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Alex Tapscott: DeFi capitalization in 2022 could exceed $ 1 trillion

Alex Tapscott, CEO of investment company Ninepoint, analyst and author of books on cryptocurrencies, believes that the DeFi sector will see even more impressive growth next year.

Alex Tapscott, founder of the Canadian think tank Blockchain Research Institute, in an interview
commented on rapid and significant growth in the volume of assets locked in DeFi.

“The current cost of DeFi is, depending on who you ask, between $ 100 billion and $ 200 billion. I think the second number is more accurate. We’re going to hit a trillion dollars next year, and that’s a pretty conservative estimate. ”

Tapscott noted the acceleration in adoption and adoption of DeFi and believes the results will be even more impressive next year.

“Today, the number of DeFi users is about 3 million. Last year it was a couple hundred thousand, so it’s fair to assume that at current growth rates, we could reach 30 million, maybe even 50 million users by the end of 2022. ”

In his opinion, stablecoins next year will receive even greater integration with the real sector of the economy.

“Stablecoins will cease to be assets that are used primarily in the cryptocurrency world as a settlement layer for transactions and a medium of exchange, and will come to something that is widely used by people outside the industry. Much of this growth will be driven by their integration into major payment networks such as MasterCard and Visa. ”

Tapscott believes that NFTs will become a tool that will allow you to take useful and loved things from the real world with you on your “journey through the metaverse”.

“NFTs will evolve from what we consider primarily ‘cultural assets’ such as art and collectibles to a digital identity building block that will help anchor the metaverse as a way for people to have a sustainable sovereign identity that they can take with them to the Internet. along with their digital goods. ”

Recently, the Blockchain Gaming Alliance (BGA) calculated that the total market capitalization of decentralized applications (DeFi) of the virtual world at the end of November reached a record high of $ 4.6 billion. Earlier, the head of business development at Chainlink Labs, William Herkelrath, believes that DeFI will interact with the real world through the metaverse. FTX CEO Sam Bankman-Fried said transactions on DeFi platforms carry big risks for institutional investors. For them to come to these sites, they need to be adapted in terms of safety and regulation.

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