According to Odaily Planet Daily, JPMorgan analyst Nikolaos Panigirtzoglou stated in his latest research report that the growth rate of the DeFi and asset tokenization markets remains disappointing, noting that the recovery since the 2022 cryptocurrency winter has been slow. Currently, DeFi's total locked value (TVL) remains below its 2021 high. Most activity is still driven by crypto-native users and retail investors, and institutional adoption is still lagging. In the asset tokenization market, the scale of tokenized assets has reached $25 billion, the scale of tokenized bonds has reached $8 billion, and the adoption rate of money market funds is also increasing, but most projects remain small, illiquid, or in the experimental stage. (CoinDesk)