A million down, a billion to go: How does DeFi reach mass adoption?

A million down, a billion to go: How does DeFi reach mass adoption?

A report this weekend claimed that DeFi has reached a million users, but the emerging financial vertical has a long road to travel towards widespread success. A report on Friday from Ethereum metrics website Dune Analytics showed that the decentralized finance (DeFi) ecosystem now counts over 1 million unique Ethereum addresses as participants — an over tenfold increase from the 91,000 addresses on Dec. 6, 2019. But while the growth has been undeniable, some experts caution not to interpret the milestone as a sign of widespread adoption. In fact, in order for DeFi to truly break....


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