The Federal Reserve's first rate cut of 2025, reducing the federal funds rate by 25 basis points, has led to a significant depreciation of the U.S. dollar, reaching its lowest level in over three years. This monetary policy shift has positively impacted decentralized finance (DeFi) projects, with platforms like Ondo Finance, Hyperliquid, and Uniswap poised to benefit. Ondo Finance, boasting a total value locked (TVL) of $1.6 billion, has partnered with Ledger to offer tokenized stocks and ETFs. Meanwhile, Hyperliquid, a decentralized exchange for perpetual futures, has experienced a surge in trading volume and token value. Uniswap is set to integrate Bitcoin through a new layer-2 network, potentially enhancing its liquidity. These developments underscore the growth potential in the DeFi sector following the Fed's rate cut.