In a macro-focused interview with the Bankless podcast, Arthur Hayes, the former BitMEX CEO and current Maelstrom CIO, laid out his bullish thesis on Ethereum, arguing that a move to $10,000 or even $15,000 is a realistic outcome as global liquidity shifts and capital controls take hold in the next monetary regime.
Asked why ETH had rallied over 50% in a week, Hayes dismissed technical triggers and pointed instead to sentiment. “The most hated asset goes up the fastest in the next cycle,” he said. “It’s just human nature.” For Hayes, the Ethereum comeback was long overdue after years of being overshadowed by Solana and other high-beta tokens. “ETH was kind of dead. Everyone hated it. The BTC/ETH ratio was falling, Solana was running… it was time.”
Why Ethereum Could Soar To $10,000
Despite not having added to his position, Hayes said he remained long Ethereum and was unfazed by the current price. “It’s great it’s going up, but okay—let’s talk at $10,000 or $15,000. Let’s talk when it’s meaningful.”
Hayes placed Ethereum’s rebound in the broader context of what he calls a global monetary “phase shift”—a transition away from the US Treasury as the world’s reserve asset, toward a bifurcated system where store-of-value flows increasingly shift toward gold and Bitcoin. In this paradigm, Ethereum benefits not just from speculative risk flows, but also from structural changes in how capital moves under increasing financial repression and capital controls.
While he reiterated his belief that gold and Bitcoin are the two neutral reserve assets in a politically fractured world, Hayes sees Ethereum as a powerful high-beta trade in the coming wave of liquidity expansion. “They print the money,” he said bluntly. “And the consequence will be gold and Bitcoin going through the roof.”
Still, Ethereum’s path won’t be linear. Hayes acknowledged ETH’s underperformance versus Bitcoin so far, but suggested that ETH’s moment is coming—particularly if regulatory clarity improves or if decentralized finance regains traction with sustainable cash flows. He singled out projects like EtherFi and Pendle as examples of token ecosystems that might finally justify valuation through fundamentals.
The potential for Ethereum to outperform dramatically remains, Hayes argued, especially as the market continues to digest what he sees as the beginning of the end for the 50-year US Treasury-based global financial system. “If you want to preserve access to capital and spend it how you want, the only things you can own are gold and Bitcoin,” he said. But for the investor with appetite for asymmetry, ETH is “a hard slog” now—yet still in the early stages of what could be a runaway rally.
Whether Ethereum reaches the $10,000 mark in 2025 or beyond, Hayes is positioning for that outcome. “Mailstream is about 60% Bitcoin, 20% ETH and then you know a lot of other shitcoins and term sheets of token deals and stuff. On my non-crypto stuff, it’s physical gold and gold miners and T bills. That’s it,” Hayes revealed.
Dogecoin has entered a critical phase as it consolidates below the $0.26 resistance level, facing rising pressure after a sharp rejection last week. Since tagging a local high on May 10th, DOGE has dropped over 18%, retracing some of the gains from its impressive rally that began in early April. Bulls had built strong momentum following the breakout above $0.13, which marked a 100% price surge within a month. However, recent price action suggests the move may be stalling.
The market now watches closely to see if Dogecoin can defend current levels or if further downside is on the horizon. According to top analyst Ali Martinez, the latest rejection has opened the door for a possible revisit to the $0.213 level — a key zone that previously served as both resistance and support. This level may now act as a magnet for price if bullish control continues to fade.
While sentiment remains cautiously optimistic, the next move will depend on whether bulls can reclaim momentum or if DOGE breaks below its local range. The coming days could define the trajectory of Dogecoin’s midterm trend, with volatility likely to pick up.
Speculation Rises But DOGE Faces Crucial Test
During the recent correction that sent shockwaves across the crypto market, meme coins like Dogecoin were among the most heavily affected assets. As Bitcoin and major altcoins faced steep retracements, DOGE experienced an aggressive pullback, shedding over 18% since May 10th and erasing a significant portion of its earlier gains. This correction disrupted the bullish structure that had formed after DOGE surged over 100% from early April, following a breakout above the $0.13 mark.
