Fun

Games Coins, Defi Tokens, Metaverse Assets Rise Above Market Downturn With Double-Digit Gains

News Feed - 2021-11-18 10:11:07

Games Coins, Defi Tokens, Metaverse Assets Rise Above Market Downturn With Double-Digit Gains


While digital currencies like bitcoin and ethereum lost roughly 10% in value during the last seven days, the decentralized finance (defi) economy has weathered the storm better than the top two leading crypto assets. A slew of blockchain games coins, defi tokens, and metaverse assets like gala, crypto.com coin, wax, kadena, wonderland, and avalanche have seen double-digit gains during the last 24 hours. TVL in Defi Weathers the Crypto Economy Storm


While bitcoin (BTC) has hovered just above the $60K zone in consolidation, the defi economy and a number of other crypto assets have seen decent gains. Statistics from defillama.com show that on November 9, the total value locked (TVL) in defi protocols tapped $275 billion and today it’s only 6.54% lower at $257 billion. The defi protocol Curve commands 8% dominance amid the $257 billion with $20.63 billion TVL. Total value locked in defi on November 17, 2021, across all blockchains according to defillama.com.


Curve’s TVL is followed by Makerdao ($18.16B), Aave ($15.59B), Convex Finance ($15.34B), and WBTC ($14.66B), respectively. The top three chains today in terms of TVL in defi include Ethereum (ETH), Binance Smart Chain (BSC), and Solana (SOL). ETH captures $172.22 billion or 66.93% of the aggregate TVL in defi on Wednesday. BSC has $19.56 billion or 7.60% and SOL has $13.32 billion or 5.17%. 7 Tokens See Double-Digit 24 Hour Gains, Cross-Chain Bridge TVL Dips 6.3% in 30 Days, Uniswap Commands Today’s Top Dex Volume


The top gainer during the last 24 hours is the blockchain game coin gala (GALA), up 110.4% today. Crypto.com coin (CRO) has increased 28.5%, wax (WAXP) jumped 16.7%, kadena (KDA) spiked 16.0%, wonderland (TIME) lifted 14.8%, avalanche (AVAX) rose 14.3%, and curve dao token (CRV) increased by 10%. The aforementioned seven tokens are the only coins on Wednesday that saw double-digit gains among the 10,000+ crypto assets. Double-digit gainers on November 17, 2021.


Other notable gainers include theta fuel (TFUEL) up 8.3%, kucoin token (KCS) jumped 5.2%, nem (XEM) rose 5.2%, polygon (MATIC) increased by 4.8%, and iota (MIOTA) spiked 4.3% during the last 24 hours. Defi cross-chain bridge action is around $23.98 billion total value locked with Ronin Bridge commanding $7.5 billion, according to Dune Analytics metrics. 30-day changes in cross-chain bridge TVL show bridge TVL is down 6.3%. Top five decentralized exchange (dex) platforms on November 17, 2021. The Avalanche-based Trader Joe saw a 15% increase in users on Wednesday.


The top five decentralized exchange (dex) platforms today include Uniswap (Ethereum), Trader Joe (Avalanche), Quickswap (Polygon), Alcor.exchange (WAX), and Sunswap (Tron). During the last 24 hours, the Avalanche-based Trader Joe saw $150.89 million in dex swaps, while today’s leader Uniswap processed $901 million, according to dappradar.com’s records on November 17. Tags in this story Alcor.exchange, Avalanche, AVAX, Blockchain Game Tokens, blockchain games, CRO, CRV, DeFi, Defi coins, Defi Tokens, DEX, Dex Platforms, KCS, matic, Quickswap, Solana (SOL), Sunswap, TFuel, Time, Trader Joe, uniswap, WAX, WAXP, XEM


What do you think about the blockchain games coins, defi tokens, and metaverse assets rising above the crypto market downturn? Let us know what you think about this subject in the comments section below. While the Value Locked in Defi Soars, Dozens of Dapps Leverage Cross-Chain Support DEFI | Nov 7, 2021 Decentralized Indexing Provider Aleph.im Launches Serum Markets Analytics DEFI | Nov 7, 2021


