Modern Conflicts and Crypto Are Making TradFi and CeFi Irrelevantby@konstantinshirokov

Modern Conflicts and Crypto Are Making TradFi and CeFi Irrelevant

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The Decentralized Finance (DeFi) boom in 2020 finally brought a much-needed change to the landscape. Despite the rapid growth of DeFi services, CeFi still has a significant influence over the cryptocurrency market. This is the ongoing Russo-Ukrainian conflict that exposed the vulnerabilities of the CeFi as well as showcased the true value and potential of Decentralsized Finance. The industry is facing its most challenging incident to date that overshadows all previous events, as it impacts the lives of entire populations instead of a few thousand crypto users.

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