According to BlockBeats, on October 19, Federal Reserve Board Governor Waller spoke at the Vienna Macroeconomics Seminar: Decentralized DeFi has attracted a lot of attention in the past few years and may have a profound impact on global financial market transactions.

Some believe that DeFi will replace traditional centralized finance, while others believe that it simply expands a part of traditional finance. Despite the efficiency gains that DeFi may bring, the value of traditional financial intermediaries and centralized financial markets remains significant.