Top 3 DeFi Tokens By Trading Volume

  • The global crypto market size falling below $1.6 trillion. 
  • BTC’s dropped nearly under $32,000 for the first time since February.

The largest cryptocurrencies had a bearish week. A small great look at the top 3 DeFi tokens by Market volume.

Data from CoinMarketCap

Terre (LUNA)

The Terra smart contract platform was created on the Cosmos SDK (software for blockchain platform) in 2018 by Daniel Shin and Do Kwon. LUNA is the native token, Terra is an algorithmic stablecoins-focused on the decentralized finance concept. It provides rapid and fast transactions by combining the price stability and widespread use of fiat currencies with the censorship-resistance of Bitcoin (BTC). 

According to CoinMarketCap (CMC), Terra is currently trading at $34.54 USD, with a 24-hour volume of $12,274,614,377 USD. In the previous 24 hours Terra has dropped 44.26%. With a live market cap of $12,731,102,946 USD, the current CMC is 13.

Avalanche (AVAX)

Avalanche is a proof-of-stake blockchain with smart contract functionality that is a decentralized and open-source platform launched on the mainnet in September 2020. The platform’s native cryptocurrency is AVAX, it is a hard-capped rare asset used to pay fees, used to secure the platform via staking, and give a basic unit of account between the many Avalanche subnets.

According to CMC, With a 24-hour trading volume of $1,739,145,108 USD, the current Avalanche price is $47.56 USD. In the previous 24 hours, Avalanche has been down 4.04%. With a live market cap of $13,069,280,619USD, the current CMC ranking is 12.

Chainlink is a blockchain intermediate layer that enables globally connected smart contracts. It was founded in 2017. Chainlink enables blockchains to safely connect with external data feeds, transactions, and payment mechanisms via a decentralized oracle network. It will deliver the necessary off-chain information to the complicated smart contracts to become the strongest digital agreement.

According to CMC, With a 24-hour trading volume of $1,215,751,420 USD, the current Chainlink price is $8.94 USD. In the last 24 hours it has been down 7.09%. With a live market cap of $4,243,079,419 USD, the current CMC ranking is 29.

There are 467,009,550 LINK coins in circulation, with a maximum supply of 1,000,000,000 LINK coins.

An engineering graduate who is passionate about writing and loves the very existence of crypto. Trading forex currency keeps me busy when I am not writing and analysing the crypto world.