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DeFi Adoption 2020: A Definitive Guide to Entering the Industry
The report "DeFi Adoption 2020: A Definitive Guide to Entering the Industry" provides an in-depth look into the fast-growing Decentralized Finance (DeFi) industry. It contrasts DeFi with Traditional Finance (TradFi) and Centralized Finance (CeFi), explaining the unique advantages of DeFi such as user governance, global accessibility, and lower barriers to entry. Ethereum is identified as the dominant DeFi/CeFi platform but faces challenges like scalability and high transaction fees that could let other blockchains like Binance Chain and Solana gain market share. The report also offers survey insights from high-level executives in the DeFi space, breaks down the components of the DeFi market, and highlights practical use cases.
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