Former Messari Head of Product and well known crypto trader Qiao Wang believes the nascent DeFi sector has enormous growth potential.
DeFi has been on a tear this year, with the total value locked growing from under $1 billion to just under $8 billion today. Since the beginning of 2020, TVL across all DeFi platforms in dollar terms has increased over 1000% and it does not look like slowing down anytime soon.
Wang compared this year’s DeFi boom to pre-2013 Bitcoin and pre-2015 Ethereum which, he stated, were “once-in-a-lifetime asymmetric bets.”
From an investment point of view, BTC pre-2013 and ETH pre-2015 were once-in-a-lifetime asymmetric bets. DeFi pre-2021 is once-in-a-decade IMO (until proven wrong). If you’ve missed the first two don’t miss the latter.
— Qiao Wang (@QwQiao) September 9, 2020
It’s a markedly different stance to Messari founder Ryan Selkis who earlier today asserted that DeFi is a bubble that is destined to pop soon. He attributed