Markets.News
Cathie Wood, the founder of Ark Invest, expressed enthusiasm for the rapid expansion of decentralized finance compared to centralized finance, labeling it a "financial services revolution." This reaction came following a social media post by Ark Invest's Director of Research, Lorenzo Valiente, who observed strong and consistent growth trends in DeFi. Despite market fluctuations and global uncertainties, DeFi's portion of futures trading has increased from 1.6% to 7% since the fourth quarter of 2022, and its share in spot trading has climbed from 7% to 20%. Particularly noteworthy is the significant rise in DeFi's stake in lending, leaping from 15% to over 60%. For more details, visit Benzinga.com.