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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) $ 85,123.81
ethereum
Ethereum (ETH) $ 1,598.80
tether
Tether (USDT) $ 1.00
xrp
XRP (XRP) $ 2.11
bnb
BNB (BNB) $ 584.81
solana
Solana (SOL) $ 129.53
usd-coin
USDC (USDC) $ 1.00
tron
TRON (TRX) $ 0.252665
dogecoin
Dogecoin (DOGE) $ 0.155093
cardano
Cardano (ADA) $ 0.611588
staked-ether
Lido Staked Ether (STETH) $ 1,597.64
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 85,021.78
leo-token
LEO Token (LEO) $ 9.40
avalanche-2
Avalanche (AVAX) $ 19.12
chainlink
Chainlink (LINK) $ 12.34
stellar
Stellar (XLM) $ 0.236386
the-open-network
Toncoin (TON) $ 2.88
usds
USDS (USDS) $ 1.00
shiba-inu
Shiba Inu (SHIB) $ 0.000012
sui
Sui (SUI) $ 2.10
wrapped-steth
Wrapped stETH (WSTETH) $ 1,917.21
hedera-hashgraph
Hedera (HBAR) $ 0.159012
bitcoin-cash
Bitcoin Cash (BCH) $ 322.66
litecoin
Litecoin (LTC) $ 75.28
polkadot
Polkadot (DOT) $ 3.57
hyperliquid
Hyperliquid (HYPE) $ 15.89
bitget-token
Bitget Token (BGB) $ 4.35
binance-bridged-usdt-bnb-smart-chain
Binance Bridged USDT (BNB Smart Chain) (BSC-USD) $ 1.00
ethena-usde
Ethena USDe (USDE) $ 0.999469
weth
WETH (WETH) $ 1,597.01
pi-network
Pi Network (PI) $ 0.609538
monero
Monero (XMR) $ 218.30
whitebit
WhiteBIT Coin (WBT) $ 27.79
wrapped-eeth
Wrapped eETH (WEETH) $ 1,700.74
coinbase-wrapped-btc
Coinbase Wrapped BTC (CBBTC) $ 85,073.79
dai
Dai (DAI) $ 1.00
uniswap
Uniswap (UNI) $ 5.19
okb
OKB (OKB) $ 51.69
pepe
Pepe (PEPE) $ 0.000007
aptos
Aptos (APT) $ 4.66
gatechain-token
Gate (GT) $ 22.47
tokenize-xchange
Tokenize Xchange (TKX) $ 33.82
ondo-finance
Ondo (ONDO) $ 0.832003
susds
sUSDS (SUSDS) $ 1.05
blackrock-usd-institutional-digital-liquidity-fund
BlackRock USD Institutional Digital Liquidity Fund (BUIDL) $ 1.00
near
NEAR Protocol (NEAR) $ 1.98
mantle
Mantle (MNT) $ 0.696868
internet-computer
Internet Computer (ICP) $ 4.71
crypto-com-chain
Cronos (CRO) $ 0.082845
ethereum-classic
Ethereum Classic (ETC) $ 14.95