1/ Every day that goes by we get pinged by more tradFi players looking to enter DeFi. We've reached inflection points across the board that have made DeFi too hard to ignore:
- $16B in stablecoin supply (h/t @coinmetrics)
- $9B TVL (h/t @defipulse)
- [many more]
2/ Most of them have no clue how to enter DeFi, but will figure it out in the next 12-18 months. Unlike many "blockchain pilots," interest in DeFi is real. It's already a 10x improvement vs. tradFi on some use cases. Proof is in the high growth and earnings across protocols.
3/ The beauty of DeFi is that is has a hard ROI. TradFi traders are using AMMs like @CurveFinance & @UniswapProtocol to source more liquidity and better execution on some pairs. Centralized exchanges have lost their edge and are scrambling to list projects that list on AMMs first
4/ The composability of this space means that as more protocols get built, most new entrants create >1 output. This type of connectivity is the secret sauce of DeFi, and creates a win-win dynamic. It's also exponential. Proof is in the number of DeFi protocols quickly emerging:
4/ Last, there was a time when we referred to businesses as "Internet" and "non-Internet." We make the same distinction today: "DeFi' and "tradFi"
That distinction will disappear as DeFi simple becomes the operating standard of finance. Gradually, then suddenly. Keep building.
Share this Scrolly Tale with your friends.
A Scrolly Tale is a new way to read Twitter threads with a more visually immersive experience.
Discover more beautiful Scrolly Tales like this.