Crypto investor Dan Tapiero predicts massive growth for US-based decentralized finance (DeFi) in the digital assets space. Tapiero, the founder of multiple venture capital firms in the sector, believes that US-based DeFi has the potential to explode in size after being pushed outside the country due to regulatory issues. He notes that institutions are on the verge of realizing how small the DeFi world is compared to the broader financial markets.
According to Tapiero, DeFi was initially driven outside the US, with users resorting to centralized exchanges like Coinbase, Kraken, and Gemini to buy Bitcoin. However, with the convenience of platforms like Coinbase and Kraken, users can now easily transition into DeFi without the need for additional hardware like a Ledger or MetaMask. Tapiero suggests that institutional investors, who typically hold Bitcoin and Ethereum through ETFs, may start to explore the decentralized financial world and recognize its growth potential.
Tapiero highlights the relatively small size of DeFi in comparison to the total value of the cryptocurrency and equity markets, with a total value locked (TVL) in DeFi currently estimated at $100 billion. This represents just 2% of the approximately $4 trillion total value in the space. Tapiero emphasizes that the underutilization of assets in DeFi presents an opportunity for growth, indicating that the sector has the capacity to expand significantly in the coming years.
Total value locked (TVL) is a key metric in DeFi that measures the amount of assets staked or locked in a platform. As of the latest data, DeFi TVL stands at $136.232 billion. Tapiero’s insights suggest that the potential for growth in US-based DeFi is substantial, with institutions likely to explore and invest in the decentralized financial ecosystem. The adoption of DeFi by institutional investors could lead to a surge in its size and impact within the digital assets space.
To stay updated on developments in the digital assets space, subscribers can receive email alerts directly to their inbox. Additionally, interested individuals can follow relevant platforms on X, Facebook, and Telegram to access the latest news and insights. The growth prospects for US-based DeFi present an exciting opportunity for investors and market participants looking to capitalize on the potential expansion of the decentralized financial sector in the near future.
In conclusion, Dan Tapiero’s optimistic outlook on the growth potential of US-based decentralized finance (DeFi) within the digital assets space signals a significant opportunity for investors and institutions. With the sector poised for expansion and increased adoption, the underutilization of assets in DeFi presents a compelling case for growth in the coming years. By staying informed through email alerts and following relevant platforms on X, Facebook, and Telegram, individuals can track the latest developments and trends in the evolving DeFi landscape. As the total value locked (TVL) in DeFi continues to rise, the sector is primed for substantial growth and transformation within the broader financial markets.
