28-7-2025 – Aerodrome and BlackHole are capturing analyst attention as potential breakout candidates while crypto markets position for renewed momentum in 2025, with both protocols demonstrating strong fundamentals beneath current price levels.

Aerodrome, built on Ethereum’s Base Layer-2 network, has established itself as a revenue leader despite not topping total value locked rankings. The DeFi protocol is generating more fees than competing platforms across the broader ecosystem, benefiting from accelerating Base network activity and stablecoin adoption. The token has traded sideways since March, creating what analysts view as a potential accumulation zone that could trigger sharp upward movement if Bitcoin maintains stability.

BlackHole presents a different growth story on Avalanche, achieving over $200 million in TVL within weeks of launch while outperforming established Avalanche protocols in fee generation. The project’s bridge infrastructure enables cross-chain token transfers, including popular memecoins like PEPE, addressing growing demand for blockchain interoperability. Trading volume has already exceeded $1 billion as the protocol rapidly scales its user base.

Both projects remain largely under institutional radar despite strong operational metrics. Aerodrome’s consistent revenue generation positions it to benefit from Base network expansion, while BlackHole’s bridge technology addresses a critical infrastructure need as DeFi becomes increasingly multi-chain.