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ICOs are out, decentralized finance is in, claims new report – Decrypt

ICOs are out, decentralized finance is in, claims new report – Decrypt

Unregulated ICOs were replaced by crypto-backed DeFi products in 2019, according to a CB Insights’ Blockchain 2020 Report. According to the March 19 report, assets held in decentralized finance platforms grew by over 200% since January 2019 to their peak in February 2020-from under $300 million to over $1.2 billion.