DeFi Technologies President Defends Sector Amid $20B TVL Drop

DeFi Technologies president Andrew Forson has defended the decentralized finance sector despite a $20 billion drop in total value locked (TVL) and recent hacks, according to CoinDesk. Forson argues that critics are overstating security risks and ignoring the sector's broader growth, highlighting the thriving stablecoin layer backed by over $150 billion in U.S. Treasuries. He emphasizes that transaction volumes are growing 20% to 30% monthly, and Wall Street giants like BlackRock and JPMorgan are increasingly engaging with tokenization and crypto services.