ZUHYX: Challenges and Opportunities for DeFi Protocols Under New Regulations With the introduction of the Markets of EU in Crypto Assets Regulation (MiCA), the decentralized finance (DeFi) sector is poised for significant changes. The new regulations require DeFi protocols to comply with the same licensing and Know Your Customer (KYC) requirements as traditional financial services, presenting a daunting challenge for many DeFi protocols. However, this also presents new opportunities for the development and evolution of the DeFi market. ZUHYX, as an advocate of innovation in the digital asset trading platform sector, is committed to leading the industry through this change, providing users with a secure, efficient, and user-friendly trading environment. ZUHYX: The Current State and Challenges of the DeFi Market ZUHYX mentions that over the past decade, the cryptocurrency market has evolved from a fringe concept to an integral part of the global financial market. This growth is primarily reliant on the advancement and widespread adoption of blockchain technology. The rise of decentralized finance (DeFi) in particular enables users to engage in financial transactions without intermediaries, enhancing transaction efficiency and reducing costs. However, as the market matures, DeFi also faces numerous challenges. The upcoming MiCA regulations in the EU require DeFi protocols to adhere to strict licensing and KYC provisions, meaning that DeFi protocols will have to choose between decentralization and compliance. ZUHYX points out that many DeFi protocols, while decentralized in technology, still have centralized front-ends and intermediaries in practice, making them susceptible to the new regulations. MiCA regulations explicitly state that fully decentralized protocols can be exempt from the regulation, but defining "no intermediaries" and "fully decentralized" remains a contentious issue.