July 7, 2022
November 30, 2021
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News

Elrond leapfrogs into DeFi’s Top 10; Fintech jobs more fulfilling than banking jobs; and which comes first: DeFi utility or yield?

The landscape of Fintech, crypto, and DeFi is ever-changing. Each week, we will pull together some highlights worth noting.

Here are last week’s insights, news, and trends that caught our attention:

Elrond Leapfrogs Into DeFi’s Top 10 as Users Chase Ridiculously Large Incentive Program

What was a $1.29 billion sweetener package when announced is now worth $7.32 billion as the MEX token surges. It has dragged an afterthought chain’s TVL into the big leagues.

According to data compiled by DeFi Llama, Elrond – a layer 1 smart-contract platform that leverages the web assembly (WASM) virtual machine – is now the 10th largest decentralized finance (DeFi) ecosystem with $2.06 billion in TVL.

Fintech jobs are more fulfilling than banking jobs, discuss

We spend around a third of our lives at work. For those stuck in a job that doesn’t inspire them, that sounds like an awfully long time – and many are deciding enough is enough.  

People want a career with meaning and purpose. Fintech can provide both. If you’re a problem solver, fintech is one of the most innovative, dynamic, and exciting industries to work in.

Which Comes First: DeFi Utility or Yield?

A classic chicken-or-egg question. As a sub-industry of crypto, decentralized finance (DeFi) has undeniably become a productive economy, generating billions of dollars in fees and distributing vast wealth to project founders and users.

In that arises the chicken or the egg question. Are users using these applications out of genuine want/need or are token incentives and yield artificially boosting demand?

MoonPay has quietly set up a concierge service to help celebrities buy NFTs

Crypto firm MoonPay has helped Jimmy Fallon and Post Malone to purchase NFTs in recent weeks. Its concierge service targets high net worth individuals who want to buy digital collectibles without any hassle.