"Maple Finance CEO Declares 'DeFi is Over' as Onchain Markets Set to Overtake Wall Street"

DeFi's Evolution: Maple Finance CEO Sid Powell claims that "DeFi is dead" as a separate entity, predicting that all capital market activities will eventually transition to blockchain technology, blurring the lines between decentralized finance (DeFi) and traditional finance (TradFi).

Onchain Credit Growth: Powell anticipates that tokenized private credit will drive the growth of onchain finance, with the DeFi market cap potentially reaching $1 trillion, fueled by an increase in stablecoin transactions expected to hit $50 trillion by 2026.

Stablecoins as a Game Changer: The adoption of stablecoins is expected to significantly reduce transaction costs for merchants, incentivizing small businesses and neobanks to utilize them, thereby accelerating their integration into the financial system.

Future of Financial Infrastructure: Powell envisions a future where traditional financial services become crypto-native, with major financial institutions adopting blockchain technology for capital markets, leading to a seamless integration of DeFi into everyday financial transactions.