{"id":382927,"date":"2021-12-18T18:15:00","date_gmt":"2021-12-18T15:15:00","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/from-defi-year-to-decade-is-mass-adoption-here-experts-answer-part-1\/"},"modified":"2021-12-18T18:15:00","modified_gmt":"2021-12-18T15:15:00","slug":"from-defi-year-to-decade-is-mass-adoption-here-experts-answer-part-1","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/from-defi-year-to-decade-is-mass-adoption-here-experts-answer-part-1\/","title":{"rendered":"#From DeFi year to decade: Is mass adoption here? Experts Answer, Part 1"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_88 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6ac6c35bab86c\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6ac6c35bab86c\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/from-defi-year-to-decade-is-mass-adoption-here-experts-answer-part-1\/#Simon_Peters_of_eToro\" >Simon Peters of eToro<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/buradabiliyorum.com\/en\/from-defi-year-to-decade-is-mass-adoption-here-experts-answer-part-1\/#Roger_Ver_of_Bitcoincom\" >Roger Ver of Bitcoin.com<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/buradabiliyorum.com\/en\/from-defi-year-to-decade-is-mass-adoption-here-experts-answer-part-1\/#Pat_Arunanondchai_of_EvryNet\" >Pat Arunanondchai of EvryNet<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/buradabiliyorum.com\/en\/from-defi-year-to-decade-is-mass-adoption-here-experts-answer-part-1\/#Martha_Reyes_of_Bequant\" >Martha Reyes of Bequant<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/buradabiliyorum.com\/en\/from-defi-year-to-decade-is-mass-adoption-here-experts-answer-part-1\/#Joshua_Tobkin_of_SupraOracles\" >Joshua Tobkin of SupraOracles<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/buradabiliyorum.com\/en\/from-defi-year-to-decade-is-mass-adoption-here-experts-answer-part-1\/#Jason_Allegrante_of_Fireblocks\" >Jason Allegrante of Fireblocks<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/buradabiliyorum.com\/en\/from-defi-year-to-decade-is-mass-adoption-here-experts-answer-part-1\/#Hatu_Sheikh_of_DAO_Maker\" >Hatu Sheikh of DAO Maker<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/buradabiliyorum.com\/en\/from-defi-year-to-decade-is-mass-adoption-here-experts-answer-part-1\/#Dominik_Schiener_of_the_Iota_Foundation\" >Dominik Schiener of the Iota Foundation<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/buradabiliyorum.com\/en\/from-defi-year-to-decade-is-mass-adoption-here-experts-answer-part-1\/#Daniel_Khoo_of_Nansen\" >Daniel Khoo of Nansen<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/buradabiliyorum.com\/en\/from-defi-year-to-decade-is-mass-adoption-here-experts-answer-part-1\/#Ankitt_Gaur_of_EasyFi_Network\" >Ankitt Gaur of EasyFi Network<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/buradabiliyorum.com\/en\/from-defi-year-to-decade-is-mass-adoption-here-experts-answer-part-1\/#Alex_Tapscott_of_Blockchain_Research_Institute\" >Alex Tapscott of Blockchain Research Institute<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/buradabiliyorum.com\/en\/from-defi-year-to-decade-is-mass-adoption-here-experts-answer-part-1\/#Ahmed_Al-Balaghi_of_Biconomy\" >Ahmed Al-Balaghi of Biconomy<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/buradabiliyorum.com\/en\/from-defi-year-to-decade-is-mass-adoption-here-experts-answer-part-1\/#Introduction\" >Introduction<\/a><\/li><\/ul><\/nav><\/div>\n<p>&#8220;<strong>#From DeFi year to decade: Is mass adoption here? Experts Answer, Part 1<\/strong>&#8221;<\/p>\n<p style=\"float:right;margin:0 0 10px 15px;width:240px\"><img decoding=\"async\" src=\"https:\/\/images.cointelegraph.com\/images\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS9zdG9yYWdlL3VwbG9hZHMvdmlldy9jYjU5OWRiNjM4ZmZiMDBlNmQwZWYxNWQwNGQyZDc4My5qcGc=.jpg\" class=\"type:primaryImage\"><\/p>\n<pre><code>                Decentralized technologies\u2019 insiders shared their views on DeFi and on the role, achievements and challenges the space faced in 2021.\n                &lt;h2&gt;Yaniv Tal of The Graph&lt;\/h2&gt;&lt;p&gt;&lt;\/p&gt;&lt;p dir=\"ltr\"&gt;&lt;em&gt;Yaniv is a co-founder and CEO at Edge &amp;amp; Node, and co-founder of The Graph, a decentralized indexing protocol used by blockchains such as Ethereum.&lt;\/em&gt;\n<\/code><\/pre>\n<p>\u201cMany people and institutions got started with DeFi in 2021, but we haven\u2019t even started mass adoption yet. As more and more retail and payment systems start integrating with crypto, people will be able to keep their money in crypto, bypassing the traditional banking system, and benefit from high interest rates made possible by the productive use of protocol tokens.