#Solana行情走势解读 Bear Market Bottom-Fishing Traps: These DeFi Tokens Must Be Cautious!

The capital landscape of the DeFi ecosystem is being reshaped. Projects that relied on incentives to support their markets in the old era are gradually losing blood, while tracks supported by actual demand, such as liquid staking and re-staking, are attracting funds.

Focus on the following promising directions:

$AAVE, the leading lending platform, best illustrates the point—total locked value jumped from $26 billion to $55 billion, showing that capital is voting with its feet and the fundamentals continue to be recognized. Additionally, $LDO-led liquid staking and re-staking ecosystems represented by $EIGEN and $ETHFI have accumulated substantial capital deposits, with significantly stronger risk resistance.

Projects to strictly avoid pitfalls:

$CRV, $CVX, $CAKE—projects that once relied on subsidies to sustain themselves—once incentive mechanisms loosen, the withdrawal of funds happens very quickly. Encountering these during a bear market is basically playing with fire.

The core logic is simple—DeFi is not cooling down; it’s entering a phase of survival of the fittest. Capital is flowing into top protocols with real business needs and clear business models. Instead of chasing small and medium projects for luck, it’s better to root in leading solutions that have proven strong capital absorption and closed-loop logic. Look at the data, observe capital flows, and don’t be fooled by stories.