It may only be April, but it has already been a fairly eventful year for crypto.) exchange-traded funds , while the fourth Bitcoin halving event has dominated the news more recently.
“We do see more and more real-world assets on-chain,” confirmed de Patoul. “The T-Bills were the big hit of last year. Things have continued to grow, but by a bit less as the rates are a little less enticing. We are continuing to see that story unravel. We are very much in the process but it is something that will take a long time.”
As de Patoul explains, “Crypto is a proof-of-concept for digitally represented value,” and if the last 15 years have demonstrated the efficacy of that proof-of-concept, the next 15 will be about expanding the franchise.It’s a question that demands untypically long-term thinking in an industry where most participants are notoriously impatient.
As Tur points out, this “is an incredible achievement for the industry” and something that simply could not have been predicted just a few years ago.Danny Chong, founder of yield-enhancing asset tracker Tranchess, believes that 2024 is realizing the predictions made in 2023 — especially with regard to RWAs.
Chong admits surprise at the speed with which “centralized DeFi” has emerged and accelerated as a trend, even if the concept appears to be a contradiction in terms.
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