The total market value of the crypto market is expected to reach $10 trillion: a summary of the latest progress of the projects I firmly believe in

The crypto market is projected to surpass $10 trillion by 2027, with potential for a major surge starting this year. Key updates on bullish projects include:
- GammaSwap: Launched a "Summer Sprint" incentive plan for its disruptive "Yield Token" technology in DeFi.
- Aave V4: TVL hits $49B, but market cap remains undervalued at $4.6B, signaling revaluation potential.
- Maple Finance: Now the largest on-chain asset manager by TVL, outpacing BlackRock's BUIDL.
- Ethereum Ecosystem: Gains momentum with TradFi integration, analyst confidence, and technical improvements.
- Kaito: A social data protocol under AI narrative, expanding beyond crypto into real-world applications.
- Euler ($EUL): A rebounding blue-chip lending protocol with strong product and risk control.
- DefiLlama: Essential DeFi data tracker, launching Pro Plan services despite having no token.
- $FLUID: Emerging DeFi blue chip with potential to join top tokens like $AAVE and $PENDLE.
- Pendle ($PENDLE): Continues innovating with yield refinement tools and the "Boros" project.
- Vertex: Acquired by Kraken as perpetual contract DEX infrastructure for its Layer2 network, marking CEX-DeFi integration.

The author remains bullish, viewing $10T as a baseline and $35T as a long-term target, with structurally sound projects leading the charge.

1️⃣ GammaSwap: Innovative income token mechanism + summer incentive plan launched

GammaSwap has officially entered the "Summer Sprint" phase, and the team (@0xDeFiDevin and its core members) has launched a new incentive plan to support its revolutionary **"Yield Token" technology**, which may have a disruptive impact on the DeFi yield structure.

2️⃣ Aave V4 release + TVL/market cap imbalance triggers revaluation potential

Aave recently announced the launch of version V4. Its TVL has reached $49 billion, but its market value is only $4.6 billion. Compared with other projects such as $CRCL, this valuation is obviously too low and has the logic of revaluation.

I recommend reading in-depth analysis articles by @mattdotfi and @castle_labs.

3️⃣ Maple Finance: TVL surpasses BlackRock BUIDL, becoming the leader in on-chain asset management

Maple has become the world's largest on-chain asset management protocol by TVL, surpassing Blackstone's BUIDL fund, demonstrating its dominance in the institutional-grade DeFi lending market.

4️⃣ Ethereum ecosystem: Sentiment and fundamentals are recovering simultaneously

$ETH is currently experiencing positive news on multiple levels, including:

The integration of traditional finance and Ethereum is accelerating (TradFi/ETH narrative);
Analyst Tom Lee rebuilds market confidence;
The technical structure has improved and activity has increased significantly.

5️⃣ Kaito: A new social data protocol under AI narrative

$KAITO is constantly iterating, and many people mistakenly think it is just another short-lived FriendTech project. But I think it has long-term vitality, and in the future it may even expand to real-world application scenarios outside the crypto circle (such as brand, consumer product token incentives, etc.).

6️⃣ Euler ($EUL): A blue-chip lending protocol that is making a strong comeback

Although I don’t currently hold $EUL, I am closely following its “return of the king” process. Their team continues to perform well in terms of products, risk control, and growth, and it is worth paying attention to in the long term.

7️⃣ DefiLlama: The most noteworthy crypto data infrastructure without tokens

Although DefiLlama currently has no tokens, it is irreplaceable in DeFi data tracking and on-chain transparency. Currently, Pro Plan professional services are launched and talents are being recruited. It is highly recommended to pay attention.

8️⃣ $FLUID: A new rising potential DeFi blue chip

While not in $FLUID yet, I am seriously considering taking a position. They have a lot of momentum and may soon be among the top DeFi tokens alongside $AAVE, $SYRUP, $PENDLE, $EUL, etc.

9️⃣ Pendle: A DeFi pioneer with continuous construction and overflowing IQ

$PENDLE is still one of my top 10 holdings, and the recent "Boros" project has shown strong innovation capabilities. The team continues to promote DeFi yield refinement tools and is undoubtedly still at the forefront of the outbreak.

🔟 Vertex acquired by Kraken: a key step in the implementation of L2 derivatives infrastructure

Kraken announced the acquisition of @vertex_protocol as the perpetual contract DEX infrastructure for its Layer2 network Ink.

This is a strategically significant integration, and it also symbolizes that the integration of CEX and DeFi has entered a new stage. I would like to express my respect and congratulations to the Vertex team. I have always supported them as an early ambassador in the past, and now I am very pleased to see them "graduate".

Conclusion: The crypto market is only one “structural trigger” away from an explosion

While I did not mention other holdings such as $SOL, $TAO, $COIN, etc. in this update, the overall portfolio has not changed much over the past few months.

I still firmly believe that $10T total market value is just the starting point, and the long-term goal is even expected to reach $35T.

In this process, projects with clear structure, real needs and strong execution capabilities will become the core winners.

We may be too Degen, but our faith in this era comes from "clarity in madness."

10 times is not a dream, but a reasonable expectation. 🚀