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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) $ 96,899.96
ethereum
Ethereum (ETH) $ 2,689.54
xrp
XRP (XRP) $ 2.74
tether
Tether (USDT) $ 1.00
solana
Solana (SOL) $ 199.79
bnb
BNB (BNB) $ 663.39
usd-coin
USDC (USDC) $ 1.00
dogecoin
Dogecoin (DOGE) $ 0.272140
cardano
Cardano (ADA) $ 0.806967
staked-ether
Lido Staked Ether (STETH) $ 2,689.03
tron
TRON (TRX) $ 0.231876
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 96,804.94
chainlink
Chainlink (LINK) $ 19.04
sui
Sui (SUI) $ 3.57
stellar
Stellar (XLM) $ 0.355423
wrapped-steth
Wrapped stETH (WSTETH) $ 3,225.40
avalanche-2
Avalanche (AVAX) $ 26.09
litecoin
Litecoin (LTC) $ 129.79
shiba-inu
Shiba Inu (SHIB) $ 0.000017
the-open-network
Toncoin (TON) $ 3.78
hyperliquid
Hyperliquid (HYPE) $ 27.29
leo-token
LEO Token (LEO) $ 9.79
hedera-hashgraph
Hedera (HBAR) $ 0.232779
usds
USDS (USDS) $ 1.00
weth
WETH (WETH) $ 2,689.55
polkadot
Polkadot (DOT) $ 5.22
bitcoin-cash
Bitcoin Cash (BCH) $ 342.88
bitget-token
Bitget Token (BGB) $ 5.59
ethena-usde
Ethena USDe (USDE) $ 0.999947
uniswap
Uniswap (UNI) $ 9.95
wrapped-eeth
Wrapped eETH (WEETH) $ 2,863.46
mantra-dao
MANTRA (OM) $ 5.55
pepe
Pepe (PEPE) $ 0.000010
ondo-finance
Ondo (ONDO) $ 1.33
monero
Monero (XMR) $ 226.40
near
NEAR Protocol (NEAR) $ 3.48
aave
Aave (AAVE) $ 259.24
whitebit
WhiteBIT Coin (WBT) $ 27.14
official-trump
Official Trump (TRUMP) $ 18.99
aptos
Aptos (APT) $ 6.17
internet-computer
Internet Computer (ICP) $ 7.24
dai
Dai (DAI) $ 1.00
mantle
Mantle (MNT) $ 1.03
bittensor
Bittensor (TAO) $ 390.88
susds
sUSDS (SUSDS) $ 1.04
ethereum-classic
Ethereum Classic (ETC) $ 21.35
okb
OKB (OKB) $ 52.38
gatechain-token
Gate (GT) $ 23.54
vechain
VeChain (VET) $ 0.035075
polygon-ecosystem-token
POL (ex-MATIC) (POL) $ 0.321245