The Wharton School of the University of Pennsylvania has released a report titled “DeFi Beyond the Hype,” produced by the Wharton Blockchain and Digital Asset Project in collaboration with the World Economic Forum.
According to the famed business school, the DeFi industry has the potential to transform global finance. To date, however, it has yet to fulfill the hype.
“DeFi has the potential to transform global finance, but activity to date has concentrated on speculation, leverage, and yield generation among the existing community of digital asset holders,” the report said, adding that the novel industry is exposed to many risks.
The state of DeFi according to Wharton
DeFi Pulse, a data platform tracking the growth of DeFi, indicates that there is more than $54 billion locked into the sector. This figure was just under $1 billion last year.
DeFi Pulse Total Value Locked (TVL) over the past year. Source: DeFi Pulse.
Amidst the growing industry, the Wharton report claims the
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