Defi can still double from current levels, Andre Cronje notes

Defi can still double from current levels, Andre Cronje notes
Defi sector remains viable despite slowing

Andre Cronje, chief technology officer at Sonic Labs (formerly known as Fantom), notes that with DN at 1.515x and 4.743 equity to maintenance, the system can still at least double before reaching its safe level of 2.

Cronje adds that decentralized finance is not dead but currently progressing at a slow rate.

Earlier this year, Cronje reported nearly $1 million in revenue in Sonic Labs’ first 90 days, citing questions about projected ARR potential in a previous update. He has also highlighted ongoing developments in total return swaps and praised the team’s speed in shipping new features, including updates to the PUT system in recent commentary. These updates reflect operational progress at the firm.

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