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Despite billions in onchain TVL and major advances in wallets, interoperability, and blockchain performance, DeFi has barely begun to reach its addressable user base. CEXs, by contrast, are rapidly growing their users and assets — and not because they are better, but because they are more convenient.
Apps like Infinex, Defi App, and Definitive hint at what a more seamless onchain experience could look like. Cheaper fees, smaller spreads, access to more assets and yields, etc.
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