While a number of popular crypto-assets like bitcoin have been consolidating, decentralized finance (defi) tokens have captured significant gains during the last 24 hours. A few defi crypto assets have seen double-digit gains and the leader of the pack is Uniswap which has jumped 20.9% in the last 24 hours.
Uniswap’s Defi Token Leads the Percentage Gains on Sunday
Decentralized finance (defi) tokens are making waves during Sunday’s crypto trading sessions, as a dozen defi tokens have seen better gains than most of today’s well known digital assets.
While bitcoin (BTC) has risen 2% today and ethereum (ETH) is up over 3%, crypto tokens like uniswap (UNI) and sushi (SUSHI) have seen double-digit gains. Uni has jumped over 20% during the last day while SUSHI is up 15.6%.
Both UNI and SUSHI are followed by coins like maker (MKR) up 11.5%, ftx token (FTT) up 10.6% today, and chainlink (LINK) which has risen 10.3% on Sunday. Uniswap (UNI) has a $12.1 billion market valuation today and around $1.1 billion in global trade volume.
FTT has a market valuation of around $6.8 billion and $869 million in global trades. LINK’s market cap on Sunday is $11.4 billion with $1.8 billion in 24-hour trade volume. UNI, SUSHI, FTT, and LINK are followed by celer network (CELR), okb (OKB), theta fuel (TFUEL), and serum (SRM) respectively.
Defi Total Value Locked Spikes 6% in 2 Weeks, Terra’s 7-Day Defi TVL Surges
On September 10, 2021, metrics from defillama.com indicated that the aggregate total value locked (TVL) in def across a myriad of chains was around $163 billion. On Sunday, September 26, the aggregate total value locked in defi is $174.39 billion which is an increase of 6.987% in just over two weeks.
In the past 24 hours, the entire defi TVL has increased by roughly 0.74%. The platform Curve.fi dominates the pack of decentralized apps (dapps) that make up the entire defi TVL with 7.78% of the aggregate.
As far as the defi TVL on Ethereum there’s $124.31 billion on September 26, which is an increase of 2.53% in a single day. However, the Ethereum defi TVL during the course of the trailing seven days has shed 5.76%. The Binance Smart Chain (BSC) TVL on Sunday is roughly $15.92 billion and up 0.05% today.
Seven-day stats show BSC has lost 13.57% of the blockchain’s TVL held in defi. Solana (SOL) has seen a weekly dip in TVL as well, losing 12.27% of its TVL value in seven days with an aggregate total of around $8.83 billion. Terra has seen a seven-day increase as it jumped 7.30% to $8.51 billion.
What do you think about the recent surge in defi coin values and the defi TVL increasing over 6% since September 10? Let us know what you think about this subject in the comments section below.