\u201d<\/p>\n<div id=\"post-content\"><em><span style=\"color:#a9a9a9;font-size:12px\">These quotes have been edited and condensed. <\/span><\/em><\/p>\n<\/div>\n<div id=\"post-content\">\n<p><em><span style=\"color:#a9a9a9;font-size:12px\">The views, thoughts and opinions expressed here are the authors\u2019 alone and do not necessarily reflect or represent the views and opinions of Cointelegraph. <\/span><\/em><\/p>\n<\/div>\n<h2><span class=\"ez-toc-section\" id=\"Simon_Peters_of_eToro\"><\/span>Simon Peters of eToro<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><p dir=\"ltr\"><em>Simon is a crypto analyst at eToro, the world\u2019s leading <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/social-mediaa\/\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Social Media\" target=\"_blank\" rel=\"noopener\">social<\/a> trading platform, which offers both investing in stocks and cryptocurrencies.<\/em><\/p>\n<p>\u201cThe rise of NFTs has underpinned the recent mainstream adoption of DeFi, with some of the world\u2019s most popular NFT marketplaces (OpenSea and Rarible) running their operations on the Ethereum blockchain.<\/p>\n<p dir=\"ltr\">As one of the most promising sectors within the crypto market, decentralized DeFi knows no boundaries. DeFi blockchain networks are turning the tide on traditional wealth management with more and more financial institutions adopting this innovative <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/technology\/\" data-internallinksmanager029f6b8e52c=\"4\" title=\"Technology\" target=\"_blank\" rel=\"noopener\">technology<\/a>. In April 2021, the European Investment Bank released a bond of 100 million euros on the Ethereum blockchain, demonstrating its intention for further innovation in traditional finance.<\/p>\n<p dir=\"ltr\">With more and more users becoming involved in DeFi through borrowing, lending, yield farming and trading on decentralized exchanges, underlying blockchains such as Ethereum and Solana will continue to see significant growth, and as a result, transpire in the <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>reciation of their native coins.\u201d<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Roger_Ver_of_Bitcoincom\"><\/span>Roger Ver of Bitcoin.com<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p dir=\"ltr\"><em>Roger is an early Bitcoin adopter and investor. He is the executive chairman of Bitcoin.com, a site featuring cryptocurrency <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">news<\/a> in addition to an exchange and wallet service. He is also one of the five original founders of the Bitcoin Foundation.<\/em><\/p>\n<p>\u201cMost of the world has never used a DeFi product. It is up to the entrepreneurs and businesses to build the software tools that make DeFi easy, safe and useful enough for more people to want to get involved.\u201d<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Pat_Arunanondchai_of_EvryNet\"><\/span>Pat Arunanondchai of EvryNet<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p dir=\"ltr\"><em>Pat is the project lead at EvryNet, a platform for cross-chain asset transfer, and bridging digital tokens between Evrynet and other blockchains.<\/em><\/p>\n<p>\u201cToken management and education about the space are issues that prevent more adoption of DeFi among the masses, as well as institutional investors. Beyond the volatility, many just see crypto as a form of payment and nothing else yet. People think that because you can\u2019t pay for things with it, then it has no economic utility. In <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/general\/\" data-internallinksmanager029f6b8e52c=\"3\" title=\"General\" target=\"_blank\" rel=\"noopener\">general<\/a>, we need a better understanding of DeFi.\u201d<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Martha_Reyes_of_Bequant\"><\/span>Martha Reyes of Bequant<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p dir=\"ltr\"><em>Martha is the head of research at Bequant, the digital asset exchange and prime broker.<\/em><\/p>\n<p dir=\"ltr\">\u201cDeFi adoption has really kicked off in 2021, with TVL rising exponentially versus 2020. However, the number of users is still relatively small because the user experience is not easy. As an industry, crypto has very much been led by retail investors, with institutions following suit. For DeFi, institutions have gotten onboard a lot earlier in the journey and are influencing adoption much more quickly than in wider crypto. High gas fees on the Ethereum blockchain also make it less accessible for retail users. I expect the pace to pick up in 2022 as more and more banks, exchanges and financial institutions realize the benefits of decentralized finance and the entry points become more user-friendly.