Sushi CEO Alex McCurry States Firmly: DeFi Will Ultimately Prevail
In terms of market mechanisms, long-term DeFi advocates continue to strengthen their beliefs, with funds concentrating on decentralized protocols that have practical use cases during periods of volatility. Mature DEXs like Sushi benefit from increased community confidence, while centralized exchanges face pressure from intensified regulation and competition.
Source: Public Information
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Alex, as a participant in the Sushi ecosystem, has witnessed the explosive growth of DeFi since the summer of 2020 and its subsequent trials during multiple bear markets. His statement reflects Sushi's commitment to community governance and decentralization since its fork from Uniswap, maintaining core beliefs despite multiple hacking incidents and significant fluctuations in TVL.
In terms of capital pathways, DeFi protocols distribute resources to users through liquidity mining, governance tokens, and on-chain mechanisms, aiming to build financial infrastructure that is resistant to censorship and control by a single entity, rather than relying on traditional centralized institutions, thus preserving independence during long regulatory cycles.
Similar cases include core DeFi protocols like Uniswap, Aave, and MakerDAO gradually recovering after the 2022-2023 bear market, as well as the relative resilience of DeFi TVL following multiple failures of traditional CeFi platforms. Currently, DeFi is transitioning from high-yield speculation to practical financial infrastructure.
Essentially, this reflects regulatory changes: the financial system is shifting from being dominated by centralized permissions to being led by decentralized protocols. The mechanism lies in blockchain technology reducing trust costs, allowing DeFi to maintain user sovereignty and global accessibility even in a tightening regulatory environment, thereby gradually reconstructing capital allocation efficiency and financial pricing power.
ABAB News · Cognitive Laws
Bear markets cleanse centralization, bull markets belong to decentralization.
The stricter the regulation, the more necessary DeFi becomes.
Excellent finance sells sovereignty, traditional finance sells convenience.