Maple Finance CEO: DeFi as a standalone category is dead, capital market activities will settle on-chain

Maple Finance CEO Sid Powell stated that as private credit moves on-chain, institutions will no longer distinguish between DeFi and TradFi, declaring that "DeFi as a standalone category is dead," and that all capital market activities will eventually be settled on blockchain. The tokenization of private credit, rather than tokenization of government bonds, will become the main growth engine for on-chain finance, and the market capitalization of DeFi is expected to reach 1 trillion dollars. Powell anticipates that a high-profile on-chain credit default will occur in 2026, and stablecoin payment volumes will surge to 50 trillion dollars.