Distribution as a Moat: Securing DeFi’s Next Chapter

This report examines that it definitely develops from fragile, casino dynamics in infrastructure shaped by the benefits of distribution. Analyzes the risks of user addiction and users who can be aroused, compares the definitions of a weaker brand with Fintech’s regulatory protection and emphasizes a new edge of composality of smart contracts. Case studies on morpho -choinbazi and phantom -hyperliquid show that the integration of wallets and exchange are transformed, while the increase in tokenized treasuries spreads new distribution channels.