KyberSwap CEO Predicts DeFi Will Overtake TradeFi In 10 Years

Victor Tran, CEO of KyberSwap, forecasted that Decentralized Finance (DeFi) would surpass Traditional Finance (TradeFi) in ten years at Token2049, an event attended by more than 7000 industry leaders, institutional investors, and regulators. In addition, KyberSwap would be the most popular Decentralized Exchange (DEX) due to its inherent capacity to offer the highest rates.

DeFi To Overtake TradeFi In 10 Years

Along with the co-founders of 1inch Network and MANTRA, Victor Tran made the following statement during the panel discussion Decentralized Exchanges — The Road Ahead:

«Consumers in the future will prefer privacy and control, especially considering happenings across the world today. It is essential to provide stability to users as they are still dealing with the massive volatility and blowout in the markets with the downturn as well as several security issues like hacks in the market with lots of losses.»

As Victor pointed out, KyberSwap has focused on offering solid DeFi revenue opportunities throughout the bear market, with significant liquidity mining campaigns with chain partners and project partners like Polygon Chain, Avalanche Network, Lido Finance, and QiDao. KyberSwap noted that it would continue to build the DeFi space to the point where using a decentralized exchange and services would be «as simple as using a digital banking app.» Its greater use would draw a new generation of users and the unbanked to cryptocurrency, benefiting the enormous and rapidly growing tech-savvy populations of Asia, Latin America, Africa, and other parts of the world. Victor predicts that, in ten years, DeFi would overtake Traditional Finance (TradeFi) as the dominant force in the financial sector. He adds that institutions would take part in DeFi more frequently. According to KyberSwap, as a DEX aggregator, it offers customers the «best swap rates» across 12 chains, making DeFi «simple, available, secure, and rewarding» for all users worldwide.

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