DeFi can be 100 times larger than today in 5 years

DeFi can be 100 times larger than today in 5 years

The decentralized finance sector currently represents only 0.1% of its maximum potential, and its significant growth is inevitable.

DeFi is only three years old with services that became mainstream for the crypto community in the 2021 DeFi summer. Lending platforms, such as Compound and Aave, together with decentralized exchanges such as Uniswap and Curve, cemented their positions as the market-leading protocols with the first-mover advantage. These didn’t come easy. Uniswap’s founder Hayden Adams wrote an article detailing his journey towards the launch of Uniswap V1 — it is a culmination of faith, friendship, support and hard work during the crypto winter. The DeFi builder community has grown stronger in this new cycle with more programmers from the traditional startups and big tech joining the blockchain and DeFi scene, and this can only mean we have more resources than ever to grow the space and technology.

On February 4, 2004, a dorm room project was born and became a $1 trillion company with 3 billion users in 2021 — it is called Facebook, or Meta after rebranding. DeFi has just started, and with the resources and talent flowing into the space now, growing 100x in the next 5 years is not a dream, it is inevitable.

This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.

The views, thoughts and opinions expressed here are the author’s alone and do not necessarily reflect or represent the views and opinions of Cointelegraph.

Artem Tolkachev is the founder and CEO of BondAppetit and an investor in DeFiHelper. Since 2011, he has been an intellectual property and information technology lawyer and entrepreneur. In 2016, Artem founded and headed Deloitte CIS Blockchain Lab. As part of that initiative, he led a range of innovative projects involving the implementation of enterprise blockchain solutions, tokenization of real-world assets, tax and legal structuring of security token offerings, and the development of cryptocurrency and blockchain legislation.

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