The total value of the decentralized finance projects built on Ethereum has exploded.

Data from DeFi Pulse puts the value locked into decentralized finance projects at $8.51 billion, after receiving $1.5 billion in one day.

In the crypto community, critics continue to watch the development of decentralized finance projects with some discretion, while others anticipate an industry-wide shift that could leave Bitcoin behind as the leading cryptocurrency.

In this regard, Mr. Qiao Wang, Head of Blockchain Analytics at Messi, urged not to miss the last two months of 2020 in the DeFi sector.

Wang believes that this sector is going through its most profitable phase for investors, but this will only continue in the short term, telling the following:

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From an investment point of view, Bitcoin before 2013 and Ethereum before 2015 were mismatched bets.

DeFi before 2021 is a once-in-a-decade event.

If you missed the first two opportunities, don’t miss this opportunity.

Wang added:

Investors should not be distracted by fake offers and products related to decentralized finance based on Ethereum.

Users and followers interacted with what Wang said on Twitter, and community members did not show a consensus on his statements.

Some welcomed Mr. Wang’s statement and others accused decentralized finance projects of being Ponzi schemes.

User Eddie Wertheimer is a critic of the DeFi industry. Asked “Wang” mocked the opportunities he was talking about and told sarcastically that the projects he was talking about were as old as ants.

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On the other hand, the CEO of the investment firm Pantera Capital took a similar position to Wang in terms of the potential offered by decentralized finance projects, telling through a recent conversation, saying:

Bitcoin has a market capitalization of $200 billion, which is great, it has already come true.

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While other use cases such as DeFi projects are still in their nascent state.

The market capitalization of DeFi projects is now around $4 billion.

Comparing the total value of Bitcoin at $200 billion and decentralized finance projects at $4 billion, it seems clear that decentralized finance projects are much cheaper than Bitcoin.

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The CEO of Pantera Capital stated:

The expected growth is likely to occur in the DeFi sector, indicating that it offers more advantages to investors.

DeFi could reach $400 billion.

There is no reason why this could not happen (…). I want to say that we are very optimistic.

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