DeFi is already 30% of the way to mass adoption: Chainlink founder

Chainlink’s Sergey Nazarov has shared a potential roadmap for how DeFi could reach 100% adoption in four years, noting that a big part of this hinges on regulation.

Decentralized finance (DeFi) may only be years away from mainstream adoption, according to Chainlink co-founder Sergey Nazarov. However, significant regulatory and institutional hurdles must still be cleared before it can achieve global scale.

“I think we’re about 30% of the way there,” Nazarov said during an interview with MN Capital founder Michael van de Poppe published to YouTube on Tuesday.

DeFi, which is peer-to-peer financial services built on blockchain networks, could reach 50% global adoption once clearer regulation and legislation can explain why it is reliable, according to Nazarov. 

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