Foreword
The financial industry, an ancient and traditional industry, plays an important role in the stable development of a country and society. The prosperity of the financial industry has injected blood and soul into society and will drive its overall economic development. The financial industry empowers or assists the development of traditional industries, and it is an important research direction for the progress of modern society.
At the same time, blockchain technology has gradually entered people's lives and caused a frantic pursuit of capital and users with its own novel concepts and technologies. In the long run, blockchain technology will be a perfect fit for the current trend of financial system reform and solve current irreconcilable class contradictions.
Since 2020, DeFi has come into the vision of the public and ushered in explosive growth. The value locked in DeFi has been soaring as an indicator to guide market liquidity. On August 19, 2020, the total value locked in DeFi (TVL) reached 6.38 billion US dollars; in May 2021, TVL reached more than 130 billion US dollars; by the end of 2021, TVL reached more than 240 billion US dollars.
However, the existing scale of DeFi is still less than 1% of the traditional financial market so that it still has huge development potential. The power of DeFi and the traditional financial market will gradually integrate, bringing greater capital to DeFi while also bringing more regulatory transparency, market flexibility, and gradually forming a decentralized financial ecology.
Today, we are standing on the strong foundation of DAO and heading for a bright future in the DeFi world. The financial world of the future will definitely abandon the constraints of centralization, achieve community autonomy, and benefit everyone.
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