Amidmixed market moves, decentralized finance tokens posted heavy gains even asBitcoinBTC/USD ,EthereumETH/USD showed no signs of major gains or losses, in the last 24 hours.
What Happened: DeFi tokenBalancerBAL/USD was up by 10%,MdexMDX/USD spiked by 7%, andJusttokenJST/USD gained at least 4% over the past 24 hours, according toCoinMarketCapdata.
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This comes as BTC, the largestcryptocurrencyby market capitalization, hovered around the $19,000 mark, declining over 1.23% as the global cryptocurrency market cap dropped 1.6%. Ethereum, the second-largest coin by market value, followed a similar trajectory, down 1.96% at $1280 as of press time.
Why It Matters: According to CoinMarketCap, the leading DeFi tokenUniswapUNI/USD rose 0.18% in the past 24 hours and 10.49% in the last seven days.AaveAAVE/USD spiked 18% andMakerMKR/USD was up 15% in the last seven days, at the time of writing.
Total value locked, a metric for measuring how much money is held in various protocols across DeFi, onEthereumhas declined by 1.92% to $30.25 billion over the past 24 hours, as per data fromDefiLlama.
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