Consider the story of DeFi over the past two years. First, MakerDAO was the darling of the market, then Compound, then Aave, then Sushi Swap and then hybrid gaming/DeFi services like Axie Infinity, all founded within months of their sudden surge to success. Compare that with the winners that emerged from the rubble of the mortgage crisis: JPMorgan Chase and Bank of America. They trace their roots back to 1799 and 1904, respectively.
Related posts
-
Pro-crypto Legislation Could Usher in Renaissance for DeFi as TVL Rises 31%
Historically, institutions have hesitated to move on-chain due to regulatory risks. However, with bitcoin ETF AUM... -
Securitize Unveils Vault System to Revolutionize Institutional Defi Liquidity
Securitize has rolled out its S-Token Vault, utilizing ERC4626... -
How DeFi Is Preparing for DC’s Next Chapter
Second, build useful applications. During the hearing, representatives asked about financial and non-financial use cases. It...