DeFi + NFTs: The Crypto Megacycle

In this series I propose we are a year into 5 year long DeFi hype cycle, likely made up of several mini-cycles, where the aggregate effect is a quadrupling of today’s combined market cap and a doubling of the 2017 $600bn highs based on a sustained ‘mainstreaming’ of the industry.

In fact, it’s not impossible we hit that in the next 24 months alone should a few things fall into place. So now I’ve got your attention let me explain how across three posts. This is post (2/3)

(1/3) The Broken DeFi Hype Cycle

(2/3) Retail DeFi: DeFi + NFTs

(3/3) Institutional DeFi: AI Lego, STOs & dPrime

Retail DeFi:

Firstly, for the purpose of this series I would define ‘Retail DeFi’ as both existing consumers that already use crypto today (although primarily via CeFi) and for speculative purposes, as well as entirely new users who without the below innovations would have no interest in directly holding crypto as as asset class.

As discussed in the previous article (linked above) every hype cycle is usually a consequence of a combination of innovations coming…