Coinbase Predicts Future Of Regulated DeFi Is Just TradFi

It appears the future of Decentralized Finance is coming into sharp focus, and frankly, it's looking an awful lot like the past, but with more steps. According to industry stalwart Coinbase, the revolutionary promise of permissionless financial systems is set to undergo a magnificent transformation: a thorough institutionalization. One can almost hear the collective sigh of relief from suit-clad executives as the wild, untamed frontier of digital assets finally prepares to don a sensible tie and fill out the requisite paperwork.

This exciting evolution suggests that truly 'decentralized' systems will soon be overseen by… well, central authorities, presumably for our own good. And as for the much-touted reign of Ethereum as the foundational layer, apparently, its competitors are just waiting in the wings, ready to offer equally centralized, yet somehow 'better,' versions of the same thing. One might wonder if the next phase involves blockchain-powered compliance reports delivered via carrier pigeon, just to add a touch of innovative flair to the inevitable consolidation.