DefiLlama 2022 Year-End Review of DeFi: Innovation and Challenges Coexist
DeFi has made significant progress, but the asset class is still relatively small compared to the traditional financial services industry. The total value locked in DeFi ($54 billion) accounts for only a small fraction of the total assets managed by the banking system. However, in the next decade, DeFi will play an important role in the financial sector.