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JPMorgan: The rise of the DeFi and asset tokenization market is still disappointing.
Odaily News Morgan Stanley analyst Nikolaos Panigirtzoglou stated in the latest research report that the growth rate of the DeFi and asset tokenization markets remains disappointing, noting that the recovery speed since the 2022 crypto winter has not been fast. Currently, the total Lock-up Position (TVL) of DeFi is still below the peak in 2021, with most activities still driven by crypto-native users and retail investors, while institutional adoption remains lagging. In the asset tokenization market, the scale of tokenized assets has reached $25 billion, with tokenized bonds at $8 billion. The adoption rate of money market funds is also continuously increasing, but most projects remain small in scale, lack liquidity, or are in the experimental stage. (CoinDesk)
DEFI21.76%