With the ETH ETF boom, here are some DeFi 1.0 projects worth watching

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深潮TechFlow
1 months ago
This article is approximately 373 words,and reading the entire article takes about 1 minutes
In the context of high demand for premium, high circulation tokens, where are the best opportunities?

Original author: Crypto, Distilled

Original translation: TechFlow

Recent news about $ETH ETFs has sparked huge attention on $ETH beta. However, where are the best opportunities in the context of high-demand, high-volume tokens?

This may be the point, as DeFi 1.0, despite being rich with truly valuable projects, is overshadowed by risky speculative projects and popular but substance-less memes.

Here are the key takeaways:

With the ETH ETF boom, here are some DeFi 1.0 projects worth watching

1. $UNI DEX

  • L2 transaction volume surged 650% in two years.

  • Uniswap V4 is scheduled to be launched in Q3.

  • The DAO proposed activating a $3.3 B “fee switch” in February.

  • Received notice from Wells in April

  • $UNI responded by claiming that 65% of its volume consists of explicitly non-securities.

With the ETH ETF boom, here are some DeFi 1.0 projects worth watching

2. $AAVE - Money Market

  • The third largest DeFi protocol with a TVL of over $10 B.

  • Approval to deploy Aave V3 on Solana was obtained in the first quarter.

  • Aave V4, a unified cross-chain liquidity solution, was released on May 1; prototyping began in Q4.

  • Aave’s TVL has almost doubled year-to-date.

With the ETH ETF boom, here are some DeFi 1.0 projects worth watching

3. $ENS – Domain Name Service

  • In February, ENS partnered with GoDaddy to simplify linking wallets to web pages.

  • In March, Google integrated wallet balances with $ETH Name Service (ENS) domains.

With the ETH ETF boom, here are some DeFi 1.0 projects worth watching

4. $LINK Oracle

  • In April, $LINK launched the cross-chain bridge application Transporter to improve the security of token transfer

  • In May, DTCC $LINK completed a pilot to accelerate fund tokenization across multiple blockchains

  • Participants include Franklin Templeton, Invesco, JPMorgan Chase, State Street and others.

With the ETH ETF boom, here are some DeFi 1.0 projects worth watching

5. $MKR - The DAO behind $DAI

  • May: $MKR unveils their “end game” strategy.

  • Two new stablecoins were launched: NewStable and PureDAI to surpass $DAI .

  • NewStable focuses on practicality and scalability, and is supported by RWA.

  • PureDAI aims to be decentralized and is backed by assets such as ETH

With the ETH ETF boom, here are some DeFi 1.0 projects worth watching

6. $LDO dominates liquidity staking

  • In February, $LDO TVL exceeded $30B.

  • By April, $LDO reached 1M+ validators.

  • As the leading liquidity staking protocol, $LDO manages 25%+ of all staked ETH.

  • Tailwind: $ETH staking is growing 20 times faster than $ETH issuance.

With the ETH ETF boom, here are some DeFi 1.0 projects worth watching

Final Thoughts

  • As the backbone of the $ETH ecosystem, DeFi 1.0 may be ready to re-price.

  • The market landscape is dynamic; please exercise caution and caution as ETFs evolve.

  • As always, not financial advice

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