The rules of finance are being rewritten at a rapid pace. Not only were markets recently stunned by Reddit’s ability to stick it to Wall Street, but a much bigger curveball is also bearing down on the titans of investment. At the time of writing, the ‘total valued locked’ (TVL) in decentralised finance, or DeFi, stands at $120.78bn — a staggering 700% growth in the last six months.
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