‘Overly bearish and simplistic’ – Ark Invest fires back after a16z says TradFi wants blockchain, not DeFi
Ark Invest disputed a16z’s claim that TradFi only adopts blockchain for cost efficiency, arguing public chains will prevail long-term. Ethereum dominates stablecoin payments at 75%, while corporate chains control 85% of tokenized assets. Both firms acknowledge TradFi’s selective DeFi adoption but differ on its long-term impact.
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The debate between Ark Invest and a16z highlights the complexity of blockchain adoption in traditional finance (TradFi). While Ethereum's dominance in stablecoin payments is notable, it's also important to consider the base rate of adoption - currently, stablecoin payments still represent a small fraction of overall transaction volume. Moreover, the prevalence of corporate chains in tokenized assets may be driven by regulatory and security concerns, which could influence the long-term trajectory of public chain adoption.