The current wave of the tech revolution, with blockchain at the forefront, is changing the identity and flexibility of money, empowering individuals through decentralization and offering accessibility to unbanked people.
Building on the promise of decentralization and a more democratic financial ecosystem, the decentralized finance (DeFi) trend – a $50 billion market as of mid-December 2023 – has already onboarded about 50 million users.
While market participants recognize the advantages of digital assets, DeFi still hasn’t reached a mainstream audience due to a number of essential challenges, including poor user experience, complexity, market fragmentation and security vulnerabilities.
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