Why investing in these DeFi tokens, in addition to Ethereum, Solana, make sense

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The DeFi ecosystem has been garnering a lot of attention of late. This space is evidently trying to blend itself with the traditional financial landscape. As things are slowly getting mainstream, regulatory authorities have been bombarded with a host of challenges. To broaden their understanding of the ecosystem, they have been taking varied measures.

According to a recent Forbes report ^[1], for instance, the U.S. Securities and Exchange Commission has gotten into a deal with Blockchain analytics firm AnChain to help monitor and regulate the “turbulent” DeFi industry. Ups and downs are a part and parcel of the growth and maturation phase of any industry. In retrospect, the instability and fluctuations become almost inevitable.

So, is it lucrative for market participants to cash in on the DeFi turbulence?

Apart from popular tokens like UNI, LUNA, AVAX and AAVE, lesser-known tokens like KAVA and RAY have also been appreciating in value of late. In fact, as per data from Messari, KAVA managed to fetch 56.6% returns to its HODLers over the past month. Parallelly, RAY investors earned 236.5% profits in the same time window.

Source: Messari ^[2]

Source: Santiment ^[3]

The growth of these alts have, by and large, been organic in nature. Price pumps have been accompanied by adjacent hikes in the respective alts’ trading volume. Furthermore, people from the community have been

Why investing in these DeFi tokens, in addition to Ethereum, Solana, make sense

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