The Cost Advantage of DeFi

At Dutch Blockchain Week in Amsterdam, 1inch co-founder Anton Bukov emphasized the nearly zero-cost onboarding offered by DeFi. Unlike traditional banks spending $100–$300 per user, and digital banks spending $20–$30, DeFi platforms require nothing more than a smartphone and internet.

“Onboarding to DeFi literally costs zero,” Bukov stated. “No documents, no branches—just connect and transact.”

This model, according to Bukov, positions DeFi to reach the 1.4 billion unbanked who are left behind by high traditional banking costs.

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DeFi’s True Power: Access to Global Liquidity

Beyond inclusion, Bukov highlights DeFi’s real edge: access to global liquidity. With assets like BTC, ETH, and stablecoins such as USDT, users can now engage in worldwide economic activity without needing a bank.

“You can just get a phone, internet, and exchange your chicken for USDT,” Bukov remarked, showcasing how seamlessly DeFi integrates people into the global economy.

He added that countries aligning with crypto regulations will benefit most from this growing digital liquidity zone. As Bukov put it: “The more countries trade, the more they succeed. Crypto works the same way.”

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