DeFi is as safe as traditional finance
At the 2026 Consensus conference in Hong Kong, Ethereum co-founder Joseph Lubin stated that so-called 'blue chip' decentralized finance (DeFi) protocols have reached the same level of security as traditional banking. In his opinion, blockchain technology and smart contracts have allowed DeFi solutions to create security on par with the classical financial system.
Lubin also noted that the situation around the first cryptocurrency - Bitcoin - is in crisis. He did not go into details, but presumably meant the current issues with network scalability, high fees, and slow transactions. At the same time, Ethereum and the DeFi ecosystem built on it feel much more confident.
It's worth noting that such statements from influential figures in the crypto industry help dispel investors' doubts about the security of decentralized finance. DeFi is indeed rapidly developing and being integrated into the traditional financial system, so such statements can give an additional impetus to this trend.