Crypto Market Analysis: Daily Bitcoin, Ethereum & DeFi Updates podcast.
Hey there, crypto enthusiasts It's your buddy Crypto Willy here, and I'm excited to share the latest updates on Bitcoin, Ethereum, and the DeFi space. Let's dive right in!
Over the past two weeks, we've seen significant price movements in both Bitcoin and Ethereum. Ethereum, in particular, has been on a roll, with its price fluctuating between $3,275.85 and $3,823.04 in January 2025, according to Changelly's predictions[1]. The current price as of January 28, 2025, stands at $3,505.95, with a potential ROI of 48.5%.
In the DeFi sector, we've seen some major updates. Uniswap has broken records, setting a new monthly trading volume record of $38 billion on Ethereum layer-2 networks. AAVE has also seen significant growth, with its TVL exceeding 30% of the peak level during the DeFi Summer of 2021, reaching $23.056 billion. EigenLayer has seen a 500% TVL growth in just a month, driven by strategic changes and high-profile investments, making it the third-largest DeFi protocol.
However, not all DeFi protocols have been smooth sailing. Usual Labs, the firm behind stablecoin protocol Usual, changed the code for the bonds backing its USD0 stablecoin, plunging several apps that integrated the token into chaos. The change cut the fixed price of the staked, bond-like version of USD0, called USD0++, from $0.995 to $0.87, leaving investors and users blindsided.
On the regulatory front, the SEC is expected to make a decision on new cryptocurrency ETFs by Q3 2024, which could attract $10 billion in new institutional investments. The approval of additional crypto ETFs could enhance market liquidity and stability.
Looking ahead, experts are optimistic about Ethereum's price trajectory. Finder's experts predict that Ethereum could reach new all-time highs, potentially exceeding $6,500 in 2025, driven by increased demand and continued network improvements. Wallet Investor also expects Ethereum to cross over the $7K mark in 5 years.
In terms of TVL changes, Ethereum's dominance in decentralized finance continues to face pressure, with its share of total value locked falling to 54.51%, marking the lowest level in three months. Tron's TVL share dropped from 8.16% to 5.66% over the same period.
Charles Yu expects Layer 2s to generate more economic activity than Alt L1s over 2025, with L2 fees as a percentage of Alt L1 fees ending the year above 25%. Zack Pokorny believes DeFi will enter its "dividend era" as on-chain applications distribute at least $1 billion of nominal value to users and token holders from treasury funds and revenue sharing.
That's all for now, folks. Stay tuned for more updates, and remember to always keep your crypto game strong. Your buddy Crypto Willy, signing off.
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