#加密市场反弹 Decentralized Finance (DeFi) experienced a downturn after the LUNA collapse and the FTX incident in 2022. However, market data from 2025 indicates that DeFi is making a strong comeback - the Total Value Locked (TVL) has returned to a high of $156 billion, and Layer-1 public chain leaders are gearing up. With changes in the U.S. political landscape and possible shifts in the regulatory environment, the crypto market may be poised for a new growth cycle. This article will focus on the latest developments and investment prospects of three major public chains: Ethereum (ETH), Avalanche (AVAX), and Cardano (ADA). Ethereum (ETH): The Core of DeFi and Stablecoin Dominance As the pioneer of DeFi and the second-largest crypto asset by market capitalization, Ethereum remains the top choice for capital and developers. Technical Advantage: The Burn Mechanism introduced by EIP-1559 has reduced ETH's inflation rate to about 0.75%, compared to Bitcoin's post-halving level#Token of Love广场打CALL赢门票 #加密市场反弹 #美联储7月会议纪要 .