Crypto Has ‘Too Many Tokens’ and Mergers Are Coming to Consolidate DeFi and Memecoins

Naturally, initiatives that are not in a position to compete with the bigger opponents will look to merge their companies to remain afloat. “The next wave of M&A is likely to occur in sectors where there is a high degree of fragmentation, like Layer 1 chains that didn’t break Top 10, DEXs, DeFi protocols, node operators, and possibly even NFT projects,” stated Aki Balogh, co-founder and CEO of DLC.Hyperlink