Ethereum (ETH), the second largest cryptocurrency by market capitalization, has again found itself in the center of attention of institutions. In particular, BlackRock has already reserved an initial investment of $100 million, which is currently stored in USDC on Ethereum. As for retail investors, they are looking at two tokens based on this blockchain, which provide very encouraging signals in terms of price growth. Aave (AAVE) for Lending Aave (AAVE) is the most used, capitalized, and liquid lending platform in the DeFi ecosystem on Ethereum. The platform supports 12 other blockchains, creating an active and in-demand space for lending and borrowing ERC-20 tokens. The total value locked (TVL) of the protocol is $10.93 billion, and the capitalization of AAVE is $1.41 billion. This corresponds to a rate of 0.15 MCap/TVL, which usually indicates an oversold asset with medium- and long-term potential.
Данные Aave (AAVE) TVL и DeFi. Икточник: DefiLlama
Given the expected influx of capital into the Ethereum ecosystem, Aave may become the preferred way for investors to receive income from ERC-20 tokens through lending or margin participation flax trade through borrowing. Uniswap (UNI) for trading Uniswap (UNI) is the first decentralized automated market maker (AMM) exchange, which remains the most popular. Uniswap leads in exchange volume in decentralized finance, and its swap pools are the most liquid for trading Ethereum tokens. The protocol currently ranks fifth in terms of TVL in the Ethereum ecosystem, two positions behind Aave. However, the UNI token management has a market capitalization of $6.08 billion and a rate of 1.05 MCap/TVL. The indicator indicates that UNI is currently trading at a fair price based on the total number of tokens invested in its ecosystem. This situation suggests that the price of Uniswap may proportionally follow the future increase in TVL, which is likely to occur as a result of the influx of capital into Ethereum-based tokens.
The famous Uniswap (UNI) TVL is DeFi. Source: DefiLlama
The Ethereum ecosystem is a space with dynamic capital flows into a variety of protocols and tokens, and this is what should cause investors to be especially careful.
