DeFi coins on the Ethereum network have retreated this year, aligning with other cryptocurrencies. Some of the top blue-chip DeFi crypto coins on the network may start benefiting from an investment by Ethereum Foundation, which has started to deploy its 50k ETH balance. This article explores some of the best DeFi tokens that could achieve a 100x return. Top DeFi Coins That May 100X as Ethereum Foundation Deploys Ethereum Foundation, which has been actively selling its ETH holdings , has started to deploy these funds to DeFi networks in its ecosystem. It has supplied 10k wETH tokens to Spark and 20.8k wETH to AAVE. It now has 9,200 ETH tokens to distribute, possibly to other DeFi networks in its ecosystem. Some of the potential DeFi coins that may benefit are Lido DAO (LDO), Morpho (MORPHO), and Uniswap (UNI). Ethereum Foundation is Distributing ETH tokens Lido DAO (LDO) Lido DAO is the biggest player in the decentralized finance industry with over $25 billion in staked assets. It is also the most profitable Ethereum DeFi network, making over $124 million in fees this year. Speculation among social media users is that Ethereum Foundation may deploy some of the balance to its network. LDO token remains much lower than its all-time high of $4.040 and technicals suggest that it has more upside to go. The chart shows that the coin has formed a cup and handle pattern. It has already completed the cup section and is now in the handle part. As such, a rebound above the upper side at $2.48 will point to more upside, potentially to its all-time high at $4.038, up by 125% from the current level. Lido DAO Price Morpho (MORPHO) Morpho is one of the best DeFi coins that may surge in the near term. It is a leading DeFi network deployed on Ethereum and Base. It has accumulated over $6 billion in deposits and has $2.18 billion in active loans. Morpho is a good DeFi crypto coin to buy because Coinbase selected it to offer crypto loans earlier this year. Also, the total value locked in its ecosystem has continued growing. As such, Ethereum Foundation may decide to deploy capital to the network to boost its ecosystem growth. Uniswap (UNI) Uniswap is one of the best DeFi coins that may generate substantial returns over time. Its UNI token has crashed by almost 50% from its highest point in December, making it a bargain. Uniswap has numerous catalysts that may push it higher. It is a highly profitable network that has already made $146 million in fees this year. Uniswap also launched the Unichain mainnet that may lead to more transactions and volume. Further, Uniswap still handles billions worth of transactions a day. Its seven-day volume was $16 billion , while its monthly one was $105 billion. Other Ethereum DeFi Crypto Coins to Buy The other popular Ethereum DeFi Coins that may surge soon are Ethena, Maker, Compound Finance, and Rocket Pool. The post 3 DeFi Coins That Could 100X as Ethereum Foundation Deploys 30,800 ETH appeared first on CoinGape .