Image Credits: Shutterstock, Pixabay, Wiki Commons, defillama.com, dappradar.com, coingecko.com Previous articleFederal Reserve Governor Argues Against Subjecting Stablecoins to Full Banking Regulation Next articleFamed Economist Doubts Bitcoin Will Become Global Currency Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article. Read disclaimerShow comments More Popular NewsIn Case You Missed ItSotheby’s to Bring Down the Hammer in Ethereum on 2 Iconic Banksy Paintings


Sotheby’s, the British-founded American luxury auction house, has announced the company will be selling Banksy works for real-time bids in ethereum at “The Now Evening Auction” on November 18. While the upcoming auction will have pieces from highly acclaimed artists ... read more.Twitter Sets up Dedicated Team to Focus on Cryptocurrency and Decentralized Apps Hong Kong Company Onedegree to Offer Insurance for Cryptocurrencies Moonshot to $90K — After Bitcoin Upgrade Taproot Activates, Crypto Advocates Expect the Price to Rally Ripple Launching Liquidity Hub Despite SEC Lawsuit Over XRP

News Feed

Rarible NFT Marketplace Integrates Tezos Blockchain, Will Support Ubisoft Digits
Rarible NFT Marketplace Integrates Tezos Blockchain, Will Support Ubisoft Digits On Wednesday, the non-fungible token (NFT) marketplace Rarible announced that the platform now supp
EigenLayer enhances EigenDA security to combat Sybil attacks
Amaka NwaokochaJun 23, 2024EigenLayer enhances EigenDA security to combat Sybil attacksWith the additional security feature, EigenLayer aims to protect the service it offers while guaranteeing its availability to all cli
How Binance NFT Is Building the No․1 Gaming Metaverse
How Binance NFT Is Building the No․1 Gaming Metaverse sponsored Video games, the Metaverse and NFTs. Binance NFT has become the largest centralized gaming NFT marketplace. See wha
Bitcoin crashes to $53K, but analysts warn the worst isn’t over
Tom Mitchelhill4 hours agoBitcoin crashes to $53K, but analysts warn the worst isn’t overAnalysts say Bitcoin could sink as low as $50,000, but strong macro conditions and an entrenched “buy the dip” mentality will
Oman Capital Markets Regulator Plans to Establish a Virtual Assets Regulatory Framework
Oman Capital Markets Regulator Plans to Establish a Virtual Assets Regulatory Framework The Oman Capital Market Authority (CMA) has said it plans to establish a regulatory regime t
Bitcoin Support Sits At $90,6K Short-Term Holder Realized Price – Expert Reveals Key Resistance Level
Este artículo también está disponible en español. Bitcoin has been struggling to reclaim the $100K mark, facing intense volatility and selling pressure since the weekend.
Coinbase Responds to Reports of Selling Customer ‘Geo Tracking’ Data to US Government
Coinbase Responds to Reports of Selling Customer "Geo Tracking" Data to US Government The Nasdaq-listed cryptocurrency exchange Coinbase has insisted that it does not sell “
Shiba Inu All Set For ‘Bull Show’, Eyes 180% Rally – Analyst
Este artículo también está disponible en español. Shiba Inu (SHIB) is stirring up excitement again. The meme-based cryptocurrency has seen bullish momentum lately, grabbi
National Assembly of Panama Advances Discussion of Cryptocurrency Law Project
National Assembly of Panama Advances Discussion of Cryptocurrency Law Project The National Assembly of Panama has advanced a cryptocurrency law project that seeks to regulate crypt
Texas and Alabama Regulators Crackdown on Blockfi’s Interest Bearing Account Product
Texas and Alabama Regulators Crackdown on Blockfi"s Interest Bearing Account Product Fresh off the heels of Blockfi’s issues with the ​​New Jer
Ether ETFs may be delayed, as institutions are unprepared — Web3 exec
Zoltan Vardai12 hours agoEther ETFs may be delayed, as institutions are unprepared — Web3 execHowever, while spot Ether ETF applications could see further delays, approval is just a matter of time, according to the CEO
Derek Andersen2 hours agoInspector General wants FDIC to refine crypto risk assessment process, guidanceThe bank deposit insurer should assess the sufficiency of its risk mitigation measures and then provide them in a mo