Kaiko Research: DeFi tokens such as UNI may perform well in the second half of 2025

Odaily News DeFi tokens could outperform in the second half of 2025, Adam McCarthy and Dessislava Aubert, research analysts at crypto data firm Kaiko Research, wrote in a report. The firm's DeFi Index (KSDEFI), which is comprised of 11 DeFi tokens, with the highest weights being UNI, AAVE and ONDO, has outperformed Ether (ETH) since its launch in October 2023, with a return of about 75% during that period. The report said at least four of the tokens have strong tailwinds for the rest of the year. "This outperformance is likely to continue into the second half of 2025 as several assets in the index benefit from strong tailwinds," the report said. "This trend highlights the declining correlation between the DeFi Index and ETH over time as the decentralized finance sector continues to expand outside the Ethereum ecosystem."