Background: On-chain currencies are hot, can currencies on exchanges increase in value?
Recently, the market share of Bitcoin has dropped from 60% to 55%, which means that the cottage season has begun. Recently, there have been constant hot spots, which can be said to be a hundred flowers blooming: AI Agent took the lead, Virtuals Protocol broke through the market value of 300 million US dollars; Solana ecosystem ai16z also broke through the market value of 1 billion US dollars, and Hyperliquid ecological currency HYPE rose more than 10 times in terms of products. In terms of products, the open interest in the exchange has repeatedly broken new highs, breaking through 4.3 billion US dollars. Even the NFT sector that was almost forgotten by the market has made some moves. Magic Eden and Pudgy Penguins have successively issued coins, driving many ETH/SOL blue-chip NFT projects to rise.
The above simple inventory of hot spots in various sectors shows that they are all centered on the chain. So have the tokens in centralized exchanges really been forgotten by the market?
In fact, there is another narrative in this bull market cycle that cannot be ignored: Trump’s election.
Trump's election means that cryptocurrency has officially entered the public eye. The improvement of laws and regulations and the relaxation of supervision will help external funds enter the cryptocurrency circle, which can be verified by the continuous net inflow of funds from BTC and ETH spot ETFs. The Trump family's cryptocurrency project World Liberty Financial also set an example by frantically purchasing DeFi-related currencies in one month, including ETH, CBBTC, AAVE, LINK, ENA, and ONDO.
So how did the above currencies perform after World Liberty Financial purchased them? What are the common features between these tokens? What other concept currencies are there? Let WOO X Research take you to find out.
Purchase History Summary
The above table shows that World Liberty Financial spent a total of 44.75 million U.S. dollars on cryptocurrencies purchased since November 30. As of the time of writing on December 18, all the currencies held by World Liberty Financial are currently in a state of floating profit.
Interestingly, traditional institutions used to be more interested in Bitcoin than Ethereum, but in the investment portfolio, we can see that World Liberty Financial holds far more ETH than Bitcoin. Perhaps this also means that compared to Bitcoin, they are more optimistic about the subsequent price trend of Ethereum.
- AAVE is the leader in lending in the entire market and the first in TVL among all protocols. The deposit scale is close to 40 billion US dollars, a record high, and the price of the currency has also risen by 35% in seven days. In addition, the World Liberty Financial community voted to pass the proposal to cooperate with AAVE, which is currently in the TEMP CHECK stage of AaveDAO. If the proposal is passed, it will bring new users and more real benefits to AAVE.
- LINK is a veteran oracle project. On November 14, World Liberty Financial also announced that it would adopt Chainlink as the standard for on-chain data and cross-chain connections as a secure way to bring DeFi into the next stage of large-scale adoption.
- The development of ENA is closely related to this round of bull market. Since the source of USDe's income is futures-to-spot arbitrage, as long as the market sentiment is more excited and the Ethereum funding rate is higher, Ethena can benefit from it. Recently, TVL has also exceeded 6 billion US dollars, a record high. In terms of products, they have also recently cooperated with BlackRock to launch the RWA stablecoin USDtb, with the source of income being government bonds. The launch of this product also makes up for the market's concerns that the funding rate will turn negative, causing the overall protocol to enter a death spiral.
- ONDO is the current leader in the RWA track. After BlackRock announced the launch of the BUIDL fund, Ondo Finance invested more than US$95 million in it, becoming the largest holder. Whether in terms of compliance, legitimacy, capital volume, or market favor, ONDO is the best choice in the current RWA track.
In addition to the above-mentioned holdings, COW is also worth mentioning. When purchasing the above-mentioned currencies at World Liberty Financial, only Cow Protocol is used for purchase, so it is also regarded as Trump concept currency.
What coin might you buy next?
After understanding World Liberty Financial's investment context, we can speculate on the targets they may focus on next.
First of all, from their holdings, we can see that it is best if the token itself has a partnership with World Liberty Financial, such as AAVe m3
LINK, and then "clear business model" and "stable actual income". AAVE, LINK, ENA, ONDO, etc. all have clear product positioning, a large number of ecological users and actual income models. This means that they will not blindly pursue "novel" or "pure concept" tokens, but prefer to invest in protocols that can bring long-term value.
LDO: Since World Liberty Financial holds much more ETH than BTC, it shows that they are very optimistic about the long-term potential of Ethereum. With the maturity of Ethereum's staking mechanism, coupled with the possibility of ETFs introducing Ethereum staking rates, the leading protocol LIDO has become the current first choice.
It is the largest liquid staking protocol in the Ethereum ecosystem, with a TVL of up to US$37 billion, accounting for 30% of the entire Ethereum staking market.
Pendle: It mainly focuses on the revenue splitting market, allowing users to trade future revenue rights. With the rise of Ethereum staking rates and yields of protocols such as USDe, the demand for the revenue trading market continues to increase, making Pendle highly concerned by the market in this bull market. Recently, Pendle's TVL has exceeded US$5 billion, and it has established partnerships with multiple mainstream DeFi protocols.
UNI: Uniswap is the origin of DeFi Summer and is the most commonly used decentralized exchange by users. It is the leader in this field. Recently, they also launched Unichain, but the market response was cold. However, this does not affect users' dependence on Uniswap products.
Conclusion: Blue chip project = Presidential cryptocurrency project
Regarding World Liberty Financial's massive cryptocurrency trading, Nansen analyst Nicolai Søndergaard told Bloomberg: "World Liberty Financial's purchase of tokens may be to gain more trust or to promote the development of its own projects by drawing attention to these assets. Because if these assets perform well, World Liberty Financial may also benefit from it."
World Liberty Financial actively deploys blue chip projects, which not only enhances the market's confidence in mainstream DeFi protocols, but also injects more institutional funds into the crypto market. Such capital flows further stabilize the market and push mainstream projects towards higher market value and development potential.
