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Andrea Cronje: «Decentralized finance (DeFi) no longer exists; what remains is only on-chain finance.» 👀
Fantom founder Andre Cronje believes many DeFi protocols have become more centralized and are run by companies rather than being truly decentralized.
He also pointed to a drop in total value locked in DeFi from about $167 billion in October 2022 to $75 billion today.
Has DeFi become more centralized, or is it evolving into a new form? 🤔
© Cointelegraph
Andrea Cronje: «Decentralized finance (DeFi) no longer exists; what remains is only on-chain finance.» 👀
Fantom founder Andre Cronje believes many DeFi protocols have become more centralized and are run by companies rather than being truly decentralized.
He also pointed to a drop in total value locked in DeFi from about $167 billion in October 2022 to $75 billion today.
Has DeFi become more centralized, or is it evolving into a new form? 🤔
© Cointelegraph