Top DeFi Tokens Explode as TVL Nears $14 Billion
Data shows that many amongst the top 100 DeFi cryptocurrencies have posted explosive gains upwards of 50 percent, most notably Aave (AAVE), Yearn Finance (YFI), Reserve Rights Token (RSR), Sushi (SUSHI), Thorchain (RUNE), Curve DAO Token (CRV), etc. Aave is the fourth largest DeFi protocol in the lot, and its native token AAVE has registered a weekly jump of almost 54 percent.
Yearn Finance’s YFI token, which accrued considerable popularity for surpassing bitcoin’s all-time high of $20,000, is up 85 percent over the week after dropping to sub-$10,000 levels with almost 10 percent gains in 24 hours. Apart from the DeFi Lending protocol above, bZx that fell prey to multiple hacks also noticed its token log near 130 percent weekly gains and 34 percent daily gains.