Avalanche Summit 2022 - Defi Mass Market Adoption
Harold Bosse (
Where are we in the Defi landscape
- 400T marketcap out there. Blockchain has 4T (1%) - great, not the end, but not beginning either.
- John Nahas: end of the beginning. Still a much greater pie out there
- Hard to create value in spaces not yet explored
- Decentralized Finance relevant, but not major. Not used by billions yet
- User experience biggest barrier. People want a one click experience
- For the average person, using metamask is a high barrier of entry
- Think about what and who products are building for. And why will they want to use it?
Where will incumbents move into the space
- There is a realization that blockchain is super useful
- Banks are researching how to use blockchain for better value creation for their customers
Does blockchain need to be known? or the app
- Blockchains benefits need to be known - secure, safe, robust
- Blockchains will signify trust. Blockchain == Trust