Author: Crypto, Distilled

Compiled by: TechFlow

Recent news about $ETH ETFs has sparked huge attention on $ETH beta. However, where are the best opportunities in the context of high-demand, high-volume tokens?

DeFi 1.0, despite being rich with truly valuable projects, is overshadowed by risky speculative projects and popular but substantive memes, which may be the key point. Here are the key points:

  1. $UNI DEX

  • L2 transaction volume surged 650% in two years.

  • Uniswap V4 is scheduled to be launched in Q3.

  • The DAO proposed activating a $3.3B “fee switch” in February.

  • Received Wells notification in April

  • $UNI responded by claiming that 65% of its volume consists of explicitly non-securities.

  1. $AAVE - Money Market

  • The third largest DeFi protocol with a TVL of over $10B.

  • Approval to deploy Aave V3 on Solana was obtained in the first quarter.

  • Aave V4, a unified cross-chain liquidity solution, was released on May 1; prototyping began in Q4.

  • Aave’s TVL has almost doubled year-to-date.

  1. $ENS - Domain Name Service

  • In February, ENS partnered with GoDaddy to simplify linking wallets to web pages.

  • In March, Google integrated $ETH wallet balances with the $ETH Name Service (ENS) domain.

  1. $LINK Oracle

  • In April, $LINK launched the cross-chain bridge application "Transporter" to improve the security of token transfer

  • In May, DTCC $LINK completed a pilot to accelerate fund tokenization across multiple blockchains

  • Participants include Franklin Templeton, Invesco, JPMorgan Chase, State Street and others.

  1. $MKR - The DAO behind $DAI

  • May: $MKR unveils their “end game” strategy.

  • Two new stablecoins were launched: NewStable and PureDAI to surpass $DAI.

  • NewStable focuses on practicality and scalability, powered by RWA.

  • PureDAI aims to be decentralized and is backed by assets such as ETH

  1. $LDO Dominates Liquidity Staking

  • In February, $LDO TVL exceeded $30B.

  • By April, $LDO reached 1M+ validators.

  • As the leading liquidity staking protocol, $LDO manages 25%+ of all staked ETH.

  • Tailwind: $ETH staking is growing 20x the rate of $ETH issuance.

Final Thoughts

  • As the backbone of the $ETH ecosystem, DeFi 1.0 may be ready to re-price.

  • The market landscape is dynamic; please exercise caution and caution as ETFs evolve.

  • As always, not financial advice