Zilliqa (ZIL) Reports Massive DeFi growth in 2021

The Growth report of Zilliqa was recently published and it just looked like there is so much they have done. Year 2021 for Zilliqa according to the reports have seen a massive DeFi growth, increased engagement on community, socials and Zeeves, interoperability enhanced with ZilBridge, the power of creator economy, 10 new protocol upgrades and more.

Massive DeFi growth: Zilliqa’s ecosystem enables DeFi apps, including lending services, DEXes, stablecoins, and asset marketplaces. Defi has been made easy by Zilliqa.  They have made it possible for the community members to engage with financial markets product and services. The DeFi apps are easy to use – transparent, and censorship resistant.  The total value locked in (USD) sits at $278.86 M at the time of writing. The Total Value Transacted (USD) is at $6.95 in 24 hours at the time of writing.

It is very easy to start off with DeFi with Zilliqa:  Pick a wallet that is compatible to store ZIL and ZRC-2 tokens; load your wallet with ZIL or with tokens or stable coins accepted in the liquidity pool. Decide from the list of DeFi pools with which you want to work with and start investing. DeFi apps are borderless and they serve everyone irrespective of bank balance, salary or credit rating.

Increased Engagement on Community, socials and Zeeves: Community growth in major platforms in terms of You Tube Channel Subscribers and viewing activities, subreddit users and views, Twitter and Telegram subscribers.

Further, Zeeves, the reward and engagement tool created for the Zilliqa community on Telegram, processed ZIL 2.52m (US$290K) in 2021.

The community growth also improved with Dapp usage.  Other than for the seed node staking application (Zillion) and ZilSwap, ZRC dApps like the package portal, Lunar Crush and Zilchess gained.

Interoperability enhanced with ZilBridge: Over US$60M worth of assets were bridged to the Zilliqa main net by the end of 2021.

The Power of Creator Economy: Market infrastructure growth with new listings in Q4.  There has been 56 ZRC tokens listed with the market cap exceeding USD 457 million with a trading volume of $14.4 b.

10 New Protocol Upgrades and much More: Mainnet upgrades and the new NFT standard, ERC-20 token swap re-enabled by cross-chain bridge.

Those who want to know more should explore the ecosyste growth report of 2021 in full.  The 2021 milestones were targeted towards stepping up technology, empowering decentralized finance, reimagining entertainment, and forging inclusivity. They have also stated with goals contributing to market infrastructure growth and community growth.