Despite the drop, speculation continues to mount around Dogecoin’s potential to lead if the market regains momentum. Historically, DOGE has acted as a high-beta asset, often outperforming in euphoric phases of the cycle. With the broader market attempting to stabilize, some analysts view DOGE as a likely beneficiary if sentiment shifts bullish once again.
Still, risks remain. Price is now hovering just above key support levels, and a failure to hold this zone could trigger a deeper retracement. Martinez shared a technical view suggesting that if current levels fail to hold, Dogecoin may want to revisit the $0.213 level — a critical area that previously acted as a launchpad during the April breakout.
The coming sessions are likely to be decisive. The meme coin narrative could regain strength if bulls reclaim control and push DOGE back toward the $0.26 resistance. However, if bearish momentum builds and DOGE breaks lower, it would signal a continuation of the current downtrend. For now, all eyes remain on this pivotal support zone as Dogecoin navigates a high-stakes moment within the broader market’s uncertain conditions.
Technical Details: Dogecoin Facing Crucial Demand
Dogecoin (DOGE) is showing signs of weakness after failing to hold above key resistance near $0.26 earlier this month. The daily chart indicates that DOGE is currently trading at $0.221, consolidating just above the 200-day EMA ($0.219) and below the 200-day SMA ($0.269). This range has acted as a battleground between bulls and bears, with the recent candles forming tight-bodied structures, signaling indecision.
Volume has declined notably since the early May breakout, suggesting a loss of momentum and trader interest. If DOGE loses the $0.219–$0.220 support zone, the next logical support level sits near $0.213, aligning with analyst concerns of a potential retest of that level. A breakdown below this area could trigger further downside pressure toward the $0.19 zone.
On the upside, reclaiming the 200-day SMA at $0.269 would be a significant bullish signal, as it would place DOGE back above long-term resistance. However, the current trend favors a cautious stance, especially amid broader market uncertainty and weakened sentiment across altcoins. Overall, the chart reflects a pause in bullish momentum and rising risk of a deeper retrace unless DOGE regains strength above key moving averages. The next few days could determine whether consolidation holds or turns into a full correction.
Featured image from Dall-E, chart from TradingView
Today, New York City hosted its first ever crypto summit.
The event took place at Gracie Mansion, the mayor’s residence, and was attended by prominent figures from the crypto industry, many of whom are based in New York.
At the event, Mayor Adams made the case that he felt the attendees’ pain, stating that they’ve wrongfully been persecuted, and he claimed that it’s now safe for those in the Bitcoin and crypto industry to both speak up and set up shop in New York.
“Look how they’ve treated you,” said Mayor Adams.
“You were treated as though you were the enemy instead of the believers,” he added.
“You’ve been hiding in the shadows, afraid to come out — come out now.”
As Mayor Adams continued, he recommitted to making New York the “crypto capital of the world,” something he first claimed he’d do in 2021, though not much has materialized on this front since then.
New York has continued to be a jurisdiction that’s nearly impossible for Bitcoin and crypto start ups to do business in thanks to the BitLicense, a license required to operate a digital asset company within the state.
Obtaining a BitLicense often costs upwards of $100,000 and takes months, if not years, of cutting through red tape and hopping over bureaucratic hurdles to attain.
Most start ups don’t have the time or funds to obtain one.
So, when Mayor Adams and New York City’s Chief Technology Officer, Matthew Fraser, tasked the attendees at today’s event, with coming up with solutions that would help to make New York City a more crypto-friendly jurisdiction, many brought up the need to abolish the BitLicense — or to at least make New York City immune to its reach.
New York City As A Bitcoin And Crypto Sanctuary City
“To build a thriving [crypto] economy, we have to get rid of the BitLicense,” said one attendee. “We at least need to build a regulatory sandbox in New York City.”
Another attendee argued that “New York City should become a sanctuary city from the BitLicense.”
Attendees made comments like these after sessions of roundtable discussions during which the attendees discussed different issues related to Bitcoin and crypto before having a representative from their table share proposals with the room at large. (Because the attendees agreed to honor the Chatham House Rule, I cannot offer the names of those who spoke on behalf of their groups at the event. However, I can offer the names of the keynote speakers.)
Another attendee who said that New York should become a “crypto sanctuary city” pointed out that there is precedent for this, as the city allowed the cannabis industry to operate within its borders while the rest of the state did not.
