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The article critiques traditional finance (TradFi) institutions as they attempt to adopt blockchain technology. It argues that their embrace of crypto is driven by a desire to maintain control and profit, rather than genuine innovation, ultimately threatening the success of decentralized finance.
Sonic Labs has successfully passed a proposal to expand its operations into traditional finance (TradFi), aiming to integrate blockchain technology with conventional financial services. This move is part of their strategy to enhance their offerings and tap into new markets within the finance sector.