When evaluating the state of play in crypto infrastructure, Delphi’s Can Gurel and Ceteris ask the important question of why despite the inherent custodial risks, do CEXs continue to attract so much more capital than DeFi?
Reflecting on this question, they breakdown why current crypto infrastructure rails are immature across a number of fronts. They detail flaws, shortcomings and opportunities that lie within the 4 pillars of blockchain infrastructure.
