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2 min read 06 Nov 2024

The future of crypto finance (DeFi): the revolution begins with Trump

By Daniele Corno

With Donald Trump as president, the industry expects clear, pro-development laws: the future of crypto finance (DeFi) is here

The future of crypto finance (DeFi): the revolution begins with Trump

The last obstacles fall

Walls fall and the entire market opens the door to new horizons, the decentralized finance (DeFi) industry is ready for a new future.

It has been a difficult few years, full of regulatory hurdlesthat have not been conducive to free development for the sector. The road however, seems to have taken a new direction a with the election of Republican candidate Donald Trump.

The promise to remove Gary Gansler from his role as Chairman of the SEC, the support shown by Trump in his campaign promises, and the previous launch of the DeFi WLFI project, supported by the new president, open the door to a rosy future full of new developments.

The road also reopens for Ethereum

Ethereum has suffered greatly over the past three years, especially when compared to the performance of Bitcoin.

The price of the exchange, is currently at its lowest values in three years, at a trading level of 0.03 BTC per ETH, a sign that the market’s focus was solely on Bitcoin.

However, with the advent of Donald Trump ‘s presidency , Ethereum has the potential to shine again.

DeFi's future starts here again

The market has awakened after a long rest, with favorable regulations, decentralized finance (DeFi) is ready to write a new chapter.

Thefirst results, the fastest, are related to the performance of the main tokens in the sector: UNI, token of the largest decentralized exchange marks a +30% on the daily, followed by the largest lending market AAVE, with the token of the same name recording a +25%, double-digit performance also for tokens such as LDO, SNX, LINK and PENDLE.

The first reaction of the market is now clear, a favorable environment for development offers room for growth for the entire sector. This movement therefore indicates the first movement of a long path of growth, technology development and adoption deployment.

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Resta aggiornato in tempo reale con le notizie importanti, dati e analisi ESCLUSIVE

bitcoin
Bitcoin (BTC) $ 102,695.52
ethereum
Ethereum (ETH) $ 3,291.50
xrp
XRP (XRP) $ 3.12
tether
Tether (USDT) $ 0.999782
solana
Solana (SOL) $ 233.93
bnb
BNB (BNB) $ 700.01
dogecoin
Dogecoin (DOGE) $ 0.397303
usd-coin
USDC (USDC) $ 1.00
cardano
Cardano (ADA) $ 1.07
staked-ether
Lido Staked Ether (STETH) $ 3,284.81
tron
TRON (TRX) $ 0.241695
avalanche-2
Avalanche (AVAX) $ 39.43
chainlink
Chainlink (LINK) $ 23.82
sui
Sui (SUI) $ 4.69
stellar
Stellar (XLM) $ 0.459107
hedera-hashgraph
Hedera (HBAR) $ 0.354113
wrapped-steth
Wrapped stETH (WSTETH) $ 3,909.59
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 102,350.42
shiba-inu
Shiba Inu (SHIB) $ 0.000023
the-open-network
Toncoin (TON) $ 5.35
polkadot
Polkadot (DOT) $ 7.05
weth
WETH (WETH) $ 3,290.38
litecoin
Litecoin (LTC) $ 125.72
bitcoin-cash
Bitcoin Cash (BCH) $ 464.63
leo-token
LEO Token (LEO) $ 9.76
uniswap
Uniswap (UNI) $ 14.11
bitget-token
Bitget Token (BGB) $ 6.99
pepe
Pepe (PEPE) $ 0.000019
hyperliquid
Hyperliquid (HYPE) $ 21.79
wrapped-eeth
Wrapped eETH (WEETH) $ 3,477.53
usds
USDS (USDS) $ 0.999150
near
NEAR Protocol (NEAR) $ 5.41
ethena-usde
Ethena USDe (USDE) $ 0.999710
aptos
Aptos (APT) $ 9.23
internet-computer
Internet Computer (ICP) $ 10.60
aave
Aave (AAVE) $ 314.49
vechain
VeChain (VET) $ 0.052060
monero
Monero (XMR) $ 219.05
ethereum-classic
Ethereum Classic (ETC) $ 26.79
polygon-ecosystem-token
POL (ex-MATIC) (POL) $ 0.475617
render-token
Render (RENDER) $ 7.52
crypto-com-chain
Cronos (CRO) $ 0.137681
algorand
Algorand (ALGO) $ 0.443136
bittensor
Bittensor (TAO) $ 453.82
kaspa
Kaspa (KAS) $ 0.144006
mantle
Mantle (MNT) $ 1.07
dai
Dai (DAI) $ 1.00
mantra-dao
MANTRA (OM) $ 3.71
fetch-ai
Artificial Superintelligence Alliance (FET) $ 1.33
okb
OKB (OKB) $ 56.44