Ranking of countries for the spread of DeFi decentralized finance

Mass adoption of decentralized finance remains a distant prospect, analysts sayby Chainalysis.

Today they presented the “World IndexDeFi Adoption,” the accompanying report noted that DeFi has experienced significant progress over the past 18 months in both emerging and developed markets. Most of the growth is occurring in countries with high income levels and the presence of professional traders and investors.

"The spread of DeFi is primarily supported by seasoned cryptocurrency traders and investors looking for new sources of advantage on innovative platforms.", Says Chainalysis.

Analysts also note that DeFi has already attractedlarge investors, however, the interest of retail market participants has yet to be worked out. The main problem they see is that the average DeFi application is designed for "advanced use cases" and therefore is not very focused on ordinary users.

Chainalysis also assessed the spread of DeFi bycountries based on a similar methodology to that recently used to assess the spread of cryptocurrencies in general. Developed markets such as the UK, US, Netherlands and Canada remain in the lead, joined by developing markets including Vietnam, Thailand and India.

Russia ranks 15th on the list. In the rating for the distribution of cryptocurrencies as a whole, it was 18th. In both ratings, only Vietnam is in the top 5 at once.

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From April 2019 to June 2020 NorthAmerica remained the leader in terms of DeFi distribution. In Western Europe, growth has been observed since September 2019, with other regions joining them after June 2020, when the sector began a meteoric rise or the so-called "DeFi summer".

“DeFi is now targeting cryptocurrency industry insiders,— said David Gogel, development manager of the dYdX decentralized derivatives protocol.

These are people who have been in the industry for some time and have enough funds to experiment with new assets. "

He expects that with lower fees on the Ethereum network, decentralized finance will become more accessible to ordinary users in the future.

Where is it more profitable to buy cryptocurrency? TOP-5 exchanges

For a safe and convenient purchase of cryptocurrencies with a minimum commission, we have prepared a rating of the most reliable and popular cryptocurrency exchanges that support deposits and withdrawals of funds inrubles, hryvnias, dollars and euros.

The reliability of the site is primarily determinedtrading volume and number of users. By all key metrics, the largest cryptocurrency exchange in the world is Binance. Binance is also the most popular crypto exchange in Russia and the CIS, since it has the largest cash turnover and supports transfers in rubles from bank cardsVisa / MasterCardand payment systemsQIWI, Advcash, Payeer.

Especially for beginners, we have prepared a detailed guide: How to buy bitcoin on a crypto exchange for rubles?

Rating of cryptocurrency exchanges:

#	Exchange:	Website:	Rating:
1	Binance (Editor's Choice)	https://binance.com	9.7
2	Huobi	https://huobi.com	7.4
3	Exmo	https://exmo.me	6.9
4	OKEx	https://okex.com	6.5
5	Bybit	https://bybit.com	6.3

The criteria by which the rating is set in our rating of crypto-exchanges:

• Work reliability&#8212; stability of access to all functions of the platform, including uninterrupted trading, deposits and withdrawals of funds, as well as the duration of the market and daily trading volume.
• Commissions– the amount of commission for trading operations within the platform and withdrawal of assets.
• Additional features and services&#8212; futures, options, staking, NFT marketplace.
• Feedback and support– we analyze user reviews and the quality of technical support.
• Convenience of the interface– we evaluate the functionality and intuitiveness of the interface, possible errors and failures when working with the exchange.
• final grade– the average number of points for all indicators determines the place in the ranking.

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