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

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According to venture capitalist Arthur Cheong, two crypto sectors are thriving despite tepid market conditions.

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

Liquid Staking: The wait time to stake ETH is over 40 days now, the demand for staking far exceeds the supply Ethereum can offer.

Decentralized derivatives exchange: See some of the best DeFi teams build awesome products here. Still $10-15 billion in annual revenue, even in a bear market.

Cheong noted on Twitter last week that the ratio of decentralized exchange volumes to centralized exchanges was 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 as strict as tradfi (traditional finance) brokers and face immense restrictions on deposits/withdrawals and scrutinized for any transaction over a certain amount.

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

Source: Arthur Cheong/TwitterDon’t Miss a Beat Subscribe to receive crypto email alerts straight to your inbox Check the price action Follow us on Twitter, Facebook and Telegram Surf to The Daily Hodl Mix Check the latest news headlines are not investment advice. Investors should do their due diligence before making high-risk investments in Bitcoin, cryptocurrency or digital assets. Please note that your transfers and transactions are at your own risk and any loss you may incur is your responsibility. The Daily Hodl does not recommend the buying or selling of cryptocurrencies or digital assets, nor is The Daily Hodl an investment adviser. Please note that The Daily Hodl engages in affiliate marketing.

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