Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => DeFi tokens => Topic started by: EAA-ALLAH on May 31, 2021, 11:59:05 PM
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The price of Ethereum has increased by 11% in the past 24 hours to highs of $2,640. The rise caps off a 24% increase in the past week.
Ethereum has brought several coins that use its smart contracts along for the ride. Most of the top decentralized finance (DeFi) tokens have also increased in price in the past day. Uniswap (UNI), which has a market cap of $15.6 billion and is the largest DeFi token by this measure, has risen by 12% in the past day. At a price of $27, the coin, which powers the governance protocol of the eponymous decentralized exchange, has increased by nearly 28% during the past week.
Chainlink (LINK)—UNI’s closest competitor with a market cap of $13.4 billion—has increased by 15% today and by a staggering 32% during the past week. Currently, LINK, which powers a decentralized oracle network, is worth $31.
Other DeFi tokens have also grown in the past week. Aave (AAVE) and Maker (MKR) have increased by just over 10% in the past day and by 6% and 1% over the past seven days, respectively. Source (https://cryptonews.net/728565/?utm_source=CryptoNews&utm_medium=app&utm_campaign=shared)