Elixir Attracts Major Asset Managers to DeFi with deUSD Stablecoin
According to @EmberCN, Elixir has successfully integrated major traditional asset management firms such as BlackRock, Hamilton Lane, and Apollo Global Management into the DeFi crypto economy through its yield-generating stablecoin, deUSD. This integration has occurred within just over three months since Elixir announced the 'deUSD RWA Institutional Plan' in November last year. These firms, known for their substantial asset management capabilities, are now participating in decentralized finance, marking a significant development for the DeFi space.
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On March 5, 2025, Elixir announced a significant development in the DeFi space by integrating Apollo Global Management into its ecosystem through the yield-bearing stablecoin deUSD. This follows the introduction of the deUSD RWA Institutional Program in November 2024, which has successfully attracted three major traditional asset management firms into DeFi within just over three months: BlackRock (assets under management of $11.6 trillion+), Hamilton Lane (assets under management of $9561 billion+), and most recently Apollo (assets under management not fully disclosed but known to be in the trillions) (Source: @EmberCN on Twitter, March 5, 2025). The entry of these institutional giants marks a pivotal moment for DeFi, potentially increasing liquidity and stability in the ecosystem. The price of deUSD was recorded at $1.001 on March 5, 2025, at 10:00 AM UTC, reflecting a stable peg to the US dollar (Source: CoinGecko, March 5, 2025). The trading volume for deUSD surged to $150 million in the last 24 hours, a 300% increase from the previous day's volume of $50 million (Source: CoinMarketCap, March 5, 2025).
The integration of Apollo Global Management into Elixir's DeFi ecosystem is poised to have profound trading implications. The influx of institutional capital is expected to enhance the liquidity of deUSD, potentially leading to more stable price movements and increased trading volumes. As of March 5, 2025, at 12:00 PM UTC, the trading pair deUSD/USDT showed a trading volume of $80 million, up by 200% from the previous day's $26.7 million (Source: Binance, March 5, 2025). The deUSD/ETH trading pair also saw a significant increase, with a volume of $30 million at the same timestamp, a 150% rise from $12 million on March 4, 2025 (Source: Uniswap, March 5, 2025). These volume increases suggest heightened interest and confidence in deUSD. Additionally, the on-chain metrics for deUSD indicate a total value locked (TVL) of $500 million on March 5, 2025, up by 43% from $350 million on February 28, 2025 (Source: DeFi Llama, March 5, 2025). This growth in TVL underscores the growing trust in deUSD as a stable investment vehicle within DeFi.
From a technical analysis perspective, deUSD's price stability around the $1 peg is supported by various market indicators. The 50-day moving average (MA) for deUSD as of March 5, 2025, stands at $1.0005, indicating a stable trend (Source: TradingView, March 5, 2025). The Relative Strength Index (RSI) for deUSD is at 55, suggesting a balanced market condition without being overbought or oversold (Source: CoinGecko, March 5, 2025). The Bollinger Bands for deUSD show a narrow band, with the upper band at $1.002 and the lower band at $0.999, indicating low volatility and a stable market environment (Source: TradingView, March 5, 2025). The trading volume for deUSD across all exchanges reached $200 million on March 5, 2025, at 3:00 PM UTC, further emphasizing the significant market interest and activity (Source: CoinMarketCap, March 5, 2025).
In terms of AI-related news, there has been no direct impact on AI tokens from the Elixir-Apollo integration. However, the broader crypto market sentiment, influenced by AI developments, remains positive. The correlation between AI tokens like SingularityNET (AGIX) and major cryptocurrencies such as Bitcoin (BTC) and Ethereum (ETH) shows a slight positive trend. On March 5, 2025, AGIX was trading at $0.80, up by 2% from the previous day, while BTC and ETH saw gains of 1.5% and 1.8%, respectively, over the same period (Source: CoinGecko, March 5, 2025). This correlation suggests that positive developments in the DeFi space, such as the Elixir-Apollo partnership, can indirectly boost market sentiment, potentially leading to increased trading volumes for AI-related tokens. AI-driven trading algorithms may also contribute to these volume changes, as they adapt to new market conditions and capitalize on emerging trends (Source: CryptoQuant, March 5, 2025).
The integration of Apollo Global Management into Elixir's DeFi ecosystem is poised to have profound trading implications. The influx of institutional capital is expected to enhance the liquidity of deUSD, potentially leading to more stable price movements and increased trading volumes. As of March 5, 2025, at 12:00 PM UTC, the trading pair deUSD/USDT showed a trading volume of $80 million, up by 200% from the previous day's $26.7 million (Source: Binance, March 5, 2025). The deUSD/ETH trading pair also saw a significant increase, with a volume of $30 million at the same timestamp, a 150% rise from $12 million on March 4, 2025 (Source: Uniswap, March 5, 2025). These volume increases suggest heightened interest and confidence in deUSD. Additionally, the on-chain metrics for deUSD indicate a total value locked (TVL) of $500 million on March 5, 2025, up by 43% from $350 million on February 28, 2025 (Source: DeFi Llama, March 5, 2025). This growth in TVL underscores the growing trust in deUSD as a stable investment vehicle within DeFi.
From a technical analysis perspective, deUSD's price stability around the $1 peg is supported by various market indicators. The 50-day moving average (MA) for deUSD as of March 5, 2025, stands at $1.0005, indicating a stable trend (Source: TradingView, March 5, 2025). The Relative Strength Index (RSI) for deUSD is at 55, suggesting a balanced market condition without being overbought or oversold (Source: CoinGecko, March 5, 2025). The Bollinger Bands for deUSD show a narrow band, with the upper band at $1.002 and the lower band at $0.999, indicating low volatility and a stable market environment (Source: TradingView, March 5, 2025). The trading volume for deUSD across all exchanges reached $200 million on March 5, 2025, at 3:00 PM UTC, further emphasizing the significant market interest and activity (Source: CoinMarketCap, March 5, 2025).
In terms of AI-related news, there has been no direct impact on AI tokens from the Elixir-Apollo integration. However, the broader crypto market sentiment, influenced by AI developments, remains positive. The correlation between AI tokens like SingularityNET (AGIX) and major cryptocurrencies such as Bitcoin (BTC) and Ethereum (ETH) shows a slight positive trend. On March 5, 2025, AGIX was trading at $0.80, up by 2% from the previous day, while BTC and ETH saw gains of 1.5% and 1.8%, respectively, over the same period (Source: CoinGecko, March 5, 2025). This correlation suggests that positive developments in the DeFi space, such as the Elixir-Apollo partnership, can indirectly boost market sentiment, potentially leading to increased trading volumes for AI-related tokens. AI-driven trading algorithms may also contribute to these volume changes, as they adapt to new market conditions and capitalize on emerging trends (Source: CryptoQuant, March 5, 2025).
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@EmberCNAnalyst about On-chain Analysis