Novozhenov argues that despite lingering governance, security and regulatory hurdles that have shuttered several protocols, DeFi remains resilient. DeFi protocol ZeroLend’s decision to shut down after three years in February, citing thin margins, hacks and inactive chains, landed with a tone the market now recognizes. Another reminder that the industry’s early optimism has given way to a far more demanding reality. Zeroland isn’t alone. Several DeFi protocols and adjacent crypto platforms have…
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