HomeCoinsEthereum (ETH)DeFi tokens rebound with 19% bounce in 24 hours

DeFi tokens rebound with 19% bounce in 24 hours

- Advertisement -

After a bloody week for decentralized finance (DeFi) projects that saw numerous tokens plummet by up to 50%, the DeFi sector has rebounded by 19% in one day. Ether is also up 11% over the past 24 hours.

According to Messari, 32 of 37 DeFi tokens are up today, posting gains of between 3% and 39.6%.

Top 10 DeFi tokens by 24-hour performance

Top 10 DeFi tokens by 24-hour performance: Messari

Swerve (SWRV) tops the daily charts, followed by Yearn Finance (YFI) with a 37.6% gain, Loopring (LRC) with 29.9%, Aave (LEND) with 29.4%, and SushiSwap (SUSHI) with 27.8%.

YFI’s rally comes despite its highly anticipated Ether (ETH) vault producing a diminishing annual percentage yield (APY) since launching roughly one week ago. However, the daily returns generated by Yearn Finance’s stablecoin vaults have pushed above 0.1%, likely fuelling the rally.

DeFi tokens have outperformed the broader Ethereum ecosystem, with 136 of 178 ETH-based tokens in the green for an average gain of 8.3%. 

Top 10 Ethereum tokens by 24-hour performance

Top 10 Ethereum tokens by 24-hour performance: Messari

Ampleforth (AMPL) tops the ranking with an 84.5% gain, followed by YFI and LRC. 

Half of today’s top ten markets by 24-hour performance (among the top 100 coins) are DeFi ERC-20’s. 

The notable exception is Solana (SOL), which is the second-strongest top 100 crypto asset of the day with a 47% gain.

Source link

- Advertisement -
Mr Bitcointe
Mr Bitcointehttps://www.bitcointe.com/
“Fact You Need To Know About Cryptocurrency - The first Bitcoin purchase was for pizza.” ― Mohsin Jameel
463FansLike
76FollowersFollow
4,567FollowersFollow
5,261FollowersFollow
1,313FollowersFollow
2,230SubscribersSubscribe

Most Popular

bitcoin
Bitcoin (BTC) $ 51,892.00
ethereum
Ethereum (ETH) $ 2,410.35
tether
Tether (USDT) $ 1.00
bitcoin-cash
Bitcoin Cash (BCH) $ 873.00
litecoin
Litecoin (LTC) $ 255.22
eos
EOS (EOS) $ 5.95
okb
OKB (OKB) $ 16.67
tezos
Tezos (XTZ) $ 5.07
leo-token
LEO Token (LEO) $ 2.26
cardano
Cardano (ADA) $ 1.16
monero
Monero (XMR) $ 355.61
stellar
Stellar (XLM) $ 0.458857
chainlink
Chainlink (LINK) $ 36.12
huobi-token
Huobi Token (HT) $ 19.22
tron
TRON (TRX) $ 0.113716
usd-coin
USD Coin (USDC) $ 1.00
dash
Dash (DASH) $ 282.99
neo
NEO (NEO) $ 90.50
iota
IOTA (MIOTA) $ 1.90
nem
NEM (XEM) $ 0.317366
zcash
Zcash (ZEC) $ 227.55
maker
Maker (MKR) $ 4,152.72
paxos-standard
Paxos Standard (PAX) $ 0.998513
ethereum-classic
Ethereum Classic (ETC) $ 34.06
vechain
VeChain (VET) $ 0.202163
true-usd
TrueUSD (TUSD) $ 0.998332
ftx-token
FTX Token (FTT) $ 48.67
kucoin-shares
KuCoin Token (KCS) $ 12.13
waves
Waves (WAVES) $ 13.07