Web3 Breakdown

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A comprehensive breakdown of DeFi for beginners knowledge. 

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The rise of Decentralized Finance (DeFi) took the crypto world by surprise

during the summer of 2020, so much that we refer to the period as DeFi

Summer 2020. Total Value Locked (TVL), a measure of the amount of

capital locked inside DeFi protocols, has been increasing at a breakneck

speed, breaching the magic number of $1 billion in May 2020 and ending the

year with $15.7 billion in TVL.



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