While there has been some improvement in decentralized finance (DeFi) activity, the “biggest disappointment continues to be the inability of DeFi to encroach into the traditional financial system, which is necessary for the crypto ecosystem to transition from crypto native to real world applications,” the report added.
Related posts
-
Crypto market cap hovers $2.45t as Bitcoin, Solana, Ethereum, Dogecoin face downward pressure
Digital assets continue to struggle as the crypto market cap dips 1.28%. It currently hovers at... -
DTCC withdraws collateral, loan support for crypto ETFs
Financial services firm Depository Trust and Clearing Corporation (DTCC) has announced it will not allocate any... -
Republic First Bank Fails, Triggers Minor Crypto Market Downturn Amid Banking Sector Concerns
The United States witnessed its first banking failure of...