The latest research note from banking giant JPMorgan highlights that DeFi has huge growth potential.
JPMorgan analyst Nikolaos Panigirtzoglou said the industry is still in its “infancy” phase:
However, the analyst also notes that DeFi needs to break through regulatory hurdles. In addition, he states that the growth of the sector is impressive as well as the tendency to be exaggerated.
According to DeFi Pulse, the amount of value locked in various protocols has increased from $13 billion a year ago to $111 billion. According to the report, Ethereum (ETH) accounts for 70% of the DeFi market.
MicroStrategy CEO Michael Saylor pointed out the risks of DeFi, stating that Bitcoin is the only investmentable asset.