The more I spend time in the digital asset market and play with web3 applications in the decentralized finance space, the more my conviction gets stronger on just how revolutionary this technology is.
The crypto ecosystem and the market of 2016 –2017 is completely different from that of today. In 2017, there was no such thing as Decentralized Finance (DeFi). The first pillar of the DeFi market MakerDao was launched in 2018, the market has grown from 0 to $28billion in total value locked (TVL) in 2years with the DeFi Pulse Index (DPI) now $328. The DeFi ecosystem has a lending and borrowing market with lead projects such as MakerDao, AAVE, Compound, and Alpha Homora, Decentralized Exchanges (Dex)with lead projects in this subsector being Uniswap, Curve Finance, and Sushiswap, other subsectors are derivatives, payments systems, and Indexes.
I disagree with assertions that DeFi will replace Wall Street. DeFi is a parallel, more fair, and equal form of Wall Street. In DeFi, you are your own clearinghouse, your own exchange, your own bank, your own margin account, and your own financial system.
DeFi is Wall Street for the metaverse, it is Wall Street for future generations.
The decentralized finance movement is a globally accessible financial system that is propelled by an ever-expanding surface of technology and innovation.
The only way the current finance system, i.e, the suits can survive is to find common grounds and slowly merge with DeFi, several traditional Finance(TradFi), rent-seeking players will be made defunct simply due to natural selection and cutting edge technology.
History shows, every generation has that one opportunity to build generational fortune at a present-day bargain. We are very confident we will see a $3–6 trillion total market capitalization in this market cycle.
We are witnessing the birth of a multi-trillion dollar asset class.
