Morpho Retweets Insights on Gold’s Onchain Usage, Impact
Photo: Coinfomania
Morpho recently amplified a tweet originally by @SteakhouseFi, which discussed the vast potential of the gold market, estimated at around $30 trillion. The tweet noted that less than 0.1% of this gold is currently represented onchain, and a smaller fraction is utilized as collateral. This raises important questions about the integration of traditional assets like gold into decentralized finance (DeFi) practices, potentially reshaping lending frameworks in the crypto space. The broader crypto market is currently showcasing mixed signals, with various assets fluctuating in response to ongoing developments.
Source: Coinfomania
