CEO of Coinbase has a positive attitude towards DeFi

According to AMBCrypto, DeFi has been on the rise in the past few months as the number of platforms and products offering DeFi services has increased. According to Brian Armstrong, CEO of Coinbase, the DeFi chart has begun to show an “exponential curve” for this year's growth. Despite the network scalability issues, Ethereum's DeFi environment has been one of the most popular application environments to date. However, Sam McIngvale, CEO of Coinbase Custody, said that many new entrants have flooded the field, which led to the birth of alternatives dominated by Ethereum and Compound Finance.