X @Token Terminal ๐
Token Terminal ๐ยท2025-12-20 17:37
RT Jonaso (@Jonasoeth)When you look at DeFi fees โ 5 sectors stand out: DEXs, Lending, Liquid Staking, Stablecoins, and Derivatives.These are the products with real product-market fit โ They keep DeFi alive in every market.- 2021 was driven by DEXs and Lending with Uniswap and Aave- 2023 belonged to Liquid Staking with Lido Finance- 2025 is the breakout year for Stablecoins and PerpDEX with Tether, Circle, Ethena and HyperliquidEspecially, derivatives are also stronger than ever โ @HyperliquidX changed the ...