DATA & FIGURES
The forecast by Standard Chartered highlights several key figures, including the expected growth of DeFi assets to $2.7 trillion by 2030, a 37-fold increase from current levels. Additionally, Kendrick notes that only 3% of stablecoins and 10% of tokenized real-world assets are currently used in DeFi, with this share expected to rise to 30% by the end of 2030.
THE SCENARIO
The growth of DeFi is expected to be driven by the increasing adoption of tokenization, with Standard Chartered forecasting that tokenized real-world assets will play a significant role in channeling more capital into DeFi.
DIRECT QUOTE
"I think the next opportunity for generational wealth in digital assets is going to come via the DeFi protocols." — Geoff Kendrick, Head of Digital Assets Research, Standard Chartered
BBN INSIGHT
The forecast by Standard Chartered highlights the significant potential for growth in the DeFi market, driven by the increasing adoption of tokenization. However, it also underscores the need for further development and infrastructure to support the growth of DeFi, including the creation of more unified and liquid markets.
MARKET REACTION
The price of BTC has responded positively to the forecast, increasing by 3.35% to $66,439. Additionally, other cryptocurrencies such as ETH and XRP have also seen significant gains, with ETH increasing by 8.18% to $1,811 and XRP increasing by 8.36% to $1.23.