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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) $ 110,748.67
ethereum
Ethereum (ETH) $ 4,291.51
tether
Tether (USDT) $ 1.00
xrp
XRP (XRP) $ 2.81
bnb
BNB (BNB) $ 858.90
solana
Solana (SOL) $ 202.56
usd-coin
USDC (USDC) $ 1.00
staked-ether
Lido Staked Ether (STETH) $ 4,284.92
dogecoin
Dogecoin (DOGE) $ 0.214224
tron
TRON (TRX) $ 0.331543
cardano
Cardano (ADA) $ 0.819751
wrapped-steth
Wrapped stETH (WSTETH) $ 5,203.37
chainlink
Chainlink (LINK) $ 22.10
wrapped-beacon-eth
Wrapped Beacon ETH (WBETH) $ 4,623.28
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 110,812.69
ethena-usde
Ethena USDe (USDE) $ 1.00
hyperliquid
Hyperliquid (HYPE) $ 46.62
figure-heloc
Figure Heloc (FIGR_HELOC) $ 1.00
bitcoin-cash
Bitcoin Cash (BCH) $ 601.32
sui
Sui (SUI) $ 3.35
wrapped-eeth
Wrapped eETH (WEETH) $ 4,609.06
stellar
Stellar (XLM) $ 0.356753
avalanche-2
Avalanche (AVAX) $ 24.11
weth
WETH (WETH) $ 4,297.75
hedera-hashgraph
Hedera (HBAR) $ 0.215625
crypto-com-chain
Cronos (CRO) $ 0.266272
leo-token
LEO Token (LEO) $ 9.55
litecoin
Litecoin (LTC) $ 111.40
usds
USDS (USDS) $ 0.999986
the-open-network
Toncoin (TON) $ 3.05
shiba-inu
Shiba Inu (SHIB) $ 0.000012
binance-bridged-usdt-bnb-smart-chain
Binance Bridged USDT (BNB Smart Chain) (BSC-USD) $ 1.00
coinbase-wrapped-btc
Coinbase Wrapped BTC (CBBTC) $ 110,812.69
whitebit
WhiteBIT Coin (WBT) $ 42.35
polkadot
Polkadot (DOT) $ 3.80
ethena-staked-usde
Ethena Staked USDe (SUSDE) $ 1.20
uniswap
Uniswap (UNI) $ 9.26
world-liberty-financial
World Liberty Financial (WLFI) $ 0.198357
ethena
Ethena (ENA) $ 0.742503
monero
Monero (XMR) $ 269.98
aave
Aave (AAVE) $ 299.65
dai
Dai (DAI) $ 1.00
bitget-token
Bitget Token (BGB) $ 4.81
okb
OKB (OKB) $ 194.97
pepe
Pepe (PEPE) $ 0.000010
mantle
Mantle (MNT) $ 1.17
ethereum-classic
Ethereum Classic (ETC) $ 20.27
bittensor
Bittensor (TAO) $ 315.44
jito-staked-sol
Jito Staked SOL (JITOSOL) $ 248.91
near
NEAR Protocol (NEAR) $ 2.38