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TechFlow news, on August 13, Arthur Cheong, founder and CEO of DeFiance Capital, posted on X stating that despite DeFi being the sector within crypto with the strongest product-market fit, its market capitalization relative to the global crypto market has fallen to a three-year low. Cheong expects that with the arrival of a new interest rate cycle, the DeFi market will bottom out and stage a strong rebound in the coming months.
Arthur Cheong, founder and CEO of DeFiance Capital, posted on X stating that despite DeFi being the sector within crypto with the strongest product-market fit, its market capitalization relative to the global crypto market has fallen to a three-year low. Cheong expects that as a new interest rate cycle begins, the DeFi market will bottom out and stage a strong comeback in the coming months.
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