It’s pretty clear the wider DeFi + perps landscape is still massively under-penetrated with so much room for innovative development.
DeFi TVL today sits at $155B, just 76.9% of the 2021 cycle ATH of $202B.
Even with strong adoption tailwinds, perp DEXs still account for only ~20% of CEX volume, which shows how much room there is for deeper market capture.
@DWFLabs just launched a $75M DeFi fund aimed at core pillars of the financial stack:
🔹Money markets
🔹Perp DEXs
🔹Yield-based protocols
In many ways, this accelerates the maturity of the DeFi financial layers (M1, M2), esp. now that M0 capital inflows are strengthening with institutional adoption + regulatory clarity improving globally.
The initiative will primarily support the largest steady-state ecosystems @ethereum @solana @BNBCHAIN @base focusing on builders addressing liq. fragmentation + risk inefficiencies.
These are key bottlenecks that are impeding the space from further adoption growth.
And imo, this timing is pretty good considering how markets aren’t at peak euphoria yet which means growth can be fundamentally driven by proper adoption dynamics.
If you look back historically, many of the most resilient, high-conviction protocols i.e. the ones with true market fit were built in the bear or during choppy markets.
Looking forward to the new batch of innovations coming from this 🫡
4.04K
48
The content on this page is provided by third parties. Unless otherwise stated, OKX is not the author of the cited article(s) and does not claim any copyright in the materials. The content is provided for informational purposes only and does not represent the views of OKX. It is not intended to be an endorsement of any kind and should not be considered investment advice or a solicitation to buy or sell digital assets. To the extent generative AI is utilized to provide summaries or other information, such AI generated content may be inaccurate or inconsistent. Please read the linked article for more details and information. OKX is not responsible for content hosted on third party sites. Digital asset holdings, including stablecoins and NFTs, involve a high degree of risk and can fluctuate greatly. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition.