DeFi is on the cusp of reclaiming its all-time peak.
Total value locked in DeFi protocols has surpassed $169 billion, almost on par with their peak TVL of $179 billion in November 2021.
The recent election of Donald Trump has proved a boon to DeFi projects, many of which had received Wells Notices from the SEC this past year, an indication that charges were being prepared against them for violating securities regulations. Immutable, Consensys, and Uniswap all received Wells Notices and many DeFi project founders had announced their intentions to leave the United States.
Sentiment has changed for the better, with the Trump transition team meeting with crypto execs like Ripple’s Brad Garlinghouse, rumors of crypto tax cuts being floated around, and the increasing likelihood of Trump installing a crypto czar to oversee crypto policies.
In short, DeFi is back, and we’ve highlighted a handful of DeFi-themed tokens that have jumped by an average of 81% since the election.
Manta Finance (MANTA)
- Type: Layer 2
- Market cap: $327 million
- Return since Election Day: +43%
Manta Finance (MANTA) is building a privacy-focused DeFi ecosystem using zero-knowledge (ZK) technology. Its multi-modular blockchain structure includes Manta Pacific for Layer 2 solutions on Ethereum and Manta Atlantic for Layer 1 solutions on Polkadot.
This structure enables Manta to offer enhanced privacy and scalability, positioning it as a leading player in the growing demand for privacy-centric, decentralized finance applications.
Jupiter (JUP)
- Type: DEX
- Market cap: $1.53 billion
- Return since Election Day: +28%
Jupiter (JUP) is a decentralized exchange (DEX) aggregator on Solana, designed to provide users with the best possible prices by aggregating data from multiple liquidity pools and exchanges.
It also offers secure blockchain solutions for DeFi applications and a suite of developer tools, as well as an NFT marketplace. Jupiter stands out for its efficient, fast transactions, making it an innovative solution for DeFi users on the Solana blockchain.
Cetus Protocol (CETUS)
- Type: DEX
- Market cap: $191 million
- Return since Election Day: +84%
Cetus Protocol (CETUS) is a decentralized exchange (DEX) that uses a Constant Product Automated Market Maker (CLMM) model to improve capital efficiency and minimize slippage. The protocol allows users to provide liquidity within a specific price range, optimizing returns for liquidity providers.
Cetus focuses on delivering minimal slippage while maximizing user returns, making it an appealing option for traders seeking efficiency in decentralized finance.
Drift Protocol (DRIFT)
- Type: DEX
- Market cap: $343 million
- Return since Election Day: +214%
Drift Protocol (DRIFT) is a decentralized exchange specializing in perpetual futures trading. By incorporating cross-margin features and an adaptive market maker, Drift improves traditional futures trading.
It also enables users to stake, provide liquidity, and engage in borrowing or lending crypto assets. Drift addresses liquidity issues and offers transparent, efficient trading solutions, providing a seamless experience for advanced traders in the DeFi space.
Orderly Network (ORDER)
- Type: DEX
- Market cap: $28 million
- Return since Election Day: +35%
Orderly Network (ORDERLY) dubs itself an omnichain liquidity layer, aimed at transforming the decentralized trading experience. It combines the advantages of decentralized finance with the efficiency of centralized exchange (CEX) infrastructure, acting as the engine that powers decentralized exchanges such as BTSE Dex and WOO X.
Orderly provides transparent trading, omnichain liquidity, and self-custody solutions, redefining the trading landscape and offering a more efficient and secure way to trade across decentralized networks.
Check out our top 5 Artificial Intelligence token picks for this year here!
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Disclaimer: BTSE blog content is intended solely to provide varying insights and perspectives. It does not constitute financial, legal, or investment advice and should not be relied upon as such. The views expressed are not necessarily those of BTSE. Unless otherwise noted, they do not represent the views of BTSE and should in no way be treated as investment advice. Trading involves substantial risk due to market volatility, and past performance is not indicative of future results. Always trade with caution and consider seeking advice from a qualified professional before making any financial decisions.
