Original author: Crypto, Distilled

Original translation: TechFlow

Recent news about the $ETH ETF has sparked huge attention on $ETH beta. However, where are the best opportunities in the context of high-demand, high-volume tokens?

This may be the point, as DeFi 1.0, despite being rich with truly valuable projects, is overshadowed by risky speculative projects and popular but substance-less memes.

Here are the key takeaways:

1.$UNI DEX

  • L2 transaction volume surged 650% in two years.

  • Uniswap V4 is scheduled to be launched in Q3.

  • The DAO proposed activating a $3.3B “fee switch” in February.

  • Received Wells notification in April

  • $UNI responded by claiming that 65% of its volume consists of explicitly non-securities.

2. $AAVE - Money Market

  • The third largest DeFi protocol with a TVL of over $ 10 B.

  • Approval to deploy Aave V3 on Solana was obtained in the first quarter.

  • Aave V4, a unified cross-chain liquidity solution, was released on May 1; prototyping began in Q4.

  • Aave’s TVL has almost doubled year-to-date.

3. $ENS - Domain Name Service

  • In February, ENS partnered with GoDaddy to simplify linking wallets to web pages.

  • In March, Google integrated $ETH wallet balances with the $ETH Name Service (ENS) domain.

4.$LINK Oracle

  • In April, $LINK launched the cross-chain bridge application "Transporter" to improve the security of token transfers

  • In May, DTCC $LINK completed a pilot to accelerate fund tokenization across multiple blockchains

  • Participants include Franklin Templeton, Invesco, JPMorgan Chase, State Street and others.

5. $MKR - Behind the $DAI DAO

  • May: $MKR unveils their “end game” strategy.

  • Two new stablecoins were launched: NewStable and PureDAI to surpass $DAI.

  • NewStable focuses on practicality and scalability, powered by RWA

  • PureDAI aims to be decentralized and is backed by assets such as ETH

6. $LDO dominates liquidity pledge

  • In February, $LDO TVL exceeded $30 B.

  • By April, $LDO reached 1M+ validators.

  • As the leading liquidity staking protocol, $LDO manages 25%+ of all staked ETH.

  • Tailwind: $ETH staking is growing 20x the rate of $ETH issuance.

Final Thoughts

  • As the backbone of the $ETH ecosystem, DeFi 1.0 may be ready to repricing.

  • The market landscape is dynamic; please remain cautious and prudent as ETFs evolve.

  • As always, not financial advice

Original link

#DeFi