As the cryptocurrency market gears up for another potential bull run in 2025, investors are keeping a close eye on low-cap altcoins with strong fundamentals. Analysts have identified two tokens that are quietly making waves and could be early contenders in the next wave of decentralized finance (DeFi) projects.
Aerodrome (Base Chain): Undervalued and Generating Serious Fees
One of the projects garnering attention is Aerodrome, a DeFi protocol built on Base, Ethereum’s layer-2 network. Despite not being the largest in terms of total value locked (TVL), Aerodrome is leading the Base ecosystem in fees and revenue generation.
The TVL on Base has been steadily climbing, with stablecoin usage on the rise. Among all Base protocols, Aerodrome stands out for its impressive revenue numbers, surpassing competitors like Morpho and Spark.
The Aerodrome token has been trading within a sideways range since March, presenting a potential accumulation zone for investors. Should prices dip towards the lower end of the range, it could offer a compelling buying opportunity, especially if Bitcoin maintains its strength in the market.
BlackHole (Avalanche): The Breakout Newcomer
Another token making waves is BlackHole, a new DeFi token launched on the Avalanche network. With over $200 million in TVL and a significant increase in fees, BlackHole has already surpassed some of the top protocols on Avalanche.
What sets BlackHole apart is its bridge infrastructure, which allows users to seamlessly transfer tokens like PEPE between different blockchain networks. As rumors swirl about potential partnerships between Avalanche and institutional entities, this bridge infrastructure could play a crucial role in driving future adoption.
In just a few short weeks, BlackHole has recorded over $1 billion in cumulative trading volume, and its user base continues to grow steadily.
As investors look for the next big opportunities in the cryptocurrency market, projects like Aerodrome and BlackHole are emerging as early contenders in the DeFi space. With strong fundamentals and impressive revenue generation, these tokens could be well-positioned for a surge in the coming months.