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Growth in cryptocurrency activities | Source: BIS

"At present, it is geared predominantly towards speculation, investing and arbitrage in crypto assets, rather than real-economy use cases," said the report.

"On balance, DeFi's main premise — reducing the rents that accrue to centralized intermediaries — seems yet to be realized."

Growth in cryptocurrency activities | Source: BIS

"At present, it is geared predominantly towards speculation, investing and arbitrage in crypto assets, rather than real-economy use cases," said the report.

"On balance, DeFi's main premise — reducing the rents that accrue to centralized intermediaries — seems yet to be realized."

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<1 min read·December 10, 2021

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