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DeFi Boom: 2024 Trends to Watch According to Coingecko

Fri 21 Jun 2024 ▪ 3 min of reading ▪ by Luc Jose A.
Getting informed Invest

In 2024, decentralized finance (DeFi) positions itself as one of the most dynamic and promising sectors in the crypto ecosystem. According to a recent report published by CoinGecko, which we will dissect in this post, new trends in DeFi offer unprecedented opportunities. With a total value locked (TVL) now exceeding 90 billion dollars, DeFi is ready to transform the way we conceive and use financial services.

Decentralized finance: Trends for 2024

The new liquidity dynamics

Perpetual liquidity pools are revolutionizing decentralized finance in 2024. These pools allow liquidity providers to earn real returns without the need to constantly monitor their positions. As explained by CoinGecko, “perpetual liquidity pools capitalize on real yields, offering a reliable option for traders looking to increase their leverage”. Crypto exchanges like GMX and Jupiter are notable examples.

Furthermore, intent-based architecture significantly simplifies user interactions with decentralized finance platforms. Instead of setting each transaction parameter, users can simply specify the desired outcome. “This approach removes technical complexities and allows for a smoother and more efficient user experience,” according to CoinGecko. Crypto protocols like UniswapX and Aperture Finance well illustrate this innovation.

Incentives, crypto airdrops, and liquid staking protocols

Incentives and crypto airdrops play a crucial role in the DeFi ecosystem by boosting user participation and reinforcing liquidity. Many DeFi projects use these mechanisms to attract and retain users. According to CoinGecko, “airdrops are widely used to build communities and increase the visibility of new crypto projects.” Platforms like Blur, EigenLayer, and Ethena are notable examples.

As for liquid staking protocols, they represent a major advancement by allowing users to maintain liquidity while staking their cryptos, thereby improving capital efficiency and offering new yield opportunities. For CoinGecko, “liquid staking tokens (LSTs) act as derivatives of staked assets, enabling their use in various DeFi activities.” Similarly, restaking protocols like EigenLayer are becoming popular and offer liquid restaking tokens (LRTs) for additional yields. The expansion of Layer 2 solutions, such as Metis’ Liquid Staking Blitz, and the potential approval of Ethereum spot ETFs are key factors that make staking more attractive and lucrative.

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Luc Jose A. avatar
Luc Jose A.

Graduated from Sciences Po Toulouse and holder of a blockchain consultant certification issued by Alyra, I joined the Cointribune adventure in 2019. Convinced of the potential of blockchain to transform many sectors of the economy, I committed to raising awareness and informing the general public about this ever-evolving ecosystem. My goal is to enable everyone to better understand blockchain and seize the opportunities it offers. Every day, I strive to provide an objective analysis of the news, decipher market trends, relay the latest technological innovations, and put the economic and societal issues of this ongoing revolution into perspective.


The views, thoughts, and opinions expressed in this article belong solely to the author, and should not be taken as investment advice. Do your own research before taking any investment decisions.