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Top DeFi Names SUSHI, ThorChain, Others Surge 10% Higher

Top DeFi Names SUSHI, ThorChain, Others Surge 10% Higher

The decentralized finance (DeFi) space has surged higher in the past day once again despite stagnation in the Bitcoin price. The prices of leading cryptocurrency pertaining to this space have shot higher almost across the board.

According to CoinGecko, top coins in the span have gained a number of percent in the past 24 hours.

Altcoins such as SushiSwap’s SUSHI, Compound (COMP), Thorchain (RUNE), Aave (AAVE), and others have gained 10% in the past 24 hours alone. A number of other leading DeFi coins have gained 5-10% in the past day as well.

Related Reading: Here’s Why Ethereum’s DeFi Market May Be Near A Bottom

Top DeFi
Ledger Nano X - The secure hardware wallet

There are some that believe this will result in an influx of capital inflows into SushiSwap, which is a fork of Uniswap. An increase in TVL would likely benefit SUSHI as many would see this as validation of the cryptocurrency.

SUSHI is also benefiting from developments being made to the platform.

Developers of the DeFi exchange are currently working on a number of features including limit orders, a lending solution (one-sided lending), and a system to mitigate impermanent loss for users.

Related Reading: Tyler Winklevoss: A “Tsunami” of Capital Is Coming For Bitcoin

ThorChain After Beta Version of Bitcoin Swaps

ThorChain’s RUNE

Analysts think that the cryptocurrency is one of the best bets in the DeFi space.

Related Reading: 3 Bitcoin On-Chain Trends Show a Macro Bull Market Is Brewing
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Top DeFi Names SUSHI, ThorChain, Others Surge 10% Higher



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