Nick Spanos, who founded the first in-person exchange and the earliest in-person Bitcoin meeting space in New York City, the Bitcoin Center, in 2013, also made the case for New York as a crypto sanctuary city.
“We’re giving sanctuary to immigrants — we can give sanctuary to crypto companies,” he said in an impassioned tone.
Nick Spanos claims that NYC should be a crypto sanctuary city. | Photo credit: Frank Corva
Spanos went on to critique the BitLicense, calling into question its legitimacy.
“What kind of license is it when, after 12 years, there are only 30 of them?!” cried Spanos. “That’s an insider license!”
Now Is The Time To Pass Crypto Legislation In New York State
Galaxy CEO Mike Novogratz highlighted that now is the time for New York to pass legislation that will benefit the crypto industry.
“After five difficult years, DC has said let’s embrace this technology,” said Novogratz, alluding to the notion that New York should follow the federal government’s lead.
“New York State has not made crypto easy — it’s taken a long time for people to get licenses,” he added.
Novogratz also shared that the crypto industry is “ready for take off,” though he also put the onus on the industry to prove itself by creating products that provide real value to users.
He concluded by saying that, thus far, he’s only really seen value in Bitcoin and stablecoins.
On the topic of stablecoins, Brock Pierce, co-founder of Tether, called on Albany (New York’s capitol) to pass Assembly Bill 6266 and Senate Bill 3262, both of which would establish requirements for the creation and operation of limited purpose trust companies if enacted into law. Such law would seemingly play a role in enabling Tether to operate in New York.
Other Suggestions For Crypto Applications From The Attendees
A number of attendees also suggested creating crypto products that would help offer financial services to New York City’s approximately 305,000 residents who do not have a bank account (though, none suggested including bitcoin in these services).
Many also stressed the importance of “crypto and blockchain education” within New York’s public school system.
Even Mayor Adams touched on this in his talk.
“Every young person in the DOE [Department of Education] should know about blockchain and crypto,” he said.
And one attendee suggested using blockchain to safeguard the city’s public records.
(I piggybacked on this idea by suggesting that the city consider employing Simple Proof, a company that utilizes the OpenTimestamps protocol on Bitcoin to safeguard public documents, including election results, to help safeguard its important documents.)
Call To Action
Mayor Adams said that when he, the “mayor of the greatest city on the globe,” starts talking about Bitcoin and crypto the rest of the world will pay attention.
For this reason, he said he wanted the best and brightest to help guide him as he broaches the topic.
At the conclusion of the event, attendees were asked to share their notes so that Adams’ team could review them and potentially call on certain attendees to help the mayor forge a more favorable regulatory path forward.
It seems staff was primed to help, as Fraser asked the attendees to “help the city deregulate the industry.”
Only time will now tell if Mayor Adams and his team will follow through on working with the Bitcoin and crypto industry to make it easier for crypto companies to operate in New York City, or if he’ll lose interest in such an initiative like he did four years ago.
A crypto strategist who nailed the Bitcoin top in January is warning that BTC’s recovery rally may witness an abrupt end.
Pseudonymous analyst Bluntz tells his 318,200 followers on the social media platform X that Bitcoin appears to be forming a bearish divergence on the daily chart.
The bearish reversal signal suggests that bullish momentum is waning even though an asset’s price is moving higher or sideways.
“There’s a daily BTC bear div brewing here if it closes red by [today].
It’s unfortunate that it has appeared before fresh all-time highs, but it’s the first one since last year.
Be careful with longs in my opinion.”
Source: Bluntz/X
At time of writing, Bitcoin is trading for $105,546.
Turning to gold, the analyst believes that the precious metal is poised to ignite a rally to a new all-time high after completing an ABC corrective wave.
Bluntz practices the Elliott Wave theory, which states a bullish asset will continue its uptrend after an ABC correction.
The trader shares a chart suggesting that gold will rally to a new record high of $3,600.
“Gold gathering steam for the next leg up here.”
Source: Bluntz/X
At time of writing, gold is worth $3,221.
As for the memecoin Floki (FLOKI), Bluntz predicts that the altcoin would dip to around $0.00008 before exploding to $0.00018.
“Looks like FLOKI is one of the few memes with a clear impulse five-wave rise from the lows on the daily, indicating the low is in.
