December 21, 2022, 10:47AM EST
• 6 min read

Competitive DeFi Outlook 2023

Quick Take

  • This is a section from The Block Research’s 2023 Digital Asset Outlook report.
  • We will see more application-specific chains that mitigate limitations of existing generic blockchains, and blockchains that create synergies between DeFi applications and the base layer to optimize capital efficiency.
  • While real-world asset tokenization remained niche, it could increase DeFi’s total addressable market as prototypes have proven its utility in fractionalization and credit access.
  • Stablecoin adoption remained high amid bearish sentiment, and upcoming stablecoin regulations around the globe could further boost its adoption, especially for non-USD stablecoins.

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