As the wider crypto market shows signs that it is recovering, there are several blue-chip decentralized financing (DeFiOver the last week, strong gains were made by ) tokens
LDO, the native token for Lido Finance liquid staking platform Lido Finance is up 161% in the past seven days. It is currently trading at $1.59 per day, a nine-week high CoinMarketCap. LDO is up just 0.1% in the last 24 hours.
The platform’s recent announcement to expand into various layer-2 scaling solutions for the Ethereum network had a short-lived positive impact on the token’s price, which is still about 80% down from its all-time high of $18.62 recorded in August last year.
AAVE, the native cryptocurrency token of the popular cryptocurrency-lending platform AaveAccording to data from Data From,, the price of, has risen 46.4% in the past week. It is trading at an approximate two-month high of just above $100. CoinMarketCap.
AAVE is also up 4.8% in the last day, perhaps still riding the bullish effects of the platform’s recently proposed plan for launching its own collateralized Stablecoin.
Curve, Thorchain join bullish DeFi trend
The token Curve powered by CRV has also seen strong weekly gains with an increase of almost 41.5%.
Similar to Aave and Lido tokens, CRV now changes hands at $1.28, its nine-week high. Also, the token has experienced positive price movements over the last 24 hours, with its value increasing by nearly 9.6% per CoinMarketCap.
Another notable project is RUNE, which powers Thorchain’s cryptocurrency. CosmosCross-chain platform that allows you to swap tokens across multiple blockchains. up 11.7% The past 24 hours, 40% for the week and Uniswap and Fantom’s FTM with weekly gains of about 32% and 37%, respectively.
Ethereum, the second largest cryptocurrency market cap-wise, is up 5.4% in the past day and 45% during the week.
ETH regained the $1600 level Tuesday morning, but then reversed course to $1 558 by press time.
Disclaimer
The views and opinions of the author should be considered informational only. They do not constitute financial, investment or other advice.
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