Who Were DeFi’s Biggest Winners of 2024 and What’s Next in 2025?

15 snips

Jan 2, 2025

The podcast delves into the standout winners of decentralized finance in 2024, highlighting Solana's breakout year and the explosive growth of Base. Key trends discussed include Ethena's tokenized basis trade and the rise of memecoins as significant players. The hosts explore innovative strategies for yield generation, touching on Hyperliquid's benefits and the evolving role of stablecoins in the market. They also examine upcoming opportunities in liquid tokens and the impact of regulatory shifts shaping DeFi's future.

Ask episode

AI Snips

Chapters

Transcript

Episode notes

INSIGHT

Yield-Bearing Bitcoin

eBTC offers a yield-bearing Bitcoin exposure with speculative components like airdrops and platform points.
This makes it attractive for Bitcoin holders seeking productive ways to utilize their assets.

INSIGHT

Solana DeFi Kings

Jupiter and Camino are key players in Solana DeFi, offering high yields and looping strategies.
Jupiter's JLP pool and Camino's advanced credit layer drive significant economic activity.

ADVICE

Next-Gen DeFi Primitive

Explore Instadapp Fluid, a novel DeFi primitive rehypothecating collateral and debt as DEX liquidity.
This allows for passive earning of swap fees on both collateral and debt, potentially creating a positive feedback loop.

Get the Snipd Podcast app to discover more snips from this episode

Get the app

Patrick is the Creator of Dynamo DeFi and Stephen is the Founder of DeFi Dojo.

In this year-end episode, we review who are the biggest winners of DeFi in 2024 and what we can expect next in 2025! From Solana DeFi's breakout year to Base’s remarkable growth onchain, we dive into all the protocols, trends, and narratives that defined this part of the cycle. We discuss Ethena’s tokenized basis trade, Hyperliquid’s explosive volume, the rise of RWAs, ether.fi's lead in liquid restaking, and the killer apps driving adoption, including memecoins and tokenized AI agents. Plus, we explore emerging opportunities in liquid tokens, innovative primitives like Instadapp Fluid, and the regulatory shifts that could shape DeFi’s future.

------
🔗 Essential Show Links 🔗

► Edge Newsletter: https://the-edge.xyz
► Youtube: https://youtube.com/@defidad
► Apple: https://tinyurl.com/edgepod
► Spotify: https://tinyurl.com/edgepodspotify
► Linktree: https://linktr.ee/edge_pod
► Follow DeFi Dad: https://x.com/DeFi_Dad
► Follow Nomatic: https://x.com/Nomaticcap
► Learn DeFi: http://defidad.com/

------
The Edge Podcast Sponsor Resources

⏳ HOURGLASS | LEVERAGED AIRDROP FARMING AND BOOSTED POINTS

♦️ REDSTONE ORACLES | THE FASTEST GROWING ORACLE FOR DEFI

📈 iYIELD | YOUR FINANCIAL PICTURE, SIMPLIFIED

🧪 MANTLE | START YOUR RESTAKING JOURNEY TODAY WITH CMETH

🐡 PUFFER UNIFI | A BASED ROLLUP TO ETHEREUM WITH NATIVE YIELDS

🌔 MOONWELL | THE LEADING LENDING AND BORROWING APP ON BASE

------
Timestamps

0:00 - Intro
5:22 - DeFi Winners in 2024
5:44 - Pendle and Ethena’s big year
9:31 - Base and Aerodrome’s remarkable growth
10:53 - Solana’s best year yet
11:48 - pump.fun finds product-market fit
12:56 - Hyperliquid’s trade volume goes parabolic
21:01 - ether.fi leads among LRTs and is top 5 by TVL
27:19 - Stephen’s leveraged stake loop strategy for eETH on Aave
30:15 - Kamino and Jupiter were Solana kings of DeFi
35:05 - Why JLP is such a powerful money lego?
38:30 - Mantle mid-roll
39:11 - Why Instadapp Fluid is a next-gen primitive
47:00 - Usual launches a community-owned competitor to USDT
50:54 - RWAs prove being a winner this cycle
52:56 - Degens love T-bill-backed yields and protocols
54:54 - Moonwell mid-roll
55:27 - Memecoins are one of DeFi’s killer apps
58:42 - Tokenized AI agents lead the bull run into 2025
1:10:03 - The impact of friendlier DeFi regulation in 2025
1:13:18 - Opportunity in liquid DeFi tokens
1:19:21 - BTCfi had a big year but still promises huge growth ahead
1:22:03 - Closing

------

🔗 Guest Links 🔗

► Dynamo DeFi website: https://dynamodefi.com/
► Patrick on X/Twitter: https://x.com/dynamo_patrick
► DeFi Dojo website: https://whop.com/defi-dojo/
► Stephen on X/Twitter: https://x.com/phtevenstrong

------
If you're a DeFi/Web3 builder, contact our team at: https://fourthrevolution.capital/

All opinions expressed by hosts and podcast guests are solely their own opinions and not necessarily those of Fourth Revolution Capital. Podcast guests and 4RC may have positions in the assets or other matters discussed in this podcast. This podcast is for informational purposes only and should not be relied upon as a basis for investment decisions. Do your own research. This is not a recommendation or endorsement to buy any token(s) related to any platform(s) discussed.