According to Global Coin Research, Coingecko co-founder and CEO Bobby Ong said: "By 2020, we should see DeFi continue to grow strongly. The total value of DeFi applications locked on the Ethereum blockchain will exceed 1 billion US dollars. By the end of this year, we will see more than 100 DeFi applications, and DeFi applications will also appear on other smart contract platforms. However, we will remind DeFi of the risks, if one DeFi application is hacked next year, I wouldn't be surprised. The DeFi insurance / derivatives market will grow as a result to better address these risks. "