• bitcoinBitcoin (BTC) $ 82,402.00
  • ethereumEthereum (ETH) $ 1,895.23
  • tetherTether (USDT) $ 0.999838
  • xrpXRP (XRP) $ 2.25
  • bnbBNB (BNB) $ 629.48
  • solanaSolana (SOL) $ 123.35
  • usd-coinUSDC (USDC) $ 0.999900
  • cardanoCardano (ADA) $ 0.700173
  • dogecoinDogecoin (DOGE) $ 0.166191
  • tronTRON (TRX) $ 0.224721
  • staked-etherLido Staked Ether (STETH) $ 1,894.50
  • wrapped-bitcoinWrapped Bitcoin (WBTC) $ 82,260.00
  • leo-tokenLEO Token (LEO) $ 9.75
  • the-open-networkToncoin (TON) $ 3.56
  • chainlinkChainlink (LINK) $ 13.76
  • usdsUSDS (USDS) $ 0.999919
  • stellarStellar (XLM) $ 0.267348
  • wrapped-stethWrapped stETH (WSTETH) $ 2,269.23
  • hedera-hashgraphHedera (HBAR) $ 0.185213
  • avalanche-2Avalanche (AVAX) $ 18.70
  • pi-networkPi Network (PI) $ 1.10
  • shiba-inuShiba Inu (SHIB) $ 0.000013
  • suiSui (SUI) $ 2.26
  • mantra-daoMANTRA (OM) $ 6.84
  • litecoinLitecoin (LTC) $ 88.43
  • bitcoin-cashBitcoin Cash (BCH) $ 337.88
  • polkadotPolkadot (DOT) $ 4.27
  • ethena-usdeEthena USDe (USDE) $ 0.999879
  • bitget-tokenBitget Token (BGB) $ 4.55
  • wethWETH (WETH) $ 1,895.37
  • binance-bridged-usdt-bnb-smart-chainBinance Bridged USDT (BNB Smart Chain) (BSC-USD) $ 1.00
  • hyperliquidHyperliquid (HYPE) $ 13.26
  • whitebitWhiteBIT Coin (WBT) $ 28.32
  • wrapped-eethWrapped eETH (WEETH) $ 2,013.73
  • moneroMonero (XMR) $ 207.68
  • uniswapUniswap (UNI) $ 6.22
  • susdssUSDS (SUSDS) $ 1.04
  • aptosAptos (APT) $ 5.38
  • daiDai (DAI) $ 0.999598
  • okbOKB (OKB) $ 51.39
  • nearNEAR Protocol (NEAR) $ 2.53
  • pepePepe (PEPE) $ 0.000007
  • mantleMantle (MNT) $ 0.819480
  • internet-computerInternet Computer (ICP) $ 5.72
  • gatechain-tokenGate (GT) $ 21.97
  • ethereum-classicEthereum Classic (ETC) $ 17.43
  • tokenize-xchangeTokenize Xchange (TKX) $ 32.91
  • ondo-financeOndo (ONDO) $ 0.827257
  • aaveAave (AAVE) $ 169.00
  • coinbase-wrapped-btcCoinbase Wrapped BTC (CBBTC) $ 82,439.00
  • official-trumpOfficial Trump (TRUMP) $ 10.94
  • crypto-com-chainCronos (CRO) $ 0.079689
  • cosmosCosmos Hub (ATOM) $ 4.80
  • vechainVeChain (VET) $ 0.024278
  • first-digital-usdFirst Digital USD (FDUSD) $ 0.998937
  • bittensorBittensor (TAO) $ 242.40
  • kaspaKaspa (KAS) $ 0.074477
  • ethenaEthena (ENA) $ 0.361072
  • filecoinFilecoin (FIL) $ 2.85
  • polygon-ecosystem-tokenPOL (ex-MATIC) (POL) $ 0.206536
  • celestiaCelestia (TIA) $ 3.19
  • fasttokenFasttoken (FTN) $ 4.00
  • lombard-staked-btcLombard Staked BTC (LBTC) $ 82,437.00
  • render-tokenRender (RENDER) $ 3.12
  • arbitrumArbitrum (ARB) $ 0.359261
  • algorandAlgorand (ALGO) $ 0.183466
  • sonic-3Sonic (prev. FTM) (S) $ 0.475807
  • arbitrum-bridged-usdt-arbitrumArbitrum Bridged USDT (Arbitrum) (USDT) $ 0.999267
  • optimismOptimism (OP) $ 0.863623
  • jupiter-exchange-solanaJupiter (JUP) $ 0.503880
  • kucoin-sharesKuCoin (KCS) $ 11.09
  • story-2Story (IP) $ 5.24
  • fetch-aiArtificial Superintelligence Alliance (FET) $ 0.505274
  • solv-btcSolv Protocol SolvBTC (SOLVBTC) $ 82,195.00
