The Hottest DEX Tokens to Watch for a Surge in 2025

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As a seasoned analyst with over a decade of experience in the crypto world, I’ve seen bull runs come and go, but the current DeFi Summer 2.0 – Winter Edition is truly captivating. Having closely observed the market trends, I believe that Curve Finance’s $CRV, EYWA, AERO, and Raydium’s $RAY are strong DeFi plays to watch in the upcoming months.

Individuals who keep an eye on the crypto market beyond Bitcoin and Ethereum might have observed that tokens associated with Decentralized Finance (DeFi) infrastructure have been performing exceptionally well, frequently surpassing the growth rate of the top two. The meteoric rise of $HYPE has even propelled it into the Top 30 of tokens, resembling the DeFi Summer of yore. Given the indicators, we might be on the brink of DeFi Summer 2.0 – Winter Edition. However, with $HYPE already soaring to such heights, one might wonder about other Decentralized Exchange (DEX) investments that could mirror its path.

$CRV 

Curve Finance’s token, CRV, represents the oldest, largest, most secure, and respected Decentralized Exchange (DEX), boasting a Total Value Locked (TVL) of more than $2 billion. However, Curve Finance isn’t content with its past achievements; it’s actively collaborating with rapidly expanding blockchains like TON. In this partnership, they are jointly working on the development of CFMM (Constant Functional Market Maker), a system designed to facilitate efficient trading of similar assets such as stablecoins and Bitcoin derivatives, with minimal impact on price.

Throughout the prolonged bear market, CRV experienced a decline alongside other tokens, but it was noticeably oversold. However, it has already rebounded by more than 200% from its lowest point, indicating there’s still room for growth before reaching the peak of the previous bull run. Given that each cycle’s top tends to surpass the previous one significantly, even a novice chart analyst can predict where CRV might be headed.

$EYWA

EYWA serves as the governance token for one of Curve’s prominent projects, having garnered more than $8.5 million in investments. This project counts Curve’s founder among its lead investors and boasts impressive momentum. Its DeFiLlama Top 10 regular CrossCurve DEX has achieved a trading volume of $1.85 billion, holds over $21 million in Total Value Locked (TVL), and facilitates more than 3.5 million transactions.

EYWA has been successful in forming significant collaborations with organizations such as the TON and Sonic foundations. Starting from December 20th, the $EYWA token will become available on exchanges like KuCoin, Gate.io, and MEXC. After that, we’re ready to hit the ground running!

AERO

The Base Layer 2 chain has long stepped out of the shadow of Coinbase to become a powerful ecosystem bringing the world onchain. Its peak 7-day volume has surpassed $1B, and it keeps attracting new projects and value. Aerodrome Finance is the top DEX on Base, and its explosion in volume has not gone unnoticed in the $AERO token’s price. Aerodrome is already the 6th largest DEX by TVL with $1.8B. And the way Base adoption is growing, $AERO’s recent ATH may soon look like a distant low. 

RAY

In the past couple of years, everyone who’s been following Solana closely has encountered two popular stories: Solana competing against Ethereum and Solana being the hub for memecoins. Both narratives are quite optimistic for one of Solana’s major decentralized exchanges, Raydium. The price of $RAY has surged 47 times from its all-time low a year ago, which might seem like a missed opportunity. However, it’s currently only one-third of the way back to its all-time high set in 2021. Just as with CRV, the market for $RAY is likely to reach new heights that could surpass its previous peak.

Conclusion

It’s true that nobody can predict the future, especially when it comes to cryptocurrency prices. However, the pattern of bull cycles following every 4 years due to the halving has been consistent in its overall direction so far. When it comes to trading, it’s beneficial to learn from the past and make educated guesses about what might happen next. Keep in mind that trends can shift quickly and be replaced by new ones. Nevertheless, during any market trend, decentralized exchanges (DEXs) are likely to remain crucial for processing high volumes of transactions within the blockchain network.

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2024-12-20 22:11