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

Published 12/06/2020, 07:44 PM
Updated 12/06/2020, 09:20 PM
A million down, a billion to go: How does DeFi reach mass adoption?
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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 mainstream, many of the emerging vertical’s proponents may have to rethink their communication and outreach strategies.

‘Speculators to participants’

‘A different profile of user’

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