  • blackrock-usd-institutional-digital-liquidity-fundBlackRock USD Institutional Digital Liquidity Fund (BUIDL) $ 1.00
  • binance-peg-wethBinance-Peg WETH (WETH) $ 1,897.04
  • nexoNEXO (NEXO) $ 1.08
  • kelp-dao-restaked-ethKelp DAO Restaked ETH (RSETH) $ 1,967.93
  • xdce-crowd-saleXDC Network (XDC) $ 0.067088
  • movementMovement (MOVE) $ 0.435932
  • makerMaker (MKR) $ 1,225.97
  • immutable-xImmutable (IMX) $ 0.565094
  • dexeDeXe (DEXE) $ 17.58
  • usual-usdUsual USD (USD0) $ 0.997585
  • worldcoin-wldWorldcoin (WLD) $ 0.824533
  • sei-networkSei (SEI) $ 0.196266
  • rocket-pool-ethRocket Pool ETH (RETH) $ 2,141.34
  • injective-protocolInjective (INJ) $ 9.57
  • the-graphThe Graph (GRT) $ 0.096485
  • blockstackStacks (STX) $ 0.600661
  • flare-networksFlare (FLR) $ 0.014999
  • theta-tokenTheta Network (THETA) $ 0.888342
  • binance-staked-solBinance Staked SOL (BNSOL) $ 128.45
  • polygon-bridged-usdt-polygonPolygon Bridged USDT (Polygon) (USDT) $ 0.999035
  • solv-protocol-solvbtc-bbnSolv Protocol SolvBTC.BBN (SOLVBTC.BB) $ 82,099.00
  • lido-daoLido DAO (LDO) $ 0.917220
  • bonkBonk (BONK) $ 0.000011
  • pancakeswap-tokenPancakeSwap (CAKE) $ 2.65
  • paypal-usdPayPal USD (PYUSD) $ 0.999623
  • wbnbWrapped BNB (WBNB) $ 633.19
  • mantle-staked-etherMantle Staked Ether (METH) $ 2,011.34
  • binance-bridged-usdc-bnb-smart-chainBinance Bridged USDC (BNB Smart Chain) (USDC) $ 1.00
  • tether-goldTether Gold (XAUT) $ 3,045.61
  • eosEOS (EOS) $ 0.490265
  • galaGALA (GALA) $ 0.016793
  • tezosTezos (XTZ) $ 0.699436
  • stargate-bridged-usdc-berachainStargate Bridged USDC (Berachain) (USDC.E) $ 0.999248
  • bittorrentBitTorrent (BTT) $ 0.00000069
  • the-sandboxThe Sandbox (SAND) $ 0.277965
  • arbitrum-bridged-wbtc-arbitrum-oneArbitrum Bridged WBTC (Arbitrum One) (WBTC) $ 82,313.00
  • bitcoin-svBitcoin SV (BSV) $ 33.57
  • jito-governance-tokenJito (JTO) $ 2.13
  • iotaIOTA (IOTA) $ 0.178899
  • berachain-beraBerachain (BERA) $ 6.01
  • jasmycoinJasmyCoin (JASMY) $ 0.013464
  • flowFlow (FLOW) $ 0.411050
  • pax-goldPAX Gold (PAXG) $ 3,053.59
  • usdx-money-usdxStables Labs USDX (USDX) $ 0.999652
  • kaiaKaia (KAIA) $ 0.105058
  • msolMarinade Staked SOL (MSOL) $ 157.41
  • renzo-restaked-ethRenzo Restaked ETH (EZETH) $ 1,970.91
  • flokiFLOKI (FLOKI) $ 0.000061
  • curve-dao-tokenCurve DAO (CRV) $ 0.439579
  • neoNEO (NEO) $ 7.95
  • heliumHelium (HNT) $ 3.09
  • resolv-usrResolv USR (USR) $ 0.999918
  • pyth-networkPyth Network (PYTH) $ 0.149253
  • beldexBeldex (BDX) $ 0.076840
  • kavaKava (KAVA) $ 0.494795
  • axie-infinityAxie Infinity (AXS) $ 3.34
  • ethereum-name-serviceEthereum Name Service (ENS) $ 16.04
  • honey-3Honey (HONEY) $ 0.999611
  • zcashZcash (ZEC) $ 32.70
  • jupiter-staked-solJupiter Staked SOL (JUPSOL) $ 135.26
  • elrond-erd-2MultiversX (EGLD) $ 17.82
  • telcoinTelcoin (TEL) $ 0.005342
  • decentralandDecentraland (MANA) $ 0.266392
  • true-usdTrueUSD (TUSD) $ 1.00
  • roninRonin (RON) $ 0.777617
