DeFi 1.0 Tokens: Overlooked and Undervalued, Ready to Surge

Today in The Tentacle we’re taking a look at the forgotten DeFi 1.0 tokens which have survived these many years, building high revenues, but are stuck in the mud from a price perspective.

The story argues that a small group of older “DeFi 1.0” tokens remain overlooked despite surviving multiple market cycles, generating meaningful protocol revenue, and in some cases showing stronger fundamentals than their prices imply. The broader context is a renewed interest in DeFi as tokenholders and analysts revisit revenue, fee capture, and total value locked as valuation anchors rather than relying only on market momentum. Recent market commentary has pointed to a widening gap between DeFi usage and token performance. One data-driven screen cited by PANews identified eight DeFi-related projects as potentially undervalued based on combined metrics such as P/TVL and fee ratios, while other coverage has highlighted renewed attention on legacy names like Uniswap, Aave, Morpho, and Euler as DeFi activity and stablecoin usage expand. The article’s significance is that it frames DeFi 1.0 tokens as a possible rotation trade within crypto, where mature protocols with sticky usage and fee generation could re-rate if the market starts valuing cash flows more directly.

✨ AI-generated background, compiled from web sources — not editorial content.

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