2 Crypto Investors on Why They Believe DeFi Is Poised for a Bull Run - Ep. 719
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I think that a lot of the sins of the industry in the past 5 years are really over indexed on the continuity of all these dumb retail to buy asset at stupid and nonsensical valuation, and we are really feeling the the effect of when all these dumb retail have stopped, like, increasing and have just, like, all went away, and we get a more realistic asset valuation. Like, you know, layer 2 are no longer launching at 10, 15,000,000,000 valuation, they are launching at 2 or even less, and and I think that is positive for the industry.
Hi, everyone. Welcome to Unchained, your no hype resource for all things crypto. I'm your host, Laura Shin, author of The Cryptopians. I started covering crypto 9 years ago and as a senior editor at Forbes, was the 1st mainstream reporters to cover cryptocurrency full time. This is the October 15th, 2024 episode of Unchained. Mantel's Amith is now the 4th largest LST with $1,300,000,000 in TVL. AmETH offers holders cumulative incentives and airdrops in addition to native ETH POS Seals. This includes exclusive rewards like Igen and Cook. Check it out at meth.mantle.xyz/campaigns. Polkadot is th
to have it. Thank you. Yeah.
Thanks for having me here as well, Laura. So
just a quick disclosure before we jump in, Mantle is a sponsor of Unchained, but this is not a sponsored episode. So let's actually start with you, Arthur. You've been making this bull case for DeFi. So can you explain your thoughts on why you think DeFi is set up for a bull cycle? Yeah.
We're actually about to publish an article on this, but I will just summarize our view on this. I think it's been 4 years since DeFi summer, and one big changes is I think that the space collectively have really realized what worked in DeFi and what doesn't work. So if you look at the Gartner hype cycle of analogy, most technology went through different phases, like, they usually, people get very excited about them and then they are at the peak of the inflated expectation and then where this overhyped is start coming down to, like, the people start to get this illusion about them. But I think
Jordy, what about you?
I mean, Arthur Arthur has always been the the mega bullet of DeFi even last cycle, and I've I've always enjoyed, you know, hearing his takes. Obviously, like, DeFi is the is the big part of market fit. I think that's quite clear to anyone who uses crypto day in, day out. Like, it's it's mainly around financial assets. And then the next step is, like, how do you use those assets and how do you utilize them to the best of, you know, the efficiency, basically. So this will continue to happen. This cycle, I would say, we've had small baby steps on RWA as well. Obviously, it's not it's it's not hug
And so, you know, you, Arthur, in particular mentioned how the macro environment is going to be favorable. And in a recent episode, we did on bits and bips, they were saying things like everything is going to be going up soon and and stuff like that. But, you know, in that kind of environment where we're expecting all these different, you know, sectors to to go up, like, do you feel that DeFi is differentiated to, you know, have even more of a bull cycle or is it just riding the same way that everybody else is or, like and, you know, either one of you can answer this, but, you know, I was just
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