The broader crypto market is largely in the green on Friday, with several blue-chip decentralized finance (Challenge) chips are doing particularly well.
CRV, the decentralized exchange curve governance token, is up 15.58% in the past 24 hours as it hit a monthly high of $1.56 before falling back to $1.49 at the time. of the editorial staff, according to CoinMarketCap.
With a market cap of over $770 million, CRV is currently the 62nd largest cryptocurrency.
Recently the project was rented by analysts at Delphi Digital, who noted that Curve v2 showed better execution prices than Uniswap v3 for around 65% of all ETH/USDT trading volume. This is despite the fact that Curve protocol gas prices are almost twice as high as Uniswap.
LDO, the native token of liquid staking platform Lido Finance, is up 11.1% on the day and is currently trading at $2.24, per CoinMarketCap.
The price of LINK, the token powering the decentralized oracle network Chain linkjumped 12.34% in the past 24 hours to a daily high of $7.75, a level last seen on June 11 when the market entered one of many freefalls this year.
LINK, ranked 23rd with a market capitalization of nearly $3.6 billion. was changing hands at $7.66 at the time of this writing, per CoinMarketCap.
The positive price action follows the release of Chainlink’s recent ‘Adoption Update’, which share a slew of new integrations last week.
According to the update, products such as Chainlink Keepers, Chainlink VRF, and Chainlink Price Feeds have been integrated into eight different chains: Avalanche, BNBChain, Ethereum, Fantom, Harmony, Optimism, Polygon, and Solana.
More DeFi tokens in the green
UNI, the token that powers the popular decentralized exchange Uniswap, meanwhile, is up 7.8% in one day, trading at $8.86 at press time. This is despite UNI pulling back from its three-month high of $9.74 recorded on Thursday evening, as data from CoinMarketCap shows.
Elsewhere, more DeFi tokens also posted gains during the day. These include Maker (MKR), which is up 9.4%, Synthetix (9.4%) and 1inch Network 1INCH (7.7%).
Bitcoin (BTC), the industry benchmark cryptocurrency, rose 4.3% during the day, changing hands at $23,955 at press time. The price of Ethereum (ETH) rose 6.2% to $1,722.
The views and opinions expressed by the author are for informational purposes only and do not constitute financial, investment or other advice.
Stay up to date with crypto news, get daily updates in your inbox.