\u201d<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Joshua_Tobkin_of_SupraOracles\"><\/span>Joshua Tobkin of SupraOracles<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p dir=\"ltr\"><em>Joshua is the CEO and co-founder of SupraOracles, which develops a blockchain network that uses real-time data on the financial markets for a secure interface and DeFi smart contracts.<\/em><\/p>\n<p>\u201cWe are working to address the oracle dilemma that has led to more than $730 million being stolen from DeFi users since DeFi Summer. With advancements in this area, in particular around security and speed, I believe market confidence will improve. Ultimately, better tooling, better on-ramps and better awareness will also help. Not to mention, inflation is definitely going to be a real driver for more adoption too.\u201d<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Jason_Allegrante_of_Fireblocks\"><\/span>Jason Allegrante of Fireblocks<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p dir=\"ltr\"><em>Jason is the head regulatory counsel and global chief compliance officer at Fireblocks, a digital asset custody, transfer and settlement platform.<\/em><\/p>\n<p>\u201cSolving security, usability and compliance challenges will help bring more institutions into the market. The launch of permissioned DeFi will address these areas and create a more seamless onboarding experience for traditional fintechs and banks to enter into the arena.\u00a0<\/p>\n<p>These trends will converge as institutions and are pushed to scale to meet the demands from the retail market, which will see rocket-fueled growth from gaming.\u201d<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Hatu_Sheikh_of_DAO_Maker\"><\/span>Hatu Sheikh of DAO Maker<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p dir=\"ltr\"><em>Hatu is the co-founder and chief security officer of DAO Maker, which creates growth technologies and funding frameworks for startups, while simultaneously reducing risks for investors.<\/em><\/p>\n<p>\u201cAbsolutely \u2014 2020 and 2021 were the breakthrough years for all things DeFi. However, the room for growth and expansion is larger than the current landscape. The majority of the population is yet to grasp DeFi, its products and its utility. I believe DeFi is still in its novelty phase, with trends dominating the adoption rather than real-life uses.<\/p>\n<p dir=\"ltr\">However, the activity volume on DeFi protocols and a growing TVL are concrete indicators of people increasingly using DeFi products. The lending and borrowing market on DeFi has gained prominence with its transparency and ease of access, luring traditional and retail users into the DeFi space.<\/p>\n<p dir=\"ltr\">The further adoption of DeFi is dependent on how seamlessly it is integrated with conventional financial services. Apart from the fact that this integration will help DeFi reach the grassroots levels, it also is a <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/game\/\" data-internallinksmanager029f6b8e52c=\"7\" title=\"Game\" target=\"_blank\" rel=\"noopener\">game<\/a>changer for how the financial systems work. The transparency of DeFi, coupled with the user-friendliness of conventional platforms, is a combination I\u2019m looking forward to.\u201d<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Dominik_Schiener_of_the_Iota_Foundation\"><\/span>Dominik Schiener of the Iota Foundation<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p dir=\"ltr\"><em>Dominik is the co-founder and chairman of the Iota Foundation, an open-source distributed ledger and cryptocurrency designed for the Internet of Things.<\/em><\/p>\n<p>\u201cThe biggest difference between crypto in 2017 and crypto in 2022 is the establishment of tangible business models and use cases within our ecosystem thanks to DeFi. We no longer have to wait for external parties such as large companies to drive adoption. We can do it ourselves with applications that introduce much-needed innovation to the base level of our economy \u2014 finance.<\/p>\n<p>2021 has been a tremendous year for early-stage validation and growing excitement toward DeFi\u2019s potential. But it\u2019s still early stages. DeFi isn\u2019t yet comparable to fintech companies like Revolut or N26 (2 million to 5 million monthly active users) or established Web2 finance players like PayPal (361 million active users). It\u2019s anyone\u2019s game, since no DApp in the crypto space has achieved mass adoption.