Layer 1 Crypto Token Surge Brings 200% Gains During August
Arcane Research recently published a crypto market update and explored the rise of layer 1 tokens over the past 30 days. The season of “ETH Killers” as the research firm and many others have called them. Although the second cryptocurrency by market cap was leading the crypto market up until a few weeks ago, its competitors have been gaining traction, smashing all resistance towards new all-time highs. As seen in the chart below, some layer 1 tokens in the crypto market have experienced massive rallies in August. Solana (SOL) leads the chart with a 221% rally, followed by Terra (LUNA) with....
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Uniswap (UNI)
Uniswap (UNI) was one of today’s notable movers, as the token rose for a fourth consecutive day.
UNI/USD raced to an intraday high of $6.99 on Thursday, which comes less than a day after trading at a low of $6.49.
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