Expert Expects a Giant Explosion in the Altcoin Sector: He Named the Coin!

The decentralized finance (DeFi) sector on the Ethereum network may be poised to make a big splash. Ryan Watkins, co-founder of Syncracy Capital, states that DeFi is in its strongest period since 2020. Reasons for this optimism include increased revenue volume, technology upgrades, and spot Ethereum exchange-traded funds (ETFs) pending approval by the United States Securities and Exchange Commission (SEC).

Watkins emphasizes that DeFi leaders are generating record revenues and their valuations are at historic lows. This creates attractive opportunities for investors. Leading DeFi apps Lido, MakerDAO, Uniswap, and Aave have seen their revenues grow beyond 2022 peaks. For example, while Aave's 2022 annual revenue was 500 million dollars, it broke a record with 750 million dollars in May 2024.

Increasing Revenues Could Benefit the Ethereum DeFi Sector

Further revenue growth is expected with major updates from DeFi leaders. Innovations such as Maker's Endgame and Uniswap V4 will support this growth. The introduction of the Ethereum ETF could also bring new interest to the Ethereum economy. Although DeFi has faced a difficult regulatory environment since the “Summer of DeFi,” conditions are gradually improving and the overall narrative is becoming more positive.

Watkins argues that DeFi will benefit from positive momentum if the long-term uptrend continues. Market experts are optimistic that more and more users will show interest in the opportunities offered by DeFi and growth will accelerate. Although Uniswap is yet to generate revenue, the fee switch is expected to be activated soon.

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