DeFi's Future: Onchain Markets Swallow Wall Street
Update: 2025-12-22
Description
Maple Finance CEO Sid Powell predicts a future where onchain markets dominate, with DeFi and traditional finance indistinguishable. He foresees a DeFi market cap of one trillion dollars, driven by tokenized private credit, and stablecoin payments surging to fifty trillion dollars. This shift is already gaining traction, with small businesses and neobanks embracing stablecoins to avoid card fees. Powell anticipates a high-profile onchain credit default and new structures like Bitcoin-backed mortgages. Sovereign wealth funds and pension managers will hold most of this onchain paper, treating blockchains as everyday infrastructure.
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