DeFi Roundup, January 2024
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What’s happening at LandX this week?
🎙️ 📊 DeFi Roundup
Like every month, January was full of DeFi innovation with LandX at the forefront. We’re now one month closer to mainstream adoption, courtesy of tokenized real-world assets.
Cogito Protocol introduced a new series, Expert Insights, focused on Web3, and featured an extensive look at real-world assets to start it off. We were honored to be amongst the projects covered.
We took to the stage with Arbitrum, HomeCoin Finance, and Uranium3o8 for a roundtable on all things RWAS.
Data still shows RWAs are performing very well, especially compared to other areas within the crypto market.
RWA Current Combined TVL by DeFiLlama: $4.4b
46% of DAI in circulation are collateralized by RWAs
48% of MakerDAO's revenue comes from RWAs
RWA protocol Ondo Finance's native token ($ONDO) 24H volume hit $160 million earlier this week
"We’ll see large pools of new capital come into crypto, I think that’s part of why we’ve seen Bitcoin’s price be up 90% year-to-date in anticipation of this.” - Coinbase CEO Brian Armstrong on CNBC.
🌾 RWAs Still On Top
Data collected by Santiment shows Artificial Intelligence and Real-World Assets are sustaining crowd interests, and are expected to be major future market drivers.
🌍 Global Food Security
There’s a shortage of adequate food in the world. Not only in underdeveloped countries or isolated regions featured in documentaries narrated by David Attenborough.
Everywhere.
In the United States alone, 17 million households were food insecure in 2022. That translates to shorter lifespans, chronic health issues, and even starvation.
According to the Food and Agriculture Organization of the United Nations, people qualify as food insecure when they don’t have access to sufficient, safe, and nutritious food that fulfills their need for an active healthy life. Four pillars that draw the line between food security and insecurity.
It’s easy to get the impression that LandX is purely focused on tokenizing agricultural commodities to bring investment opportunities on-chain. But at our core, we’re providing a superior solution for investors, farmers, and food security. With access to capital, farmers can more efficiently produce more food to feed more people with more stability.
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