đ New report from Solana Foundation: DeFi is struggling but still promising!
đ History of DeFi: From simple cryptocurrency exchanges to complex ecosystems with lending, borrowing, yield generation and more. Stablecoins are the "killer app" of crypto!
â ïž Challenges: Unstable demand, unsustainable incentive models, ineffective governance and security risks. Strict regulations from the US are also a factor.
đ Competition: Blockchains with large user bases and low fees will attract different developers. Users are overwhelmed by the number of applications and lose trust in on-chain applications.
đ Bright future: Diversify and develop "super apps" like Uniswap and Solana. The trend of integrating with Web2 infrastructure, improving user experience and enhancing social interaction.
đŹ What do you think about the future of DeFi? Share your opinion! đ
#Crypto#Blockchain#DeFi#Solana#Stablecoins#Web3
