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UNI, SUSHI, MKR, Defi Tokens See 24 Hour Double-Digit Gains, Defi TVL Jumps 6% in 2 Weeks

UNI, SUSHI, MKR, Defi Tokens See 24 Hour Double-Digit Gains, Defi TVL Jumps 6% in 2 Weeks

While a number of popular crypto-assets like bitcoin have been consolidating, decentralized finance (defi) tokens have captured significant gains during the last 24 hours. A few defi crypto assets have seen double-digit gains and the leader of the pack is Uniswap which has jumped 20.9% in the last 24 hours.

Uniswap’s Defi Token leads the percentage gains on Sunday

Decentralized finance tokens (defi) tokens have been gaining more than many of today’s most well-known digital assets.

While bitcoin (BTC) has risen 2% today and ethereum (ETH) is up over 3%, crypto tokens like uniswap (UNI) and sushi (SUSHI) have seen double-digit gains. Uni has jumped over 20% during the last day while SUSHI is up 15.6%.

UNI, SUSHI, MKR, Defi Tokens See 24 Hour Double-Digit Gains, Defi TVL Jumps 6% in 2 Weeks
UNI token versus the U.S. dollar on Coinbase on September 26, 2021.

Both UNI and SUSHI are followed by coins like maker (MKR) up 11.5%, ftx token (FTT) up 10.6% today, and chainlink (LINK) which has risen 10.3% on Sunday. Uniswap (UNI) has a $12.1 billion market valuation today and around $1.1 billion in global trade volume.

UNI, SUSHI, MKR, Defi Tokens See 24 Hour Double-Digit Gains, Defi TVL Jumps 6% in 2 Weeks
Top ten gainers on Sunday, September 26, 2021.

FTT has a market valuation of around $6.8 billion and $869 million in global trades. LINK’s market cap on Sunday is $11.4 billion with $1.8 billion in 24-hour trade volume. UNI, SUSHI and FTT are followed by celer network, okb, theta fuel, TFUEL and serum (SRM).

Defi Total Value Locked Spikes 6% in 2 Weeks, Terra’s 7-Day Defi TVL Surges

On September 10, 2021, metrics from defillama.com indicated that the aggregate total value locked (TVL) in def across a myriad of chains was around $163 billion. On Sunday, September 26, the aggregate total value locked in defi is $174. 39 billion which is an increase of 6. 987% in just over two weeks.

In the past 24 hours, the entire defi TVL has increased by roughly 0.74%. Curve.fi is the dominant platform among the decentralized apps (dapps), which make up the whole defi TVL, with 7. 78% of the aggregate.

UNI, SUSHI, MKR, Defi Tokens See 24 Hour Double-Digit Gains, Defi TVL Jumps 6% in 2 Weeks
Total value locked in decentralized finance (defi) across various blockchains on Sunday, September 26, 2021.

As far as the defi TVL on Ethereum there’s $124. 31 billion on September 26, which is an increase of 2. 53% in a single day. However, the Ethereum defi TVL during the course of the trailing seven days has shed 5.76%. The Binance Smart Chain (BSC) TVL on Sunday is roughly $15. 92 billion and up 0. 05% today.

Seven-day stats show BSC has lost 13. 57% of the blockchain’s TVL held in defi. Solana (SOL) has seen a weekly dip in TVL as well, losing 12. 27% of its TVL value in seven days with an aggregate total of around $8. 83 billion. Terra saw a 7-day jump as it rose 7. 30% to $8. 51 billion.

What do you think about the recent surge in defi coin values and the defi TVL increasing over 6% since September 10? Please let us know your thoughts on this topic in the comments section below.

Image Credits: Shutterstock, Pixabay, Wiki Commons, Coingecko, Defillama, Tradingview,

Disclaimer: This article is for informational purposes only. This article is not intended to be a solicitation or offer to purchase or sell any products or services. Bitcoin.com does not provide investment, tax, legal, or accounting advice. The author and the company are not responsible for any loss or damage resulting from or in connection to the content, goods, or services discussed in this article.

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BTC slips amid poor debut for Hong Kong spot ETFs

Bitcoin fell to under $62,000 after spiking past $64,700 earlier as Hong Kong spot Bitcoin and Ethereum ETFs began trading. Data showed trading volumes hit just over $11 million, against expectations of over $3oo million. Bitcoin price fell below $62,000 again amid market reaction to less than encouraging numbers from the first day of trading…


  • Bitcoin fell to under $62,000 after spiking past $64,700 earlier as Hong Kong spot Bitcoin and Ethereum ETFs began trading.
  • Data showed trading volumes hit just over $11 million, against expectations of over $3oo million.

Bitcoin price fell below $62,000 again amid market reaction to less than encouraging numbers from the first day of trading for much hyped spot Bitcoin and Ethereum ETFs in Hong Kong.

BTC was down about 1.4% at the time of writing, having touched lows of $61,587 across major crypto exchanges.

The benchmark cryptocurrency, which has struggled to reclaim key levels since its recent halving event, was seeing a 24-hour trading volume of $28.4 billion.

Bitcoin price and Hong Kong spot ETFs debut

Earlier, Bitcoin price surged to above $64,000 as the six spot Bitcoin and spot Ethereum ETFs went live in Hong Kong.

The flagship cryptocurrency rose to over $64,727 on US-based crypto exchange Coinbase. BTC also soared after reports Hong Kong approved the listing of the ETFs.

NEW: 🇭🇰 Opening ceremony of Hong Kong spot #Bitcoin ETFs 👏 pic.twitter.com/ux1eb5PqRn

— Bitcoin Magazine (@BitcoinMagazine) April 30, 2024

However, as data streamed in showing disappointing trading volumes and inflows, Bitcoin price took a hit. According to details of the six ETFs’s debut day, total trading volume reached just $11 million, not impressive given projections were much higher at over $300 million.

Bitcoin ETFs saw about $8.5 million while Ethereum ETFs recorded just $2.5 million on the first day. Ethereum price fell to $3,040.

Notably, the figures from Hong Kong are way lower compared to those recorded amid the enthusiasm that greeted the launch of spot Bitcoin ETFs in the US in January. On their debut, the US spot BTC ETFs raked in over $4.6 billion in trading volume.

The start to trading for the ETFs has not helped BTC price and BTC could face a slide under the $60k level if sentiment flips negative. On the upside, resistance at $65k remains critical and a breakout could see the bellwether digital asset soar towards its recent peak.


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