The DeFi sector has recovered its 2022 highs, driven by Ethereum’s dominance and a resurgence of interest in DeFi lending. The total value locked has regained its previous levels, and significant open borrows indicate strong investor confidence. President Trump’s potential executive order for 401(k) plans to invest in crypto may further bolster growth.
Ethereum’s market cap surged by over 150 billion USD recently, now capturing over 60% of DeFi assets and a substantial portion of all stablecoins. Analysts anticipate that a further 10% increase in ETH could lead to another 1 billion USD in shorts being liquidated, pushing ETH towards new highs.
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