UMI’s main goal is further expansion on the DeFi market

Last week we successfully launched a new node that made UMI the fastest payment system in the world. We’re the only ones who are able to prove our main network can reach a throughput of as much as 65,535 tx/sec. 

⚡️ But, most importantly, the new node has opened us the door to the Decentralized Finance (DeFi) market. And we won’t be just a tokenized coin — we will be a fully featured blockchain platform that can be used to design DeFi products. It’s exactly what we’re going to work on in the near future. 

Why DeFi? Because it’s a promising and fast-growing crypto market sector that could potentially change the entire financial system. Overall, the DeFi protocols now account for as much as $180 bln, and the number is constantly growing. 📈

⚠️ However, crypto users still face the problems experienced by other platforms, such as Ethereum, Binance Smart Chain, Solana, Polkadot and Cardano. UMI easily solves them via its high-tech nature, zero fees and instant transactions.

🔥 We will do all we can to make UMI the leader on the DeFi market. Follow the news. 🙌

Yours always, UMI Team!💚