The decentralized finance industry continues its expansion in all ramifications as the total value of the coins locked in the different projects is around $35 billion. Likewise, many Decentralized finance altcoins have risen so swiftly in price in the last 24 hours including a record all-time high for the Chainlink token, and the pump to double-digit of Maker, Aave, Compound, Synthetix, and many others.
The total cap of the crypto market has hit a record all-time high today around $1.170 Trillion, and the contribution to this development can be attributed to the decentralized finance altcoins.
LINK, the crypto of the widely explored oracle network, Chainlink peaked to a fresh all-time high of a little over $27. The possibility of this became a reality after the 24-hour graph saw a 9% gain in price. Furthermore, from the beginning of the year, Link has grown to over a 120% increase having started the year with a $12 price.
Aave (AAVE) has spiked by more than 15% to $520 since yesterday. Moreover, the coin, rebranded recently, has seen an 85% increase since Tuesday and a 500% increase on a yearly scale.
Also read:Compound and Synthetix, on the other hand, have gained about 20% on a 24-hour basis to $533 and $22 respectively. Compound, on a weekly basis, has added a whopping 116% increase to the price.
Other coins like 0x and Maker have been in the limelight as well in the DeFi Altcoin Show. MKR has grown rapidly with a 75% increase in just a day and 110% on a weekly scale to a personal all-time high of $3,000. For the record, Maker opened the 2021 chart with $560.
The price of ZRX also has surged by over 130% reaching close to $2 and that surge represents a 225% increase in the market price of the coin for the past seven days which brought it close to its all-time high in January 2018 of $2.50.
UNI is another token of such. Although it came down in a jiffy, it has also set a new record price of about $21.5.
As the price of these DeFi tokens is increasing, the TVL – Total value locked is also increasing and has reached pretty close to a new record value of $35 Billion.
At Tokenhell, we help over 5,000 crypto companies amplify their content reach—and you can join them! For inquiries, reach out to us at info@tokenhell.com. Please remember, cryptocurrencies are highly volatile assets. Always conduct thorough research before making any investment decisions. Some content on this website, including posts under Crypto Cable, Sponsored Articles, and Press Releases, is provided by guest contributors or paid sponsors. The views expressed in these posts do not necessarily represent the opinions of Tokenhell. We are not responsible for the accuracy, quality, or reliability of any third-party content, advertisements, products, or banners featured on this site. For more details, please review our full terms and conditions / disclaimer.