European Securities and Markets Authority: Due to the relatively small scale of DeFi, it does not pose a significant risk to overall financial stability
ChainCatcher news, according to a report by Cointelegraph, a research report released by the European Securities and Markets Authority (ESMA) states that "currently, the cryptocurrency market, including DeFi, does not pose a significant risk to financial stability, mainly due to its relatively small size and the limited channels of contagion between crypto and traditional financial markets."
ESMA also investigated several major events in 2022, including the collapse of the Terra ecosystem and FTX, and noted that this crypto "Lehman moment" has still not had a significant impact on traditional markets.
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