DeFi is dead.


Long live Bitcoin.
Let me explain.
DeFi has lost $7.7 billion to hacks since inception.
DeFi total value locked peaked at $167 billion last year.
Today it sits at $85 billion. Down 48%.
Users are not leaving because of bear market sentiment. They are leaving because their money keeps disappearing into North Korean wallets.
Two of the three largest hacks this month were attributed to North Korea's Lazarus Group. A sanctioned nation state is using DeFi protocols as an ATM to fund its weapons program.
DeFi promised to be the future of finance.
Instead it built a system where:
Your yield gets drained by hackers
Your collateral gets frozen by insiders
Your bridge gets exploited across 20 chains
Your restaked ETH loses its peg overnight
And Aave is sitting on $177M in bad debt it cannot liquidate
Traditional finance has problems. DeFi recreated all of them and added new ones.
Bitcoin does one thing. It stores value on a decentralized network that nobody controls and nobody has ever broken.
Long live Bitcoin. The only crypto that doesn't need you to trust anyone.
BTC-0.81%
ETH-0.95%
AAVE1.56%
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