Crypto Market Structure 3.0

At maturity, the 3.0 iteration will (1) be radically more capital-efficient and (2) bridge centralized markets to emerging decentralized finance (DeFi) markets.

We’re in the early stages of the next structural evolution, from 2.0 to 3.0.

Since December 2017, the crypto market evolved to a 2.0 iteration, growing from a market designed for individuals to one that’s institutionally accessible.