Bitcoin (BTC) took the attention of the rest of the crypto market in 2024, but the Trump administration changes quickly the rules of the game and a rotation could take place in other assets, according to Crypto -data company Kaiko Research
In fact, the Decentralized Financial Sector (Defi) does not look that bad, Kaiko research analysts Adam McCarthy and Dessislava Aubert wrote in a new report.
The Defi -Index of the company (KSDEFI) has been surpassed since the founding of the instrument in October 2023 Ether (ETH), resulting in about 75% return in that time span. This is remarkable considering that most protocols in the index were built on Ethereum.
“This outperformance can exist in the second half of 2025, because different assets within the index benefit from strong steel winds,” the report said. “This trend emphasizes the decreasing correlation between the Defi index and ETH over time, while the decentralized financing sector continues to expand outside the Ethereum ecosystem.”
The index consists of 11 Defi -Tokens, the heaviest weighed are uni, aave and ONDO. At least four of these tokens have powerful steel wind for the rest of the year, according to the report.
For example, regulatory developments in the US can open possibilities for decentralized exchange uniswap and decentralized lender Aave to implement reimbursement switches for each of their respective tokens, which means that protocol costs can be handed out to UNI and AAVE holders.
Tokenization Protocol Ondo Finance, for its part, will probably benefit from an acceleration of the token risks trend, while Wall Street Waden keeps deeper in crypto in the crypto, according to the report.
“Regular restrictions in important markets have been an important obstacle [since 2020]But they are only part of the challenge. Defi has also had to deal with structural problems, including high user friction due to reimbursements and security problems. With the relaxation of the regulations, however, the sector now has many growth opportunities, “said the report.
