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dYdX CEO predicts DeFi 'festival' to start in September

dYdX CEO predicts DeFi 'festival' to start in September

GrafaGrafa2025/02/20 09:00
By:Isaac Francis

The CEO of the dYdX Foundation, Charles d’Haussy, anticipates a significant boom in decentralised finance (DeFi) starting in September.

He describes this upcoming surge not as a fleeting "DeFi summer," but as a longer-lasting "DeFi festival."

Speaking at Consensus 2025 in Hong Kong, d'Haussy stated that this "DeFi festival" will continue for "months and months," offering more entry points for new users than ever before.

He suggests that established DeFi projects will thrive as newcomers seek trusted brands.

D’Haussy predicts increased institutional involvement and capital influx into DeFi as the market matures.

He pointed to Lido Finance's launch of Lido Institutional, designed for large clients like custodians and asset managers, as an example of major DeFi players preparing for institutional participants.

According to d’Haussy, centralised exchanges (CEX) may also drive users to DeFi by launching blockchains and wallets or by closing services due to licensing requirements.

This would encourage CeFi users to explore DeFi options.

However, d’Haussy believes that stable global conditions are necessary for the "DeFi festival" to commence.

He anticipates market volatility during the summer but remains optimistic about a recovery by September.

Steno Research noted that the original DeFi summer in 2020 saw total value locked (TVL) peak at $15 billion before a downturn in 2022.

Some analysts predict DEX trading volumes will exceed $4 trillion in 2025.

At the time of reporting, the dYdX (DYDX) price was $0.7833.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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