Decentralized vs. Mainstream Financial Services

Comparing the state of programmable money to “mainstream” financial services

Takeaways on Defi

Insight #1: Activity is highly skewed towards “capital markets”

USD Locked in Compound. Source: https://cipher.substack.com/p/contextualising-compound
https://defipulse.com/
Source: https://www.cbinsights.com/research/report/fintech-250-startups-most-promising/

Insight #2: New digital assets

Insight #3: The new financial stack

Insight #4: Impact of CBDC on acceptance of stablecoins

Detailed comparisons by fintech category

Wealth Management ($75T)

Capital Markets ($74T)

Banking ($9T)

Real Estate ($9T)

Lending ($7T)

Insurance ($5T)

Payments & Money Transfer ($3T)

Accounting ($106B)

Compliance & Risk Management ($17B)

Data Aggregation ($16B)

Financial Infrastructure APIs

Conclusion

https://sushiswapclassic.org/

Engineering at Brex, prev. Apple, MSFT, Brown CS + Econ. More at juliawu.me