Top 3 DeFi Token by Highest Volume: LUNA, AVAX, WBTC

Top 3 DeFi Token by Highest Volume: LUNA, AVAX, WBTC
  • Terra token has a market cap of USD 31,397,547,270.
  • Terra is down 4.29% in the last 24 hours.

DeFi tokens provide new and innovative methods to obtain access to exciting prospects without the need for authorization. Here are the top 3 DeFi tokens by volume according to CoinMarketCap.

Terra (LUNA)

LUNA/USDT: Source: TradingView

Terra is an open-source blockchain technology that allows for the creation of algorithmic stablecoins that are tethered to regular fiat currencies. According to CoinMarketCap, LUNA price today is $87.18 USD with a 24-hour trading volume of $1,756,151,752 USD. LUNA is down 4.29% in the last 24 hours with a market cap of USD 31,397,547,270 and a circulating supply of 360,138,627 LUNA coins.

Avalanche (AVAX)

Layer one blockchain Avalanche serves as a platform for decentralized apps and customized blockchain networks. It competes to be the most popular blockchain for smart contracts by trying to raise transaction output to 6,500 per second without compromising scalability.

AVAX/USDT: Source: TradingView

According to CoinMarketCap, today’s Avalanche price is USD 107.34 with a 24-hour trading volume of USD 905,506,439. Avalanche is down 1.05% in the last 24 hours and has a market cap of USD 26,165,503,915 and a circulating supply of 243,752,416 AVAX coins.

Wrapped Bitcoin (WBTC)

WBTC is a new invention that basically introduces Bitcoin to the Ethereum network. WBTC has several applications in decentralized finance, allowing owners of digital assets to explore different blockchains.

WBTC/USDT: Source: TradingView

According to CoinMarketCap, today’s WBTC price is USD 46,921.38 with a 24-hour trading volume of USD 221,298,913. WBTC is up 0.76% in the last 24 hours. with a market cap of $12,126,399,436 USD. It has a circulating supply of 258,441 WBTC coins.