Morgan Stanley executives: Food coins exploded this year and will be adopted

[Cordillerabit]

Has the Defi craze gone? Recently Andrew Peel, head of digital asset markets at Morgan Stanley, said that DeFi may continue to maintain its momentum next year and develop rapidly.

Media "The Block" live conference "Digital Asset Development Strategy", Peel said that DeFi will not disappear in the coming year.

Although the live broadcast mainly discusses how cryptocurrency or blockchain will be used for traditional finance in the future, Peel did not predict PayPal or Square's Bitcoin payment at the end of the forecast. Instead, he believes that DeFi will be required in 2021, pay attention to the trend.

He pointed out that in August and September, the transaction volume of the decentralized exchange Uniswap reached an unprecedented high (surpassing Coinbase's $13.6 billion with a transaction volume of $15.4 billion), which should not be ignored by everyone.

Source: Bityard