Blockchain needs to walk before it runs to DeFi
Cointelegraph
Published Sep 10, 2020 09:00AM ET
Updated Sep 10, 2020 07:40PM ET
Decentralized finance has become the fastest-growing sector of the blockchain industry. Today, there are over 200 projects working on a wide variety of decentralized financial products and services. That number continues to increase every day as new DeFi-related projects launch.
The most telling figure of this rapid growth is the staggering amount of money that is locked in DeFi, recently having passed the $7 billion threshold. The challenge is that increased growth leads to higher risks. As DeFi continues to grow at a rapid pace, this burgeoning industry will experience severe growing pains along the way unless proactive measures are taken, particularly related to security.
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Written By: Cointelegraph
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