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Maple Finance CEO Claims Traditional DeFi Is Dead, Predicts Rise of Institutional Onchain Financial Markets

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Maple Finance CEO Sidney Powell said traditional DeFi is dead, with onchain capital markets set to dominate. He said institutions are shifting trading, clearing, and settlement to blockchains, reducing reliance on Wall Street. Powell noted that early DeFi, focused on speculation and lending, will give way to institutional-grade onchain systems. He expects future capital market activity to occur directly on public or permissioned blockchains, cutting out traditional brokers. As trading volume grows, onchain markets could reshape the financial landscape. The fear and greed index may reflect this shift as institutional adoption accelerates.
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