New DeFi Magic is Like Venmo, But Global, Via Twitter, and Gains Interest

Also, Ganesh Swami writes about how Ethereum is becoming a fintech platform, dYdX launches decentralized perpetual futures, on-chain analysis on Kyber, and more.

Hello Defiers, lots going on in decentralized finance:

  • Rising number of Ethereum tokens’ market cap shows Ethereum is becoming a platform for fintech innovation, Covalent’s Ganesh Swami writes

  • Growth for Kyber’s KNC token is booming, but the token is still highly concentrated, on-chain data from IntoTheBlock shows

  • dYdX launched perpetual futures contract…

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