最新报道:Despite reaching a record $130 billion in total value locked, decentralized finance (DeFi) still struggles to regain its 2021–2022 momentum and attract significant institutional adoption. While Aave leads with over $68 billion TVL, followed by Morpho and JustLend, the sector remains dominated by retail and crypto-native players. Key barriers include cross-chain interoperability issues, smart contract vulnerabilities—evidenced by a 77% rise in hacks to $2 billion in 2025—and scalability limitations. JPMorgan notes slow institutional progress, emphasizing that DeFi must improve regulation, transparency, and reliability to align with traditional finance standards.