Decentralized finance development (DeFi) is a rapidly growing field, and there are a number of future trends that are expected to shape its development. Here are some of the most important trends to watch:
The rise of non-EVM Layer 1 platforms: As DeFi continues to grow, there will be a need for more scalable and secure blockchain platforms. Non-EVM Layer 1 platforms, such as Solana and Cardano, offer these features and are expected to play a major role in the future of DeFi.
The growth of DeFi insurance: As DeFi becomes more popular, there will be an increased demand for DeFi insurance. This is because DeFi protocols are still relatively new and there is a risk of hacks and other security breaches. DeFi insurance can help to protect users' funds in the event of a loss.
The development of DeFi 2.0: DeFi 2.0 is a new generation of DeFi protocols that are designed to be more user-friendly and accessible. DeFi 2.0 protocols are built on top of non-EVM Layer 1 platforms and offer features such as DeFi insurance and decentralized governance.
The integration of DeFi with traditional finance: As DeFi continues to grow, there will be an increased integration with traditional finance. This could take the form of banks and other financial institutions offering DeFi products and services, or it could involve the use of DeFi protocols to improve the efficiency and transparency of traditional financial markets.
The growth of DeFi in emerging markets: DeFi has the potential to revolutionize the financial system in emerging markets. This is because DeFi protocols can provide access to financial services that are not currently available in these markets. As DeFi becomes more accessible, it is expected to grow rapidly in emerging markets.
These are just some of the future trends that are expected to shape the development of DeFi. It is an exciting time to be involved in this field, and there are many opportunities for innovation and growth.