Donald Trump’s victory in the presidential election in the United States had significant impacts not only on the political arena but also on the financial markets. This development also increased the activity in the decentralized finance (DeFi) ecosystem. Leading DeFi projects such as Aave and Uniswap experienced significant increases in their values after Trump’s victory.
AAVE and UNI Stand Out Among DeFi Altcoin Projects$AAVE
Donald Trump’s victory in the presidential election has given a huge boost to DeFi tokens like Aave and Uniswap. The positive price increase of Aave is attributed to its possible partnership with the World Liberty Financial project, which is associated with Trump. This partnership helped Aave gain 24% in value in the last 24 hours. Uniswap, on the other hand, increased by 30% in the same period. These price increases were shaped by the political changes in global markets after Trump’s election victory.
Speculations about Aave have gained momentum, particularly with plans by the Trump-aligned World Liberty Financial project to partner with Aave. On Oct. 9, World Liberty Financial submitted a proposal to AaveDAO requesting approval to launch their platform on Aave V3. They also offered to share 20% of transaction fees and 7% of governance tokens with AaveDAO.
Big Rise in DeFi Projects
Following Trump’s election victory, DeFi projects also saw double-digit gains. In addition to the strong performance of Uniswap and Aave, Maker, Compound, and Lido increased by 11%, 12%, and 17%, respectively. As of today, the value of the global cryptocurrency market has reached $2.57 trillion, an increase of more than 6% in the last 24 hours. In the same period, the total trading volume reached $257 billion.
According to market data, the price of Bitcoin, the largest crypto asset, is trading above $74,300 and has remained generally stable over the past 24 hours. Bitcoin, in terms of market value,
Donald Trump’s victory in the presidential election in the United States had significant impacts not only on the political arena but also on the financial markets. This development also increased the activity in the decentralized finance (DeFi) ecosystem. Leading DeFi projects such as Aave and Uniswap experienced significant increases in their values after Trump’s victory.
AAVE and UNI Stand Out Among DeFi Altcoin Projects
Donald Trump’s victory in the presidential election has given a huge boost to DeFi tokens like Aave and Uniswap. The positive price increase of Aave is attributed to its possible partnership with the World Liberty Financial project, which is associated with Trump. This partnership helped Aave gain 24% in value in the last 24 hours. Uniswap, on the other hand, increased by 30% in the same period. These price increases were shaped by the political changes in global markets after Trump’s election victory.
Speculations about Aave have gained momentum, particularly with plans by the Trump-aligned World Liberty Financial project to partner with Aave. On Oct. 9, World Liberty Financial submitted a proposal to AaveDAO requesting approval to launch their platform on Aave V3. They also offered to share 20% of transaction fees and 7% of governance tokens with AaveDAO.
Big Rise in DeFi Projects
Following Trump’s election victory, DeFi projects also saw double-digit gains. In addition to the strong performance of Uniswap and Aave, Maker, Compound, and Lido increased by 11%, 12%, and 17%, respectively. As of today, the value of the global cryptocurrency market has reached $2.57 trillion, an increase of more than 6% in the last 24 hours. In the same period, the total trading volume reached $257 billion.
According to market data, the price of Bitcoin, the largest crypto asset, is trading above $74,300 and has remained generally stable over the past 24 hours. Bitcoin has a 56.8% share in terms of market value, while Ethereum’s dominance is at 12.3%. In addition, the GMCI 30 index, which covers the top 30 cryptocurrencies, rose by 8.9% in the past 24 hours to 130.76.
Decentralized Finance (DeFi) Is On The Rise
Decentralized finance (DeFi) continues to be one of the areas of great interest in the crypto ecosystem. DeFi is a system that provides financial services using smart contracts, and these automated contracts use blockchain technology to replace traditional intermediaries, such as banks and lawyers. The growth in this area offers significant opportunities for investors and market players.
While it has a share of 56.8%, Ethereum’s dominance is at 12.3%. In addition, the GMCI 30 index, which covers the top 30 cryptocurrencies, increased by 8.9% in the last 24 hours to 130.76.
Decentralized Finance (DeFi) Is On The Rise
Decentralized finance (DeFi) continues to be one of the areas of great interest in the crypto ecosystem. DeFi is a system that provides financial services using smart contracts, and these automated contracts use blockchain technology to replace traditional intermediaries, such as banks and lawyers. The growth in this area offers significant opportunities for investors and market players.