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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) $ 104,865.10
ethereum
Ethereum (ETH) $ 2,545.19
tether
Tether (USDT) $ 1.00
xrp
XRP (XRP) $ 2.20
bnb
BNB (BNB) $ 660.59
solana
Solana (SOL) $ 157.72
usd-coin
USDC (USDC) $ 1.00
dogecoin
Dogecoin (DOGE) $ 0.194723
tron
TRON (TRX) $ 0.266439
cardano
Cardano (ADA) $ 0.692377
staked-ether
Lido Staked Ether (STETH) $ 2,542.62
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 104,903.11
hyperliquid
Hyperliquid (HYPE) $ 33.11
sui
Sui (SUI) $ 3.27
wrapped-steth
Wrapped stETH (WSTETH) $ 3,065.66
chainlink
Chainlink (LINK) $ 14.15
avalanche-2
Avalanche (AVAX) $ 21.02
stellar
Stellar (XLM) $ 0.266585
bitcoin-cash
Bitcoin Cash (BCH) $ 416.54
leo-token
LEO Token (LEO) $ 8.62
the-open-network
Toncoin (TON) $ 3.15
shiba-inu
Shiba Inu (SHIB) $ 0.000013
usds
USDS (USDS) $ 1.00
hedera-hashgraph
Hedera (HBAR) $ 0.168343
weth
WETH (WETH) $ 2,547.24
litecoin
Litecoin (LTC) $ 87.76
wrapped-eeth
Wrapped eETH (WEETH) $ 2,719.97
polkadot
Polkadot (DOT) $ 4.11
binance-bridged-usdt-bnb-smart-chain
Binance Bridged USDT (BNB Smart Chain) (BSC-USD) $ 1.00
monero
Monero (XMR) $ 322.70
bitget-token
Bitget Token (BGB) $ 4.73
ethena-usde
Ethena USDe (USDE) $ 1.00
pepe
Pepe (PEPE) $ 0.000012
pi-network
Pi Network (PI) $ 0.671433
coinbase-wrapped-btc
Coinbase Wrapped BTC (CBBTC) $ 104,907.11
whitebit
WhiteBIT Coin (WBT) $ 31.35
dai
Dai (DAI) $ 1.00
aave
Aave (AAVE) $ 254.08
bittensor
Bittensor (TAO) $ 431.42
uniswap
Uniswap (UNI) $ 6.16
crypto-com-chain
Cronos (CRO) $ 0.106922
ethena-staked-usde
Ethena Staked USDe (SUSDE) $ 1.18
okb
OKB (OKB) $ 50.57
aptos
Aptos (APT) $ 4.79
jito-staked-sol
Jito Staked SOL (JITOSOL) $ 190.45
near
NEAR Protocol (NEAR) $ 2.44
blackrock-usd-institutional-digital-liquidity-fund
BlackRock USD Institutional Digital Liquidity Fund (BUIDL) $ 1.00
tokenize-xchange
Tokenize Xchange (TKX) $ 33.23
ondo-finance
Ondo (ONDO) $ 0.838925
internet-computer
Internet Computer (ICP) $ 4.93