Six years after “DeFi Summer” is the sun already setting on the decentralized finance revolution?
CryptoSlate
DeFi faces a trust crisis as capital migrates toward safer, regulated on-chain alternatives like stablecoins and tokenized Treasuries.Summary
The decentralized finance (DeFi) sector is experiencing a significant trust deficit following major exploits involving KelpDAO, Drift Protocol, and Venus. While DeFi continues to operate, users and institutional capital are increasingly favoring safer, regulated on-chain financial products such as stablecoins and tokenized U.S. Treasuries. The industry is currently shifting away from complex, permissionless protocols toward institutional-friendly rails, forcing open DeFi to compete for its role as the primary gateway to on-chain finance.
(Source：CryptoSlate)