Several protocols have played a major role in the success of the DeFi ecosystem, now valued at $143 billion, with AAVE being among the top contributors to its success, bringing several utilities to life and ranking as the 6th most valuable DeFi protocol according to CoinMarketCap. Investors are betting it could lead the DeFi wave, gaining 10x.
While AAVE continues to make strides in DeFi, 1Fuel (OFT), the native token of an upcoming cryptocurrency wallet, is positioned to surpass AAVE’s gains. Analysts predict it could offer early investors a 100x return, with presale prices currently at $0.012.
DeFi pioneer AAVE could see a 10x rally
AAVE entered the DeFi space in 2017 as a protocol that helps bring traditional financial services such as lending and borrowing into a decentralized framework, making them cheaper and better.
Since then, its native token, AAVE, has been a significant player. Its historical price action has been impressive, having rallied by 1138.7% since its all-time low, with the past year accounting for 194.5% of the growth based on insight from CoinGecko.
AAVE’s recent gains of 39%, over the last 30 days, have played a major role in bringing its market capitalization to $4.82 billion, with analysts estimating it could surge to over $50 billion—10x growth—once the bull market ignites and highlights its role in the DeFi space.
Its TVL (Total Value Locked) used to determine the health of the overall AAVE protocol, has been on the rise, trading close to its all-time high of $23.179 billion and heading upward, as seen on DeFiLlama. An increase such as this suggests the protocol is in high demand, which indicates AAVE could rally to the upside soon.
Once the rally begins, AAVE will likely trade beyond its all-time high of $661.69, achieved in 2021, and could reach $3,500.
While AAVE’s developments in the near future seem exciting, analysts say its growth pales in comparison to what 1Fuel could achieve. They urge more investment before its big rally in 2025 and tag it the best cryptocurrency to buy.
1Fuel leads the race with crypto wallet innovation
Optimism surrounding the expected success of 1Fuel has been reinforced by the upcoming launch of its cryptocurrency wallet in 2025. However, this isn’t just any wallet, 1Fuel plans to launch the most innovative cryptocurrency wallet, combining utility and the best user experience.
One standout feature is its multi-chain capability, allowing seamless transfers of cryptocurrencies across multiple blockchains. Users benefit further by needing only the 1Fuel token for gas fees, simplifying transactions.
Functionality is only part of the story. 1Fuel’s wallet will also prioritize security and privacy. It offers a cold storage option—an offline method for safeguarding funds from hacks and malicious attacks—and a privacy mixer for investors seeking to prevent crypto tracking.
The 1Fuel wallet is set to become the perfect choice for DeFi protocols, increasing the value of the 1Fuel token.
Conclusion
AAVE plays a major role in the DeFi space, ranking 6th by valuation and still having room to grow. However, 1Fuel will push boundaries further, serving as a major support for DeFi protocols and the broader crypto market, making its 100X projection from $0.012 more attainable.
With several incentives and benefits accompanying 1Fuel, analysts consider it the best cryptocurrency to buy in 2025.
To learn more about 1FUEL, visit:
Presale: https://www.1fuel.io/
Telegram: https://t.me/Portal_1Fuel