Bitwise CIO: DeFi ' s market size and pricing rights are both underestimated

On August 14, the Chief Investment Officer of Bitwise, Matt Hougan, stated that two overlapping mistakes had been made in assessing the current application of DeFi: the size of the market: people thought they were targeting $2 trillion in encrypted money markets, and in fact they were targeting $500 trillion in asset markets. Value capture: People think that they have made the most of the revenue from the fees, and actually just touched the surface. Hyperliquid, Uniswap, Aave, Morpho, Aerodrome, Lighter, Pump, etc., have greater TAM (total addressable market) and greater pricing rights than one could imagine。