Attention Returns to DeFi? A Review of Pre-TGE Projects Worth Ambush

Filter Your Defi WATCHLIST for 2025

Original author: DeFi Warhol, 加密货币 project researcher

Original translation: ChatGPT

Editors note: The author believes that there may be some DeFi project TGEs in 2025. Although TVL has not broken the 2021 high, the transaction volume has reached a new high, indicating that user interest has increased. This article recommends some high-quality pre-TGE projects, such as Infinex, Babylon, Lombard, etc. These projects have outstanding performance in innovation and team strength and are worthy of attention.

以下为原文内容（为了方便阅读和理解，对原文内容进行了重新整理）：

There will likely be a ton of TGEs this year, and here are some high-quality pre-TGE DeFi projects that are worth putting on your watchlist.

Despite some perceptions that DeFi has surpassed its all-time high TVL in 2021, it has still not broken through its 2021 high. Currently, we are sitting at $138 billion in TVL ($178 billion in 2021).

However, we set some new records. Following the launch of the $TRUMP token on January 18, 2025, we set a new record for daily trading volume of $48 billion. Trading volume may be a better indicator than TVL, reflecting capital and user interest and retention.

Additionally, according to @KaitoAI, DeFi鈥檚 mindshare has been growing in 2025.

I believe that 2025 will be the year we return to fundamentals and the memecoin craze is over. It is critical to track the hottest DeFi projects. I will highlight team members in each project who will share updates and insights on new products and features.

Here is the recommended list:

@infinex_app

Infinex is a DeFi exchange that provides a CEX-like experience but uses non-custodial accounts. It is fully abstracted to enable seamless on-chain trading.

团队：
@kaiynne
@JedWatson
@infinex_intern
@stableshaman

@babylonlabs_io

Babylon is a Bitcoin staking protocol that brings the security and liquidity of Bitcoin to Web3 projects. Babylon aims to be a hub for dApps and collaboration.

团队：
@dntse
@baby_fisherman

@Lombard_Finance

Lombard is a DeFi protocol that allows users to borrow using Bitcoin and crypto assets as collateral while earning yield through optimized DeFi strategies.

团队：
@Maksym_Web3
@GeorgePBeall
@KevSilk
@JacobPPhillips

@ParticleNtwrk

Particle is a modular blockchain infrastructure project that focuses on all three levels of abstraction. It simplifies the use of Web3 by making it more user-friendly and intuitive.

团队：
@TABASCO 网络3
@jetjet_ 8
@ParticleIntern
@0xpengyu
@0xpeterpan_

@symbioticfi

Symbiotic is a decentralized re-staking protocol that allows users to re-stake assets (including Bitcoin) to earn additional yield in multiple networks. It focuses on shared security for DeFi and sovereign blockchain ecosystems.

团队：
@FelixLts
@pseudotheos
@Psalom
@JstarCS

@KelpDAO

Kelp is a re-staking protocol that supports liquidity re-staking of Ethereum and other assets. It is integrated with EigenLayer, allowing users to earn additional income while maintaining liquidity.

团队：
@GAmitej
@galacticminter

@hotdao_

HOT Protocol is a decentralized multi-party computation (MPC) wallet validator network. It aims to provide seamless Web3 access, cross-chain transactions, and gas fee coverage.

团队：
@p_volnov
@Nikitadigita l1 0

@MeteoraAG

Meteora is a DeFi project based on Solana that provides dynamic liquidity solutions including DLMM, lending yield, and automated vaults.

团队：
@hellochow
@0x_Malc
@0xmiir

@opensea

OpenSea is one of the worlds largest NFT markets, allowing users to buy and sell NFTs on platforms such as Ethereum and Polygon.

团队：
@dfinzer
@NadavAHollander
@OliverMaroney
@adamilenich

@polymarket

Polymarket is a decentralized prediction market platform where users can trade based on the outcomes of real-world events.

团队：
@shayne_coplan
@HugoMartingale
@williamlegate
@2irl4u

原文链接

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