Investors at the Permissionless conference this week say M&A could explode in DeFi as markets sour. Given the current bearish crypto market conditions, the panelists agreed that while some DeFi protocols can survive the downturns and continue to raise money, when that capital dries up, it’ll be harder to sustain themselves and there will be a lot more consolidation in the next two years.
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M&A is coming for DeFi protocols as market conditions change
“I think we will see an explosion of M&A in DeFi,” Ovchinnik said. “M&A is ultimately a perfect tool [for] how you can scale and expand your product line and roll out the long-term horizon.”
