Top DeFi tokens have taken a serious hit as the crypto market starts to stabilize. The governor tokens of Uniswap, Chainlink, and Curve have suffered significant losses over the past day.
Top DeFi tokens have taken a serious hit:
The Crypto market seems to be recovering from the bearish cycle. Bitcoin has been successful to maintain a price level of over $40k. It is a bit surprising to see that when the crypto market is trying to stabilize top DeFi tokens have taken a serious hit. The governance token of decentralized exchange Uniswap, UNI, has almost 12% in a day. The price of the token went down to $15.29 per unit.
According to the data from CoinGecko, UNI is down 16% over the last two weeks. LINK, one of the Top DeFi tokens, has also plunged 7.1% in a day. The token has lost almost 20% of its value in the last week. The developer team of Chainlink wants to introduce the staking option for LINK holders by the end of this year. However, the initial enthusiasm, which took LINK above $28 last week, is seemingly cooling off, with the token trading at $21.56 by press time.
CRV of Curve Finance is also down 7% since Tuesday, according to the statistics. The price of the token boomed at the start of the year to reach at $6.50 level but has retraced by almost 30% over the last 2 weeks.
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