Decentralized finance (Defi) is changing from a campus market in the financial industry to something that traditional finance (TradFi) is trying to integrate.

In an interview with Cointelegraph at the Davos Forum (WEF) in Davos, Switzerland, Ava Labs co-founder and CEO Emin Gun Sirer mentioned Defi's personas in the TradFi ecosystem and users' expectations that they would be at the heart of the stage in the near future.

Hill notes that the effect of Defi is not to attack TradFi or become an enemy of TradFi, but to fill it, at least in the beginning.

The co-founder of AVA Labs notes that Defi can give people what TradFi cannot provide, especially at the browsing level of democracy-building on financial services and platforms.

Hill is confident that the two companies will come together. However, this is also a development trend of psychological state in the field of Defi, because the first generation of Defi system brings the alternative to TradFi.

According to Sirer, this is mainly because the two financial worlds initially had different values and are now working together.

"now TradFi knows, yes, that [Defi] has the clarity that everyone has shouted, and [they] can test the security of their system because the system they create has a financial audit level, and I can't do it."

A recent statement from a management of Ripple also revealed the expectation of a large number of TradFi choices in 2023. That is also the phenomenon that professionals have been concerned about the acquisition of data encryption companies by large-scale traditional enterprises in the field of TradFi.

At the Defi level, Sirer shows that those who will become insights will become the transmission chain that digests and absorbs this kind of continuous growth.

Despite promising predictions for a Defi-TradFi merger, the sector has had a tumultuous year. The Defi project has the largest number of attacks and applications in 2022 and is expected to increase in 2023.

After the outbreak of the FTX scandal, many people outside the field are increasingly suspicious of the contribution of decentralized financial technical performance.

Mr Hill suggests that after the FTX, everyone needs to be reminded that the industry will continue to exist, as will the new asset class.

Most people devote their career development to the scientific concept of development in the field of blockchain technology. We have implemented all the necessary processes to solve the scalability problem, the renovation problem, and the compliance problem faced by the interior space.

Defi has even reimagined it from an organizational point of view, benefiting large companies in popular fields, including TradFi financial institutions.