Derek Aliya, CEO of Futureswap, believes that the cryptocurrency market is developing according to the laws of the traditional market, and gradually DеFi’s turnover will exceed the volume of spot trading many times over.
Derek Alia
writesthat the cryptocurrency market is gradually traversing the path that the traditional stock market had previously traveled. In his opinion, 2022 will be the heyday of the decentralized financial market. In his opinion, in the future, centralized corporate controllers of financial products and services will gradually be replaced by decentralized, open and trustless protocols.
Aliya is confident that as the cryptocurrency market develops, there is a trend that previously flourished in the traditional market, when derivatives trading volumes exceeded the once dominant spot asset trading volumes dozens of times. For example, only open interest in derivatives on US stock exchanges is about $ 600 trillion, which is 15 times more than the capitalization of companies included in the S & P500 index. The same process is now being observed in the cryptocurrency market, which is moving towards DeFi.
Unlike the traditional financial market, “DeFi is fun, easy and transparent.” In the blockchain, you can see and understand where the cash flows are moving, how the collateral is returned and how you can make money on it, without the control of brokers and regulators.
Recently, cryptocurrency analyst and author Alex Tapscott announced that the DeFi sector will grow to $ 1 trillion next year. As of last month’s DeFi Pulse, the dollar value of cryptoassets locked into DeFi protocols has begun to decline. This is the first time since the boom in decentralized financial systems began in the summer.
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