According to Odaily, Charles d’Haussy, CEO of the dYdX Foundation, shared insights during an interview at the Consensus 2025 conference in Hong Kong. He suggested that the cryptocurrency industry might experience a "DeFi Festival" as early as September, potentially leading to a prolonged surge in decentralized finance (DeFi) activities.
D’Haussy expressed that the term "DeFi Summer" is insufficient to describe the anticipated upward trend, proposing "DeFi Festival" as a more fitting description due to its expected extended growth. He remarked, "In people's minds, DeFi Summer was like a three-month wild party. I believe that brief period is over. What follows will be a long-lasting party spanning several months."
Data from Steno Research indicates that the DeFi Summer began in 2020, marked by a significant increase in market adoption and a total value locked (TVL) surge to $15 billion. However, this momentum cooled during the bear market of 2022.