dYdX Foundation CEO: The industry may see the earliest "DeFi Festival" in September, and the enthusiasm will surpass the past.

Odaily Planet Daily News dYdX Foundation CEO Charles d’Haussy said in an interview at the Hong Kong Consensus 2025 conference that the cryptocurrency industry may see a 'Decentralized Finance Festival' as early as September, triggering a sustained 'months-long' Decentralized Finance craze. He said, "The term 'Decentralized Finance Summer' is not enough to describe the upward trend he sees, and he believes 'Decentralized Finance Festival' is a more accurate term, as it will continue to grow. 'In people's minds, Decentralized Finance Summer is like a three-month crazy party. I think this short period has passed. It will be a long party lasting for several months afterwards.' According to data from Steno Research, the summer of Decentralized Finance began in 2020, with a surge in market adoption rates, TVL soaring to $15 billion, and then cooling off when the bear market hit in 2022. (Cointelegraph)