Would be very interested in bidding pullbacks around the 50 fib if given.
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Bitcoin is currently trading around the $105,000 mark after a brief uptick to $107,000 in the past 24 hours. Notably, this marks the second time Bitcoin has rejected around $107,000 in the past few days. Despite this volatility, Bitcoin managed to close last week’s candle above a key resistance level that had capped its price action for weeks. This close, recorded just above the red horizontal line at $103,000, has introduced confidence in the continuation of the uptrend, and points to the bulls still in control of Bitcoin’s price action.
Bitcoin Weekly Closes Above Range – First Bullish Step
Current Bitcoin price action shows that bullish investors and buyers are still controlling the momentum behind the largest cryptocurrency and, in essence, the rest of the crypto market. Notably, Bitcoin initially experienced a brief surge to nearly $107,000 over the weekend before retreating.
This price movement was followed by a dip to around $102,000, with the back-and-forth most likely being influenced by factors such as Moody’s downgrade of U.S. debt and investor reactions to potential interest rate cuts by the Federal Reserve.
However, in an interesting note, the BTC price managed to close above the $103,000 range during this first move to $107,000, which is very important in terms of technical analysis going forward. This sentiment is echoed by crypto analyst Rekt Capital on social media platform X, who pointed out the next step that might play out for Bitcoin.
Post-Breakout Retest Underway, Says Rekt Capital
The $104,000 price level had previously acted as a stubborn ceiling throughout much of the recent Bitcoin price consolidation between $102,000 and $104,000 since May 9. However, since breaking above this level, the ensuing price action has seen the Bitcoin price retracing towards this level after another rejection at $107,000.
According to crypto analyst Rekt Capital, the dip following the $107,000 rejection isn’t necessarily bearish. Instead, it could be part of a post-breakout retest, a pattern often seen in strong bullish structures.
If this retest successfully confirms the former resistance as new support, BTC could set the stage for a breakout into fresh all-time highs. As shown in the 1W Bitcoin price chart above, the red resistance level is very close to Bitcoin’s January 2025 all-time high around $108,780.
Furthermore, the chart shows that the recent breakout above the $90,000–$103,000 zone appears to mirror a pattern of Bitcoin’s breakout after a consolidation move, after another bounce from a low. In this case, the bounce occurred at the $75,000 low in early April.
If Bitcoin does rebound with enough trading volume around $104,000, this could provide the much-needed momentum for a move above $107,000 and finally above $108,700 again. At the time of writing, Bitcoin is trading at $105,555, up by 2.9% in the past 24 hours.
Dogecoin slipped 7% early this week, wiping out much of its gains from last Friday. But a pair of chart watchers say the pullback could be brief.
According to analysis from Jake Wujastyk, the meme token is poised for a sharp climb once key levels hold. Based on reports from fellow analyst Bitcoinsensus, there’s even more upside sketched out on detailed patterns.
Chart Pattern Signals Potential Breakout
Jake Wujastyk spotted a descending triangle that began forming after Dogecoin hit $0.26 on May 11. Prices swung between the upper resistance line and a lower support line, tightening the wedge. Earlier, DOGE surged 8% in a single session, pushing near the top trend line.
Daily Trend Break Opportunity on $DOGE#Dogecoin has been slightly pulling back in a very healthy manner, preparing for the next major breakout
The anticipated breakout is expected to happen within the next 7 days, with a retest of the trendline for confirmation.
Now the coin has dipped back into the wedge, but it’s still trading between those two lines. If the pattern breaks upward, Wujastyk argues that it could set the stage for a rapid move higher. Volume hasn’t spiked yet, so the setup isn’t sealed. But the shape of the chart suggests potential for a breakout.
#Dogecoin There’s no way I couldn’t take this trade with a chart that looks like this.
Based on reports, Wujastyk expects a “twofold rally” from current levels. That means pushing from around $0.21 today to roughly $0.45. That’s about 114% higher. He’s confident there’s “no way you won’t take a Dogecoin trade” if the chart action holds.
His call comes as the token struggles this week, down 7% in one day and flirting with erasing the prior week’s gains. Wujastyk’s bullish view hinges on a bounce off the wedge’s support, followed by a strong push through resistance. If it happens, traders could see quick gains, he says.
