UAE DeFi Transactions Surge 74%: A Young Nation Embraces Decentralization

CoinMarketCap10-11

DeFi transactions in the UAE soared by 74% in total value received compared to last year, per Chainalysis. ADGM and VARA are leading blockchain regulatory advancements in the UAE. Crypto transactions ...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2474072173?lang=en_US&edition=fundamental","thumbnail":"https://academy-public.coinmarketcap.com/srd-optimized-uploads/60dcf6294cfd4b189ee17bddf032f1ca.jpeg","is_english":true,"pubTime":"2024-10-11 00:44","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2474072173","market":"us","top_or_hot":-1,"title":"UAE DeFi Transactions Surge 74%: A Young Nation Embraces Decentralization","media":"CoinMarketCap","content":"<div>\n<p>DeFi transactions in the UAE soared by 74% in total value received compared to last year, per Chainalysis.\nADGM and VARA are leading blockchain regulatory advancements in the UAE.\nCrypto transactions ...</p>\n\n<a href=\"https://coinmarketcap.com/community/articles/67080468c97e444bf63283ed/\">Source Link</a>\n\n</div>\n","source":"coinmarketcap_highlight","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>UAE DeFi Transactions Surge 74%: A Young Nation Embraces Decentralization</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nUAE DeFi Transactions Surge 74%: A Young Nation Embraces Decentralization\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-10-11 00:44 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://coinmarketcap.com/community/articles/67080468c97e444bf63283ed/><strong>CoinMarketCap</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>DeFi transactions in the UAE soared by 74% in total value received compared to last year, per Chainalysis.\nADGM and VARA are leading blockchain regulatory advancements in the UAE.\nCrypto transactions ...</p>\n\n<a href=\"https://coinmarketcap.com/community/articles/67080468c97e444bf63283ed/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"UAE","symbol_name":"iShares MSCI UAE ETF","start_time":0,"source_url":"https://coinmarketcap.com/community/articles/67080468c97e444bf63283ed/","article_id":"2474072173","we_media_id":null,"thumbnails":["https://academy-public.coinmarketcap.com/srd-optimized-uploads/60dcf6294cfd4b189ee17bddf032f1ca.jpeg"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2474072173","pubTimestamp":1728578663,"sourceInfo":{"source_id":"coinmarketcap_highlight","name":"CoinMarketCap"},"weMediaInfo":null,"summary":"DeFi transactions in the UAE soared by 74% in total value received compared to last year, per Chainalysis.ADGM and VARA are leading blockchain regulatory advancements in the UAE.Crypto transactions in the UAE are now VAT-free, boosting investment interest.The United Arab Emirates  saw a 74% jump in the total value of DeFi transactions compared to last year, according to Chainalysis. Token value sent through DEX surged by 87%, rising from $6 billion to $11.3 billion. This shows its strength as a growing leader in the global crypto and blockchain space.In their October 9th podcast, Chainalysis CMO Ian Andrews talked about the impressive rise of DeFi services in the UAE. The region has higher DeFi adoption than the global average, with 32.4% of crypto transactions happening through DEXs.Why Young Investors In UAE Are Driving a DeFi Revolution. This impressive growth is mainly because of a young demographic , the supportive approach of the Abu Dhabi Global Market  towards decentralization,","collect":0,"end_time":0,"defaultTopTitle":"coinmarketcap.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"UAE":"iShares MSCI UAE ETF","ADGM":"Adagio Medical Holdings, Inc.","BK4082":"医疗保健设备"},"translate_title":"阿联酋DeFi交易激增74%：一个年轻的国家拥抱去中心化","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"ADGM":1,"UAE":1},"content_text":"DeFi transactions in the UAE soared by 74% in total value received compared to last year, per Chainalysis.\nADGM and VARA are leading blockchain regulatory advancements in the UAE.\nCrypto transactions in the UAE are now VAT-free, boosting investment interest.\n\nThe United Arab Emirates (UAE) saw a 74% jump in the total value of DeFi transactions compared to last year, according to Chainalysis. Token value sent through DEX surged by 87%, rising from $6 billion to $11.3 billion. This shows its strength as a growing leader in the global crypto and blockchain space.\nIn their October 9th podcast, Chainalysis CMO Ian Andrews talked about the impressive rise of DeFi services in the UAE. The region has higher DeFi adoption than the global average, with 32.4% of crypto transactions happening through DEXs.\nWhy Young Investors In UAE Are Driving a DeFi Revolution\nThis impressive growth is mainly because of a young demographic (63% of its citizens are under 30 years old), the supportive approach of the Abu Dhabi Global Market (ADGM) towards decentralization, and Dubai’s specialized regulatory framework for virtual assets. This demographic is important because younger …\nThe post UAE DeFi Transactions Surge 74%: A Young Nation Embraces Decentralization appeared first on Coin Edition.","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.1","shortVersion":"4.29.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2474072173"}