CZ(CZ), founder of the world's largest cryptocurrency exchange Binance, held an AMA on the social platform X (formerly Twitter) on the 1st. He shared his views on the prospects of DeFi and believed that as the cryptocurrency industry becomes more With decentralization, the development of DeFi will be better, and it is likely that before long, the transaction volume of DeFi will surpass CeFi:
DeFi is the future, and the volume of DeFi is currently about 5% to 10% of the volume of CeFi. This ratio is not small, right... In the next bull market, the volume of DeFi is likely to exceed CeFi.
Live now. https://t.co/e4bVfhKwRB
—CZ
Binance (@cz_binance) September 1, 2023
Judge Zan Dismisses Uniswap Class Action
Previously, the DeFi industry had just received good news. On August 30, the U.S. Federal Court dismissed a class action lawsuit against Uniswap, the leader of decentralized exchanges. The plaintiff complained that he had suffered losses due to trading fraudulent tokens on Uniswap, but the judge dismissed it. The case was based on the inability of both parties to identify the fraudsters and highlighted regulatory uncertainty leading to reduced investor protections.
Further reading: DeFi good news! U.S. court dismisses class action lawsuit over Uniswap selling unregistered securities
CZ had a positive attitude towards the judge’s dismissal of the case. He said:
The outcome of the Uniswap case is very positive, very reasonable, logical, clear, which is great.
During the AMA, an A positive development:
Developers write code, code is free speech, so this development is really good.
VCs increase DeFi investments
Recent data shows that venture capital institutions are reducing their investment in CeFi projects in order to increase their investment in DeFi projects. CoinGecko reported in early March that digital asset investment companies invested US$2.7 billion in DeFi projects in 2022, a 190% increase from 2021, while their investment in CeFi projects fell by 73% to US$4.3 billion in the same year .
CoinGecko believes that this may mean that DeFi will become a new high-growth area in the cryptocurrency industry, and the decrease in capital injection into CeFi projects may be because the CeFi industry has reached a saturation point.
