• bitcoinBitcoin (BTC) $ 107,748.00
  • ethereumEthereum (ETH) $ 2,527.17
  • tetherTether (USDT) $ 0.999956
  • xrpXRP (XRP) $ 2.26
  • bnbBNB (BNB) $ 658.13
  • solanaSolana (SOL) $ 148.86
  • usd-coinUSDC (USDC) $ 0.999857
  • tronTRON (TRX) $ 0.286629
  • dogecoinDogecoin (DOGE) $ 0.166650
  • staked-etherLido Staked Ether (STETH) $ 2,525.88
  • cardanoCardano (ADA) $ 0.575314
  • wrapped-bitcoinWrapped Bitcoin (WBTC) $ 107,589.00
  • hyperliquidHyperliquid (HYPE) $ 38.16
  • wrapped-stethWrapped stETH (WSTETH) $ 3,052.30
  • bitcoin-cashBitcoin Cash (BCH) $ 495.19
  • suiSui (SUI) $ 2.84
  • chainlinkChainlink (LINK) $ 13.25
  • leo-tokenLEO Token (LEO) $ 9.04
  • stellarStellar (XLM) $ 0.246372
  • avalanche-2Avalanche (AVAX) $ 17.78
  • usdsUSDS (USDS) $ 0.999811
  • shiba-inuShiba Inu (SHIB) $ 0.000012
  • wrapped-eethWrapped eETH (WEETH) $ 2,707.04
  • the-open-networkToncoin (TON) $ 2.73
  • hedera-hashgraphHedera (HBAR) $ 0.156283
  • wethWETH (WETH) $ 2,526.65
  • litecoinLitecoin (LTC) $ 85.68
  • whitebitWhiteBIT Coin (WBT) $ 44.95
  • binance-bridged-usdt-bnb-smart-chainBinance Bridged USDT (BNB Smart Chain) (BSC-USD) $ 0.999547
  • moneroMonero (XMR) $ 313.31
  • coinbase-wrapped-btcCoinbase Wrapped BTC (CBBTC) $ 107,706.00
  • ethena-usdeEthena USDe (USDE) $ 0.999646
  • polkadotPolkadot (DOT) $ 3.34
  • bitget-tokenBitget Token (BGB) $ 4.29
  • uniswapUniswap (UNI) $ 7.36
  • aaveAave (AAVE) $ 279.08
  • pepePepe (PEPE) $ 0.000010
  • daiDai (DAI) $ 0.999952
  • pi-networkPi Network (PI) $ 0.453693
  • ethena-staked-usdeEthena Staked USDe (SUSDE) $ 1.18
  • okbOKB (OKB) $ 48.05
  • bittensorBittensor (TAO) $ 317.69
  • blackrock-usd-institutional-digital-liquidity-fundBlackRock USD Institutional Digital Liquidity Fund (BUIDL) $ 1.00
  • aptosAptos (APT) $ 4.38
  • jito-staked-solJito Staked SOL (JITOSOL) $ 180.65
  • nearNEAR Protocol (NEAR) $ 2.13
  • internet-computerInternet Computer (ICP) $ 4.72
  • ethereum-classicEthereum Classic (ETC) $ 16.41
  • crypto-com-chainCronos (CRO) $ 0.080122
  • ondo-financeOndo (ONDO) $ 0.773287
  • susdssUSDS (SUSDS) $ 1.06
  • usd1-wlfiUSD1 (USD1) $ 0.999989
  • kaspaKaspa (KAS) $ 0.074750
  • fasttokenFasttoken (FTN) $ 4.44
  • mantleMantle (MNT) $ 0.559289
  • gatechain-tokenGate (GT) $ 15.53
  • cosmosCosmos Hub (ATOM) $ 4.01
  • bonkBonk (BONK) $ 0.000023
  • vechainVeChain (VET) $ 0.020197
  • fetch-aiArtificial Superintelligence Alliance (FET) $ 0.665497
  • official-trumpOfficial Trump (TRUMP) $ 8.52
  • skySky (SKY) $ 0.078965
  • polygon-ecosystem-tokenPOL (ex-MATIC) (POL) $ 0.183216
  • lombard-staked-btcLombard Staked BTC (LBTC) $ 107,612.00
  • arbitrumArbitrum (ARB) $ 0.326421
  • render-tokenRender (RENDER) $ 3.13
  • ethenaEthena (ENA) $ 0.253482
  • quant-networkQuant (QNT) $ 106.64
  • binance-peg-wethBinance-Peg WETH (WETH) $ 2,527.79
  • filecoinFilecoin (FIL) $ 2.25
  • jupiter-perpetuals-liquidity-provider-tokenJupiter Perpetuals Liquidity Provider Token (JLP) $ 4.47
  • algorandAlgorand (ALGO) $ 0.173943
