The total locked value, or TVL, in decentralized finance protocols (DeFi) has soared to more than $ 250 billion at the end of 2021, according to DeFi Llama, with the most activity concentrated in. The fledgling DeFi industry didn’t go mainstream until the summer of this year.
While TVL’s valuations show the rapid growth of the industry, (ADA) founder Charles Hoskinson warned of the challenges facing DeFi. In a YouTube video titled “DApps and Cardano DeFi Alliance,” Hoskinson spoke of the potential of DeFi, as well as the small role that Cardano plays within the industry.
According to Hoskinson, who has been trying to transform traditional finance for a decade, developers and creators need to take a more long-term vision:
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