Bernstein speaks about the most profitable DeFi platforms
Experts from the brokerage company Bernstein allowed the rapid growth of the DeFi market against the background of the movement of the main crypto coin to historical highs. The brokers also stated that they allocate 15% of the funds in their digital currency portfolio to decentralized finance.
According to DeFiLlama, the price of locked assets in DeFi assets has reached $92 billion. The total TVL of such projects has increased by more than 50% since the beginning of this year.
Decentralized finance includes six of the ten largest crypto protocols by revenue, including decentralized platforms Uniswap, GMX, Synth etix, as well as lending services Aave and Maker.
Bernstein noted that previously some DeFi platforms, for example, Anchor, offered unrealistically high returns, up to 20% per year on UST. After the collapse of Terra in 2022, the UST rate lost parity with the US dollar, and cryptocurrency market players suffered losses amounting to about $60 billion. A significant part of the lost assets was placed in Anchor and similar projects.
But against the backdrop of another bull market, DeFi services are ready to offer “real” income, experts say. As an example, they mentioned Uniswap, one of the largest decentralized platforms. The trading volume on it in 24 hours exceeds $1.3 billion, which is comparable to the trading volumes on the most popular crypto exchanges.
Service commissions amount to about $3.7 million per day. Uniswap is ready to share part of the income from commissions with the owners of the platform’s own cryptocurrency — UNI.
In addition, Bernstein notes changes in the approach of courts to considering cases related to digital currencies. Analysts believe that this is the reason that is driving the growth of interest in DeFi assets.
Experts also believe that transparency in the legal context of decentralized finance investments could lead to a significant surge in demand from international asset managers.
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