Antonio Juliano, the creator of dYdX, recently revealed his outlook on the future of decentralised finance (DeFi) derivatives in a tweet. Anthony said.
“Towards the next 100x, dYdX will drive the expansion of DeFi derivatives. We have no plans to expand into additional product categories.
DeFi currently makes up about 2% of the volume in crypto derivatives. However, Antonio predicts a rise in this number. I think [DeFi] will increase 10x+ in the upcoming years (as will crypto itself),” he said. This upbeat forecast highlights the possibilities that market insiders for the DeFi derivatives market anticipate.
The tweet sheds light on dYdX’s strategic priorities while also highlighting a more general viewpoint on the direction of the DeFi sector’s expansion. The concentration on DeFi derivatives offers a viable channel for investors and traders in the upcoming years, as the cryptocurrency sector itself is ready for growth.