The decentralized finance industry is expanding dramatically, which has made many crypto projects look at this field with anticipation, and some have already taken their first steps into it.

The Zilliqa team acknowledged that they are working hard to enter decentralized finance.

According to Mr. Milan Shukri, Marketing Director of the Zilliqa project, the Zilliqa project will soon host a beehive working on decentralized finance to provide the opportunity for ZIL token holders to invest in decentralized finance using gZIL token.

Additionally, “ZILSwap” will be launched and there is a possibility of another decentralized trading platform on the Zilliqa blockchain.

Mr. “Shukry” announced these plans to the public via Twitter, who also answered the question of when the Zilliqa project is expected to enter decentralized funding, he replied saying:

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We are very busy

In addition to the possibility of cultivating gZIL for all ZIL holders, “ZILSwap” will be launched soon and there is also the possibility of launching a decentralized trading platform.

And the launch will be soon

Besides gZIL farming for everyone target $ Coming soon, ZILSwap will be released soon, there may be another DEX coming Tweet embed 🧑‍🌾👀#loooooowfees 💸 pic.twitter.com/IGaAlHuhc6

— Milan Shoukri (@ProofofMilan) September 2, 2020

Soon my friend.

— Milan Shoukri (@ProofofMilan) September 2, 2020

The price of the digital currency ZIL after the announcement of the decentralized finance strategy:

ZIL has slowly fallen off the list of the top 50 cryptocurrencies by total market capitalization and is valued at $0.019 at the time of writing with a total market capitalization of $206.8 million making it the 72nd place on Coinmarketcap.

The ZIL cryptocurrency may positively benefit from DeFi platforms on the Zilliqa blockchain.

Read:PayPal launches its own internal digital currency

Where it is possible to cite and consider the role played by decentralized finance projects in the crypto markets between June and August and how these projects contributed to raising the value of the Ethereum currency.

It is worth noting that the Zilliqa blockchain recently reached a new milestone, as reached Seven million transactions on the network since the launch of the mainnet in January 2019.

Read:This is how Cardano plans to attract 100 million Africans to the cryptocurrency arena

In addition, NextID is now the official digital certificate provider for the Zilliqa project.

The partnership between the two was announced yesterday only.

According to the Zilliqa team, the NextCert service will be used via ZILHive educational workshops with higher education institutions.

The service will also be used to check certificates issued after professional courses and upcoming marketing or fundraising campaigns.

Read also:

Project Zilliqa Announces a New Update on Stacking

New partnership between Zilliqa project and SwitcheoNetwork to build the first decentralized platform