UNI surges 50% in one week, becomes first DeFi DApp token in crypto’s top 10

UNI surges 50% in one week, becomes first DeFi DApp token in crypto’s top 10

Uniswap’s governance token has become the first DeFi token to rank among the ten-largest crypto assets by capitalization. The native token of leading decentralized exchange Uniswap has surged by nearly 50% this week, ranking UNI as the eighth-largest crypto asset with a $17.7 billion market cap as speculation builds for the exchange’s coming V3 overhaul.Messari currently ranks UNI as the -second-largest Ethereum-based asset by market cap behind Tether, beating out the Chainlink by nearly 50% of its capitalization.UNI broke into the top 10 on March 5, becoming the first native token of a....


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Maker (MKR) Surges 7% as Stability Fees Introduced, DeFi Regains Footing

While decentralized finance (DeFi) has seen a strong surge in 2020, Maker (MKR), a token strongly tied to DeFi, has underperformed. The cryptocurrency, relative to its competitors, is underperforming; where Aave’s LEND and Synthetix’s Synthetix Network Token surged hundreds of percent in this year alone, MKR only saw a 20-30% move higher. The market may […]

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