🔼 BlackRock will pump DeFI 1.0
DeFi 1.0 refers to the first generation of decentralized finance. It includes lending, borrowing and trading protocols on the blockchain. With support from BlackRock, DeFi 1.0 could become the dominant narrative in 2024.
🧐 Besides BlackRock's interest, here are two key factors that could start a new trend:
▪️ With the SEC dropping its lawsuits, DeFi has room to grow.
▪️ The supply of most DeFi 1.0 tokens is fully in the market, indicating zero selling pressure from funds.
📝 Top major projects worth a closer look:
🔸 #PENDLE - tokenization and yield trading are now a trend due to farm points, so this project looks very good to buy. The prospects can be quite great in the long run.
🔸 #MKR plays a key role in DeFi, offering lending, borrowing and governance features to its users. There are many very large updates ahead for the project, which can have an extremely positive impact on the price.
🔸 $SNX - Allows you to trade synthetic assets such as gold, oil and fiat without holding the actual asset. Top project with a cool idea, goal 5x minimum.
🔸 $ENS - Provides decentralized domain names ending in .eth, making it easier to use blockchain addresses. This asset is the most alive and alive and with the adoption of ether will definitely not be left out.
🔸 $RPL is ETH staking that allows users to stake their ETH in a decentralized manner. You can choose a competitor of your choice from the LRT/LSD sector. There is clearly potential here, since not everyone is ready to lock 32 ETH.
