JUST IN: The DeFi Shakeout Is a Stress Test, Not a Death Sentence

Novozhenov argues that, despite persistent hurdles in governance, security, and regulation which have led to the closure of several protocols DeFi remains resilient.
The decision by the DeFi protocol ZeroLend to shut down in February after three years citing shrinking margins, hacks, and inactive chains was delivered in a tone that the market now recognizes. It serves as yet another reminder that the industry's initial optimism has given way to a much more demanding reality.