Consider the story of DeFi over the past two years. First, MakerDAO was the darling of the market, then Compound, then Aave, then Sushi Swap and then hybrid gaming/DeFi services like Axie Infinity, all founded within months of their sudden surge to success. Compare that with the winners that emerged from the rubble of the mortgage crisis: JPMorgan Chase and Bank of America. They trace their roots back to 1799 and 1904, respectively.
- No, DeFi Is Not a Repeat of the 2008 Crisis
Written by Bankerage Published on April 9, 2022