Ether saw a 10% increase in the last 24 hours, reaching over $2,800, while other cryptocurrencies experienced profit-taking.

This surge is linked to optimism around DeFi following Trump's presidential win, where expectations of pro-crypto policies and deregulation are boosting investor confidence.

Trump’s potential policies might ease regulatory burdens, allowing DeFi projects more freedom and possibly recognizing tokens as commodities, which could enhance the sector's growth and innovation.