DeFi’s Growth In 2020 Has Been Astronomical
These other companies sector’s user count increased in October by approx 40%, from roughly 555,000 to 775,000. Additionally, another approx 85,000 users joined the ecosystem during the first 11 days of November, increasing the number of users by approx 11% in less than two weeks. In total, that means these other companies' user numbers have grown approximately 55%.
Although these other companies has not taken over the global financial system yet, 2020 may have been a turning point in the growth of them. In early 2019, there was only approx $275M of crypto collateral locked into their ecosystem. Check disclaimer on my profile.