“I’m not a Bitcoin maximalist. I’m a network pluralist.”
“Just now we are starting to see within DeFi (decentralized finance) models, the aggregation of revenues and redistribution through governance tokens to shareholders and therefore actually having future cashflows.”
“If we look at what token proliferation looks like today, the vast majority of these assets in the market are not cryptocurrencies as we posited. They are in fact network tokens for protocols or DeFi products. They are wrapper tokens that represent interests in liquidity pools in lending.”
“We are in the middle of an event where DEXes (decentralized exchanges) are coming onto the market at rapid speed and really innovating on what liquidity looks like…… To give you a sense, the blockchain space has $50B of daily exchange liquidity. About two weeks ago, all the DEXes and AMMs (automated market makers) combined was about $80M a day so a huge space to grow. Today it’s more like $160M so liquidity doubled in just two weeks due to interest in DeFi.”
Video link: https://youtu.be/_yXezphXLio
Source: https://blog.coinfund.io/jake-brukhman-ceo-of-coinfund-speaks-on-why-token-proliferation-is-one-of-the-biggest-94c62715ade?source=rss----f5f136d48fc3---4