  • worldcoin-wldWorldcoin (WLD) $ 0.861827
  • usdtbUSDtb (USDTB) $ 0.999763
  • first-digital-usdFirst Digital USD (FDUSD) $ 0.998144
  • kucoin-sharesKuCoin (KCS) $ 11.03
  • binance-staked-solBinance Staked SOL (BNSOL) $ 157.81
  • sei-networkSei (SEI) $ 0.249441
  • usdt0USDT0 (USDT0) $ 1.00
  • jupiter-exchange-solanaJupiter (JUP) $ 0.430749
  • kelp-dao-restaked-ethKelp DAO Restaked ETH (RSETH) $ 2,648.49
  • nexoNEXO (NEXO) $ 1.21
  • rocket-pool-ethRocket Pool ETH (RETH) $ 2,879.91
  • spx6900SPX6900 (SPX) $ 1.24
  • flare-networksFlare (FLR) $ 0.016215
  • fartcoinFartcoin (FARTCOIN) $ 1.09
  • celestiaCelestia (TIA) $ 1.55
  • xdce-crowd-saleXDC Network (XDC) $ 0.066919
  • polygon-bridged-usdt-polygonPolygon Bridged USDT (Polygon) (USDT) $ 0.999940
  • injective-protocolInjective (INJ) $ 10.35
  • binance-bridged-usdc-bnb-smart-chainBinance Bridged USDC (BNB Smart Chain) (USDC) $ 0.999609
  • sonic-3Sonic (S) $ 0.305546
  • blockstackStacks (STX) $ 0.640555
  • virtual-protocolVirtuals Protocol (VIRTUAL) $ 1.49
  • mantle-staked-etherMantle Staked Ether (METH) $ 2,697.08
  • syrupusdcSyrupUSDC (SYRUPUSDC) $ 1.11
  • stakewise-v3-osethStakeWise Staked ETH (OSETH) $ 2,654.13
  • optimismOptimism (OP) $ 0.537729
  • pax-goldPAX Gold (PAXG) $ 3,337.88
  • pudgy-penguinsPudgy Penguins (PENGU) $ 0.014523
  • solv-btcSolv Protocol BTC (SOLVBTC) $ 107,672.00
  • story-2Story (IP) $ 3.13
  • arbitrum-bridged-wbtc-arbitrum-oneArbitrum Bridged WBTC (Arbitrum One) (WBTC) $ 107,566.00
  • paypal-usdPayPal USD (PYUSD) $ 0.999674
  • wbnbWrapped BNB (WBNB) $ 658.52
  • kaiaKaia (KAIA) $ 0.149977
  • renzo-restaked-ethRenzo Restaked ETH (EZETH) $ 2,661.14
  • clbtcclBTC (CLBTC) $ 109,014.00
  • dogwifcoindogwifhat (WIF) $ 0.830528
  • tether-goldTether Gold (XAUT) $ 3,330.55
  • the-graphThe Graph (GRT) $ 0.082034
  • flokiFLOKI (FLOKI) $ 0.000083
  • jupiter-staked-solJupiter Staked SOL (JUPSOL) $ 166.80
  • pancakeswap-tokenPancakeSwap (CAKE) $ 2.24
  • immutable-xImmutable (IMX) $ 0.411018
  • vaultaVaulta (A) $ 0.484479
  • msolMarinade Staked SOL (MSOL) $ 194.31
  • liquid-staked-ethereumLiquid Staked ETH (LSETH) $ 2,728.83
  • ousgOUSG (OUSG) $ 111.71
  • curve-dao-tokenCurve DAO (CRV) $ 0.510568
  • superstate-short-duration-us-government-securities-fund-ustbSuperstate Short Duration U.S. Government Securities Fund (USTB) (USTB) $ 10.74
  • theta-tokenTheta Network (THETA) $ 0.679261
  • usdx-money-usdxStables Labs USDX (USDX) $ 0.998073
  • lido-daoLido DAO (LDO) $ 0.717945
  • jito-governance-tokenJito (JTO) $ 1.85
  • ondo-us-dollar-yieldOndo US Dollar Yield (USDY) $ 1.09
  • galaGALA (GALA) $ 0.013916
  • zcashZcash (ZEC) $ 38.39
  • ethereum-name-serviceEthereum Name Service (ENS) $ 18.36
  • wrapped-hypeWrapped HYPE (WHYPE) $ 38.03
  • iotaIOTA (IOTA) $ 0.155736
  • bittorrentBitTorrent (BTT) $ 0.00000061
  • saros-financeSaros (SAROS) $ 0.226167
  • solv-protocol-solvbtc-bbnSolv Protocol Staked BTC (XSOLVBTC) $ 107,482.00
  • the-sandboxThe Sandbox (SAND) $ 0.240725
