fbpx
Connect with us

Executive Voice

Kava CEO Brian Kerr Shares the Top Five Crypto Trends to Watch in 2021

DeFi is undoubtedly the biggest buzzword in cryptocurrency right now, fueled by the success of projects including Maker’s DAI stablecoin, Compound’s lending protocol, and robo-adviser yEarn Finance. However, one thing that each of these protocols has in common is a heavy dependence on Ethereum. 

Kava was one of the first projects to recognize the potential for DeFi to extend beyond its Ethereum roots. As such, it received early backing from Binance, launching its token sale on the exchange giant’s prestigious Launchpad IEO platform in late 2019.  

Since then, Kava has gone on to launch its first stablecoin USDX, backed by Binance’s BNB coin, along with Harvest, a yield-generating DeFi platform for Bitcoin and other non-Ethereum assets. The fourth version of the platform, due to launch imminently, will usher in expanded cross-chain functionality with support for other assets, including XRP, LINK, and Binance’s BUSD stablecoin.  

Having founded Kava in 2017, Brian Kerr, co-founder and CEO, has shown an uncanny prescience for predicting the rapid growth of DeFi. Therefore, it was a pleasure to have the opportunity to gain some of his insights into which trends we can expect from the cryptocurrency sector in the coming year. 

1. Brian, what is the biggest trend to look out for right now and will it continue as the predominant trend in 2021?

Right now, the most significant trend is the flood of institutional and retail capital into stablecoins and the DeFi sector. I think DeFi will be the dominant trend throughout the next year or two.

The trend has naturally resulted in significant growth of the Ethereum ecosystem. But that same success is also causing the industry to realize that Ethereum can’t be the home for DeFi in the long run, and so, the search for the next generation of first-layer blockchains has begun. In 2021, we’ll see developers searching for greener pastures, particularly for blockchains that can provide infrastructure and security for DeFi applications without the congestion or limitations of Ethereum.

2. What other evolutions in DeFi may be likely in 2021?

Another significant trend to look out for in DeFi is its integration in centralized venues. Kava and Compound have been embraced by platforms such as Binance, opening up DeFi’s user base from early technical adopters to a far broader audience of retail traders and investors. If other major retail trading venues follow in Binance’s footsteps, the DeFi sector could expand to become ten times the size it is today. 

3. What do you think will be the five biggest trends by the end of 2021, and how will these compare with the top five at the end of this year? 

Today’s top trends are DeFi, stablecoins, cross-chain products, integrating DeFi products with centralized finance (CeFi), and crypto-backed derivatives.

By the end of 2021, I expect DeFi as a general topic to move beyond its initial hype phase. However, we can still expect to see growth in specific areas – in particular, cross-chain products, DeFi and CeFi integrations, and derivatives platforms. I also think a major new development for 2021 will be DeFi integrations into more traditional financial institutions. 

In the US, banks have recently been given the green light to offer cryptocurrency custody services, so now it’s just a matter of time before they put the necessary infrastructure in place to do so. Therefore, bank accounts featuring USD stablecoins and attractive savings rates as alternatives or complements to cash accounts will soon emerge. 

Advertisement

Join Disrupt Magazine

Become A Disrupt Contributor

Most Disruptive

Executive Voice3 months ago

Kerwin Rae Shares How He Has Helped Over 100,000 Entrepreneurs Succeed and Grow

Kerwin Rae is Australia’s leading business strategist and high performance specialist helping over 100,000 businesses, in 154 different industries, throughout 11...

Politics4 months ago

Brock Pierce Wants To Disrupt The Two Party System And Be Your Next President

We don’t usually cover politics much here at Disrupt, but when Crypto billionaire and friend of the show, Brock Pierce...

Business6 months ago

John Mcafee – Predictions For The Future

John McAfee is a world-famous tech CEO, computer scientist, civil disobedience activist, privacy advocate, and pioneer of the commercial anti-virus...

Finance7 months ago

Gaby Wall Street – Teaching Latinas to Thrive During The Crisis

It’s no secret we are facing one of the most challenging financial times of the last few decades as we...

Entrepreneurship7 months ago

Tony Delgado – The #1 Entrepreneurship Movement In Puerto Rico

Puerto Rican online market is in constant progress. With many entrepreneurs who are coming here to start a business, it...

Entrepreneurship9 months ago

Elena Cardone – The 10X Ladies Conference Is Declaring 2020 The Decade For Women

The next ten years are meant for women to continue growing their potential and succeeding in multiple areas, including business....

Marketing1 year ago

How Josh Elizetxe Built Snow Into a $40 Million Dollar Business

There is nothing quite like an entrepreneur’s determination when starting a business. That’s my original quote by the way (pun...

Entrepreneurship1 year ago

How Jason Capital Became A Self Made Millionaire By 24

Have you ever wanted to earn the respect of everyone who ever looked down on you at some point in...

Entrepreneurship2 years ago

Sam Bakhtiar On His Way To A Quarter Billion

Dr. Saman Bakhtiar, who prefers being referred as Sam, lives in an 8200 square foot $5.2 million house, Sam is...

Trending

Copyright © 2020 Disrupt Magazine

The Disrupt Magazine & Podcast tells the stories of the world top entrepreneurs, developers, creators, and digital marketers and help empower them to teach others the skills they used to grow their careers, chase their passions and create financial freedom for themselves, their families, and their lives, all while living out their true purpose. We recognize the fact that most young people are opting to skip college in exchange for entrepreneurship and real-life experience. This Podcast was designed to give them a taste of that.