Bitcoin has been the dominant force in the crypto market in 2024, but recent policy shifts under the Trump administration are poised to redirect attention towards alternative assets. Kaiko Research analysts Adam McCarthy and Dessislava Aubert emphasize the growing strength and resilience of decentralized finance (DeFi).
Kaiko's DeFi index (KSDEFI) has shown remarkable performance, outpacing Ethereum (ETH) since its introduction in October 2023, boasting a 75% return. While primarily Ethereum-based, the index has shown a declining correlation with ETH, indicating DeFi's growth beyond its initial framework.
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