What's the Biggest Narrative Driving Growth in Defi?

The key regulatory risk is just some of these tokens being securities. If there are securities, then at least you have clarity on how they ought to be traded. And so 's really just the clarity, i think, on who controls and regulates the spot market. You know, i'm curious just what the big narratives you see driving sort of the next few years of growth in this indistry? Is obviously a hard question because things come out of nowhere.