The four most famous international exchanges:

Binance INTL	OKX INTL	Gate.io INTL	Huobi INTL
China Line　APP DL	China Line　APP DL	China Line　APP DL	China Line　APP DL

Note: The above exchange logo is the official website registration link, and the text is the APP download link.

According to the report, assets locked in decentralized finance (DeFi) platforms have grown by more than 200% since January 2019 to a peak in February 2020, from less than $300 million to more than $1.2 billion. At the same time, the report shows that the amount of ICO financing in 2019 decreased by 95% compared with 2018, and the total financing amount plummeted from more than 7.8 billion US dollars to 371 million US dollars.

Winners in the DeFi space include the Maker protocol (with more than $280 million in locked assets as of March 2020) and DeFi lending protocol Compound (with more than $280 million in locked assets
$70 million).

overall growth

While DeFi remains a highly experimental and unstable space, some companies have taken serious steps to protect users — all signs that a mature industry is starting to take itself seriously.

A growing number of crypto custody services, including Ledger, Anchorage and Knox, now maintain or plan to implement insurance policies to protect their customers’ assets. Coinbase and
Gemini now provides clients with over $200 million in criminal activity coverage.

Crypto tax services also began to gain traction at the end of 2019 – all signs that DeFi is poised to continue its track record. According to the report, ZenLedger, Taxbit, and
Verady’s Ledgible platform has raised at least $8.4 million in early-stage funding.

Financing focus shifts to China

The report also pointed out that since 2015, US and Chinese companies have dominated the financing of blockchain projects, accounting for nearly 70% of all financing in the past years (2015-2019).

But in 2019, the financial center of gravity continued to shift to China. In 2019, 31% of financing deal activity came from the United States, down from 41% in 2017; while China accounted for 20% of the 2019 deal activity
22%, compared with just 10% in 2017.

Notable financing transactions in 2019 include: Ripple received US$200 million in Series C financing, bringing total financing to US$294 million; IP tokenization project Proxicoin received 1
$100 million investment; and Figure Technologies, which tokenizes home equity and other mortgage products, closed a $103 million Series C round at a $1.2 billion valuation.

Enterprise blockchain financing lags behind

According to the report, blockchain investors have been investing less in enterprise blockchain solutions. CB Insights defines enterprise blockchain as a blockchain designed to increase business efficiency and reduce back-office expenses.

2019 is no different. Enterprise blockchain raised just $434 million from venture capital firms in 2019, while decentralized crypto products and infrastructure projects raised nearly $2.4 billion. CB
Insights highlights payment service provider Celo and mining management company Bison Trails as big winners in crypto infrastructure and protocol development.

Government progress in blockchain

Globally, CB Insights reports that central banks are increasingly interested in developing their own digital currencies. China leads the way and is expected to expand in 2020
It launched its digital currency in 2016, while France, Turkey and the Bahamas have already launched or are about to launch their own pilot projects.

Other countries are at different stages of research and development of central bank digital currencies. Compared with its main rival China, the United States has shown less eagerness.

At a U.S. House of Representatives committee meeting in December 2019, U.S. Treasury Secretary Steven Mnuchin said:

“…(Fed) Chairman Powell and I have discussed this at length — we both agree that in the near future, over the next five years, we don’t see a need for the Fed to issue a digital currency.”

But economists and others believe the United States must move faster if they want to ensure the dollar remains the world's reserve currency.

Are ICOs gone forever?

ICOs may be out of fashion, with 2019 funding being less than 5% of what it was in 2018, but are they really gone forever?

A small amount of fundraising activity in France and Thailand under new government regulations, and the latest progress on the legal framework being developed in the United States, provide hope for CB Insights, indicating that governments have recently made changes to regulated
ICOs show openness.

The report states that this development may be driven by the continued development of blockchain monitoring services such as Chainalysis, Elliptic and CipherTrace, which in 2019
Raising more than $68 million annually.