Decentralized finance (DeFi) is a nascent global financial system that's building momentum from multiple directions. It was only two years ago that around 95% of DeFi transactions were executed on just one blockchain, and today a multi-chain DeFi landscape serves users worldwide.
It's a big world out there, and Hubble Protocol's mission to explore the universe of DeFi recently brought the protocol to Colombia for several weeks of blockchain conferences.
While in South America, Solana-native builders rubbed shoulders with developers from Cosmos and Ethereum, checking the pulse of the DeFi communities outside the network echo chamber.
Safe to say, the Hubble community learned a lot from the experience. Around the same time, the Latin American crypto market began learning a lot about Hubble and Solana DeFi as the network and a few projects began receiving increased exposure during the last month, and this post will round up the media here as well.
So Many Conferences in South America
Three back-to-back major blockchain conferences brought several of Hubble's core contributors to Colombia for the better part of a month. The first conference to kick off was Cosmoverse, held in Medellín.
Cosmoverse 2022 Movie 📺
— Cosmoverse | Medellín Sep 26-28 🇨🇴 (@CosmoverseHQ) October 10, 2022
Nearly 1500 passionate Cosmonauts from 35+ countries came together for 3x full days to network, present & celebrate @Cosmos in Medellín 🇨🇴
We had 12 workshops, 40 stands, 70+ speakers, participation of the Colombian Government & much more! pic.twitter.com/tYu8C0qGtH
Impression: Lots of focus on DeFi!
Next up, the Solana Hacker House world tour landed in Bogotá. The constant stream of Solana Hacker House events leading up to Breakpoint has been staggering, and the Colombia HH was another great round.
That's your lot, #HackerHouseBogota.
— Solana Hacker House | 🇹🇷 Istanbul Feb. 1-5 (@hackerhouses) October 8, 2022
And what a fantastic week it's been. 🎉
There's only one Hacker House left before the grand finale, @SolanaConf!
👉 https://t.co/WkGkaOEyLK pic.twitter.com/AdgJN3UawJ
Impression: Less DeFi than other Hacker Houses attended. Solana builders are definitely a young and hungry bunch.
The last stop was the Ethereum Foundation's Devcon. This was a massive conference and shows how much the Ethereum community has grown with over half a decade of building!
🎁That's a wrap! #Devcon Bogotá 2022 is now complete.
— Deva the Devcon Unicorn (@EFDevcon) October 15, 2022
It was one for the books.📖
See you at the next one. 👀 pic.twitter.com/VgwwHQj9gT
Impression: A lot of people don't like Solana for reasons they can't explain. Many believe the future will be Layer 2 solutions, but which?
Hubble Protocol and Latin America in the Media
Latin America has been one of the biggest adopters of stablecoins in the last year, with retail users hedging against inflation for savings through stablecoins' easy access to US dollar value, and companies have begun using them to conduct business transactions across borders, reducing friction on payments. It's estimated that 51% of consumers in Latin America and the Caribbean have used crypto.
In Brazil, crypto media outlets began covering the growth of DeFi on Solana, and Hubble Protocol earned several mentions. For example, Hubble and Kamino Finance were discussed in this article on a Nansen Q3 2022 report showing Solana finalized more transactions per day than any other blockchain.
Hubble also made an appearance in Brazilian crypto articles about Web3 trends, how stablecoins and DeFi can be used in capital protection strategies, and also in an introduction to DeFi for users who HODL BTC and ETH. It's great to find such a diverse audience in DeFi, and Hubble looks forward to building products and services for this massive base of users.
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