Onchain Student Loans Could Supercharge DeFi: Yat Siu Predicts Massive Growth

Yat Siu, chairman of Animoca Brands, predicts a significant boost for the decentralized finance (DeFi) industry through on-chain student loan implementation. According to Siu, moving just 10% of the $3 trillion global student loan market onto a blockchain could increase DeFi’s total value locked (TVL) by over four times. This optimistic outlook stems from the potential of Web3 technologies to drive mainstream crypto adoption.