Game coins, defi-tokens, metaverse assets rise in the midst of the market crash
While digital currencies like Bitcoin and Ethereum have lost around 10% of their value in the past seven days, the defi economy has weathered the storm better. A variety of blockchain gaming coins, defi-tokens, and metaverse assets have seen double-digit gains over the past 24 hours.
Defi survived the storm
While BTC hovers just above the $ 60,000 region in consolidation, several other crypto assets have seen significant gains. Statistics from Defillama.com show that Total Value Locked (TVL) in Defi logs hit $ 275 billion on Nov. 9 and is slightly lower today at $ 260.4 billion. The Defi-Curve protocol dominates 8% with a TVL of $ 20.63 billion.
Curve is followed by Makerdao ($ 18.16 billion), Aave ($ 15.59 billion), Convex Finance ($ 15.34 billion) and WBTC ($ 14.66 billion). The top three chains for TVL in Defi include Ethereum, Binance Smart Chain, and Solana. ETH accounted for $ 172.22 billion (66.93%) of total TVL in defi on Wednesday, while BSC accounted for $ 19.56 billion (7.60%) and SOL $ 13.32 billion (Jan. , 17%).
The most bullish coin
The biggest winner in the last 24 hours is the GALA blockchain game coin with a yield of 110.4% today. Crypto.com Coin (CRO) is up 28.5%, Wax (WAXP) is up 16.7%, Kadena (KDA) is up 16%, Wonderland (TIME) is up 14.8%, Avalanche (AVAX) is up 14.3% and Curve (CRV)) is up 10%. These 7 tokens are the only ones that have made double-digit profits among over 10,000 crypto assets.
The tokens rose in double digits on November 17, 2021.
Other notable winners include Theta Fuel (TFUEL) by 8.3%, Kucoin Token (KCS) by 5.2%, Nem (XEM) by 5.2%, Polygon (MATIC) by 4.8%, and Iota (MIOTA) by 4.3%.
Defi’s cross-chain bridge operations total around $ 23.98 billion, with Ronin Bridge controlling $ 7.5 billion, according to Dune Analytics.
The five most important decentralized exchange platforms (DEX) today include Uniswap (Ethereum), Trader Joe (Avalanche), Quickswap (Polygon), Alcor.exchange (WAX) and Sunswap (Tron). In the past 24 hours, Trader Joe has posted $ 150.89 million in Dex swaps, while Uniswap has processed $ 901 million, according to Dappradar.com.
Top 5 Dex on November 17th, 2021. Trader Joe saw user numbers increase by 15%.
Join Bitcoin Magazine Telegram to keep track of news and comment on this article: https://t.me/coincunews
According to Newsbitcoin