{"id":49727,"date":"2021-09-19T09:55:54","date_gmt":"2021-09-19T06:55:54","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=49727"},"modified":"2025-09-02T14:07:00","modified_gmt":"2025-09-02T11:07:00","slug":"charles-hoskinson-warns-of-bubbles-forming-in-defi-and-nft-markets","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/charles-hoskinson-warns-of-bubbles-forming-in-defi-and-nft-markets\/","title":{"rendered":"Charles Hoskinson warns of bubbles forming in DeFi and NFT markets"},"content":{"rendered":"<p>The sectors of decentralized finance (DeFi) and non-fungible tokens (NFTs) are at a stage of development where the market struggles to price them fairly. That view was voiced by Charles Hoskinson, the head of IOHK, the company behind Cardano, in an interview with Forkast News.<\/p>\n<figure class=\"wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio\">\n<div class=\"wp-block-embed__wrapper\">\n<iframe loading=\"lazy\" title=\"Cardano's Charles Hoskinson Says DeFi Is \u201cUp For Grabs\u201d\" width=\"500\" height=\"281\" src=\"https:\/\/www.youtube.com\/embed\/y2zTnXyiNGM?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe>\n<\/div>\n<\/figure>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>&#8220;I think there is a bubble in the DeFi market. It\u2019s a common phenomenon\u2014the NFT and DeFi are simply the latest.&#8221;<\/p>\n<\/blockquote>\n<p>Hoskinson compared the DeFi market situation with the <a href=\"https:\/\/u1f987.com\/en\/news\/what-is-an-ico-and-can-you-profit-from-it\">ICO<\/a> bubble of 2017. He stressed that the formation of a bubble is not necessarily bad. In his words, DeFi are the &#8220;logical next step&#8221; for crypto investors.<\/p>\n<p>According to IOHK&#8217;s chief, broad adoption of DeFi will be aided by the emergence of &#8220;decentralized application stores&#8221; and the adoption of cross-chain solutions. By &#8220;stores&#8221; of dapps, Hoskinson means platforms like Google Play and the App Store.<\/p>\n<p>In August, the head of the <span data-descr=\"\u041a\u043e\u043c\u0438\u0441\u0441\u0438\u044f \u043f\u043e \u0446\u0435\u043d\u043d\u044b\u043c \u0431\u0443\u043c\u0430\u0433\u0430\u043c \u0438 \u0431\u0438\u0440\u0436\u0430\u043c \u0421\u0428\u0410\" class=\"old_tooltip\">SEC<\/span> <a href=\"https:\/\/u1f987.com\/en\/news\/gensler-warns-of-tighter-regulation-for-defi-and-stablecoins\">warned<\/a> about tighter regulation of DeFi and stated that the decentralized model of projects in this space <a href=\"https:\/\/u1f987.com\/en\/news\/gensler-defi-decentralisation-does-not-immunise-against-sec-oversight\">does not give them immunity from the Commission&#8217;s oversight<\/a>. Hoskinson regards the agency&#8217;s attention as evidence of the sector&#8217;s rapid development. He also stated that bureaucratic hurdles will only benefit the industry.<\/p>\n<p>Earlier, the IOHK team <a href=\"https:\/\/u1f987.com\/en\/news\/cardano-developers-enable-smart-contracts-on-the-mainnet\">activated the Alonzo upgrade<\/a> on the Cardano mainnet. After the hard fork, developers gained the ability to deploy smart contracts on the blockchain and to build daaps on top of them.<\/p>\n<p>As previously reported, <a href=\"https:\/\/u1f987.com\/en\/news\/99-of-cardano-smart-contracts-deployed-remain-inactive\">99% of smart contracts deployed on Cardano remain inactive<\/a> \u2014 they are under a temporary lockdown.<\/p>\n<p>Follow ForkLog&#8217;s Bitcoin news on our <a href=\"\/\/telegram.me\/forklog\" target=\"\u201c_blank\u201d\" rel=\"\u201cnofollow\u201d noopener\">Telegram<\/a> \u2014 cryptocurrency news, prices and analysis.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The sectors of decentralized finance and non-fungible tokens are at a stage of development where the market struggles to price them fairly. That view was voiced by Charles Hoskinson, head of IOHK, the company behind Cardano.<\/p>\n","protected":false},"author":1,"featured_media":49728,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1401,471,1093,1213],"class_list":["post-49727","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-cardano-ada","tag-charles-hoskinson","tag-defi","tag-nft"],"aioseo_notices":[],"amp_enabled":true,"views":"17","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/49727","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=49727"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/49727\/revisions"}],"predecessor-version":[{"id":49729,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/49727\/revisions\/49729"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/49728"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=49727"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=49727"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=49727"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}