  • usual-usdUsual USD (USD0) $ 0.997721
  • jasmycoinJasmyCoin (JASMY) $ 0.011978
  • aerodrome-financeAerodrome Finance (AERO) $ 0.669940
  • raydiumRaydium (RAY) $ 2.13
  • super-oethSuper OETH (SUPEROETH) $ 2,529.28
  • tbtctBTC (TBTC) $ 107,330.00
  • newton-projectAB (AB) $ 0.008368
  • pendlePendle (PENDLE) $ 3.37
  • walrus-2Walrus (WAL) $ 0.398386
  • falcon-financeFalcon USD (USDF) $ 0.999982
  • tezosTezos (XTZ) $ 0.519246
  • pyth-networkPyth Network (PYTH) $ 0.094699
  • mantle-restaked-ethMantle Restaked ETH (CMETH) $ 2,701.70
  • syrupMaple Finance (SYRUP) $ 0.506072
  • l2-standard-bridged-weth-baseL2 Standard Bridged WETH (Base) (WETH) $ 2,529.68
  • cgeth-hashkey-cloudcgETH Hashkey Cloud (CGETH.HASH) $ 2,657.23
  • flowFlow (FLOW) $ 0.323108
  • bitcoin-avalanche-bridged-btc-bAvalanche Bridged BTC (Avalanche) (BTC.B) $ 107,754.00
  • arbitrum-bridged-weth-arbitrum-oneArbitrum Bridged WETH (Arbitrum One) (WETH) $ 2,526.66
  • decentralandDecentraland (MANA) $ 0.258283
  • bitcoin-svBitcoin SV (BSV) $ 24.88
  • true-usdTrueUSD (TUSD) $ 0.996795
  • coredaoorgCore (CORE) $ 0.482846
  • ripple-usdRipple USD (RLUSD) $ 0.999589
  • venomVenom (VENOM) $ 0.228947
  • apecoinApeCoin (APE) $ 0.597060
  • staked-hypeStaked HYPE (STHYPE) $ 38.02
  • bridged-usdc-polygon-pos-bridgeBridged USDC (Polygon PoS Bridge) (USDC.E) $ 0.999901
  • thorchainTHORChain (RUNE) $ 1.31
  • chain-2Onyxcoin (XCN) $ 0.013470
  • heliumHelium (HNT) $ 2.41
  • dexeDeXe (DEXE) $ 7.65
  • beldexBeldex (BDX) $ 0.061021
  • apenftAPENFT (NFT) $ 0.00000044
  • dog-go-to-the-moon-runeDog (Bitcoin) (DOG) $ 0.004286
  • usddUSDD (USDD) $ 0.999427
  • binance-peg-dogecoinBinance-Peg Dogecoin (DOGE) $ 0.166807
  • morphoMorpho (MORPHO) $ 1.34
  • kavaKava (KAVA) $ 0.392303
  • based-brettBrett (BRETT) $ 0.041686
  • hashnote-usycCircle USYC (USYC) $ 1.09
  • usdbUSDB (USDB) $ 0.999391
  • reserve-rights-tokenReserve Rights (RSR) $ 0.006947
  • starknetStarknet (STRK) $ 0.109663
  • stader-ethxStader ETHx (ETHX) $ 2,686.99
  • movementMovement (MOVE) $ 0.148608
  • dydx-chaindYdX (DYDX) $ 0.511159
  • neoNEO (NEO) $ 5.37
  • mantle-bridged-usdt-mantleMantle Bridged USDT (Mantle) (USDT) $ 0.999437
  • compound-governance-tokenCompound (COMP) $ 40.19
  • elrond-erd-2MultiversX (EGLD) $ 13.14
  • mog-coinMog Coin (MOG) $ 0.00000095
  • conflux-tokenConflux (CFX) $ 0.072074
  • build-onBUILDon (B) $ 0.364950
  • ether-fi-staked-ethether.fi Staked ETH (EETH) $ 2,524.75
  • ether-fi-staked-btcEther.fi Staked BTC (EBTC) $ 107,385.00
  • ecasheCash (XEC) $ 0.000018
  • polygon-pos-bridged-dai-polygon-posPolygon PoS Bridged DAI (Polygon POS) (DAI) $ 0.999976
  • aioz-networkAIOZ Network (AIOZ) $ 0.301639
  • deepDeepBook (DEEP) $ 0.142650
  • ether-fiEther.fi (ETHFI) $ 0.947637
  • axie-infinityAxie Infinity (AXS) $ 2.11
  • kaitoKAITO (KAITO) $ 1.45
  • eigenlayerEigenCloud (prev. EigenLayer) (EIGEN) $ 1.11
  • coinbase-wrapped-staked-ethCoinbase Wrapped Staked ETH (CBETH) $ 2,789.19

