In 2021, liquidity mining became the hottest topic in the crypto circle. The ultra-high income of liquidity mining made people crazy, and countless people became millionaires through cryptocurrency. Now let's understand what is defi's liquidity mining?
On January 26, Joy Lee, Business Director representative of CHAINUP was invited to Crypto Challengers community and had an AMA session with the community.
The size of the crypto market achieved a historic breakthrough in 2021, reaching its highest point in November: nearly $3 trillion, ending the year at $2.25 trillion, an annual increase of nearly 200%. Bitcoin and Ethereum have also broken record highs several times in 2021, with peak prices approaching $70,000 and $5,000, respectively.
The blockchain gaming ecosystem is rapidly evolving with new developments all the time in crypto (play-to-earn), NFTs (digital assets), and social-fi (individual DeFi). On a wider scale, a parallel can be drawn - how Las Vegas was built. At first, there was one bistro with a few slot machines and poker tables. Then more places opened with new games to play, and all winnings could be cashed out and then re-staked at each one of them. That fluidity cultivated the whole ecosystem.