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6 Crypto technologies you should follow closely in 2023🏅🚀 (With Fresh News and Insights)
The crypto world is constantly evolving, and staying up-to-date with the latest trends and developments is crucial for investors and enthusiasts alike. With 2023 well underway, here are the top six crypto technologies you should follow closely this year.
1. Decentralized Finance (DeFi)
Decentralized Finance, or DeFi, refers to the use of blockchain technology to build financial applications that operate in a decentralized manner, without the need for intermediaries such as banks or other financial institutions. DeFi has gained significant traction in recent years, with total value locked in DeFi protocols surpassing $100 billion in early 2022.
Fresh News and Insights: According to a report by DappRadar, the DeFi ecosystem is growing at an exponential rate, with the total number of active wallets on DeFi protocols increasing by 305% from Q1 2021 to Q1 2022.
2. Non-Fungible Tokens (NFTs)
Non-Fungible Tokens, or NFTs, are unique digital assets that are stored on a blockchain. They are used to represent ownership of digital assets such as artwork, music, and videos. NFTs exploded in popularity in 2021, with some high-profile sales reaching millions of…
