When I woke up in the morning, the value of Bitcoin was 88,000. It once reached 89,000, and 90,000 US dollars was within reach.
It’s really fast. The speed at which I write articles cannot keep up with the price increase!
In every bull market, sectors will rotate and surge. So which sector will see the biggest increase next?
I am optimistic about the DEFI sector because Musk previously recommended cryptocurrencies in the DEFI sector on the X platform, and Trump relaxed regulations on DEFI after taking office. Against this background, the DeFi protocol has become the focus of market attention.
Three signals that are bullish on DeFi:
1- As the blue chip of the previous round of DeFi, AAVE has taken the lead in emerging from the downward trend and started to rise.
2- With Trump’s election, DeFi has benefited the most from the reduction of regulatory uncertainty in the United States. Affected by the positive impact, a number of DeFi projects such as UNI and ENA have soared.
3- Rune Christensen, founder of Sky (formerly MakerDAO), said that when Bitcoin reaches $80,000, DeFi will usher in a renaissance.
From a trading perspective, if altcoins surge and funds rotate to DeFi, oversold tokens will have a better chance of rebounding!
To be honest, I think DeFi is the most down-to-earth sector in the current crypto industry, and the sector that can be most linked to traditional industries. Our circle is all about finance, and DeFi finance is indisputable! The sector that is most worth buying in the long term!
So which DeFi tokens are worth paying attention to?
Dog brother recommends the top tokens in the DeFi track that have seen good growth recently:
» Uniswap（￥UNI）
Market value: $5.751 billion
24-hour trading volume: $1.328 billion
I was also optimistic about this token when I didn’t write the DeFi section. I will talk about it in detail.
Since the launch of the AMM mechanism, Uniswap has been regarded as a benchmark in the DeFi industry. From the launch of V3, V4 and UniswapX, it has shocked the market almost every time.
As the pioneer of DeFi, Uniswap's AMM/CLMM liquidity market-making mechanism is widely used in the decentralized exchange platforms of major public chains.
This former prince of DEFI, from a money-spending boy at the beginning of its launch to a DEX leader that has stood the test of time, is undoubtedly the oligarch with unrivaled application and profitability after ETH!
As a pioneer of decentralized exchanges and having gone through both bull and bear markets, we can see that UNI is the absolute leader in new application scenarios of blockchain technology!
» Solar（￥SXP）
Market value: $268 million
24-hour volume: $550 million
Up 66.6% in one week.
This is the son of the Solar blockchain. It has many functions and can not only be used to participate in management, but is also quite practical.
Venus SXP (SXP) As a project that integrates decentralized finance (DeFi) and stablecoin functions, the rise of Venus SXP is changing the traditional cryptocurrency market landscape.
The Venus team recently announced strategic collaborations with multiple DeFi projects, which will further enhance the ecosystem of the Venus protocol and improve its market competitiveness.
For example, cooperation with well-known DEX (decentralized exchanges) allows SXP tokens to be traded on more platforms, increasing its liquidity.
Cooperation with more DeFi projects will bring more users and liquidity to the Venus protocol, and promote the expansion of the application scenarios of SXP tokens.
» ￥GHOST
Market value: $2.824 billion
24-hour volume: $593 million
The leading coin of decentralized lending protocol
As one of the leading projects in the DeFi field, AAVE has strong overall strength and is on par with Uniswap.
Aave is known for allowing users to supply, borrow, exchange and stake assets, attracting widespread attention from both retail and institutional investors. One of its high-profile backers is Mark Cuban, who has expressed strong confidence in the platform’s future.
Given its established utility, lower risk compared to more volatile assets, and promising fundamentals, $AAVE is a top choice for investors looking to benefit from the evolving DeFi landscape.
Up 42.3% in one week.
» Athena（￥ENA）
Market value: $1.739 billion
24-hour trading volume: $1.177 billion
Ethena is a rare phenomenal DeFi project in this cycle. It is the native cryptocurrency of the Ethereum-based DeFi project Ethena. After its launch, its token’s circulation market value once exceeded US$2 billion (corresponding to an FDV of more than 23 billion).
The cryptocurrency has experienced strong growth as the platform enters direct stablecoin competition with industry giant Tether.
However, since April this year, the price of its token has fallen rapidly. Ethena’s circulating market value has retreated by more than 80% from its peak, and the token price has retreated by as much as 87%.
Since September, Ethena has accelerated its cooperation with various projects and expanded the use scenarios of its stablecoin USDE. The scale of stablecoin has also begun to bottom out and rebound. Its circulating market value has rebounded from the lowest point of US$400 million in September to the current US$1 billion.
Last week also saw a sharp rise, with a 72.4% increase in one week.
» Injective（￥INJ）
Market value: $2.536 billion
24-hour volume: $459 million
Injective Protocol is an infrastructure framework in the DeFi space that enhances multi-chain transactions through derivatives such as perpetual contracts, futures, and spot. It is built on Ethereum and Cosmos blockchains and aims to reduce Gas costs.
Injective is also a unique Layer1 protocol with excellent speed performance that supports the construction of advanced applications, including Exchange, DeFi, derivatives, and Web3 fields.
And through its pioneering token $INJ, it has promoted the prosperity of the Injective ecosystem. Injective has received support from well-known platforms such as Binance, and important investors include jump, PanteraCapital and mcuban.
Up 54.5% in a week.
» TrueFi（￥TRU）
Market value: $125 million
24-hour trading volume: $49,200,200
TrueFi is a DeFi protocol that specializes in uncollateralized lending and is bringing RWA tokenization on-chain through its platform.
On March 25, 2024, TrueFi launched its RWA tokenized lending protocol, resulting in a 23% increase in TRU prices.
The TRU token is not just a token, but also an important part of the TrueFi project ecosystem.
Uncollateralized lending and trust score systems bring new gameplay and experiences to DeFi.
Liquidity mining provides users with an additional channel for income.
The increase this year is still relatively stable, at 99.7%.
» Read DAO（￥LDO）
Market value: $1.144 billion
24-hour volume: $385 million
Lido is also considered to be the leader in liquidity staking, and is also the DeFi protocol ranked first in the entire network with a total locked value of US$27.524 billion.
has become a tenacious player in the DeFi space, known for its staking protocols and liquidity staking solutions across various blockchain networks.
Lido (LDO) is a unique decentralized autonomous organization (DAO) and liquid staking protocol that has emerged in the Ethereum ecosystem to address the 32 ETH collateral threshold for Ethereum staking.
This innovative protocol allows users to stake any amount of ETH and maintain liquidity through stToken tokens, making Lido one of the most watched cryptocurrencies.
Up 31.6% in a week.
