What's next for DeFi? Full piece on Fortune.

Tl;dr:
- Biggest hurdle: DeFi user experience still too complex for mainstream adoption.
- Fintechs and exchanges are the key to simplifying and mainstreaming DeFi.
- Open financial infrastructure provides fintech lower costs, better margins.
- Immutable code allows them to own more of their financial tech stack–beyond distribution into “manufacturing".
- DeFi is a common back end for all front ends = shared state, more efficient.
- DeFi + fintech/exchange = cheaper, efficient, global services.

What's next for DeFi? Full piece on Fortune.

Tl;dr:
- Biggest hurdle: DeFi user experience still too complex for mainstream adoption.
- Fintechs and exchanges are the key to simplifying and mainstreaming DeFi.
- Open financial infrastructure provides fintech lower costs, better margins.
- Immutable code allows them to own more of their financial tech stack–beyond distribution into “manufacturing".
- DeFi is a common back end for all front ends = shared state, more efficient.
- DeFi + fintech/exchange = cheaper, efficient, global services.

https://fortune.com/crypto/2025/01/11/the-next-phase-of-defi-fintechs-and-exchanges-will-take-the-lead/