Crypto-focused VC firm PanteraCapital’s forecast for 2023 argues that the future is DeFi. BrandyBetz reports
“Pantera has managed blockchain funds through three previous ‘crypto winters’,” noted Pantera CEO and co-Chief Investment Officer Dan Morehead in the forward of his investor letter, titled “The Year Ahead.”
He noted that scalability systems have brought transaction fees on the Ethereum blockchain to under 10 cents. He expects that future upgrades to Ethereum and protocol extensions for layer 2 scalability systems will further push transaction fees down to around 1 cent, which would help decentralized exchanges compete with the larger centralized exchanges.
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