2021 has been a tipping point in the evolution of Decentralized finance (DeFi), a disruptive blockchain-based financial services movement. From a mere $900 million at the start of 2020, the Total Value Locked (TVL) into DeFi has skyrocketed to over $100 billion, and for all the world looks to expand even further. Seeing this, it’s hard to deny that the pace at which DeFi has grown over the past few years has been breathtaking; but is the DeFi industry really that vast if we look at it in proportion to the economy? In a recent interview, Binance CEO Changpeng Zhao estimated that the rate of cryptocurrency adoption worldwide is less than 2%, which is hard to believe, given how prevalent crypto discussion has become in the media. But, as paltry as that figure seems, we also have to consider that the number of those who engage in DeFi activities must be substantially lower.