您现在的位置是:A Red Weekend For DeFi and Crypto >>正文
A Red Weekend For DeFi and Crypto
上海品茶网 - 夜上海最新论坛社区 - 上海千花论坛1人已围观
简介Top DeFi projects recorded massive price and TVL dips yesterday.The weekend’s cryptocurrency m...
Top DeFi projects recorded massive price and TVL dips yesterday.
The weekend’s cryptocurrency market crash extended into the decentralised finance (DeFi) sector, impacting many projects in the process. Before yesterday, many DeFi tokens had survived the bloodbath in the market that saw crypto assets tumble. Things changed yesterday when selling pressure overwhelmed top DeFi protocols.
The likes of Uniswap and Aave sank deeper than the leading crypto assets which suffered big losses last week.
Disappointing weekend run
Bitcoin changed hands at around $35k ahead of the weekend whereas Ether traded at $2,280 as per coinmarketcap data. The two tokens briefly plummeted early on Saturday to $33,700 and 2,100 respectively before recovering. The bounce back lasted for about 24 hours after which the tokens fell sharply. Bitcoin touched a weekend-low of $31,227.34 despite opening the day above 37.5k. Ether price plunged from $2,298 at the start of yesterday to a low of $1,737.
Elsewhere in the DeFi market, tokens suffered a similar crash yesterday. Uniswap, Aave, Chainlink, and Compound are some of the DeFi tokens that shed a lot of value according to DeFi Pulse. Uniswap opened the day trading at $20.38 before dropping to $13.09. Its total value locked (TVL) decreased to $4.825 billion yesterday, down from $5.051 billion at the end of Saturday.
Aave, the second largest DeFi lending project in terms of TVL, was another big loser. Its token price dropped from $335.39 at the start of the day to $210.05. The DeFi project lost almost 600 million yesterday as its total value locked fell to $7.76 billion.
Compound’s token price slumped from $384.72 to $268.36 before the token clawed its way above the $300 mark. Its TVL, as recorded by DeFi pulse, decreased by 300 million. Many other tokens also traded in the red backing the argument that almost all digital assets are vulnerable to extensive crypto crashes.
Fresh start this week
The current crash was reportedly kick started by Tesla’s discontinuation of Bitcoin payments. The electric vehicle automaker announced that it would no longer accept payments in Bitcoin citing environmental concerns. On the bright side, the crypto market has started off well this week with nine out of the top ten cryptocurrencies recording gains.
Binance Coin and Cardano have had the highest positive changes, both having gained more than 11% in the last 24 hours. The two are followed by Ethereum at 9% and XRP which has seen a 6% upswing.
Bitcoin is currently up 5.41% pushing to cross the $37k level.
Tags:
转载:欢迎各位朋友分享到网络,但转载请说明文章出处“上海品茶网 - 夜上海最新论坛社区 - 上海千花论坛”。http://www.jz08.com.cn/news/315833.html
相关文章
Is now a good time to buy Alice? Charts point to a potential rally
A Red Weekend For DeFi and CryptoAfter a 73% surge in price at the end of October Alice (ALICE/USDT) could be ready for its next leg...
阅读更多
Monthly Roundup of Cryptocurrency News 29/10/2021
A Red Weekend For DeFi and CryptoOctober has been an eventful month for most of the top cryptocurrencies.Except for Cardano, the top...
阅读更多
Nomura Holdings, leading Japanese wealth managers sets up crypto unit
A Red Weekend For DeFi and CryptoNomura Holdings, one of the biggest wealth managers in Japan, is setting up a new digital asset unit...
阅读更多
热门文章
- Space Perspective unveils test version of its Neptune space balloon
- Curve Finance on the cusp of releasing new dollar
- Airbus first ZEROe engine fuel cell set for hydrogen flight
- Analyst says Tezos price could jump 450% in 2022
- Inveo's new cave protects bats from extreme temperatures
- Cryptos to watch despite a bearish start to the week
最新文章
Crypto startup Forward secures $5 million in seed round
Where to buy Niobium Coin: Brazil’s hottest crypto
Huobi opens deposits for BabyDoge Coin (BabyDoge)
US Billionaire Mark Cuban remains bullish on Polygon (MATIC)
Tokenized metal platform VNX launches liquidity mining
El Salvador adds 420 bitcoins to its treasury