Disclaimer
The views and opinions expressed by the author are for informational purposes only and do not constitute financial, investment, or other advice.
$93,730.00
2.09%$1,775.79
2.58%$2.20
3.16%$609.47
1.86%$154.49
5.82%$0.999937
-0.01%$0.18226
6.91%$0.720154
7.08%$0.243614
0.55%$1,773.48
2.48%$93,638.00
1.96%$3.61
21.55%$15.12
6.38%$22.36
2.99%$0.283784
9.35%$9.24
-0.33%$0.00001407
8.43%$0.19465
10.41%$3.24
5.28%$2,132.88
2.45%$1.00
-0.00%$361.98
1.80%$4.32
9.24%$84.82
4.61%$19.02
7.00%$4.47
0.57%$1.00
-0.91%$1,775.03
2.40%$0.999359
-0.02%$0.654266
2.22%$229.24
1.74%$29.02
1.74%$1,891.75
2.54%$93,704.00
1.91%$0.00000883
5.45%$5.89
3.81%$5.55
6.61%$1.025
17.74%$53.14
4.32%$2.58
8.73%$357.08
9.05%$23.41
2.37%$5.32
6.92%$0.105949
11.45%$17.12
5.21%$12.90
9.62%$1.049
0.01%$31.70
-0.64%$1.00
0.00%$0.092106
4.01%$166.64
4.74%$0.739229
8.01%$4.58
6.95%$0.02716391
8.53%$0.251126
12.41%$1.17
0.05%$0.371484
12.55%$4.56
5.81%$0.230663
11.14%$93,193.00
1.59%$2.87
7.58%$4.25
0.42%$0.689036
12.80%$2.91
6.27%$0.526793
7.95%$0.34486
5.67%$0.998111
0.03%$4.16
2.47%$93,534.00
1.24%$0.48379
13.09%$0.899064
21.47%$0.807401
8.40%$10.38
1.21%$161.96
6.10%$1,505.56
4.20%$0.00001626
17.36%$0.961862
13.73%$0.074811
1.22%$1.11
4.72%$75.61
8.58%$1.097
3.22%$0.599102
7.89%$4.02
9.84%$1,775.45
2.16%$0.206755
9.30%$0.0164272
1.10%$0.679439
6.55%$1,850.17
2.55%$10.31
12.84%$0.101846
16.39%$609.60
1.10%$0.68262
1.64%$0.99978
-0.00%$1.00
-0.01%$2,002.05
2.42%$0.999945
-0.28%$0.0172438
10.99%$3,313.38
-1.10%$92,221.00
1.06%$1.00
0.03%$2.73
13.23%$170.29
6.11%$198.70
5.89%$3,315.78
-1.25%$0.01773275
8.52%$13.61
1.57%$0.855313
8.35%$0.203352
8.68%$4.16
17.69%$0.308619
8.42%$0.747415
14.34%$93,496.00
1.99%$0.73899
13.45%$0.00007614
15.63%$0.02135903
3.64%$0.566988
11.79%$35.82
20.03%$1,888.57
2.54%$2.18
12.60%$0.00000069
8.53%$0.115773
2.96%$0.997924
0.01%$0.407615
6.84%$93,524.00
1.85%$0.999574
0.12%$0.325852
6.59%$0.164683
13.87%$1.85
8.33%$1.098
-0.67%$0.239305
6.18%$17.66
7.74%$0.561533
7.62%$0.582813
13.94%$1,856.25
2.42%$3.44
9.23%$34.55
3.98%$0.00862956
40.18%$0.054529
9.30%$0.830276
22.17%$0.578531
17.34%$0.005662
0.77%$0.00905678
11.72%$1.85
11.37%$0.663411
7.42%$17.99
20.63%$0.523184
2.56%$0.462876
7.07%$0.99889
0.02%$94,339.00
-0.29%$0.06744
0.53%$0.999997
-0.01%$1.37
7.93%$2.29
1.34%$91,346.00
2.37%$93,447.00
1.81%$0.182257
6.85%$7.06
14.61%$0.99996
-0.00%$0.571026
14.15%$0.0000232
9.08%$6.48
10.14%$0.156867
6.88%$1,854.86
1.39%$0.179434
12.77%$0.251355
12.73%$0.541653
7.22%$110.81
0.01%$93,295.00
1.70%$2.63
8.22%$0.08227
7.95%$0.00000042
0.20%$1.084
0.01%$1.00
0.03%$3.72
9.04%$0.04227661
5.43%$1,768.98
2.07%$0.407959
27.49%$44.13
6.28%$1,888.77
2.77%$1,775.07
2.60%$0.337013
6.38%$0.084434
8.59%$1,774.73
2.53%$1.001
0.06%$0.00722497
7.35%$1,774.14
2.48%$0.00420032
6.31%$0.00006505
3.24%$21.59
-0.22%$0.175472
-0.33%$0.99883
-0.18%$0.563233
4.62%$0.999565
0.04%$0.825977
2.55%$0.361621
14.41%$0.01718874
1.13%$0.125045
5.15%$0.00471326
10.98%$0.99988
0.09%$1,814.08
2.21%$0.999872
-0.01%$2.87
9.30%$0.03172247
1.22%$0.25192
9.28%$0.678491
9.29%$27.86
5.00%$0.678368
-0.10%$1.23
6.90%$93,558.00
1.89%$0.00000148
1.65%$3.70
9.16%$0.99992
-0.00%$113.28
3.15%$0.696932
0.08%$93,361.00
2.80%$0.283937
4.26%$1,760.63
2.57%$1.00
0.08%$1.17
8.91%$3,301.31
-0.87%$22.61
4.51%$0.132514
-3.90%$2.89
1.43%$0.270366
-0.60%$0.245036
45.88%$0.194047
6.54%$16.32
9.22%$0.115796
7.09%$0.03812393
4.86%$0.775402
12.18%$1.001
11.05%$0.01318749
7.41%$1,875.32
1.44%$0.52139
3.39%$1,774.26
2.49%$0.45096
7.25%$0.02983781
5.62%$1,881.83
2.12%$0.00282112
10.52%$22.33
2.93%$0.248873
1.96%$0.00241365
14.21%$18.96
6.70%$1.00
-0.00%$2.30
5.76%$0.00271455
8.14%$0.00517062
9.74%$1,945.32
2.51%Reading
