Cryptographic roller coasters are endless as the entire market returns to the green zone on Thursday morning with decentralized finance (decentralized finance)DeFiGood tokens such as Aave, Uniswap, and Curve far outperform the rest of the pack.
AAVE, Cryptocurrency Lending Platform Native Token Aave, Hit the daily high of $ 81.31 early today. Token prices have fallen to $ 78.87 by press time, but have risen significantly by 9.7% in the last 24 hours, according to CoinMarketCap data.
Aave got a lot of attention last week after submitting a governance proposal for launching a platform-specific GHO. Stablecoin..
Runs on Aave Ethereum Blockchain is used to lend or borrow digital assets without centralized intermediary. AAVE, the token of the platform, is currently the 44th largest cryptocurrency with a market capitalization of over $ 1.09 billion.
UNI, the token behind the popular decentralized exchange Uniswap, Also rose 11.4% in one day and is currently changing trading at $ 6.31. Data from CoinMarketCap shows.
Both AAVE and UNI have seen significant increases of 24% and 15% over the past week, respectively.
Curve reaches a monthly high
Meanwhile, according to CoinMarketCap, the CRV, the token behind the decentralized exchange curve, reached its daily high of $ 1.05 before returning to $ 1.02 by press time, so in the last 24 hours. It is up 7.8%.
The latest price action is also a welcome development for CRV investors as the tokens returned to the level they were last traded on June 10.
Elsewhere Bitcoin It’s up only 0.03% in a day. Wednesday’s major cryptocurrencies plummeted to 19,000, following news that US inflation reached a new 40-year high of 9.1%. However, it recovered rapidly above $ 20,000 to temporarily ease investor concerns.
At the time of this writing, Bitcoin was trading just below the $ 20,000 level per CoinMarketCap.
Meanwhile, Ethereum, the industry’s second-largest cryptocurrency by market capitalization, has risen 1.2% in the past day, changing trading at $ 1,089.
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