DeFi’s rerating in perspective

Ryan Watkins

Jul 28, 2020 ⋅ 4 min read

Over the past months DeFi has received a significant rerating. Many tokens in the sector had been rising since Black Thursday in March, but it was the launch of Compound’s liquidity mining program that ignited what is increasingly shaping up to be the next big crypto bull run. However, despite all the attention and activity, DeFi still remains an incredibly small part of the total crypto market. In fact, the entirety of what we call DeFi is worth less than both XRP and Bitcoin Cash alone.

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Ryan Watkins

72 Reports RyanWatkins_

Ryan Watkins was a Senior Research Analyst at Messari. Previously, he worked at Moelis & Company as an Investment Banking Analyst where he worked on deals in the technology, telecom, and fintech sectors. Ryan graduated Magna Cum Laude from the Gabelli School of Business at Fordham University.

About the author

Ryan Watkins

Ryan Watkins was a Senior Research Analyst at Messari. Previously, he worked at Moelis & Company as an Investment Banking Analyst where he worked on deals in the technology, telecom, and fintech sectors. Ryan graduated Magna Cum Laude from the Gabelli School of Business at Fordham University.

72 Reports RyanWatkins_