As August gave way to September, some DeFi tokens likewise made way near the top of the DeFi market cap rankings for UMA.
On Tuesday of last week, UMA had a market cap of around $392 million, according to data from CoinMarketCap. A week later, UMA's market cap is north of $1.1 billion. That's enough to put it in second-place behind Chainlink, which has a massive $5.6 billion market cap.
The movement places UMA above yearn.finance, which at this point last week had a market cap of $404 million. While yearn.finance has grown at an explosive rate, it hasn't grown quite as explosively as UMA, instead settling in at around $950 million mark today.
Also in the mix is current DeFi darling Aave, which is relatively stable, at least as far as decentralized finance goes. It's moved downward, from $988 billion to $957 billion, over the last seven days.
With the market cap for some DeFi coins doubling in the course of a week, it means that tomorrow, of course, things may look very different. Sushi, for example, didn't exist last week. Now, it has a market cap of $188 million, good for 74th on CoinMarketCap's rankings.
A liquidity war is brewing between Uniswap and a fork of DeFi’s darling DEX, called SushiSwap. Don’t let the flippant name and emoji throw you off: Sushi means business. In less than a week, SushiSwap has aggregated more than $800M worth of tokens, or about 80% of total Uniswap assets, according to Sushiboard, which tracks the project’s data. Uniswap Rival Sushiswap Hits $30m Daily Volume with Yield Farming Play This isn’t just another liquidity-pool based DEX that’s popped up to compete with Un...
UMA, short for Universal Market Access, refers to itself as a "decentralized financial contracts platform." Its token uses the ERC-20 standard from the Ethereum blockchain, allowing users to create their own synthetic tokens—and derivatives contracts.
In the Wild West world of DeFi, of course, users are looking to create more than just tokens. They're in it for the money. And there's a lot of it trading hands at the moment. How valuable all those assets will be this time next week, however, is anyone's guess.
Disclaimer
The views and opinions expressed by the author are for informational purposes only and do not constitute financial, investment, or other advice.
The U.S. Securities and Exchange Commission has delayed its decision on applications for rules changes that would enable the listing of exchange-traded funds tracking the spot price for Polkadot and Hedera, plus a third fund based on the performance of Bitcoin and Ethereum, according to filings Thursday. The regulator has until June 11 to weigh in on 19b-4 requests submitted by the Nasdaq Exchange for the Canary HBAR ETF and conversion of a Grayscale Polkadot Trust. It will have until June 10 t...
TRUMP, the official Solana meme coin of President Donald Trump, is deep in the red Thursday after skyrocketing in value Wednesday as crypto traders vied for an opportunity to attend an exclusive dinner for top holders. The coin is down 18% over the last 24 hours to a current price of $11.81, according to data from CoinGecko, showing a substantial dive over the last day. The price fell to about $12 by the end of the day on Wednesday, and then has continued to hover above and below that mark so fa...
The price of Bitcoin sank and then plateaued on Thursday, even as U.S. stocks advanced on rising rate cut hopes and U.S. President Donald Trump’s latest trade-related utterances. Bitcoin was recently changing hands around $93,300, roughly flat over the past day, after falling as low as $91,800 midday, according to crypto data provider CoinGecko. Altcoins were mixed, with Ethereum falling 1.8% to $1,760 while Solana climbed 1% to around $151. In an interview with CNBC’s Squawk Box, Beth Hammack,...