  • raydiumRaydium (RAY) $ 1.65
  • starknetStarknet (STRK) $ 0.175513
  • dydx-chaindYdX (DYDX) $ 0.629151
  • dogwifcoindogwifhat (WIF) $ 0.459807
  • pumpbtcpumpBTC (PUMPBTC) $ 79,800.00
  • mantle-restaked-ethMantle Restaked ETH (CMETH) $ 2,010.34
  • l2-standard-bridged-weth-baseL2 Standard Bridged WETH (Base) (WETH) $ 1,896.46
  • bridged-usdc-polygon-pos-bridgeBridged USDC (Polygon PoS Bridge) (USDC.E) $ 0.999115
  • virtual-protocolVirtuals Protocol (VIRTUAL) $ 0.682896
  • arweaveArweave (AR) $ 6.74
  • conflux-tokenConflux (CFX) $ 0.086894
  • ecasheCash (XEC) $ 0.000022
  • apenftAPENFT (NFT) $ 0.00000043
  • binance-peg-dogecoinBinance-Peg Dogecoin (DOGE) $ 0.166689
  • coredaoorgCore (CORE) $ 0.428023
  • chilizChiliz (CHZ) $ 0.044950
  • apecoinApeCoin (APE) $ 0.532957
  • bitcoin-avalanche-bridged-btc-bAvalanche Bridged BTC (Avalanche) (BTC.B) $ 82,480.00
  • thorchainTHORChain (RUNE) $ 1.20
  • clbtcclBTC (CLBTC) $ 82,572.00
  • ousgOUSG (OUSG) $ 110.35
  • usdbUSDB (USDB) $ 0.999222
  • hashnote-usycHashnote USYC (USYC) $ 1.08
  • arbitrum-bridged-weth-arbitrum-oneArbitrum Bridged WETH (Arbitrum One) (WETH) $ 1,895.86
  • chain-2Onyxcoin (XCN) $ 0.012130
  • aerodrome-financeAerodrome Finance (AERO) $ 0.500401
  • pudgy-penguinsPudgy Penguins (PENGU) $ 0.006194
  • ondo-us-dollar-yieldOndo US Dollar Yield (USDY) $ 1.09
  • compound-governance-tokenCompound (COMP) $ 43.20
  • lorenzo-stbtcLorenzo stBTC (STBTC) $ 82,012.00
  • pendlePendle (PENDLE) $ 2.33
  • axelarAxelar (AXL) $ 0.401535
  • infrared-beraInfrared Bera (IBERA) $ 5.40
  • plumePlume (PLUME) $ 0.182861
  • trust-wallet-tokenTrust Wallet (TWT) $ 0.878179
  • matic-networkPolygon (MATIC) $ 0.206151
  • grassGrass (GRASS) $ 1.31
  • ether-fi-staked-ethether.fi Staked ETH (EETH) $ 1,895.71
  • olympusOlympus (OHM) $ 21.65
  • stakewise-v3-osethStakeWise Staked ETH (OSETH) $ 1,974.94
  • fraxFrax (FRAX) $ 0.998593
  • tbtctBTC (TBTC) $ 82,242.00
  • cgeth-hashkey-cloudcgETH Hashkey Cloud (CGETH.HASH) $ 1,932.55
  • amp-tokenAmp (AMP) $ 0.004056
  • terra-lunaTerra Luna Classic (LUNC) $ 0.000063
  • spx6900SPX6900 (SPX) $ 0.362758
  • mantle-bridged-usdt-mantleMantle Bridged USDT (Mantle) (USDT) $ 0.999805
  • beam-2Beam (BEAM) $ 0.006218
  • binance-peg-busdBinance-Peg BUSD (BUSD) $ 1.01
  • kaitoKAITO (KAITO) $ 1.33
  • based-brettBrett (BRETT) $ 0.032402
  • mina-protocolMina Protocol (MINA) $ 0.261730
  • gnosisGnosis (GNO) $ 123.16
  • akash-networkAkash Network (AKT) $ 1.26
  • verus-coinVerus (VRSC) $ 3.91
  • aioz-networkAIOZ Network (AIOZ) $ 0.267484
  • morphoMorpho (MORPHO) $ 1.30
  • reserve-rights-tokenReserve Rights (RSR) $ 0.005470
  • stakestone-berachain-vault-tokenStakeStone Berachain Vault Token (BERASTONE) $ 1,878.26
  • justJUST (JST) $ 0.030098
  • havvenSynthetix Network (SNX) $ 0.841716

Why DeFi Projects Could Be Ready to Outperform: Kaiko Research

0 8

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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