Ian boasts more than 10 tears of experience in marketing and advertising, having worked for top public, private, and third sector companies worldwide in industries such as cryptocurrency and blockchain, finance, government, and law.
DeFi has struggled immensely, with 75% of the capital fleeing the space from its peak in 2021 Yields have jumped in trad-fi & collapsed in DeFi, while scandals & tightening regulation have struck crypto Ian Petras, of DeFi aggregator Spool DAO, gives his thoughts on the space
The DeFi portion of the overall blockchain industry is here to stay, therefore what we are witnessing is a drop in TVL due to the overall bearish sentiment brought on by the drop in price of the dominating coins, namely Bitcoin and to some extent Ethereum.
This is neither unheard of nor particularly concerning as prolonged drops larger than 75% have happened several times in the past.