Arthur Hayes says the next cycle will focus on mature DeFi projects with cash flow
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AT A GLANCE
Arthur Hayes is more focused on mature DeFi projects with cash flow, real customers, and the ability to return revenue.
Article
Arthur Hayes: The next cycle will focus more on established projects with cash flow DeFi
PANews October 15 According to news, Maelstrom co-founder Arthur Hayes said in an interview with The Rollup that market confidence should be built on cash flow. He is more focused on projects with real paying customers that can return revenue to token holders. He believes AI Agent will use time-tested protocols. Of particular note are projects that have remained in operation and profitable from 2020 year DeFi Summer to the present—these projects have suffered steep price declines but are still widely used, have reasonable price-to-earnings ratios, and demonstrate composability between protocols. He does not believe the next wave of opportunities will come primarily from new projects, and said that the tokens of projects he believes could rise tenfold are already tradable.
Arthur Hayes said in an interview with The Rollup that market confidence should be built on cash flow.
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He is more focused on projects with real paying customers that can return revenue to token holders.
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He believes AI Agent will use time-tested protocols.
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He focuses on projects that have remained in operation from 2020 year DeFi Summer to the present and remain profitable.
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He does not believe the next wave of opportunities will come primarily from new projects, and said that the tokens of projects he believes could rise tenfold are already tradable.
AI-assisted interpretation
The following is analysis, separate from reported facts. Verify important claims independently.
This is a market judgment: compared with newly launched projects, Arthur Hayes places greater importance on DeFi protocols that have been operating for a relatively long time, have paying users, and can generate cash flow.
Why it matters to readers
If the market places greater emphasis on cash flow and real usage, mature DeFi protocols and related tokens may receive more attention; however, this is merely a view expressed in the interview.
Beginners can use cash flow, paying users, protocol usage, and token revenue returns as dimensions for understanding DeFi projects.
Risks and unknowns
The evidence does not list any specific DeFi projects or tokens he favors.
The evidence does not provide revenue, user activity, or token-holder return data for the relevant projects.
Arthur Hayes's statements are market judgments and personal preferences, and do not represent investment results.
It is not possible to confirm solely from this interview that the relevant projects will rise in value or remain profitable.
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Related concepts
DeFi
A decentralized financial system that conducts activities such as lending and swapping through blockchain protocols.
