DeFi Project Tokens Recover Losses After Recent Market Crash – Bits Media

Over the past day, some tokens of decentralized financing projects (DeFi) showed a sharp increase, following the recent drop in the cryptocurrency market.

This week, the Bitcoin course fell to a six -month minimum in $29 000, However, shortly after that, for a short time, he lingered to $35 000. Now, signs of recovery are observed in the cryptocurrency market - many of the Defi projects are already “in the green” zone, flying more than 10%.

So, Uniswap decentralized UNI token UNI, ten leaders in market capitalization, grew more than 13%, Having reached $18.49. The COMP and Rune tokens course jumped up to $270.94 and $6.67 respectively, However, later these crypto acts were fixed at the level $236 and $ 5.55.

CAKE, internal token decentralized exchange Pancakeswap, It grew almost on 20% to $14.46. AAVE token price, used in the AAVE lending protocol, increased on 7.8% to $229. Token LINK, too, is noticeably grown to $19, showing growth more than 8%.

However, despite such impressive prices, Most Defi projects will take a lot of time to completely restore losses, incurred as a result of the fall of the market.

According to Defi Pulse, To date, the total number of crypto assets, decentralized financing blocked in the protocols, It is $49.5 billion, Although last month this indicator was $86.3 billion. This indicates a decrease in activity in Defi projects.

Nonetheless, Swiss bank Sygnum is ready to develop the decentralized finance industry, and in the near future plans to launch storage and trade services for several Defi tokens.