Ian Allison is an award-winning senior reporter at CoinDesk. He holds ETH.
Many financial technology firms and crypto exchanges have noted Coinbase's success with Base, its layer-2 blockchain, and decided to work with layer 2s themselves or build their own.Neutral DeFi protocols that others can easily build on top of are a better path to scale than giant on-chain brokers or funds such as Aave or Compound.
That will change, he said, and points to several pieces of evidence for his thesis that DeFi will scale through a combination of centralized crypto exchanges and fintech firms. “TradFi has very little interest in moving to DeFi, to be frank, just because they have such an unfair advantage with their current infrastructure,” Frambot said in an interview. “However, fintechs don't have their own financial infrastructure, they have to go through all the fees of the TradFi guys. But they have distribution, they have adoption.
The answer to DeFi’s scaling problems also involves protocols that are neutral, like the rails of the internet itself, which can easily be built on top of, Frambot said.
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