Hyperliquid founder "DeFi, a superior financial technology... the future is not bleak"
Summary
- Jeff, founder of Hyperliquid, rebutted that the future of DeFi is not bleak.
- He emphasized that blockchain is an outstanding financial technology as a global consensus mechanism.
- He said that the structures and mechanisms of DeFi are spreading to traditional financial infrastructure.
Jeff, founder of Hyperliquid (HYPE), rebutted claims that the future of decentralized finance (DeFi) is bleak.
On the 15th (local time) at Token2049 held in Singapore, Jeff said, "It is not true that the vision of DeFi is over," and emphasized, "DeFi is not a separate world but a superior financial technology."
Jeff cited the global consensus mechanism as the intrinsic value of blockchain. He said, "Blockchain is a technology that enables the same rules and consensus worldwide, especially in coordinating money and assets," and explained, "Traditional finance and DeFi are not colliding or merging; financial infrastructure is naturally evolving as it adopts better technology."
He added, "The financial industry is not rejecting or absorbing DeFi. The market always chooses better technology," and "The structures and mechanisms developed in DeFi are spreading to traditional finance."
Doohyun Hwang
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