Opinion by: Jason Delabays, blockchain ecosystem lead at Zama.
Despite decentralized finance’s (DeFi) recent resurgence, most capital in traditional finance remains out of reach. Most will blame scalability, regulation or poor UX. The real blocker is far more fundamental: a lack of confidentiality. Solve that, and trillions will be unlocked.
At its December 2021 peak, DeFi’s total value locked (TVL) hit an incredible $260 billion. Zoom out, however, and that figure starts to feel small, especially when the global financial system moves trillions every day. Foreign exchange alone sees over $7.5 trillion traded daily, and the global bond market’s worth more than $130 trillion.
DeFi has bounced back since the 2022-2023 crash. Lending protocols have shown staying power, and TVLs are…more
Source cointelegraph.com
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