
September 10, 2020 at 09:59AM
After a bloody week for decentralized finance (DeFi) projects that saw numerous tokens plummet by up to 50%, the DeFi sector has rebounded by 19% in one day. Ether is also up 11% over the past 24 hours. According to Messari, 32 of 37 DeFi tokens are up today, posting gains of between 3% and 39.6%.
Swerve (SWRV) tops the daily charts, followed by Yearn Finance (YFI) with a 37.6% gain, Loopring (LRC) with 29.9%, Aave (LEND) with 29.4%, and SushiSwap (SUSHI) with 27.8%. YFI’s rally comes despite its highly anticipated Ether (ETH) vault producing a diminishing annual percentage yield (APY) since launching roughly one week ago. However, the daily returns generated by Yearn Finance’s stablecoin vaults have pushed above 0.1%, likely fuelling the rally.
DeFi tokens have outperformed the broader Ethereum ecosystem, with 136 of 178 ETH-based tokens in the green for an average gain of 8.3%. Ampleforth (AMPL) tops the ranking with an 84.5% gain, followed by YFI and LRC.
DeFi tokens rebound with 19% bounce in 24 hours, CoinTelegraph, Sep 10
From: The FxPro News Team https://fxpro.news/daily-forex-outlook/defi-tokens-rebound-with-19-bounce-in-24-hours-20200910/
Selected by fonecable.com

Search Web: DeFi tokens rebound with 19% bounce in 24 hours
Recent Posts
- NEWS: New US Treasury Secretary Yellen highlighted coordination with the Fed January 26, 2021 at 11:42PM
- US Dollar Outlook: AUD/USD Eyes Federal Reserve Announcement
- NEWS: Australia – Westpac leading index for December: +0.12% m/m (vs. prior +0.68%) January 26, 2021 at 11:31PM
- NEWS: RBA meeting next week – preview (“Next steps for the RBA”) January 26, 2021 at 11:10PM
- NEWS: RBA meeting next week – preview (“Next steps for the RBA”) January 26, 2021 at 11:10PM
Average Rating