BlackRock invests in DeFi 1.0 sector, heralding a 100x increase!
If you missed Memes, RWA, and AI, don’t worry
This is the next story that's about to break out. Here are 10 projects with moonshot potential
DeFi 1.0 refers to the first generation of decentralized finance
It includes lending and trading protocols on the blockchain.
With support from heavyweights like BlackRock, DeFi 1.0 could become the dominant conversation in 2024.
BlackRock recently showed interest in MakerDAO, a leading project in the DeFi 1.0 space
Additionally, A16Z has accumulated $17 million worth of $MKR in the summer of 2023
These factors indicate that big players have strong interest in tokens in this space
Here are the reasons
In addition to BlackRock’s interest, there are two key factors that could start a new story:
With the SEC dropping its lawsuit, DeFi now has a chance to grow.
The supply of most DeFi 1.0 tokens is fully unlocked, indicating zero selling pressure from VCs
Early buyers always have a good chance of profiting
So, after analyzing over 100 projects, I picked out the 7 best ones.
Here is a list of coins that will outperform the market in the coming months
@pendle_fi / $PENDLE
Pendle tokenizes and trades future earnings.
It manages earnings risk and leverages the future value of earnings assets.
Market value: $709 million
Price: $4.54
@MakerDAO / $MKR
MakerDAO manages the DAI stablecoin.
It plays a key role in DeFi, providing lending and governance capabilities to users.
Market value: $2.6 billion
Price: $2,796
@synthetix_io / $SNX
Synthetix allows you to trade synthetic assets like gold, oil, and fiat currencies without holding the actual assets.
Market value: $622.8 million
Price: $1.90
@compoundfinance / $COMP
Compound is the leading DeFi protocol on the ETH blockchain for lending and borrowing assets.
Market value: $351.4 million
Price: $51.26
@Rocket_Pool / $RPL
Rocket Pool is an ETH staking pool that allows users to stake their ETH in a decentralized manner.
This lowers the barrier to entry for staking
Market value: $392.2 million
Price: $19.10
@ensdomains / $ENS
ENS provides decentralized domain names ending in .eth, simplifying the use of blockchain addresses.
These domains can be linked to wallets, smart contracts, and other services.
Market value: $852.4 million
Price: $25.95
@aave / $AAVE
Aave is a decentralized lending system that allows users to lend and borrow various cryptocurrencies without the need for a middleman.
Market value: $1.45 billion
Price: $97.75
All content in this post reflects my personal opinions and does not constitute financial advice.