<\/p>\n<p>Going into 2022 and equipped with the right layer-one networks, we\u2019re aiming for mass adoption. To achieve that, we need to eradicate the entry barriers for buying and selling crypto through regulated fiat bridges (such as banks), overhaul the user experience, reduce fees (anything above $0.1 is not acceptable), and provide the right guide rails so everyone can easily and safely participate in the decentralized economy (such as custody solutions, decentralized identity and secure wallets).<\/p>\n<p>DeFi is legitimizing crypto and decentralized economies. Traditional financial institutions are already starting to participate. In 2022, we will only see an uptick in usage and adoption.<\/p>\n<p>The beauty of permissionless innovation is that we are able to rapidly evolve as an ecosystem to find the best possible solutions. DeFi is the rapid innovation playground we needed to finally upgrade the finance sector with technologies that will empower everyone to participate in the global economy.\u201d<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Daniel_Khoo_of_Nansen\"><\/span>Daniel Khoo of Nansen<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p dir=\"ltr\"><em>Daniel is a research analyst at Nansen\u2019s platform, which combines on-chain data with a proprietary database of activity across more than 100 M blockchain wallets to provide real-time, actionable insights for investors and financial institutions in the expanding blockchain ecosystem.<\/em><\/p>\n<p>\u201cDeFi TVL growth:<\/p>\n<ul>\n<li>2020 \u2014 from $630.26 million to $19.82 billion (approximately 3,033%)<\/li>\n<li>2021 \u2014 from $19.82 billion to $241.79 billion (approximately 1,120%)<\/li>\n<li>A large increase in TVL despite a slowdown in growth as compared to 2020<\/li>\n<\/ul>\n<p>However, DeFi TVL is now more sticky. DeFi TVL held arguably better than spot, showing its resilience.<\/p>\n<p>In my view, one factor would be the maturity of stablecoins. Multiple big names such as USDC, USDT, BUSD and UST play a vital role as to why TVL held up. As compared to previous cycles, when stablecoins weren\u2019t as matured, people would liquidate their crypto positions to fiat in the event of market uncertainty or stressful conditions. However, now people can sell to stables (or, rotate to stables) and also use them to farm yield on-chain. It is also a very common strategy to farm stables on various DApps that have been battle-tested like Curve. The ability to earn a good yield, risk-adjusted, causes capital to be more sticky and thus TVL to be more resilient. This is often compared to parking capital in 0% interest rate savings accounts or even bonds. From the picture in Nansen\u2019s stablecoin master, we can see that market caps of stablecoins have been growing steadily with the increased demand.\u201d<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Ankitt_Gaur_of_EasyFi_Network\"><\/span>Ankitt Gaur of EasyFi Network<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p dir=\"ltr\"><em>Ankitt is the CEO of EasyFi Network, a layer-two DeFi lending protocol for digital assets.<\/em><\/p>\n<p>\u201cYes! After the DeFi boom of 2020, we\u2019ve seen a significant rise in the number of DeFi users. But for mass adoption to truly unfold, the user experience in DeFi and onboarding process should be simplified. We need projects to be able to blur the lines between TradFi and DeFi, facilitating a seamless transition. Solving the scalability issues and reducing the costs associated with cryptocurrencies could also propel the industry toward mass adoption.<\/p>\n<p dir=\"ltr\">\u00a0Moreover, I believe that interoperability could also be a game-changer in DeFi. Interoperability could just improve the overall user experience in DeFi, providing a way for users to easily transact between chains and choose the one that suits them most. This is why we\u2019ve placed a special emphasis on interoperability with EasyFi. As a layer-two lending protocol, EasyFi has multichain accessibility and bridges the various gaps in DeFi.\u201d<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Alex_Tapscott_of_Blockchain_Research_Institute\"><\/span>Alex Tapscott of Blockchain Research Institute<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p dir=\"ltr\"><em>Alex is a writer, speaker, investor and advisor focused on the impact of emerging technologies such as blockchain and cryptocurrencies. He is a co-founder of the Blockchain Research Institute, a multi-million-dollar think-tank that is investigating blockchain strategies, opportunities and use-cases.