As we reported at Kriptokoin.com , Donald Trump’s victory in the 2024 US presidential elections greatly moved the cryptocurrency markets. Ethereum (ETH), in particular, increased by 10% with the positive atmosphere in the DeFi space. Thus, it managed to rise above the $ 2,800 level.
Trump’s Crypto-Friendly Policies and Their Impact on DeFi
Trump’s positive policies towards cryptocurrencies have re-motivated DeFi investors. During his campaign, he promised to make the US a leader in the crypto space. Therefore, investors are now waiting for the easing of regulations on DeFi projects. Such a step will allow these platforms to operate more freely in the US market.
In addition, DeFiance Capital co-founder Arthur Cheong described this situation as the “DeFi Renaissance.” According to Cheong, the Trump administration will usher in an era of innovation and capitalism. In particular, the capital flowing into projects like Aave supports this view. The increase in user numbers shows that projects are ready for long-term growth.
Increasing Activity and Revenues in DeFi Projects
In particular, core DeFi projects such as Aave have been drawing attention with their recent revenue growth. Cheong stated that Aave has already surpassed its revenues in the 2021 bull market. This shows that the projects can attract more investors in the coming period. Moreover, the continuous earnings of these projects also increase confidence in the sector.
In addition, Ethereum educator @sassal0x said that Trump’s policies will contribute to DeFi innovations. He emphasized that new features, especially token fee changes, can provide long-term revenue for projects. He stated that these developments can create new opportunities for investors.
Ethereum Market Performance and Future Prospects
ETH gained value after Trump’s victory. With this rise, the Ethereum price exceeded the $2,800 level for the first time since August. According to analysts, this trend will continue. The growth of DeFi projects in particular will support ETH’s market performance. Moreover, the Trump administration is likely to reduce regulatory uncertainties. The SEC is on the agenda to define some tokens as commodities instead of securities. Such a step could allow DeFi projects to reach a wider audience. In addition, this could contribute to projects gaining a more solid foothold in the US market.
Trump’s election victory has led to a general rally in crypto markets. The price of Bitcoin (BTC) broke a new record by exceeding the $75,000 level. These developments have increased investors’ confidence in cryptocurrencies. In addition, there has been a general sense of optimism in the market. Trump’s plan to fire SEC Chairman Gary Gensler has been widely discussed. This move could pave the way for more flexible regulations in the crypto sector. All these developments could usher in a period of strong growth for Ethereum and DeFi projects.
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Yazının devamı için Growth in DeFi Projects: New Opportunities on the Way with the Trump Administration!