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DeFi Can Recover Former Glory with Infrastructure Development Outside the U.S.

Decentralized finance (DeFi) projects gained popularity in the summer of 2020, with a total value locked of $248.84 billion by the following fall. However, a decline in DeFi occurred due to a series of scandals and hacks, combined with the onset of crypto winter. Boris Revsin, managing partner of Tribe Capital, believes that DeFi can make a comeback with the development of more infrastructure in open markets outside the US, and sees new infrastructure and developers as key to turning crypto into a $10 trillion industry.

Revsin emphasizes that infrastructure decisions such as choosing developer tools, blockchains, and oracle data solutions are crucial for revenue streams and product improvement, and predicts that the industry will require a large influx of developers in the next six years to reach a $10 trillion valuation.

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