With many speculating the future of DeFi, given the rapid growth in the ecosystem, investment firm, Pantera Capital has
DeFi is where the growth is: Pantera Capital
Uniswap which has over $2 billion locked in, has had more volume on its platform than Coinbase, Krug added. He further said:
Dex are interesting, you know a year ago their percentage was really small and now it’s actually starting to become meaningful and real.
Moreover, even after the Sushiswap incident last month, which resulted in the total value locked in the DeFi economy crashing to a new low of $6.8 billion, nevertheless, defi TVL recovered by rising to $8.75 billion soon after. In fact, even trading volume which was previously “non-existent” as Krug puts it, now amounts to about $22 billion a month as seen in the image below:
Krug was joined by Pantera CEO Dan Morehead who said that digital asset prices were rising as the economy pumped in more fiat currency, with the ongoing pandemic. Morehead believed that in the next two or three years Pantera expected a “massive rally” in terms of crypto prices.