Arthur Cheong, CEO of DeFiance Capital, has expressed his belief that the decentralized finance (DeFi) sector is outperforming all other sectors in meeting market demands. In a recent interview with Alex Thorn from Galaxy Digital, Cheong stated that DeFi has the “biggest product-market fit” within the crypto industry.
Cheong acknowledged that there had been disillusionment in the past due to hacks and unsustainable metrics once incentives ran out. However, he highlighted that certain protocols have been able to maintain momentum and recover from previous all-time highs, even after incentives ended. As a result, DeFiance Capital initially focused on DeFi but reduced exposure when it became over-valued. They have since broadened their investment scope but have recognized that DeFi has become investable and interesting again, as the industry matures and learns from past mistakes.
Furthermore, Cheong believes that DeFi is now at a stage where development and innovation can significantly advance the sector. He emphasized that, in its early stages, many things didn’t work and it was unclear what would succeed. However, he believes that the industry is now ready to reach the next level of growth.
In conclusion, Cheong’s positive outlook on DeFi reflects his confidence in its ability to meet market demands and its potential for future growth and development.
