Decentralized finance, or DeFi, offers potential growth opportunities, said the chief executive of digital asset management company HyperChain Capital.
HyperChain CEO Stelian Balta said DeFi “has a great opportunity to grow” and that digital currencies and blockchains are something the company continues to look forward to.
“I think the DeFi space has a great opportunity to grow and one of the leaders in the DeFi space, the Kyber Network, has just crossed $ 1 billion in trading volume and the project’s market capitalization is worth more than $ 300. million dollars, which I think is very undervalued. Furthermore, we believe that the best platforms for creating blockchain games are platforms using EOSIO-inspired technologies, such as Wax.io. Wax recently added virtual Topps products and Topps is the world’s most prestigious producer of trading cards and collectibles for MLB, Star Wars, WWE, and Garbage Pail Kids. We firmly believe in the potential of the DeFi ecosystem and blockchain gaming and the proof is our investments that we made and continue to make. ”
Balta noted that getting an “inflation hedge” like Bitcoin in a wallet can mitigate risk, especially since currencies are on the verge of negative rates. He added that he is “bullish on the long-term crypto market, especially at DeFi and that is why we continue to invest, to improve and build on the crypto ecosystem.”
Singapore-based HyperChain focuses on investments in blockchain-based projects and decentralized protocols. He invested more than $ 2 million in Fantom and is one of the largest Tezos token holders.
As Cointelegraph previously reported, DeFi for Kyber has seen multiple projects in recent months, including the privacy blockchain Incognito, which launched a privacy feature within the Kyber Network.
