DeFi Will Be The Catalyst For Fully Digital Banking And Trade Finance
Defi is believed to overthrow traditional finance due to its accessibility, sphericity, efficiency, and ease of value transfer. During the recent bull run, the Defi market spiked over $149B, and the total value locked (TVL) in various DeFi protocols surpassed $86B. [soros] Q1 2021 hedge fund letters, conferences and more Defi banks on the inefficiencies of the traditional finance system where financial applications are expensive, difficult to access, and most importantly, hard to use. However, the maximalist slogan ‘Defi will eat Cefi’ seems far-fetched, as governments, banks, and infrastructu...