#去中心化金融体系 Seeing the data that HumidiFi is generating on Solana, the shadow of the 2017 wave flashes through my mind.

I still remember that back then, the most discussed topic was "Decentralized finance will disrupt Wall Street," but at that time, on-chain transactions were painfully slow, and fees were outrageously high, making it impossible to compete with centralized exchanges. I have seen countless projects shouting slogans but getting stuck at technical bottlenecks. But this time, it’s different.

A few basis points of price advantage may seem insignificant, but what does it really indicate? It shows that the infrastructure has truly matured. When retail traders can access tighter spreads on-chain than Binance, and can settle tens of thousands of trades at near-zero cost, this is no longer a proof of concept but a real business capability. The fact that it accounts for 60% of on-chain trading volume is even more critical—it means the market has spoken with its feet.

I have seen too many cases where "revolutionary narratives" eventually fade away. But the path of decentralized finance, from the DAO in 2015 to HumidiFi today, each iteration is solving the core issues that caused the previous failures. Reshaping retail finance is not just a slogan; it’s a natural outcome when technology finally can handle the complexity of finance.

The key is still ahead. This system has just begun, and the real test will come in the next cycle.