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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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Approfitta degli sconti
*valido dal 25/11 al 8/12
X
bitcoin
Bitcoin (BTC) $ 95,471.58
ethereum
Ethereum (ETH) $ 3,568.20
xrp
XRP (XRP) $ 2.54
tether
Tether (USDT) $ 0.998801
solana
Solana (SOL) $ 223.40
bnb
BNB (BNB) $ 646.41
dogecoin
Dogecoin (DOGE) $ 0.407280
cardano
Cardano (ADA) $ 1.20
usd-coin
USDC (USDC) $ 0.998427
staked-ether
Lido Staked Ether (STETH) $ 3,564.84
tron
TRON (TRX) $ 0.278497
avalanche-2
Avalanche (AVAX) $ 50.18
the-open-network
Toncoin (TON) $ 6.61
shiba-inu
Shiba Inu (SHIB) $ 0.000028
stellar
Stellar (XLM) $ 0.511068
wrapped-steth
Wrapped stETH (WSTETH) $ 4,238.12
chainlink
Chainlink (LINK) $ 24.06
polkadot
Polkadot (DOT) $ 9.58
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 95,134.49
hedera-hashgraph
Hedera (HBAR) $ 0.341695
sui
Sui (SUI) $ 3.77
bitcoin-cash
Bitcoin Cash (BCH) $ 535.93
weth
WETH (WETH) $ 3,568.72
litecoin
Litecoin (LTC) $ 128.04
near
NEAR Protocol (NEAR) $ 7.07
uniswap
Uniswap (UNI) $ 14.21
pepe
Pepe (PEPE) $ 0.000020
leo-token
LEO Token (LEO) $ 8.87
aptos
Aptos (APT) $ 13.94
wrapped-eeth
Wrapped eETH (WEETH) $ 3,775.31
internet-computer
Internet Computer (ICP) $ 13.86
polygon-ecosystem-token
POL (ex-MATIC) (POL) $ 0.694387
usds
USDS (USDS) $ 0.992587
crypto-com-chain
Cronos (CRO) $ 0.191671
vechain
VeChain (VET) $ 0.063571
fetch-ai
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ethereum-classic
Ethereum Classic (ETC) $ 32.35
ethena-usde
Ethena USDe (USDE) $ 0.999612
algorand
Algorand (ALGO) $ 0.556390
render-token
Render (RENDER) $ 8.67
bittensor
Bittensor (TAO) $ 599.66
filecoin
Filecoin (FIL) $ 7.08
arbitrum
Arbitrum (ARB) $ 1.02
kaspa
Kaspa (KAS) $ 0.153842
aave
Aave (AAVE) $ 247.12
cosmos
Cosmos Hub (ATOM) $ 9.30
fantom
Fantom (FTM) $ 1.29
mantra-dao
MANTRA (OM) $ 3.90
dai
Dai (DAI) $ 0.997718
blockstack
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