DeFi on the rise – uniswap with all-time high
The DeFi sector is flourishing and with it the prices of the platform tokens.
The Decentralized Finance (DeFi) sector continues to soar. At 26 billion US dollars, the value of the assets stored on DeFi platforms (Total Value Locked, TVL) reached a new record on January 26th.
On the one hand, the new high is due to the recent strong performance of Bitcoin Era. But the platform tokens of the individual DeFi projects also recorded strong growth.
AAVE remains strong
AAVE, the governance token of the crypto lending platform of the same name, only set a new all-time high on January 24th, when it briefly touched $ 280. After a correction to US $ 235, the AAVE price is moving north again. At press time, AAVE is trading at $ 257. This enabled AAVE to grow by 243 percent within 30 days.
Uniswap with a new all-time high
Bull sentiment is not only popular at AAVE. Even at Uniswap, the largest decentralized crypto exchange (DEX), the traffic light has been green for months. Like AAVE, UNI, DEX’s governance token, has grown significantly in value over the past few weeks and months. At $ 12.77, UNI is trading around 265 percent higher than it was 30 days ago at the time of writing.
Uniswap also printed a new all-time high on the night of January 26th at $ 13.01. In contrast to AAVE, the subsequent sales at UNI were comparatively mild. The Uniswap token quickly “recovered” from a drop below the US $ 12 mark.
Maker (MKR) also makes returns in January
Not only the (not quite so) young, wild DeFi projects are currently enjoying enormous growth. The DeFi “OG” Maker (MKR) also shows that it is far from being old. In the home of the decentralized stablecoin DAI, assets worth 4.56 billion US dollars are stored. With 2.7 million units, Ether (ETH) represents the lion’s share.
The governance token MKR has also increased significantly in value in a 30-day comparison. At the time of going to press, at $ 1,362, MKR is trading below the all-time high that MKR, unlike AAVE and MKR, set on January 10 (at $ 1,973). Nevertheless, the value means an increase of over 149 percent compared to December 26, 2020.