Mixed Targets Highlight Uncertainty
Another voice, analyst Bitcoinsensus, sees a similar move to above $0.40 but on a slightly different pattern. He points to an inverse head‑and‑shoulders that formed between March and early May.
The left shoulder came from a March 11 low at $0.14, the head from an April 7 dip to $0.13, and the right shoulder near $0.16 on May 6. After the pattern broke out, DOGE hit a trendline that’s capped gains since December’s $0.48 high.
Even with a pullback from that supply zone, Bitcoinsensus says a further push could launch Dogecoin back toward $0.42–$0.43 within seven days. Those targets suggest a 100–104% jump from today’s price.
Featured image from Unsplash, chart from TradingView
The majority of KindlyMD’s shareholders delivered written consent in favor of the merger on May 18, 2025. The transaction is now on track to close in the third quarter of 2025, following the SEC’s review and distribution of an information statement to shareholders. Under current terms, the deal will close 20 days after the statement is mailed.
Full release: https://t.co/jsn4XNW1dK “We are pleased to achieve this important milestone in the merger process,” said Tim Pickett, CEO of KindlyMD. “As a combined company, we are excited to leverage Bitcoin’s dominance and real-world utility to strengthen our company and drive… pic.twitter.com/YPD3ajZFNf
“This milestone brings us one step closer to unlocking Bitcoin’s potential for KindlyMD shareholders,” said David Bailey, Founder and CEO of Nakamoto. “We are grateful that KindlyMD shares our vision for a future in which Bitcoin is a core part of the corporate balance sheet, and investors across global capital markets have exposure to the world’s greatest asset and store of value.”
Nakamoto is building a global portfolio of companies aligned around Bitcoin’s core principles. Through treasury strategy and targeted acquisitions, the company aims to redefine capital markets infrastructure with Bitcoin at the center.
KindlyMD, meanwhile, brings to the table a unique model of integrated, data-driven healthcare focused on reducing opioid dependence and improving outcomes through personalized treatment and alternative medicine education. Its clinical services are reimbursed through Medicare, Medicaid, and commercial insurance.
Tim Pickett, CEO of KindlyMD, emphasized the strategic benefits of the deal: “We are pleased to achieve this important milestone in the merger process. As a combined company, we are excited to leverage Bitcoin’s dominance and real-world utility to strengthen our company and drive sustained long-term value for our investors.”
Disclosure: Nakamoto is in partnership with Bitcoin Magazine’s parent company BTC Inc to build the first global network of Bitcoin treasury companies, where BTC Inc provides certain marketing services to Nakamoto. More information on this can be found here.
The U.S. Senate voted Monday to advance the Guiding and Establishing National Innovation for U.S. Stablecoins Act (GENIUS Act), a bill aimed at regulating stablecoins, following a 66-32 procedural vote.
The legislation, introduced by Sen. Bill Hagerty (R-Tenn.), seeks to establish a federal framework for stablecoin issuers, requiring full asset backing, monthly reserve disclosures, and annual audits for issuers exceeding $50 billion in market capitalization.
The bill also restricts algorithmic stablecoins and prohibits large technology firms from issuing stablecoins unless they meet financial risk and consumer privacy criteria.
The vote comes two weeks after Senate Democrats blocked the measure, citing concerns over consumer protections and potential conflicts of interest related to President Donald Trump’s cryptocurrency ventures.
“The bill as it currently stands still has numerous issues that must be addressed, including adding stronger provisions on anti-money laundering, foreign issuers, national security, preserving the safety and soundness of our financial system, and accountability for those who don’t meet the act’s requirements.”
Several Democratic senators later changed their stance, allowing the bill to proceed to debate on the Senate floor.
The GENIUS Act is expected to face further amendments before a final vote, which could take place as early as the end of the week. If enacted, the bill would mark the first federal regulatory framework for stablecoins, a sector currently valued at nearly $250 billion.
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Ethereum is holding strong above the $2,500 mark after a volatile two-week stretch marked by heavy resistance and indecisive price action. While bulls have successfully defended key support levels, ETH continues to struggle against the supply wall just below $2,800. The broader crypto market mirrors this sideways trend, with Bitcoin and total market cap also trapped within tight ranges, limiting bullish momentum across the board.
