No, DeFi Is Not a Repeat of the 2008 Disaster

Contemplate the story of DeFi over the previous two years. First, MakerDAO was the darling of the market, then Compound, then Aave, then Sushi Swap after which hybrid gaming/DeFi providers like Axie Infinity, all based inside months of their sudden surge to success. Evaluate that with the winners that emerged from the rubble of the mortgage disaster: JPMorgan Chase and Financial institution of America. They hint their roots again to 1799 and 1904, respectively.