Original title: Filter Your Defi WatchList FOR 2025
Original author: DeFi Warhol, encryption project researcher
Original compilation: ChatGPT

Editor’s note: The author believes that there may be some DeFi projects TGE in 2025. Although TVL did not break through its 2021 high, transaction volume hit a new high, indicating increased user interest. 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 deserve attention.

The following is the original content (the original content has been compiled for ease of reading and understanding):

There may be a lot of TGE this year, and here is a list of high-quality pre-TGE DeFi projects worth putting on the watch list.

Although there are some views that DeFi has surpassed the all-time high TVL in 2021, in fact it has not yet exceeded the 2021 peak. Currently, our TVL reaches $138 billion ($178 billion in 2021).

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

In addition, according to data from @KaitoAI, DeFi’s mental occupancy rate has been growing in 2025.

I think 2025 will be the year when we return to fundamentals, and the memecoin craze is over. Tracking the hottest DeFi projects is crucial. I will focus on the team members on each project, who will share updates and insights about new products and new features.

Next is the recommendation list:

@infinex_app

Infinex is a DeFi trading platform that provides a CEX-like experience but uses unmanaged accounts. It is completely abstracted to achieve seamless on-chain transactions.

Team:
@kaiynne
@JedWatson
@infinex_intern
@stableshaman

@babylonlabs_io

Babylon is a Bitcoin pledge protocol that brings the security and liquidity of Bitcoin to Web3 projects. Babylon aims to be the center of dapps and collaboration.

Team:
@dntse
@baby_fisherman

@Lombard_Finance

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

Team:
@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 Web 3 by making it more user-friendly and intuitive.

Team:
@TABASCOweb3
@jetjet_8
@ParticleIntern
@0xpengyu
@0xpeterpan_

@symbioticfi

Symbiotic is a decentralized re-pledge protocol that allows users to re-pledge assets, including Bitcoin, to earn additional revenue across multiple networks. It focuses on shared security for DeFi and the sovereign blockchain ecosystem.

Team:
@FelixLts
@pseudotheos
@Psalom
@JstarCS

@KelpDAO

Kelp is a re-pledge agreement that supports re-pledge of liquidity for Ethereum and other assets. It integrates with EigenLayer, allowing users to earn additional revenue while maintaining liquidity.

Team:
@GAmitej
@galacticminter

@hotdao_

The HOT protocol is a decentralized multi-party computing (MPC) wallet verifier network. It is designed to provide seamless Web3 access, cross-chain transactions and gas fee coverage.

Team:
@p_volnov
@Nikitadigital10

@MeteoraAG

Team:
@hellochow
@0x_Malc
@0xmiir

@opensea

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

Team:
@dfinzer
@NadavAHollander
@OliverMaroney
@adamilenich

@polymarket

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

Team:
@shayne_coplan
@HugoMartingale
@williamlegate
@2irl4u

“Original link”