Analysts are growing optimistic about the potential for an altseason — but only if Ethereum can convincingly reclaim the $3,000 level. A decisive breakout above that mark would signal renewed strength and likely spark a broader rally in altcoins, many of which have lagged behind in recent weeks.
Top analyst Daan shared a technical breakdown, noting that Ethereum’s price action has been volatile over the past two weeks. He emphasized that ETH is currently range-bound, much like BTC and the rest of the crypto market. Until there’s a clear breakout from this local structure, traders remain cautious.
Ethereum Bulls Hold Structure But Momentum Cools
Ethereum bulls gained traction earlier this month when the price surged above the $2,200 level with ease, establishing a bullish structure for the first time in weeks. Momentum accelerated quickly, with ETH breaking through $2,550 on Sunday before retracing just as fast into the $2,400 zone. The rapid up-and-down action highlights the current uncertainty in the market, where investors remain cautious despite recent strength.
The Sunday pullback added weight to analyst warnings that Ethereum could face short-term selling pressure before confirming the next leg up. While many remain bullish on ETH’s medium-term trajectory, they acknowledge that momentum has cooled and the market is pausing to reassess.
Daan provided insights into Ethereum’s behavior, describing the price action as “pretty messy” over the past two weeks. He pointed out that ETH, like Bitcoin and the broader crypto market cap, is currently trapped in a tight range. According to Daan, he’s “not looking to do much until we at least convincingly break out of this local range.”
The defined range sits between $2,100 (key support) and $2,800 (major resistance). If Ethereum holds above current levels and pushes past $2,800, it could trigger a fresh wave of bullish momentum. Until then, consolidation may persist.
ETH Consolidates Below Resistance As Bulls Hold The Line
Ethereum (ETH) is currently trading at $2,539 after a volatile week marked by strong bullish attempts and growing resistance pressure. The daily chart shows ETH attempting to hold above the 200-day EMA ($2,440.71), which has now turned into a short-term support zone. Meanwhile, the 200-day SMA sits higher at $2,701.31, acting as a key resistance level Ethereum must overcome to confirm a sustained rally.
After a sharp rally in early May that propelled ETH from under $2,000 to above $2,700, the price has entered a period of consolidation. This pause comes after multiple failed attempts to break and hold above the $2,700 resistance, just under the 200SMA. Volume has decreased, and the recent price action suggests a battle between bulls trying to defend the $2,500 level and bears pressing to cap upside moves.
The bullish structure remains intact as long as ETH stays above the 200EMA and within the $2,400–$2,600 range. However, a failure to maintain current support could expose Ethereum to a deeper retracement toward $2,200. For bulls, reclaiming $2,700 is essential to unlock the next leg higher toward the psychological $3,000 level. Until then, traders should expect choppy price action and tightening volatility.
Featured image from Dall-E, chart from TradingView
SUN – which is a platform for swap, yield farming, and self-governance on Tron – has firmly retained its position as the second-largest protocol by total value locked (TVL) on the blockchain. It is currently trailing only behind the lending giant JustLend.
With approximately $985 million locked in, SUN accounts for a significant share of Tron’s liquidity.
The growth can be attributed to user confidence in its liquidity pools and incentive mechanisms, according to CryptoQuant’s latest report. Over the past 14 days, SUN’s TVL has grown by $38 million, which reflects a steady user engagement. Notably, newer iterations like SunSwap 2 and SunSwap 3 are attracting more volume than the original SunSwap 1.
CryptoQuant revealed that several factors are boosting this upward trend, including favorable farming incentives, stable returns from liquidity provision, and a lower risk profile compared to lending platforms. SUN’s growing role as a liquidity base for key Tron trading pairs is also contributing to its appeal. This momentum reinforces its “structural importance to the ecosystem’s health.”
If the trend continues, SUN may reduce the current over-dependence on JustLend and help create a more balanced DeFi on Tron. If the growth pattern holds steady, SUN is expected to secure a bigger slice of the TVL, which, in turn, could lessen the current over-concentration in JustLend.
Zooming out, Tron evolved from a USDT-centric network into a thriving DeFi ecosystem in 2024. While USDT remained dominant, new platforms like SunSwap and SunPump significantly boosted decentralized activity.
