DeFiance Capital’s CEO, Arthur Cheong, holds the belief that one particular crypto sector is surpassing all others in meeting the demands of the market. In a recent interview conducted by Alex Thorn, an executive at Galaxy Digital, a crypto financial services company, Cheong expressed his opinion that decentralized finance (DeFi) has demonstrated itself as the crypto sector with the greatest alignment between product and market.

Cheong acknowledged that there has been some disillusionment in the past few years due to numerous hacks and unsustainable business metrics once incentives are no longer in place. However, he noted that certain protocols have managed to maintain their utilization and momentum even after the incentives have ended, and have even surpassed their previous all-time highs. As a result, DeFiance Capital initially focused on DeFi but reduced exposure when it became overvalued. They have since broadened their scope to other sectors, while still keeping an eye on every sector. However, after four years since the DeFi summer, Cheong believes that DeFi is once again becoming a highly investable and interesting sector due to its maturation and the clear understanding of what does and doesn’t work.

Cheong also expressed his belief that DeFi is now at a stage where development and innovation can significantly advance. He sees this stage as necessary for any exciting new technology or product to undergo, as it allows for the identification of what works and what doesn’t. Cheong stated, “We’re ready for DeFi to get to the next level of growth.”

Please note that the opinions expressed in this article are not investment advice, and investors should conduct their own research before engaging in high-risk investments in Bitcoin, cryptocurrency, or digital assets. Transfers and trades are carried out at one’s own risk, and any losses incurred are the individual’s responsibility. The Daily Hodl does not endorse the buying or selling of cryptocurrencies or digital assets, and is not an investment advisor.