New Report: LATAM's rise in global crypto markets

Read now
Subscribe Kaiko Data
  1. Home
  2. Insights

  3. Diversified Access to DeFi

Diversified Access to DeFi

Indices

DeFi

Written by Adam Morgan McCarthy , Dessislava Aubert

27/02/2025

    Welcome to the index in focus!

    Welcome to the Index in Focus! This week, we’re analyzing the Kaiko DeFi Index (KSDEFI), part of our family of sector-based indices. The Kaiko Indices DeFi Index provides strong sector exposure while diversifying across key growth verticals. In this report, we explore:

    • Index design and returns

    • Outperforming benchmarks

    • Individual catalysts drive returns

    Introduction

    The Kaiko DeFi Index (KSDEFI) consists of 11 different digital assets. The index includes projects from across the sector, covering decentralized exchanges, tokenization, lending and borrowing, and other key components of DeFi.

    This index allows investors to track the sector’s growth over time. In this report, we analyze the index’s constituents, investment thesis, diversification benefits, and historical returns.

    Although most protocols and projects in the index are built on Ethereum, its returns are not solely dependent on Ethereum’s performance.

    Catalysts for growth

    Any continued outperformance for the Kaiko DeFi index will be tied to individual catalysts for constituent assets. Projects that could drive returns in 2025 include UNI, AAVE, AERO, and ONDO. While these are some of the most likely to benefit from strong investment narratives in 2025, growth shouldn’t be limited to these four assets.

    Learn more about these catalysts and explore the full report below.

    Download the Report.

    Download



    Explore kaiko data

    Our industry-leading research is the direct result of combining our proprietary data with world-class in-house experts. Bringing the very best of Kaiko’s people and data together, we unlock the unique insights that form the basis for our discoveries and analysis. We believe in doing so, our data speaks for itself, helping both our clients and the wider industry get a better understanding of the crypto ecosystem, and the evolving trends and patterns in motion at a regional and global scale.

    • Market Explorer

      Price and transaction volume for centralized exchanges.

      Learn more

    • Market Depth

      All bids and asks on an order book

      Learn more

    • Blockchain Monitoring

      All users, all transactions, and all history for blockchain wallets.

      Learn More

    Never Miss An Analysis

    Get our research twice a week, directly to your inbox.

    More From Kaiko Research

    • CEX

      04/08/2025 Data Debrief

      Why Coinbase Wants to be the Everything Exchange

      The bulk of public earnings took place last week, with plenty of crypto-related news to digest. In today’s Data Debrief, we’re focusing on Coinbase’s quarterly results and market positioning, looking at volume share versus competitors, COIN share performance, and the top asset performers on the exchange, along with their quarterly trends and the company’s strategy in becoming the “Everything Exchange.”

      Written by Adam Morgan McCarthy

    • Bitcoin

      28/07/2025 Data Debrief

      BTC Unfazed by Billion Dollar Sale

      It’s a big week ahead for macro news, with multiple central bank meetings, including the Fed, and a plethora of economic data to sift through. Moreover, crypto markets just absorbed a enormous $9bn BTC sale without much fuss. We explore all these topics and more in this week’s debrief.

      Written by The Kaiko Research Team

    • Ethereum

      21/07/2025 Data Debrief

      Altcoin Rally: This Time the Data's Different

      This week we’re examining the shift in the crypto market towards altcoins. Last week’s rally was one of the largest moves over the past three years, hinting at a potential set up for an altcoin season. In contrast, Bitcoin’s stranglehold on the market has slipped somewhat, as investors favour smaller assets at present.

      Written by The Kaiko Research Team

    • Bitcoin

      14/07/2025 Data Debrief

      Bitcoin Booms in Low-Risk Environment

      Bitcoin topped $123k for the first time on Monday as last week’s rally extended into a second week. Today we’re going to explore the latest all-time highs in the context of portfolio risk, focusing on how BTC has consistently set highs during low volatility periods in recent months.

      Written by The Kaiko Research Team