\u00a0<\/em><\/p>\n<p>\u201cThe 2020s will be the DeFi decade. Why? DeFi extends Satoshi\u2019s concept of peer-to-peer electronic cash to lending, trading, investing, managing risk and more, all of which are built on top of distributed networks, not corporations. In one year, the DeFi industry\u2019s market capitalization has ballooned 30 times to $150 billion. The total value of user deposits, or total value locked, has surged 100 times to nearly $200 billion. DeFi is maybe the fastest-growing industry ever, but despite its meteoric growth, it\u2019s still very small. According to DeFi Llama and DeFi Pulse, there are perhaps a couple million people using DeFi across various platforms like Ethereum, Solana and Cosmos. The next decade will see a billion people, many of them unbanked, get onboarded to financial markets for the first time ever via DeFi applications. In the same way billions leapfrogged landlines and went straight to cell phones, so too will billions leapfrog traditional banks and go straight to DeFi.\u201d<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Ahmed_Al-Balaghi_of_Biconomy\"><\/span>Ahmed Al-Balaghi of Biconomy<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p dir=\"ltr\"><em>Ahmed is a co-founder of Biconomy, a developer platform that empowers blockchain developers to enable a simplified transaction and onboarding experience for their Web3 projects.<\/em><\/p>\n<p>\u201cMore scaling solutions will become essential to the mass adoption of DeFi products and services. We are seeing that most DeFi applications go live on multiple chains. While that makes them cheaper to use, it adds more complexities for those who are trying to learn and understand how they work. Thus, to start the second phase of DeFi mass adoption, we need solutions that simplify onboarding and use DApps that are spread across different chains and scaling solutions. The endgame is that all the cross-chain actions will be in the background, handled by infra services such as Biconomy or the DApp themselves, so the user doesn\u2019t need to deal with it themselves.\u201d<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Introduction\"><\/span>Introduction<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p dir=\"ltr\">When I was preparing a similar article about decentralized finance last year, I knew why it was a \u201cDeFi year\u201d for me: The most popular question I heard then was, \u201cCould you tell me what DeFi is?\u201d A lot has changed since then. All my friends \u2014 and they are far from the blockchain space \u2014 now ask: \u201cHave you heard what this DeFi project is doing?\u201d or, \u201cBetween that and another project, which one solves this problem better?\u201d And so on. The public discourse now stands on a higher level of understanding of this industry. People outside of crypto are doing research \u2014\u00a0 they read, explore and ask profound questions. Isn\u2019t this the mainstream adoption we all have been hoping for? It is for me.\u00a0<\/p>\n<p>To gain more insight on the matter, I reached out to different experts from the blockchain industry, asking: \u201cAfter 2020 was named the year of DeFi, did we already see mass adoption of decentralized finance in 2021? What could help it gain even more adoption going into 2022?\u201d<\/p>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more News articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/explained\/from-defi-year-to-decade-is-mass-adoption-here-experts-answer-part-1\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;#From DeFi year to decade: Is mass adoption here? Experts Answer, Part 1&#8221; Decentralized technologies\u2019 insiders shared their views on DeFi and on the role, achievements and challenges the space faced in 2021. &lt;h2&gt;Yaniv Tal of The Graph&lt;\/h2&gt;&lt;p&gt;&lt;\/p&gt;&lt;p dir=&#8221;ltr&#8221;&gt;&lt;em&gt;Yaniv is a co-founder and CEO at Edge &amp;amp; Node, and co-founder of The Graph, a decentralized&#8230;<\/p>\n","protected":false},"author":1,"featured_media":382928,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1024_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS9zdG9yYWdlL3VwbG9hZHMvdmlldy9jYjU5OWRiNjM4ZmZiMDBlNmQwZWYxNWQwNGQyZDc4My5qcGc=.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[],"class_list":["post-382927","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/382927","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=382927"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/382927\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/382928"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=382927"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=382927"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=382927"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}