Is rate of crypto-innovation the biggest challenge in itself?
ambcrypto.comThe crypto market surpassed the combined market cap of $3 trillion for the first time on 8 November, 2021. It is considered the fastest market to reach such high levels of valuations in such a short time despite the fact that it was quite a bumpy ride.
Blockdata co-founder Jonathan Knegtel, in a recent interview, also commented that “blockchain, Bitcoin and cryptocurrencies are no longer some young, innovative technology”.
Discussing the evolution of DeFi in 2020, Knegtel accepted that today’s market maturity was pumped by the 2017 ICO boom. He noted,
“A lot of companies are making announcements. But if it wasn’t for the ICO boom in 2017, moving into 2018, you could argue we wouldn’t have the progression, the maturity that we see today.”
Howeve
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