The altcoin sector has been changing in the past two days. $COMP $AAVE $UNI etc. The token prices of DeFi 1.0 protocols are rising rapidly. COMP surged nearly 40% but has since fallen back about 13%, as has AAVE. Today, Arb and Blur, two new coins produced this year, have also seen some improvement. Although it is not as fierce as DeFi 1.0, it is still stronger than its previous performance.

No one seems to really know what’s behind the rise, but a pick-up is good for the cryptocurrency industry.

More bullishness on DeFi 1.0 protocols may be a sign of traditional investors entering the space, evaluating protocols based on fundamentals rather than hype and Ponzi economics. Once the basic investment approach becomes more widely adopted, it will incentivize more protocols to start focusing on tangible value creation.

Of course, maybe I am just over-analyzing this. Maybe this is a one-time trend and there will be no follow-up at all. But I prefer to believe in good results.