How will DeFi affect banks?

As the world of decentralized finance, or DeFi, continues to grow and evolve, it begs the question: how will this emerging sector impact traditional banks? Will DeFi disrupt the established financial system, or will it coexist peacefully alongside traditional banking institutions? With DeFi offering lower fees, increased transparency, and new opportunities for financial innovation, will customers start to flock towards these decentralized platforms, leaving banks behind? Or will banks find ways to adapt and integrate DeFi technologies into their own services, creating a hybrid financial system? Only time will tell, but one thing is certain: the future of finance is being shaped by DeFi, and traditional banks must adapt to stay relevant in this rapidly changing landscape.