Centrifuge wins the 8th Polkadot Parachain Auction

Medium centrifuge victory at the 8th parachain auction Polkadot, the next winner is behind Efinity (#6) and Composable Finance (#7).

Centrifuge wins the 8th Polkadot Parachain Auction - CoinCu News

Source: parachains.info

With 5,435,161 DOT or $98,756,869 raised by 15,293 contributors, Centrifuge won by a wide margin against promising project in the fourth auction HydraDX, which is currently only 2,266,310 DOT ($41,178,847) has.

1643335712 906 Centrifuge wins the 8th Polkadot Parachain Auction

Source: parachains.info

DeFi has come a long way — but it’s still in its infancy. Most of the TVL (Total Value Locked) in DeFi is crypto. This limits the growth of the industry.

Claimed to be the home of DeFi in the real world, so once Centrifuge is connected to Polkadot — soon to be connected to other parachains like Moonbeam and Acala — the Defi ecosystem on Polkadot is expected to grow rapidly.

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Centrifuge wins the 8th Polkadot Parachain Auction

Medium centrifuge victory at the 8th parachain auction Polkadot, the next winner is behind Efinity (#6) and Composable Finance (#7).

Centrifuge wins the 8th Polkadot Parachain Auction - CoinCu News

Source: parachains.info

With 5,435,161 DOT or $98,756,869 raised by 15,293 contributors, Centrifuge won by a wide margin against promising project in the fourth auction HydraDX, which is currently only 2,266,310 DOT ($41,178,847) has.

1643335712 906 Centrifuge wins the 8th Polkadot Parachain Auction

Source: parachains.info

DeFi has come a long way — but it’s still in its infancy. Most of the TVL (Total Value Locked) in DeFi is crypto. This limits the growth of the industry.

Claimed to be the home of DeFi in the real world, so once Centrifuge is connected to Polkadot — soon to be connected to other parachains like Moonbeam and Acala — the Defi ecosystem on Polkadot is expected to grow rapidly.

Join CoinCu Telegram to keep track of news: https://t.me/coincunews

Follow CoinCu Youtube Channel | Follow CoinCu Facebook page