“The developments in the space at the end of 2022 left the whole industry facing a challenging outlook. Markets slowed down, liquidity dried up, and we observed volumes starting to shift from exchanges to OTC,” Evgeny Gaevoy, CEO and Co-Founder of Wintermute Group, said in the report.
The Four Biggest Risks in Modern DeFi
You might have heard the doomsday analyses comparing the most successful protocols of this wave, like Ethena or Eigen Layer...