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During the 7-day period ending this Sunday, decentralized finance (DeFi) tokens experienced tremendous performance. This growth trend has occurred since the middle of the month, when other sectors such as memecoins began to lose prominence.
Since Donald Trump’s victory in the presidential elections on November 5 in the US, interest in DeFi has been increasing. It should not be lost sight of that this is one of the most opaque sectors in regulatory terms in the entire crypto world. In that sense, investors hope that the new Trump-era regulations will allow them to take advantage of this growing market.
In this way, some capitals seek to position themselves by investing in key tokens of this sector. In simple words, before crypto-friendly regulation and policies come into effect, large wallets want to get the best possible return.
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Such an atmosphere of optimism translates into the outstanding +12.3% overall growth of this submarket during the last week, according to data from Artemis. This tops out +60.6% over the last 30 days ending this December 1st. Although they were defeated by memecoins within a month (+119%), DeFi tokens outperformed them over the last week.
So far in 2024, DeFi tokens reflect a return of +50%. Source: Artemis
DeFi tokens among the most prominent in recent days
During the last 7 days, as already mentioned, tokens related to decentralized finance have few rivals. At this point, some outstanding cases are excluded, such as the currencies of the artificial intelligence sector, which reported +27.9% this week.
In any case, there is a possibility that the new regulatory environment in the United States will radically change the investment dynamic. Until now, the tendency of investors is towards speculation; However, with a clearer environment, capital would be housed in tokens with more solid fundamentals.
On the other hand, one should not ignore the fact that the DeFi sector not only benefits from the rise in the price of its tokens. In terms of total value locked (TVL), decentralized finance is seeing a huge rise. According to data from DeFiLlama, the TVL (which is equivalent to the AUM of TradFi) amounts to a total of $126 billion.
To get an idea of this growth, it is enough to mention that it is the highest point since May 2022. This means that interest is on the rise again despite the fact that DeFi has evolved little (in the structural sense) since then. For capitals demanding huge amounts of DeFi tokens, hope seems to be placed mainly in the future.
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