DeFi Coins Lido, Curve And UNI Jump Double Digits As Market Rebounds

DeFi coins Lido, Curve, and UNI jumped by double digits as the markets rebounded and are among the top gainers to a $1.1 trillion market cap so let’s read more today in our latest cryptocurrency news today.

The wider crypto market is in the green with a few blue-chip decentralized finance tokens that are doing well. CRV as the governance token of the Curve exchange is up by 15.58% in the past day and hit a high of $1.56 before backtracking to $1.49 as per CoinMarketCap. With a market cap of $770 million, CRV is now the 62^nd biggest cryptocurrency. The project was praised by Delphi Digital who noted that Curve v2 quoted better execution prices with Uniswap v3 for 65% of all ETH/USDT transaction volume which is despite the fact that the Curve protocol gas prices increased twice as high as those on Uniswap.

In 2022, @CurveFinance v2 quoted better execution prices than @Uniswap v3 for ~65% of all ETH/USDT transaction volume.

On @arbitrum, Curve Tricrypto is dominating $ETH volumes with more than 83% of total market share.

What’s happening, and are the DEX Wars heating up? 🧵⬇️ pic.twitter.com/HU5H4yCx9L

— Delphi Digital (@Delphi_Digital) July 27, 2022

The DeFi coins Lido, Curve, and UNI increased but LDO was up by 11.1% over the past day and it is now trading at $2.24 per CoinMarketCap. The price of LINK, the token powering the oracle network Chainlink surged 12.34% in the past day to a new high of $7.75 which is a level seen in June with the market going into a freefall. LINK ranked 23^rd with a market cap of $3.6 billion which changed hands at $7.66 and the positive price action came after the release of the Chainlink adoption update which shared a series of new integrations last week.

According to the update, products like Chainlink VRF, Chainlink Keepers, and Chainlink Price Feeds were integrated on eight different chains BNB Chain, Ethereum, Fantom, Harmony, Avalanche, Solana, and Polygon. UNI is the token powering the popular decentralized exchange Uniswap which increased 7.8% in one day and traded at $8.86 by press time. This is despite UNI backtracking from the three-month high of $9.74 level that was recorded on Thursday as shown by the data from CoinMarketCap. More DEfi tokens posted gains over the day and these include Maker which is up by 9.4%, 1Inch Network increased by 7.7%, and Syntehtix by 9.4%.

⬡ Chainlink Adoption Update ⬡

This week, there were 11 integrations of 3 #Chainlink services across 8 different chains: #Avalanche, #BNBChain, #Ethereum, #Fantom, #Harmony, #Optimism, #Polygon, and #Solana.

Chainlink helps developers create innovative #Web3 apps. pic.twitter.com/EZorGvHxhM

— Chainlink (@chainlink) July 24, 2022

Bitcoin as the industry benchmark cryptocurrency is up by 4.3% over the day and changed hands at $23,955 by press time and the price of ETH increased by 6.2% to $1722.