Live from "DeFi Singularity Night": Insights into the Major DeFi Trends — Is Bitcoin L2 a Slow Giant? Where’s the Next Breakout?
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Live from "DeFi Singularity Night": Insights into the Major DeFi Trends — Is Bitcoin L2 a Slow Giant? Where’s the Next Breakout?
This event jointly explored important DeFi topics including scalability, security, and how to enhance user adoption.
Navigating Web3 tides with focused insights
The most anticipated DeFi event of 2024, "DeFi Singularity Night," officially kicked off this Monday (the 22nd) at Tempo X, Taipei’s blockchain startup accelerator.
This event was co-hosted by Dyson Finance—the fastest-growing decentralized exchange on Polygon zkEVM and Linea, Prisma Finance—the dark horse in the LSDfi sector with $470 million in TVL, and BlockTempo.
The venue brought together leaders from multiple DeFi projects, protocol developers, and KOLs to discuss critical topics in decentralized finance such as scalability, security, and user adoption, creating an evening filled with intellectual exchange and camaraderie.
Chen Pin, Core Contributor at Dyson Finance:
It's been a while since we last held an offline event. From two years ago until now, I'm happy to see many good friends who have persevered through tough times.
On behalf of Dyson, I took this opportunity to reconnect with everyone. As the market warms up, the focus within DeFi continues to evolve. Besides myself, I’ve invited some close friends to share the latest trends and popular narratives in DeFi today...
Mike, Head of TempoX Accelerator:
We founded TempoX because we noticed that Taiwan’s Web3 ecosystem has long struggled with inefficient access to international funding, talent acquisition, and a clear operational strategy for building a robust Web3 environment.
We aim to leverage BlockTempo’s accumulated strength over the years and consolidate it within TempoX—not only providing a physical space for startups to connect but also offering essential technical, financial, and market support to help Taiwanese talent go global.
Anton, Solidity Developer at Lyra Finance｜Location: Blockchain Startup Accelerator Tempo X
Highlights from the Panel Discussion
During the panel session, JZ, founder of JZ Invest—a well-known figure in the community for sharing market research and alpha opportunities—moderated a deep dive into the current state and future of DeFi alongside Chen Pin from Dyson Finance, Anton from Lyra Finance, and Dr. Chen Changwu, Chief Scientist at imToken.
Left to right: JZ, Chen Changwu, Anton, Chen Pin｜Photo taken at blockchain startup accelerator Tempo X
Unlike traditional lending or swapping, the current dominant narrative in DeFi centers around staking and restaking. What are your thoughts on this trend?
Chen Pin: While restaking unlocks more liquidity for users, the more people stake, the greater the potential negative impact on token supply—if you believe in deflationary narratives. It's akin to taking out a second mortgage on a house or car that's already financed; risk management becomes crucial.
Chen Changwu: Staking is a common financial feature used by users in decentralized wallets, but current DeFi applications remain too complex for average users. In the future, simplifying UI/UX will be key—and wallets should offer more intuitive and accessible financial products.
What do you think about the recent boom in Bitcoin inscriptions?
Anton: By the time you notice a new project trend, you may have already missed the early opportunity. Crypto sees new themes emerge regularly. If you focus on building solid fundamentals, you won’t need to worry about missing out on wealth-generating opportunities.
Chen Pin: I think it’s easy to get distracted. Which matters more—focus or chasing quick profits? As a developer, I’d suggest spending 80% of your time on core work and only 20% exploring meme coins or low-cap projects.
Chen Changwu pointed out an interesting phenomenon regarding inscriptions: Bitcoin block rewards are expected to end by 2140, after which network security will rely on transaction fees. During peak inscription activity, fee revenue surpassed mining rewards multiple times—this could serve as a valuable case study for the future sustainability of Bitcoin’s incentive model.
What are your views on Bitcoin Layer 2 solutions, and what will drive the next wave of mass blockchain adoption?
Anton: Take the Lightning Network as an example—it’s progressed relatively slowly.
Bitcoin developers are like graduate students writing theses—thorough and deliberate before releasing anything. Ethereum, on the other hand, follows a “build first, refine later” approach. Still, Bitcoin has come a long way and remains strong.
Anton also noted that transitioning from Web2 to Web3 requires overcoming high transaction fees as a major barrier to mass adoption. He explained:
Back in 2018, I believed NFT ticketing had huge potential. But take concert tickets, for example—issuing one involves serial numbers, issuers, insurers, etc., making the minting cost exceed 50 RMB per NFT. That’s too costly for issuers. Only when costs drop significantly will we see broader real-world applications.
Event Organizers – DeFi Singularity Night
Dyson Finance
Dyson Finance is among the first protocols to receive the Polygon zkBuilder Grant and is currently the fastest-growing DEX on both Polygon zkEVM and Linea. With its innovative dual-token on-chain wealth management system and dynamic AMM design, Dyson offers retail investors more predictable and higher-yield liquidity opportunities than other DEXs.
Prisma Finance
Since launching in November 2023, Prisma has grown into the third-largest CDP protocol on Ethereum, behind only Liquity, with over $480 million in TVL and supporting 155 million mkUSD (Prisma’s native stablecoin).
BlockTempo
BlockTempo is the most influential comprehensive blockchain media platform in the Chinese-speaking world. In December last year, it launched TempoX—the first innovation brand in Taiwan combining a “Web3 startup accelerator × shared workspace.” To date, it has hosted a series of notable events, including the Plurality Seminar attended by Vitalik Buterin and Ton Taipei Meetup, uniting and energizing Taiwan’s blockchain community.
Media Partners: TechFlow, Blockbeats, Lianbushou, Foresight, Jinse Finance, PA News, Coin68, Tokenpost, Bitcoin Addict
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