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Opinion: Traditional DeFi is Dead, Will Be Replaced by More Mature On-Chain Financial Markets
Summary: According to CoinDesk, Sidney (Sid) Powell, co-founder and CEO of Maple Finance, stated in an interview that traditional DeFi is 'dead' and the future will be dominated by on-chain capital markets. Powell believes that as institutions gradually move trading, clearing, and settlement onto the blockchain, the traditional model relying on Wall Street intermediaries and infrastructure ...
According to CoinDesk, Sidney (Sid) Powell, co-founder and CEO of Maple Finance, stated in an interview that traditional DeFi is 'dead' and the future will be dominated by on-chain capital markets. Powell believes that as institutions gradually move trading, clearing, and settlement onto the blockchain, the traditional model relying on Wall Street intermediaries and infrastructure will be squeezed out, with 'onchain markets will swallow Wall Street.' He pointed out that the early DeFi model focused on speculation and simple lending will be replaced by more institutionalized, institution-focused on-chain financial infrastructure; future capital market activities will occur directly on public or permissioned blockchains, rather than going through traditional brokers and investment banks for settlement.
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Link: Opinion: Traditional DeFi is Dead, Will Be Replaced by More Mature On-Chain Financial Markets [Copy]
