by Andrew Lee DeFi today has provided utility for a lot of the same use cases that CEXes have already validated, which includes spot trading, margin lending and leverage. Many DeFi startups today are building more specialized solutions for an already small demographic of advanced crypto users, and are not thinking about how to grow the dapp user population as a whole. In light of this limitation of DeFi serving a very niche audience, I think the next area of growth for crypto applications lies in the intersection of social needs and crypto assets.
How I'm Building Out SoFi (Social Finance)
How I'm Building Out SoFi (Social Finance)
How I'm Building Out SoFi (Social Finance)
by Andrew Lee DeFi today has provided utility for a lot of the same use cases that CEXes have already validated, which includes spot trading, margin lending and leverage. Many DeFi startups today are building more specialized solutions for an already small demographic of advanced crypto users, and are not thinking about how to grow the dapp user population as a whole. In light of this limitation of DeFi serving a very niche audience, I think the next area of growth for crypto applications lies in the intersection of social needs and crypto assets.