29.11.2021

Russia ranks fifth in the list of countries for active use of DeFi

Russia has become one of the five leading countries in terms of the number of users interested in solutions based on decentralized finance (DeFi) . This is the conclusion  reached by analysts of the DappRadar blockchain resource.

According to the published report, Russia ranks fifth in the list of countries for active use of DeFi. Now Russia is inferior to India, China, the United States and Thailand.

It is noteworthy that much less DeFi activity is observed in Europe, analysts found. However, things are completely different with the market for non-fungible tokens (NFT) . Here the US is the leader  , followed by  Indonesia and  Russia.

India is also interested in NFT, but to a lesser extent, experts say. The most popular platforms, according to DappRadar, are Binance Smart Chain (BSC) , Ethereum, and Polygon. However, in terms of the capital allocated in the protocols, Ethereum remains the undisputed leader .

Countries actively using DeFi

At the same time, Ethereum’s success is mainly due to the development of solutions like  Uniswap (UNI) and Polygon (MATIC). Messari experts believe that the fall in confidence in BSC is due to a series of hacks in ecosystem-based protocols.

Countries actively using NFT

However, the biggest hack was the internet one. Earlier it became known that an unknown person had hacked the Internet protocol of decentralized finance called Poly Network. The attacker managed to steal more than $ 600 million in various cryptocurrencies. At the moment, the hacker has already recovered the stolen assets, but the attack has already become the largest in the DeFi segment to date.

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