Building in the Bear Market: How DefiChain is Strengthening its Foothold in the DeFi Space

The crypto market, when compared to the rest of the financial market, is still in its infancy. Having only found its audience in the last ten years, this financial system is still finding its footing. While investors are flocking into the space, they’re doing so after carefully researching each investment. 

Especially after the recent market crashes, people are more wary than ever, only investing in projects that have proved their longevity. Only the projects that have actual value in the web3 future and are constantly building on it are finding the support of such investors, and DeFiChain is one of them.

DeFiChain – Building the Future

DeFiChain brought something unique to the crypto space by building DeFi on Bitcoin. This created not only a new market for DeFi but also enabled users to make the most of Bitcoin’s security and immutability. The vast majority of DeFi projects are constructed on Ethereum. As Ethereum has a strong developer toolkit, it has seen over 3,000 individual projects launched. Opposing this market and setting out on Bitcoin, DeFiChain was set to make waves in the community.

Building on Bitcoin, DeFiChain cemented itself in the crypto market. With this firm placement on the strongest cryptocurrency in the world, this is how the project survived the crypto crash. Although the market has crashed, this is also a moment in which new champions of the crypto bull market are born. Over the past decade, every time there is a large crash, a bigger bull run follows. Projects that cannot survive a crash aren’t worth the long-term investment. With DeFiChain’s stability during this period, it has all the markings of an exciting new long-term investment.

DeFiChain stands to be one of these projects as, after the collapse of Terra’s ecosystem and the Mirror protocol meeting a similar fate, DeFiChain remains the only blockchain in the world with decentralized tokenization.

By mimicking the prices of some of the world’s leading stocks and ETFs, DeFiChain offers investors across the globe the opportunity to invest in companies in other countries that are otherwise barred due to geographical restrictions. It is typically the case that a crypto project states that it is decentralized, yet actually uses centralized nodes around the world to support its own system.

If a project is decentralized yet still using centralized nodes, then systems like governments and banks actually do still have a say in the project – undoing its facade of being decentralized. This has happened time and time again with crypto projects, with entire territories like Venezuela being locked out of crypto projects due to American sanctions that impact the nodes hosting the projects. 

DeFiChain is in such a position of power with their fully decentralized system that other developer teams are actually reaching out to DeFiChain Accelerator. This system allows them to learn how to build on DeFiChain, connecting into their decentralized community.

In fact, GitHub data reveals that DeFiChain is among the most developed decentralized blockchains through GitHub. As a matter of fact, DeFiChain Bridge, a community-driven project, opens doors for BNB Chain users to interact with DeFiChain seamlessly. With this flexibility, DeFiChain is a great site for new projects to find their footing.

Along with the new developers, those already creating in the space are becoming even more active. This market downturn is highlighting the potential of DeFiChain and pulling more people to its space. DeFiChain just witnessed 14 new community funding proposals getting uploaded along with three new DFIPs (DeFiChain Improvement Proposals).

DFX.Swiss, an exchange in the DeFiChain ecosystem, is setting new standards when it comes to regulation. Being less than two years old, allows users on DeFiChain to buy and sell decentralized assets like stocks and commodities within a couple of hours directly from their bank account. 

Users even have the opportunity to stake DFI and get rewards automatically paid out to their bank account or in Bitcoin. This provides them with the opportunity to generate real cash flow every day. Especially during a market downturn, opportunities like these are incredibly attractive to investors. As people flood to this space, the vast deployment of different tools that DeFiChain offers is making it a great candidate for long term investment. 

DFX is fully regulated in Switzerland and is growing at a rapid rate, having doubled the workforce in the last three months.

Alongside this, CakeDeFi launched Birthday Research, an entity dedicated to pushing DeFi & Web3 development which is connected to DeFiChain. Additionally, CakeDeFi also launched a $100 million venture arm to drive growth around DeFiChain.

Jellywallet, a newly launched community-driven WebWallet for the DeFiChain ecosystem, just entered the beta stage. By introducing features such as fiat on- and offramp, liquidity mining, decentralized exchange & more, Jellywallet will make DeFi easier for investors. All of these projects are a testament to the sheer scope and quantity of the exciting projects that are currently taking place on DeFiChain.

With more projects than ever before coming out of the woodworks, and the active projects seeing huge investments and progress, DeFiChain has all of the markings of a project that is set to explode over the next few years.

Currently, DeFiChain is holding more than 80% of the complete “DeFi market cap” when it comes to DeFi on Bitcoin, and it is because of this resilience that DeFiChain is at the forefront of building the future.

intelligent crypto
How are  regular people making returns of as much as 70% in a year with no risk?  By properly setting up a FREE Pionex grid bot - click the button to learn more.
Crypto arbitration still works like a charm, if you do it right! Check out Bitsgap, leading crypto arbitrage bot to learn the best way of doing it.

CaptainAltcoin's writers and guest post authors may or may not have a vested interest in any of the mentioned projects and businesses. None of the content on CaptainAltcoin is investment advice nor is it a replacement for advice from a certified financial planner. The views expressed in this article are those of the author and do not necessarily reflect the official policy or position of

Torsten Hartmann

Torsten Hartmann

Torsten Hartmann has been an editor in the CaptainAltcoin team since August 2017. He holds a degree in politics and economics. He gained professional experience as a PR for a local political party before moving to journalism. Since 2017, he has pivoted his career towards blockchain technology, with principal interest in applications of blockchain technology in politics, business and society.

We will be happy to hear your thoughts

Leave a reply