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Blockchain platform Swarm Markets’ co-founder Philipp Pieper commented that 2024 “looks set to be a pivotal year for DeFi as the sector grows its offerings.” This is particularly with regard to crossover with traditional finance (TradFi), he said in an email.
There will be more growth in DeFi value through the onboarding of more TradFi products on chain.
The biggest growth in the market will be for regulated digitized tokens, backed by digital real-world assets (RWAs), he opined.
Per Pieper,
“With renewed confidence in markets thanks to a more sophisticated regulatory environment driving demand, it is likely more institutions will look to DeFi for regulated solutions.”
He stressed that the potential of this demand cannot be understated, with enormous pools of assets looking to adopt on-chain solutions to ownership, transaction and record keeping.
“Blockchain infrastructure looks set to finally deliver on the promise that many in the sector have seen for some time,” Pieper concluded.
Contracts from at least one public mining company, three months apart, confirm that the miner manufacturing giant Bitmain has raised rig prices, “though not to the extent of the increase in bitcoin’s hashprice,” according to the latest Miner Weekly report by BlocksBridge Consulting.
Mining company CleanSpark announced its second preorder for 12 EH/s of Bitmain’s Antminer S21 at $16/TH/s after applying coupons. Based on its contract, entered on January 6, the quoted price before a maximal 30% discount was $23/TH/s.
CleanSpark entered its first S21 preorder in October last year, when
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