Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => DeFi tokens => Topic started by: Markuri33 on June 14, 2021, 05:14:16 PM
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As Bitcoin finally breaches $40,000 on Monday, major DeFi tokens are on the rise as well. According to data from DeFi Pulse, this value is as much as $13.04 billion as of today or more than 15% of the overall $60 billion locked in DeFi protocols. The runner-up Maker has $8.23 billion in TVL.
With a market cap of $11.84 billion, Uniswap (UNI) is the tenth-largest crypto asset in the world and the largest in the DeFi space. The governance token for the Ethereum-based decentralized exchange (DEX) has skyrocketed above $22.91. However, this move is still about 50% below an all-time high of $44.29 recorded on May 3.source (https://decrypt.co/73529/defi-tokens-including-aave-uniswap-compound-ride-musk-effect)
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As Bitcoin finally breaches $40,000 on Monday, major DeFi tokens are on the rise as well. According to data from DeFi Pulse, this value is as much as $13.04 billion as of today or more than 15% of the overall $60 billion locked in DeFi protocols. The runner-up Maker has $8.23 billion in TVL.
With a market cap of $11.84 billion, Uniswap (UNI) is the tenth-largest crypto asset in the world and the largest in the DeFi space. The governance token for the Ethereum-based decentralized exchange (DEX) has skyrocketed above $22.91. However, this move is still about 50% below an all-time high of $44.29 recorded on May 3.source (https://decrypt.co/73529/defi-tokens-including-aave-uniswap-compound-ride-musk-effect)
I see not only AAVE and Uniswap also bitcoin price increasing rapidly after a long period of time. I see that musk effect spreading all over the crypto market.