In 2022, the DeFi ecosystem now comprises of multiple simultaneous narratives and growth patterns. For starters, many of the world’s leading financial institutions making their first steps beyond building up tokens in CeFi exchanges. Consistent development has resulted in new lending, on-chain insurance, new AMM models, cross-chain asset deployments, and automated strategies. P2E games and NFTfi dapps are employing DeFi incentives to create compelling game experiences and economies.