Collecting Tokens Through Bull and Bear Markets
ETH Edition
Fundamentals and Technical Analysis of a Token
1. AAVE: Lending Leader, Driven by TVL Estimates
Latest Data (June 2025)
Price: $266.4 (Monthly Increase 88%)
TVL: $30 billion (up 50% from the beginning of the year)
Daily Average Income: > $1 million, Outstanding Loans: $10 billion
Technical Patterns:
Breakthrough $276 resistance, short-term channel target $305–326, support level $240–25059.
Upgrade Expectations:
Version 4 will launch in the second half of 2025, modular design + GHO stablecoin integration may reduce transaction costs by 50%
2. UNI: DEX Leader, Trading Volume Recovery
Latest Data (June 27, 2025)
Price: $6.912 (up 70% from April low)
May Trading Volume: $8.88 billion (YoY +22%)
Liquidity Pool Lock-Up Amount: $120 million
Institutional Progress:
Anchorage Digital connects to UniswapX, attracting institutional funds with low slippage trading
3. MKR: Deflationary Governance Token, Core of the DAI Ecosystem
Latest Data (May 2025)
Price: $1,669.89 (up 30% year-to-date)
DAI Circulation: > $15 billion, accounting for 12% of the lending market share
Burned Amount: >150,000 tokens (Total 1,000,000 tokens)
Value Logic:
Deflationary Mechanism (Debt Auction Burn) + Governance Premium (Sharing Protocol Income), Institutional Holdings Increase 300% Year-on-Year
Expansion Potential:
Real Asset Collateral (RWA) and Layer2 Deployment (Polygon) may open up a hundredfold liquidity space
Comparison Table of Key Indicators of Three Major Tokens
Indicators AAVE UNI MKR
Current Prices $266.4 $6.912 $1,669.89
Yearly Increase +88% (1 Month) +70% (2.5 Months) +30%
Core Business Indicators TVL $30 billion Monthly Trading Volume $8.88 billion DAI Circulation $15 billion
Supply Mechanism Dynamic Issuance Fixed 10 billion tokens Deflationary (Burn 150,000 tokens)
Short-Term Technical Targets $305–326 $10 $1,800
III. Market Trends and Industry Outlook
Overall Recovery of DeFi:
TVL returns to growth, Ethereum DEX trading volume increases by 30% monthly, institutions accelerate entry through compliant channels (e.g., Anchorage)
Innovation Track Integration:
DeFAI (AI + DeFi) is on the rise, simplifying operations and enhancing security, with potential market space in the hundreds of billions
Regulatory and Macro Impact:
EU MiCA framework is about to take effect, which may increase compliance costs, but is long-term favorable for institutional fund inflow
IV. Risk Assessment
Market Volatility:
UNI short-term RSI overbought, high risk due to BTC pullback; AAVE may trigger stop-loss if it falls below $240
Competitive Pressure:
Competing products like SushiSwap and Balancer divert users with incentive policies; UNI needs to continuously optimize v3 liquidity strategy
Technical Vulnerabilities:
Smart Contract Risks (e.g., Flash Loan Attacks) may impact confidence in AAVE and MKR
Core Conclusion:
The current DeFi sector is in a recovery cycle, with three major tokens showing differentiated advantages:
AAVE: TVL surpasses $30 billion, leading the lending market, driven by technological upgrades;
UNI: Trading Volume Hits New Highs, Institutional Access Catalyzes Valuation Recovery;
MKR: Deflationary Scarcity + DAI Essential Support, Long-Term Value Solid
Short-term volatility risks remain, suggesting phased allocation and stop-loss settings.
T2 Tier Tokens:
pendle #牛市布局 #山寨幣熱點 #财富密码 $AAVE $MKR