Julian Hosp: FTX collapse will revive interest in decentralized finance

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Co-founder and expert of blockchain company DeFi Chain reads that the collapse of FTX has dealt a major blowindustry, and without active work, the crisis can drag on.

Julian Hosp said that the problems of the FTX cryptocurrency exchange will provokeloss of trust in all centralized cryptocurrency platforms among users and investors.And, therefore, it will revive people's interest in decentralized finance (DeFi) and related products.

Users who don't yet believe in the strength of the DeFi ecosystem will switchCurrent events, while they have not subsided, saysHosp will scare away potential cryptocurrency users who have not yet immersed themselves in the industry.The expert believes that this may take quite a long time.

According to the expert, a decrease in cryptocurrency prices should be expected in the coming months.The industry needs a treatment that only it can provide.to believe that the cryptocurrency market, which has gone through a lot of turmoil before, will get out now - the collapse of FTX was a serious blow to the entire ecosystem, and if it does not activatethe crisis can drag on for a long time.

Now, according to the co-founder of DeFi Chain, it is necessary to assess how FTX and Alameda were connected to other companies - then it will be possible to understand the secondary consequences of the collapse of the crypto exchange.However, it is not possible to accurately assess the scale right now, he believesexpert.

Earlier, the co-founder of the cryptocurrency hedge fund ZX Squared Capital, SK Zheng, said that the interest of institutional investors in the cryptocurrency industry will not be shaken due to the collapse of FTX.