[Survey: Crypto Investors Prioritize Infrastructure Over DeFi] According to Cointelegraph, a survey report released by the CfC St. Moritz Digital Asset Conference shows that seasoned crypto investors and executives are shifting their capital allocation focus from decentralized finance (DeFi) to core infrastructure. The survey was conducted in January and included 242 respondents, comprising institutional investors, founders, executives, and regulatory representatives. The survey revealed that 85% of respondents listed infrastructure as their primary investment focus, surpassing areas such as DeFi, compliance, and cybersecurity. Respondents pointed out that market depth and settlement capabilities are key bottlenecks preventing larger-scale institutional capital from entering the space, with liquidity shortages identified as the most pressing risk in the industry. Although approximately 84% of respondents believe the macro environment is favorable for crypto growth, the majority think the current market infrastructure is still insufficient to support large-scale capital inflows.