DeFi TVL hit new highs in 2025 but stalled near 2021 levels, signaling crypto-native demand is capped. The next growth wave hinges on retail adoption via simple yield products, stablecoins, RWAs, and fintech-style UX that can onboard everyday users at scale.

DeFi TVL hit new highs in 2025 but stalled near 2021 levels, signaling crypto-native demand is capped. The next growth wave hinges on retail adoption via simple yield products, stablecoins, RWAs, and fintech-style UX that can onboard everyday users at scale.
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