1inch Publishes reDeFine Money, Chronicling DeFi’s Evolution Through Insights From 25 Industry Pioneers

Decentralized finance platform 1inch has announced the publication of reDeFine Money, a book that documents the development of the DeFi sector through the experiences and perspectives of 25 founders, investors, developers, and industry builders. 

According to the company, the publication is the first comprehensive account dedicated to tracing the evolution of DeFi, from its early experimental phase to its emergence as a significant segment of the global financial landscape.

“DeFi’s rise is one of the most impressive and captivating in business history. Yet, many of its most dramatic stories are only known with a small group of people, but it’s time to share them more widely as the industry grows,” said Sergej Kunz, co-founder of 1inch, in a written statement. “This book tells the story of how DeFi came to be, including the people involved, the ideas behind it, the times it failed, and the times it worked. The industry is about to change completely. It is about to revolutionise TradFi, so what better time to tell the story,” he added.

The release comes at a time when the digital asset industry is undergoing a period of transformation. As regulatory frameworks such as the CLARITY Act in the United States and the Markets in Crypto-Assets (MiCA) regulation in Europe continue to shape the sector, institutional participation in blockchain-based finance has increased alongside the growing adoption of tokenized real-world assets. Against this backdrop, the book seeks to provide historical context for the industry’s development and examine the factors that have contributed to its growth and resilience.

From DeFi Summer to Institutional Adoption: Charting the Industry’s Evolution and Future Direction

According to 1inch, reDeFine Money explores the trajectory of DeFi from its formative years, when projects were largely driven by small groups of developers and entrepreneurs, to its current position as a global ecosystem handling billions of dollars in daily transaction volume. The publication revisits several defining moments in the industry’s history, including the rapid expansion known as “DeFi Summer,” as well as market disruptions linked to the collapses of LUNA and FTX. It also examines how participants responded to these challenges and the lessons that emerged from periods of volatility and uncertainty.

Beyond documenting past events, the book looks ahead to potential developments within the sector. Topics covered include the increasing involvement of institutional investors, the growing convergence between decentralized finance and traditional financial services, and the role blockchain-based infrastructure could play in the future evolution of global capital markets.

Written by 1inch editor-in-chief Vladimir Kozlov, the publication features contributions from several prominent figures associated with the DeFi ecosystem. Among those participating are Sergej Kunz of 1inch, Stani Kulechov of Aave, Rune Christensen of MakerDAO, Michael Egorov of Curve, Kain Warwick of Synthetix and Infinex, and Haseeb Qureshi of Dragonfly. Additional perspectives are provided by representatives from organizations including PancakeSwap, SushiSwap, Balancer, Yearn, Dune, Trust Wallet, Flashbots, Kyber Network, Trader Joe, Wirex, Flow Traders, Axelar, ETHGlobal, deBridge, and RockawayX.

In line with the open-source principles commonly associated with DeFi, 1inch said the digital edition of reDeFine Money will be made available free of charge through its website. The company also plans to distribute a limited number of hardcover editions through selected industry events, conferences, community initiatives, and competitions.

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