DeFi
The next big crypto trend?
Fintech giant BlackRock is set to invest $1 billion in the DeFi 1.0 sector. Gone are the days when only early adopters of Solana and AI altcoins were making millions. Now, with the backing of a major player like Blackrock, DeFi 1.0 could become the next big story of the 2024 crypto cycle. By Market observersDeFi 1.0 represents the first wave of decentralized finance, allowing people to invest and trade cryptocurrencies outside of traditional, centralized markets.
Experts believe DeFi 1.0 is the solution to crypto’s biggest problems
1. Most VC tokens are designed for VC profit, leaving retail traders as exit liquidity.
2. Memecoins are often subject to market manipulation by a small group of wallets.
According to analysts, most DeFi 1.0 tokens are fully vested without a large release of predatory venture capital. On the regulatory front, the SEC has softened its stance by dropping several lawsuits against the sector, paving the way for growth. Several major players in the trading industry, such as BlackRock, are eyeing Maker, a key DeFi 1.0 project.
Additionally, TradFi has expressed interest in Real-World Asset [RWA] sector after the involvement of BlackRock and Goldman Sachs could see further gains as an important catalyst for the evolution and growth of the Challenge sector. This includes enhanced legitimacy, increased liquidity, technological innovations, broader adoption and diversified assets.
Market experts have listed the best projects with the greatest potential.
BlackRock: Top DeFi Tokens to Watch
First on the list is the DeFi Pulse Index [DPI]a market cap-weighted index that tracks the performance of some of the largest protocols in the decentralized finance space. Market Cap: $51 million Price: $91.3 million
Pendle, a permissionless yield trading protocol that allows users to manage yield strategies through yield tokenization, traded on its AMM, is another notable project to get your hands on. Market Cap: $612 million. Price: $3.9. Synthetix is a decentralized protocol on Ethereum and Optimistic Ethereum, providing liquidity for synthetic assets. Market Cap: $569 million. Price: $1.7
MakerDAO is a decentralized platform where users generate the Dai stablecoin using crypto collateral. Governed by MKR token holders, it supports economic empowerment and equal access to global finance. Market cap: $2.6 billion. Price: $2,817
PEPE is a community currency fueled by meme culture that was launched on the sly with no pre-sale, no taxes, a burned LP, and a terminated contract. The currency aspires to take back the meme throne from Inu Coins.
Thanks to BlackRock’s massive investment, DeFi 1.0 is about to take off. While it may be tempting to jump on the next big crypto trend, it’s always advisable to do your research before investing in any of the projects above.