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    DeFi Currencies Surge Following US Elections and Regulatory Clarity, Pushing Sector Valuation to Three-Year High

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    Digital currencies from various decentralized finance (DeFi) platforms, including Curve Finance, Athena, dYdX, Lido, PancakeSwap, Uniswap, and SushiSwap, have increased by over 50% in November. This follows the U.S. elections and expectations of clearer digital asset regulations. The total value in DeFi protocols reached a three-year high of $118.4 billion on Nov. 25. Cryptocurrencies outperformed traditional assets last week, with $3.1 billion invested into crypto exchange traded funds. Additionally, Bitcoin’s dominance has fallen below 60%, suggesting increased diversification in the crypto market.

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    As November wraps up, digital currencies from various decentralized finance (DeFi) platforms are seeing their values rise by more than 50%. This uptick in interest and investment comes after the U.S. elections and expectations of clearer regulations for digital assets.

    According to data from the Tie Terminal, tokens from Curve Finance (CRV), Athena (ENA), dYdX (DYDX) and Lido (LDO) have seen some of the biggest increases over the last 30 days. Right now, CRV is up a whopping 120.23%, while ENA has risen 77.6%, DYDX jumped 53.7% and LDO saw an increase of 64.9%.

    Not to be outdone, PancakeSwap (CAKE), Uniswap (UNI) and SushiSwap (SUSHI) have also made impressive strides recently. CAKE has soared 53.8%, UNI is up 54.7%, and SUSHI has gained 57.9%.

    All these gains have pushed the values back to what they were earlier in the year. DefiLlama says the total value held in DeFi protocols was $118.4 billion on Nov. 25, the highest it’s been in three years.

    These increases have happened across the crypto world since Donald Trump won a new term in the White House. However, the prices of these altcoins have recently started to move independently of Bitcoin.

    Analysts from Bitwise explain that Bitcoin’s dominance has fallen below 60% between Nov. 18-22, giving people more chances to diversify their investments. They think this change is thanks to Gary Gensler leaving his role as Chair of the Securities and Exchange Commission, which was announced on Nov. 21.

    On Nov. 25, Bitcoin’s price was still around $96,000, just shy of the $100,000 milestone. Long-term Bitcoin holders have been cashing in their profits.

    Last week, cryptocurrencies outperformed traditional assets by a wide margin. The amount of money flowing into cryptocurrency exchange traded funds (ETFs) hit a record $3.1 billion for the week ending Nov. 22.

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