Crypto Updates

Two Crypto Sectors Will Reward Those Who Pay Attention, Says DeFi Veteran Arthur Cheong

Two Crypto Sectors Will Reward Those Who Pay Attention, Says DeFi Veteran Arthur Cheong

Two crypto sectors are thriving despite tepid market conditions, according to venture capitalist Arthur Cheong.

Cheong, the founder of DeFiance Capital, tells his 147,500 Twitter followers that liquid staking and decentralized derivatives exchanges are worth paying attention to.

“There are two sectors in crypto that are still growing rapidly despite the slow market conditions. Those who pay close attention and are willing to take risks now will be well rewarded in the future.

Liquid staking: queue time to stake ETH is 40+ days now, demand to stake vastly exceed the supply Ethereum can offer.

Decentralized Derivatives Exchange: seeing some of the best DeFi teams building impressive products here. Still a $10-$15 billion annual revenue even in bear market.”

Cheong noted on Twitter last week that the ratio of decentralized exchange volumes relative to centralized exchanges is at an all-time high.

“Think the future of crypto exchanges will be extremely polarized, you will have extremely compliant crypto exchanges that implement rules that are as strict as tradfi (traditional finance)brokers and face immense restrictions on deposit/withdrawals and scrutinized for any transaction above certain amount.

On the other end you will have decentralized exchange protocols [that will] be impossible to comply with any regulations that [are] designed for financial intermediaries based systems.”

Source: Arthur Cheong/Twitter

Don’t Miss a Beat – Subscribe to get crypto email alerts delivered directly to your inbox

Check Price Action

Follow us on Twitter, Facebook and Telegram

Surf The Daily Hodl Mix

Check Latest News Headlines

&nbsp

Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Generated Image: Midjourney

Click Here to Read the Full Original Article at The Daily Hodl…