Jun 16, 2026 3:55 PM

The ultimate irony of DeFi is that an industry built to make banks obsolete now measures its success by how eagerly those same banks adopt its plumbing. We’ve moved from "garage years" hackathons to celebrating JPMorgan and Citi piloting tokenized deposits. If the goal was to replace traditional finance, why are we so desperate for its validation and integration? Is DeFi actually transforming the financial system, or has it just become a complementary layer for the big banks?
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