DeFi's Fragmentation Problem: Walled Gardens Replace Open Finance

The decentralized finance (DeFi) space has been criticized for becoming 'walled gardens' where users are locked in and unable to exit. Since its inception, DeFi promised a more open and accessible financial system, but it seems this promise has given way to fragmentation and isolation.

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The DeFi space has grown exponentially over the past few years, with many platforms and protocols being developed to cater to specific needs and use cases. However, this fragmentation has led to a situation where users are often locked into one ecosystem or another, making it difficult for them to exit or switch between platforms.