeFi is moving from becoming a small niche within the financial industry to something TradFi is trying to incorporate. <\/p>\n<p>In an interview with Cointelegraph at the World Economic Forum in Davos, Switzerland, Emin Gun Sirer, the co-founder and CEO of Ava Labs, spoke on DeFi\u2019s role in TradFi ecosystems and what users can expect in a future where both are center stage. <\/p>\n<p><strong>Continue reading<\/strong><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Decentralized_forex_will_reduce_costs_by_as_much_as_80_Report\"><\/span>Decentralized forex will reduce costs by as much as 80%: Report<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>If the foreign exchange market starts using DeFi protocols instead of the current centralized systems, the cost of remittances could be reduced by \u201cas much as 80%,\u201d according to a Jan. 19 paper jointly published by researchers at Circle and Uniswap.<\/p>\n<p>The authors studied the trading activity of Circle\u2019s USD Coin (USDC) and Euro Coin (EUROC) on Uniswap from July 2022 to January 2023. They found that the coins had $128 million in total volume, with trading volume as high as $8 million on some days.<\/p>\n<p><strong>Continue reading<\/strong><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Raydium_exploiter_moves_27M_to_crypto_mixer_Tornado_Cash\"><\/span>Raydium exploiter moves $2.7M to crypto mixer Tornado Cash<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>In an alert, blockchain security firm CertiK reported that the Raydium protocol exploiter had sent 1,774.5 Ether (ETH) to the Tornado Cash cryptocurrency mixer. The amount is worth around $2.7 million at the time of writing.<\/p>\n<p>While security teams from various exchanges continue to combat the efforts of hackers, funds continue to flow to the sanctioned Tornado Cash. <\/p>\n<p><strong>Continue reading<\/strong><\/p>\n<h2><span class=\"ez-toc-section\" id=\"DeFi_market_overview\"><\/span>DeFi market overview<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Analytical data reveals that DeFi\u2019s total market value remained over $40 billion this past week, trading at about $44.9 billion at the time of writing. Data from Cointelegraph Markets Pro and TradingView show that DeFi\u2019s top 100 tokens by market capitalization had a bullish week, with nearly all the tokens breaking past multi-week highs.<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2023-01\/8d60faac-a66e-4094-bd76-ac9b80569ff8.png\"><\/figure>\n<p>Convex Finance (CVX) was the biggest gainer on the weekly charts, registering a 37% price surge over the last seven days, followed by Kava (KAVA) with a 34% surge. Synthetix (SNX) recorded a 29% surge on the weekly charts, while the rest of the tokens in the top 100 also saw bullish gains over the past week.<\/p>\n<p>Thanks for reading our summary of this week\u2019s most impactful DeFi developments. Join us next Friday for more stories, insights and education in this dynamically advancing space.<\/p>\n<p><template data-name=\"subscription_form\" data-type=\"defi_newsletter\"><\/template><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. 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Following FTX\u2019s demise, the DeFi space is up for a complete remodel as crypto users demand better security&#8230;<\/p>\n","protected":false},"author":1,"featured_media":541563,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/cdn-cgi\/image\/format=auto,onerror=redirect,quality=90,width=1200\/https:\/\/s3.cointelegraph.com\/uploads\/2023-01\/20bbba97-a555-4ee8-a460-f8f0c1074816.JPG","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74894,74863,74891,74882,89215,70944],"class_list":["post-541562","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-blockchain","tag-cryptocurrencies","tag-ethereum","tag-hacks","tag-sushiswap","tag-hackers"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/541562","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=541562"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/541562\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/541563"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=541562"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=541562"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=541562"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}