Why DeFi Projects Could Be Ready to Outperform: Kaiko Research

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Why DeFi Projects Could Be Ready to Outperform: Kaiko Research

Bitcoin (BTC) took the spotlight from the rest of the crypto market in 2024, but the Trump administration is quickly changing the rules of the game and a rotation into other assets could end up happening, according to crypto data firm Kaiko Research

In fact, the decentralized finance (DeFi) sector isn’t looking too bad, Kaiko research analysts Adam McCarthy and Dessislava Aubert wrote in a new report.

The company’s DeFi index (KSDEFI) has outpaced ether (ETH) since the instrument’s inception in October 2023, bringing in roughly 75% returns in that span of time. That’s remarkable considering that most of the protocols included in the index are built on Ethereum.

(Credit: Kaiko Research)

“This outperformance may persist into the latter half of 2025, as several assets within the index benefit from strong tailwinds,” the report said. “This trend highlights the decreasing correlation between the DeFi index and ETH over time, as the decentralized finance sector continues to expand beyond the Ethereum ecosystem.”

The index is composed of 11 DeFi tokens, the most heavily weighted being UNI, AAVE and ONDO. At least four of these tokens have powerful tailwinds for the rest of the year, the report said.

For example, regulatory developments in the U.S. may open up possibilities for decentralized exchange Uniswap and decentralized lender Aave to implement fee switches for each of their respective tokens, meaning that protocol fees may end up getting distributed to UNI and AAVE holders.

Tokenization protocol Ondo Finance, for its part, will likely benefit from an acceleration of the tokenization trend as Wall Street keeps wading deeper into crypto, the report said.

“Regulatory constraints in key markets have been a significant hurdle [since 2020], but they are only part of the challenge. DeFi has also faced structural issues, including high user friction due to fees and security concerns. However, with regulatory scrutiny easing, the sector now has abundant opportunities for growth,” the report said.

Source

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