With the rapid development of DeFAI, we may be standing at the starting point of a new bull market.
Author: Diego - DeFAI Maxi
Translation: Deep Tide TechFlow
The design of blockchain is not centered around user-friendliness, and interacting with it remains challenging. However, looking back at history, the early internet faced similar issues.
Before the emergence of Google and other search engines, users had to manually enter URLs to find websites. This method was extremely complex, leading to the internet being used only by a small number of tech geeks for a long time.
It wasn't until the advent of search engines, which simplified the complexity of the internet through natural language interaction, that the internet truly entered the lives of the general public.
With the popularization of the internet, Google also became one of the most valuable companies in the world.
1. The Early Dilemma of DeFi
Current decentralized finance (DeFi) is at a stage similar to the early internet.
The interaction threshold with DeFi is high—users need external Web3 wallets and must manually search for decentralized applications (dApps), yield opportunities, and lower loan rates.
This complexity and fragmented user experience clearly limit the widespread adoption of DeFi.
If we could abstract away these technical complexities through natural language interaction, allowing users to explore DeFi as simply as using a search engine, could this technology truly benefit everyone?
In the early 1990s, the potential of the internet was widely recognized, but poor user experience limited its development. The emergence of Google changed this situation.
Today, the potential of DeFi and blockchain is equally significant, but the lack of user experience is becoming the biggest obstacle to their popularization. AI and DeFAI (AI-based DeFi solutions) may become the "Google" of this field, driving the adoption of DeFi.
2. Abstraction is the Key to Popularization
Whether it is the internet revolution or the recent widespread adoption of AI, their success hinges on one core principle: achieving "abstraction" of complex technologies through natural language interaction.
Google simplified the complexity of the internet through its search engine.
ChatGPT lowered the usage threshold of AI through natural language generation technology.
The popularization of the internet and AI did not happen overnight. Before large-scale applications, these technologies often underwent a long backend infrastructure development phase. For example, the foundational research and development of the internet began in the 1960s and saw large-scale application in the 1990s; while the real breakthroughs in AI occurred in the 2010s, driven by the rise of deep learning and large language models.
The starting point of DeFi can be traced back to the launch of @ethereum in 2015, and the "DeFi summer" of 2020 was another important milestone.
After nearly a decade of development, the backend technology of DeFi has become relatively mature, but we still lack a method to abstract these technologies, making them more user-friendly for the average user.
- DeFAI = The Google of DeFi ---------------------
Achieving abstraction through natural language is the key to driving widespread adoption, and this is the core goal of DeFAI.
The main product of DeFAI is chat co-pilots, where users only need to input simple commands, such as "exchange 1000 USDC for ETH on Optimism," to complete the operation.
Traditional DeFi models require users to visit dApps one by one, manage mnemonic phrases, and assess platform security, while this new model simplifies these processes through an abstraction layer.
This abstraction layer is akin to Google, helping users complete tasks and recommending optimal options, making DeFi more user-friendly.
Here are the most advanced DeFAI chat co-pilots currently available
- @HeyAnonAI – The ChatGPT of the crypto space
Hey Anon is one of the earliest projects exploring DeFAI and the application of abstraction layers. Their chat co-pilot will officially launch on February 7 (Friday)!
Users can input their needs via text, and Hey Anon will provide the best solutions. Notably, this product is completely free and open-source.
- @modenetwork – Interface Layer
Mode is a Layer 2 blockchain focused on the DeFAI field, dedicated to providing an optimized blockchain architecture for AI agents and AI integration.
One of its core products is the chat co-pilot "Interface Layer," where users can complete transaction operations on Mode L2 simply through text commands.
Compared to traditional front-end interfaces, Mode proposes a new interaction method that significantly enhances the usability of blockchain.
- @orbitcryptoai – Co-pilot Everywhere
Just as there were multiple competitors in the internet search engine space, the DeFAI field is also filled with competition due to its vast potential.
Orbit is at the forefront in terms of technology stack, with its chat co-pilot already able to interact with over 200 protocols across more than 100 chains.
Currently, Orbit's product is one of the most comprehensive solutions in this field and is worth keeping an eye on.
- @Cod3xOrg – Agentic Interface
In my opinion, Cod3x is one of the most anticipated projects currently. They not only focus on building chat co-pilots but also aim to develop comprehensive solutions covering multiple domains.
Whether it's portfolio management or the creation of AI agents, Cod3x's goal is to fundamentally change the way we interact with smart contracts and blockchains.
Currently, Cod3x is still in a closed testing phase. If you're interested, you can join their Discord community to watch live demonstrations and get the latest development updates.
- @askthehive_ai – A chat co-pilot focused on trading
The Hive is the last DeFAI chat co-pilot we are analyzing today, notable for its focus on the trading domain.
It introduces the concept of "Smart Trading," a new trading method relying on AI technology.
Through The Hive, traders no longer need to analyze complex data such as charts, news, or order books, but can rely on the co-pilot to optimize trading decisions, achieving more efficient market profits.
The Future Potential of DeFAI
I would like to conclude this article by sharing my optimistic outlook on DeFAI.
DeFi, smart contracts, and blockchain are disruptive technologies that will profoundly change the way we manage funds and assets.
However, the current complexity and risks of DeFi still limit its popularization, preventing it from becoming a technology accessible to everyone. The goals of DeFAI are very clear:
Simplify the usage threshold of DeFi, allowing ordinary users to easily participate and popularizing the technological achievements accumulated over the past decade.
Enhance the security of DeFi, establishing user trust in co-pilots through technological means while protecting users from fraud risks.
I believe that with the rapid development of DeFAI, we may be standing at the starting point of a new bull market.
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