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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) $ 95,362.55
ethereum
Ethereum (ETH) $ 3,179.16
tether
Tether (USDT) $ 0.999595
xrp
XRP (XRP) $ 2.27
bnb
BNB (BNB) $ 927.27
usd-coin
USDC (USDC) $ 1.00
tron
TRON (TRX) $ 0.294429
staked-ether
Lido Staked Ether (STETH) $ 3,173.45
dogecoin
Dogecoin (DOGE) $ 0.160294
cardano
Cardano (ADA) $ 0.505007
figure-heloc
Figure Heloc (FIGR_HELOC) $ 1.04
wrapped-steth
Wrapped stETH (WSTETH) $ 3,859.27
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 95,101.48
whitebit
WhiteBIT Coin (WBT) $ 52.51
wrapped-beacon-eth
Wrapped Beacon ETH (WBETH) $ 3,437.29
hyperliquid
Hyperliquid (HYPE) $ 38.27
chainlink
Chainlink (LINK) $ 14.06
bitcoin-cash
Bitcoin Cash (BCH) $ 485.79
zcash
Zcash (ZEC) $ 591.44
usds
USDS (USDS) $ 1.00
binance-bridged-usdt-bnb-smart-chain
Binance Bridged USDT (BNB Smart Chain) (BSC-USD) $ 0.999407
weth
WETH (WETH) $ 3,170.80
leo-token
LEO Token (LEO) $ 9.21
stellar
Stellar (XLM) $ 0.262348
wrapped-eeth
Wrapped eETH (WEETH) $ 3,435.32
ethena-usde
Ethena USDe (USDE) $ 0.999210
litecoin
Litecoin (LTC) $ 98.71
monero
Monero (XMR) $ 392.15
coinbase-wrapped-btc
Coinbase Wrapped BTC (CBBTC) $ 95,057.47
hedera-hashgraph
Hedera (HBAR) $ 0.155326
avalanche-2
Avalanche (AVAX) $ 15.34
sui
Sui (SUI) $ 1.77
shiba-inu
Shiba Inu (SHIB) $ 0.000009
polkadot
Polkadot (DOT) $ 2.87
the-open-network
Toncoin (TON) $ 1.85
ethena-staked-usde
Ethena Staked USDe (SUSDE) $ 1.20
dai
Dai (DAI) $ 1.00
uniswap
Uniswap (UNI) $ 7.09
canton-network
Canton (CC) $ 0.118576
crypto-com-chain
Cronos (CRO) $ 0.116050
usdt0
USDT0 (USDT0) $ 1.00
world-liberty-financial
World Liberty Financial (WLFI) $ 0.146639
memecore
MemeCore (M) $ 2.31
mantle
Mantle (MNT) $ 1.19
susds
sUSDS (SUSDS) $ 1.08
paypal-usd
PayPal USD (PYUSD) $ 1.00
bittensor
Bittensor (TAO) $ 337.87
near
NEAR Protocol (NEAR) $ 2.38
internet-computer
Internet Computer (ICP) $ 5.45
usd1-wlfi
USD1 (USD1) $ 0.998722