2020 Open Finance Development Report: Examining the Current State and Future of the DeFi Industry

Analyzing the conditions that enabled DeFi's rapid growth, the bottlenecks restricting continued development, predicting the industry's future evolution direction, and discovering new opportunities. In the blockchain and cryptocurrency industry of 2020, although there were notable milestone events such as Bitcoin halving, institutional large-scale entry, Filecoin mainnet launch, and Ethereum entering 2.0, the most innovative and explosive field was DeFi (Decentralized Finance, or Open Finance).