The banking experience is terrible, and TradFi may turn to on-chain.

Gate News bot message, July 1st, Aave Labs founder Stani Kulechov stated at the EthCC 2025 conference that Crypto Assets have the opportunity to attract TradFi participants, as they have started to follow non-TradFi technologies after being disappointed by banks.

Kulechov pointed out that due to poor banking experiences, a large amount of capital has flowed into the fintech sector, and fintech applications now occupy a significant market share. Aave Labs and other decentralized finance projects have been exploring how to integrate these utilities into more decentralized mediums.

He mentioned that over 60% of the population has some form of digital wallet, although it is not an on-chain wallet, it can facilitate certain transactions. The future challenge is how to scale these applications on-chain.

Kulechov believes that the tokenization of real-world assets represents a "trillion-dollar opportunity" for the interaction between the crypto industry and TradFi. He stated that assets such as real estate, government bonds, stocks, and corporate bonds can be handled more effectively in a transparent ledger and a more programmable environment.