In 2020, a cadre of DeFi upstarts including the Maker Foundation, Compound Labs, 0x, dYdX and Wyre has become the best justification for the persistence of the world’s second-largest blockchain.
“A lot of money was made on random equities on electronic exchanges. They were people who were more technical than financial.” Now, Ethereum’s surging DeFi sector could force a similar migration.
Beyond leading to a contentious hard fork and the creation of Ethereum Classic, The DAO hack laid bare core issues relating to blockchain development: “Is code law or do these systems serve human purposes?”
“Compared to where we’re going next, we’ve still just scratched the surface of what this technology will do.”