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AAP

Derek Rose

FOUND: Crypto projects still building through bear market | Mind Blowing Facts

Sidney Powell Maple Crypto United States

Maple Finance lends to an originator, Sidney Powell says, which in turn lends to smaller business. (Derek Rose/AAP PHOTOS)

Cryptocurrency projects are continuing to build through the bear market and there have been signs of a rebound in recent months, one Australian founder says.

Maple Finance co-founder and chief executive Sidney Powell told AAP on Friday that in 2021 and 2022, valuations and the "hype cycle" got ahead of the traction that crypto projects were experiencing with users.

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