Andre Cronje says DeFi is becoming finance

• Andre Cronje said decentralised finance is evolving into broader onchain finance.
• He argued that traditional financial functions are increasingly moving onto blockchain networks.
• The comments reflect a broader shift in how the crypto industry describes blockchain-based financial services.

Developer Andre Cronje said decentralised finance is evolving into broader onchain finance as blockchain-based financial services become more integrated.

He argued that many blockchain applications now resemble traditional financial services operating on public networks.

Cronje said the term “DeFi” no longer fully describes the current state of blockchain-based finance.

He said lending, trading, payments and other financial activities are increasingly being built on blockchain infrastructure.

Cronje also said the distinction between traditional finance and blockchain-based finance is becoming less clear.

His comments come as more institutions explore tokenisation, stablecoins and blockchain-based financial infrastructure.

The debate highlights growing discussion about how blockchain technology is being used across financial markets and digital asset services.