With the ETH ETF boom, which DeFi 1.0 projects are worth watching?
TechFlow Selected TechFlow Selected
With the ETH ETF boom, which DeFi 1.0 projects are worth watching?
As a cornerstone of the $ETH ecosystem, DeFi 1.0 may be poised for repricing.
Navigating Web3 tides with focused insightsAuthor: Crypto, Distilled
Compiled by: TechFlow
Recent news about $ETH ETFs has sparked significant market interest in $ETH beta. However, amid strong demand for high-quality, high-liquidity tokens, where are the best opportunities?
DeFi 1.0, despite being rich with genuinely valuable projects, is often overshadowed by high-risk speculative ventures and trendy but substance-lacking memes—and may precisely be where the key lies.
Here’s what matters:
1.$UNI DEX
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L2 trading volume surged 650% over two years.
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Uniswap V4 scheduled for launch in Q3.
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DAO proposed activating a $3.3B "fee switch" in February.
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Received Wells notice in April.
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$UNI responded, claiming that 65% of its trading volume consists of clearly non-security assets.
2.$AAVE - Money Markets
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Third-largest DeFi protocol, with TVL exceeding $10B.
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Approved to deploy Aave V3 on Solana in Q1.
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Launched unified cross-chain liquidity solution Aave V4 on May 1; prototyping begins in Q4.
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Aave's TVL nearly doubled year-to-date.
3.$ENS - Naming Service
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In February, ENS partnered with GoDaddy to simplify wallet-to-web linking.
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In March, Google integrated wallet balances with Ethereum Name Service (ENS) domains on $ETH.
4.$LINK Oracle
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In April, $LINK launched the cross-chain bridge application "Transporter," enhancing token transfer security.
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In May, DTCC completed a $LINK pilot to accelerate fund tokenization across multiple blockchains.
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Participants included Franklin Templeton, Invesco, JPMorgan, State Street, and others.
5.$MKR - The DAO Behind $DAI
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May: $MKR unveiled its "endgame" strategy.
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Introduced two new stablecoins: NewStable and PureDAI, aiming to surpass $DAI.
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NewStable focuses on utility and scalability, backed by RWAs.
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PureDAI aims for decentralization, backed by assets like ETH.
6.$LDO Leading Liquid Staking
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In February, $LDO TVL surpassed $30B.
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By April, $LDO reached 1M+ validators.
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As the leading liquid staking protocol, $LDO manages over 25% of all staked ETH.
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Tailwind: ETH staking growth is 20x faster than ETH issuance.
Final Thoughts
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As foundational pillars of the $ETH ecosystem, DeFi 1.0 may be poised for repricing.
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The market landscape is dynamic; remain cautious as ETF developments unfold.
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As always, not financial advice.
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