As we reported as Kriptokoin.com, Donald Trump’s victory in the 2024 US presidential elections greatly stimulated the cryptocurrency markets. Ethereum (ETH), in particular, surged 10% on positive sentiment in the DeFi space. Thus, it managed to climb 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 relaxation of regulations on DeFi projects. Such a step would allow these platforms to operate more freely in the US market.
Additionally, Arthur Cheong, co-founder of DeFiance Capital, described this situation as the “DeFi Renaissance”. According to Cheong, the Trump administration will usher in the era of innovation and capitalism. In particular, the capital flowing into projects such as Aave supports this view. The increase in user numbers shows that the projects are ready for long-term growth.
Increasing Activity and Revenues in DeFi Projects
Especially core DeFi projects such as Aave have attracted attention with their recent revenue increase. Cheong noted that Aave has already surpassed its revenues in the 2021 bull market. This shows that the projects may attract more investors in the coming period. Moreover, the continuous earnings of these projects increase confidence in the sector.
Additionally, Ethereum instructor @sassal0x said that Trump’s policies will fuel DeFi innovations. He emphasized that projects, especially new features such as token fee changes, can provide long-term income. He stated that these developments could create new opportunities for investors.
Ethereum’s 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. In particular, the growth of DeFi projects will support ETH’s market performance. Moreover, the Trump administration is likely to reduce regulatory uncertainties. It is on the agenda for the SEC to define some tokens as commodities instead of securities. Such a step could enable DeFi projects to reach a wider audience. Additionally, this may contribute to the projects gaining a stronger foothold in the US market.
Trump’s election victory led to an overall rally in crypto markets. Bitcoin (BTC) price broke a new record by exceeding the $ 75,000 level. These developments increased investors’ confidence in cryptocurrencies. Additionally, there was a general atmosphere of optimism in the market. Trump’s plan to dismiss SEC Chairman Gary Gensler caused great repercussions. 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.
