The Future of Base DeFi With Aerodrome, Morpho, and Moonwell | Livestream

Bullish:

• $AERO - Aerodrome is the second largest DEX across EVM chains and the highest revenue producing DEX, outperforming Uniswap in revenue generation despite lower volume

  • “Aerodrome is not only the second largest DEX across EVM, second only to Uniswap, it's the highest revenue producing DEX by a large margin”

    Alexander·11:54
• $BASE - Base ecosystem is experiencing massive project migration from other chains, driven by Coinbase integration benefits and growing network effects

  • “We have seen a massive influx of projects. These are projects from other ecosystems who are looking to bridge their stuff over to base”

    Alexander·22:22
• $MORPHO - Morpho protocol has reached $13 billion in total deposits across multiple chains, with Base being the second largest deployment showing strong product-market fit

  • “Morpho now has 13 billions of total deposits across many different chains, especially Base, which is maybe the second this is the second largest instance of the Morpho protocol”

    Merlin·31:57
• $BTC - Bitcoin holders below $100,000 are reluctant to sell and prefer to access liquidity through borrowing, indicating strong long-term conviction

  • “Most people that are holding Bitcoin... since it was below $100,000, don't really wanna sell it right now. They wanna keep holding it. But they also wanna get liquidity”

    Luke·1:08:23
• $CBBTC - Coinbase's wrapped Bitcoin product is seeing strong adoption with $1.5 billion of Bitcoin used as collateral to borrow nearly $1 billion

  • “I think there's 1.5 billions of Bitcoin as collateral from Coinbase to to borrow almost, I don't know, maybe 1,000,000,000”

    Merlin·45:59
• $FIXEDRATE - Growing institutional demand for fixed-rate DeFi products as the market matures, particularly for traditional finance rails integration

  • “Fixed rate, it's because I mean, there's a lot of demand for that. Usually, if you end up using Tridentify Rails, it's usually fixed rate rate, at least for the on the boring side”

    Merlin·35:43

Bearish:

• $DOT - Polkadot ecosystem has failed to meet expectations with significant decline in market cap and ecosystem activity, leading protocols to migrate to other chains

  • “Our thesis for Polkadot was that, at the time, Dot was a $30,000,000,000 collateral asset... Now that opportunity didn't really pan out as we expected”

    Luke·1:02:49
• $UNI - Uniswap token lacks value accrual mechanism and remains purely a governance token without revenue sharing to token holders

  • “The Uniswap token is still fundamentally just a governance token... to date hasn't had any sort of value accrual flow back to it”

    Alexander·5:29