One DeFi Crypto Project Should Be Much Bigger in Valuation, According to Bitwise CIO Matt Hougan

Description

The chief investment officer of the crypto asset manager Bitwise says he believes one decentralized finance (DeFi) project on the Ethereum ( ETH ) blockchain is currently undervalued. Matt Hougan says the market cap of Uniswap ( UNI ), which is approximately $6 billion, currently “feels too small.” “[Uniswap] would be the 400th largest financial services business in the world – roughly the same size as Storebrand, a savings and insurance business in Norway.” According to Hougan, regulatory uncer...