81 F
New York
Saturday, July 2, 2022

DeFi Tokens Strives to Recover from Crypto Market Crash

Must read

The cryptocurrency market has experienced a massive crash recently and DeFi has also encountered a massive crash. The total market capitalization of the DeFi tokens has declined by 36% in the last 7 days and is currently reaching about $77.7 billion. If we turn our focus towards the two largest DeFi tokens, we see that UNI and LINK both encountered a decline of 33.4% and 36.7%, respectively.

3 Tiny Stocks Primed to Explode The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.

We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.

Click here for full details and to join for free.


Furthermore, other bigger DeFi token has seen the major losses such as LUNA bear the loss of -56%. CRV and SRM have experienced losses of -54% and -54%, respectively. All of the crypto assets have experienced thee huge losses. So, it makes sense that the TVL (Total Value Locked) in DeFi also plunged.

As per DeFi Pulse, TVL on Ethereum-based DeFi apps declined from $78.6 billion on May 19 to $55.5 billion today. If we look at the price, market cap, and percentage change of major DeFi token we saw that during the last session Uniswap (UNI) price reached $23.57 at the market cap of $13.33 billion. It has recorded the percentage change in 24 hours of 11.98%.

Similarly, during the last session ChainLink (LINK) price touched $25.44 at the market cap of $10.89 billion. It has recorded the percentage change in 24 hours of 6.13%. On the other hand, Wrapped Bitcoin (WBTC) has seen a decline of -0.03% during the last 24 hours. It has recorded a market capitalization of $6.81 billion at the time of writing.

More articles

Latest article



Download Free eBook For

The 5 Best Growth Stocks 2022

100% free. stop anytime no spam