A closely followed crypto analyst sees big potential for decentralized finance (DeFi) to disrupt the traditional financial system.
In a new discussion on crypto analyst Benjamin Cowen’s YouTube channel, the host of InvestAnswers says that DeFi is still as revolutionary as people said it was in 2020.
“I am huge into DeFi. I’m a tradFi guy now so I can see the potential. I can see what’s actually happening live, the development of DApps (decentralized applications) that literally revolutionize everything from the payment business to the borrowing, lending, financing, derivatives. Everything is going to move to the chain. Everything will be tokenized.”
With the total value locked in decentralized finance protocols ballooning from just under $30 billion in 2020 to its current $71.59 billion, the