On-chain derivatives are the “best product-market fit” the DeFi sector has seen in years, argues Apollo Capital's chief investment officer phenrikand.
“In the last year we've seen Uniswap trade more daily volume than Coinbase and if you look at the overall market share [of DEXs], it's still small, but it's gaining ground,” Andersson said. “On a monthly basis, we're doing over $50 billion in spot volume on DEXs.”nearly 80% of the entire crypto market’s trading volume across centralized exchanges.
Outside of decentralized derivatives, Andersson also mentioned two emerging market sectors that have piqued his interest in recent weeks.
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