Thread by @CoinMarketCap

#CoinMarketCap and @TheSpartanLabs: State of the DeFi Industry Report
coinmarketcap.com/alexandria/art…

#DeFi: Reborn is the latest report by CMC and #SpartanLabs — covering the current state of DeFi, lessons, and progressions for DeFi to advance

Is #DeFi dead?

👉 Now, this is a tricky question to answer.

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Too hasty to say NO, we come across as #Web3 bros/maxis living in denial;

Too hasty to say YES, we will be underestimating how dynamic and robust this space really is, how much it has gone through just to exist, and how much more it can still grow and evolve.

<3/6>

The best answer then, lies in the middle. 👀

Whilst #DeFi is certainly not dead by any means, going down the same beaten path that led to this market cap collapse and TVL drain won’t do this space any favors at all.

<4/6>

The way forward should always be informed by the lessons of the past, so that is where we will first comprehensively look to. 👀

<5/6>

What about you?
What's your answer to this question: Is #DeFi dead? 🥶

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