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Over the past 24 hours, a number of Decentralized Finance (DeFi) coins, including Aave (AAVE), Uniswap (UNI), Lido Finance (LDO), and Curve (CRV), have reported large increases.
Market recovery
According to statistics, AAVE, the native token of the well-known cryptocurrency lending platform Aave, has increased more than 10% over the last day and is presently trading at just over $69 at the time of writing.
Aave has announced intentions for releasing its own collateralized stablecoin, which is a major factor in this particular asset’s favorable movements.
UNI, the token that powers Uniswap, has also increased by 2.1 percent in the last day.
The DeFi cryptocurrency has a $4.14 billion market cap but has lost 87 percent of its value after reaching an all-time high of $44.97.
Following ETH’s re-peg, LDO has also made a recovery.
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The native token that powers the cryptocurrency staking platform Lido has increased by 10% over the last day and is now trading at about $0.68. The token is 96 percent lower than its all-time high of $18.62 despite significant weekly advances.
The CRV token, which powers the decentralized exchange Curve, has experienced upward price movement over the previous 24 hours.
According to reports, the 70th-largest cryptocurrency has a market valuation of $543 million and has increased by 5% during the same period.
Comeback of Ethereum
According to data from Etherscan, the number of transactions on Ethereum climbed by 2 percent in the last day, reaching 1.19 million.
The increasing on-chain activity and the positive price movement of Ethereum are the main drivers of today’s bullish action.
According to data, NFT sales volumes have increased significantly over the previous 24 hours, reporting an increase of 6.94 percent to $19.40 million.
Over the last 24 hours, the sales volume of Ethereum-based NFT has increased by 12.49 percent.
Following a minor drop in March 2022, the number of addresses on the Ethereum network with a balance greater than zero is also increasing.
Nearly 83.58 million Ethereum addresses currently have a balance greater than zero, which is a new record high for this particular statistic.
Nancy J. Allen is a crypto enthusiast, with a major in macroeconomics and minor in business statistics. She believes that cryptocurrencies inspire people to be their own banks, and step aside from traditional monetary exchange systems. She is also intrigued by blockchain technology and its functioning. She frequently researches, and posts content on the top altcoins, their theoretical working principles and technical price predictions.
