Arthur Cheong, CEO of DeFiance Capital, believes that a crypto sector serves the needs of a market much better than all other sectors.
In a new interview with Alex Thorn, executive at crypto financial services company Galaxy Digital, Cheong says decentralized finance (DeFi) continues to prove itself as the crypto sector with “the greatest product-market fit” .
“Over the last few years there has been a lot of disillusionment because there have been a lot of hacks and a lot of commercial uses and measures were not sustainable once the incentive ended. But we have seen some protocols able to maintain usage, momentum even after the incentive ends, and recover the most compared to the previous all-time high.
So we started as a DeFi-focused fund, and when DeFi was overvalued, we obviously reduced exposure.
We started to expand into other sectors. We are still paying attention to each sector, but we are also starting to think that after four years since DeFi summer, DeFi is becoming very investable and very interesting again. Because space is maturing. Everyone knows what doesn’t work. And what works works wonders.
He also believes that DeFi is at a stage where development and innovation could advance significantly in the field.
“We are at a point where we can mature and move to the next level, which every new technology and every exciting new product has to take. Because in the beginning, there were just a lot of things that didn’t work, and we didn’t know yet what worked and what didn’t work…
We are ready for DeFi to reach the next level of growth.
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