DeFi
tokens like Curve, ChainLink, and Uniswap are among the top gainers as
crypto markets reach $1.1 trillion in market capitalization.
The wider crypto market is largely in the green on Friday, with several blue-chip decentralized finance (DeFi) tokens doing especially well.
CRV, the governance token of the decentralized exchange Curve,
is up 15.58% over the past 24 hours, as it hit a monthly high of $1.56
before backtracking to $1.49 at the time of writing, according to CoinMarketCap.
With a market cap of more than $770 million, CRV is currently the 62nd-largest cryptocurrency.
Recently, the project was praised
by analysts at Delphi Digital, who noted that Curve v2 quoted better
execution prices than Uniswap v3 for approximately 65% of all ETH/USDT
transaction volume. This is despite the fact that Curve protocol gas
prices are nearly twice as high as those on Uniswap.
LDO, the native token of the liquid staking platform Lido Finance, is up 11.1% over the day, and is currently trading at $2.24, per CoinMarketCap.
The price of LINK, the token powering the decentralized oracle network Chainlink,
has surged 12.34% over the past 24 hours to hit a daily high of $7.75, a
level last seen on June 11 when the market went into one of the many
freefalls this year.
LINK, ranked 23rd with a market cap of almost $3.6 billion. was changing hands at $7.66 as of this writing, per CoinMarketCap.
The positive price action follows the release of Chainlink’s recent “Adoption Update,” which shared a series of new integrations last week.
Per
the update, such products as Chainlink Keepers, Chainlink VRF, and
Chainlink Price Feeds were integrated across as many eight different
chains: Avalanche, BNBChain, Ethereum, Fantom, Harmony, Optimism,
Polygon, and Solana.
More DeFi tokens in the green
UNI, the token powering the popular decentralized exchange Uniswap,
is meanwhile up 7.8% in a day, trading at $8.86 by press time. This is
despite UNI backtracking from its three-month high of $9.74 recorded on
Thursday evening, as shown by data from CoinMarketCap.
source link : https://decrypt.co/106211/defi-tokens-curve-lido-chainlink-jump-double-digits-crypto-market-rebounds
