Bitwise CIO Forecasts Tenfold DeFi Growth with Improved Regulation

DeFi usage could surge tenfold in the coming months if regulatory conditions improve and institutional investors enter the market, according to Matt Hougan, chief investment officer at Bitwise.

Hougan expects this new growth phase to be dubbed 'DeFi Summer 2.0,' which will begin once the market recognizes the sector's potential.

Uniswap usage has already increased significantly on Robinhood's proprietary blockchain, Robinhood Chain, with active addresses rising to 1.2 million.

Hougan notes that DeFi has survived multiple bear markets and strengthened its technology and ecosystem as a result.

He estimates Uniswap's annualized fee revenue at $120-$130 million and expects it to reach $200 million based on current trading volumes.