- Crypto market crashes down, BTC hits below $48K.
- DeFi sector surges up despite the market crash.
- Harvest Finance (FARM) surges to 119% and QuickSwap (QUICK) by 36%.
The year end seems to get tougher and tougher as the days closes in. December 28, 2021, the entire crypto market plunged and crashed down adversely. The Bitcoin (BTC) went down below $48K, with a 24 hours fall of about 7.63%. And so, BTC has let down of more than $4k for the past 24 hours.
Despite such conditions, the Decentralized Finance (DeFi) alone owed to be the ray of hope for the dark day. No idea exactly what led to the other, but the overall DeFi industry and it’s tokens took a steep surge. Most of the DeFi tokens surged above 30% gains for the last 24 hours.
Amidst this, certain DeFi tokens performed exponentially, such as the Harvest Finance (FARM), the QuickSwap (QUICK) and much more.
The Harvest Finance (FARM)
The Harvest Finance (FARM) is a completely decentralized protocol based on DeFi. It is based on getting higher yields upon the ecosystem and farming the yields. Moreover, it depends on using various and new farming tools and techniques.
The surge of the FARM started on December 25, and continues straight till at present. On December 25 alone, it witnessed a surge of 70% gains. And so, now FARM translates to gains of 119% over the last 24 hours.
Moreover, the major reason for such rise is the protocol’s upgrade and moving towards decentralization, as now it enables its users , referred to as ‘builders’ , to implement new farming techniques.
The QuickSwap (QUICK) Surge
The QuickSwap (QUICK) as everyone knows is actually a decentralized exchange and QUICK is the native token of the network. The QuickSwap operates completely on the Polygon network.
Accordingly, the surge of QUICK took place from December 22 straight till present. From December 22 to December 28, QUICK jumped up to 143% gains. Taking the past 24 hours alone into consideration, QUICK has surged upto 36% gains.
In addition, the surge of QUICK is the result of a chain launch between Harmony (ONE) with the Polygon network.
