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Putting a cap on decentralization: How regulation impacts DeFi adoption
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Decentralized finance (DeFi) is shaping up to be one of the most important sectors within the blockchain industry. In just the last two years, DeFi's total value locked (TVL) — the total value of assets locked into various DeFi platforms — has steadily increased from $21 billion at the start of the year to over $100 billion today.
DeFi represents a wide range of financial products and services, including the all too popular decentralized exchanges (DEX). Despite the explosive growth of DeFi's
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