![Blue Simple General greeting Independence Day Twitter Post  20221104T201123.495.jpg](https://images.hive.blog/DQmQ4hKu4jyWJ3iL5MJUa9xA7ov5ScZrqsCDmwC9bz4ku2E/Blue%20Simple%20General%20greeting%20Independence%20Day%20Twitter%20Post%20-%202022-11-04T201123.495.jpg)

<h1>DeFi Is About To Explode</h1>

As we saw today crypto is far from dead and these rallies are going to become more and more common place. This is because major banks and other huge players are getting involved with crypto. It's not getting banned like some other countries try to do instead it's being developed at a rapid pace and adoption of it has only just begun. 

### The History

In order for full adoption at least by the masses the general idea of security of your funds from hackers etc is going to have to be removed. It's honestly a dumb issue to have and one the crypto industry shouldn't have and need to get better at. They also need a way to hold rug pullers accountable otherwise sad to say that kind of stuff takes over and trashes entire systems. It's caused two of the biggest down turns in the crypto markets already both in 2017 and just recently in 2021/2022. 

At the peak of the bull run we saw defi only brush 200 billion in market cap. It now stands at just 56.1 billion up 4.16% just today.
![defla.jpg](https://images.hive.blog/DQmQAPSantJ65Hwvh7KPMJbizQCf2n94YhJMJ93FftSTYcL/defla.jpg)

### The Next Moves

You can think of the DeFi market cap much like the crypto market cap where it has wild swings but follows crypto closely. It's because of this I see defi being one of the powerhouse players of the next bull run. I especially think this as exchanges are being phased out as people are tired of intrusive KYC, rug pulls and just bad owners that are doing things many don't agree with or holding funds for longer periods then they should.

Defi and Cefi will take center stage this next bull run and with it we most likely will see that 200billion market cap be aggressively higher. During these times defi programs are getting a feel for how to opperate and reduce or eliminate risks on their platforms. At least the good ones that are still around such as [CubDefi](https://cubdefi.com), [Pancakeswap](https://pancakeswap.finance/) and [Polycub](https://polycub.com)

### Hive and Defi

I want to take a moment and talking about #hive the blockchain I'm currently writing on. It wasn't until about a year ago that Hive finally started getting defi. It was mainly done in a swap type internal system called [DieselPools](https://pancakeswap.finance/) however since then it's expanded to other blockchains like Polygon (Matic) running on [Polycub](https://polycub.com) which incorporates the hive and stable coin HBD tokens. It's also expanded into Binance Smart chain via [CubDefi](https://cubdefi.com)

These platforms are brining hive into a all new light as being a rather solid source of revenue through defi and providing swap services into the token. My hopes are that more layer 2 projects etc launch much like Splinterlands that drives demand even higher and provides a level of volume that fuels hive and the systems on top of it to new levels in the next bull run. What's important now is that layer 2 options are now providing the infrastructure to make this happen so it's not left out next run.

Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@bitcoinflood/defi-is-about-to-explode)