Maple Finance CEO Sid Powell predicts that onchain finance will eventually surpass traditional financial markets, rather than eliminating decentralized finance (DeFi). Powell envisions blockchain technology becoming the foundational infrastructure for finance, integrating both DeFi and traditional finance (TradFi). He highlighted the increasing adoption of stablecoins by major banks, projecting that stablecoins could facilitate $50 trillion in transactions by 2026.
Powell anticipates a future where finance is entirely onchain, with the potential for the DeFi market cap to reach $1 trillion as tokenized assets continue to expand. This vision underscores a significant shift towards blockchain-based financial systems, driven by the growing acceptance and integration of digital assets in mainstream finance.
Maple Finance CEO Foresees Onchain Finance Surpassing Traditional Markets
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