DeFi Tokens Curve, Lido, ChainLink Jump By Double Digits As Crypto Market Rebounds

The broader crypto market is largely in the green on Friday, with several blue-chip decentralized finance (DeFi) tokens do particularly well.

CRV, the governing symbol of the decentralized exchange curve, has risen 15.58% in the past 24 hours, hitting a monthly high of $1.56 before retreating to $1.49 at the time of writing, according to CoinMarketCap.

With a market capitalization of more than $770 million, CRV is currently the 62nd largest cryptocurrency.

Recently, the project was praised by analysts at Delphi Digital, who noted that Curve v2 quoted better execution rates than Uniswap v3 for approximately 65% ​​of all ETH/USDT transaction volume. This despite the fact that gas prices in the Curve protocol are almost twice as high as on Uniswap.

LDO, the native token of liquid staking platform Lido Finance, is up 11.1% on the day and is currently trading at $2.24 per CoinMarketCap.

The price of LINK, the token that powers the decentralized oracle network Chain linkhas risen 12.34% in the past 24 hours to hit a daily high of $7.75, a level last seen on June 11th when the market entered one of its many freefalls this year.

LINK, ranked 23rd with a market value of nearly $3.6 billion. changed hands at $7.66 at the time of writing, per CoinMarketCap.

The positive price action follows the release of Chainlink’s recent “Adoption Update”, which shared a number of new integrations last week.

As per the update, products such as Chainlink Keepers, Chainlink VRF and Chainlink Price Feeds were integrated across as many as eight different chains: Avalanche, BNBChain, Ethereum, Fantom, Harmony, Optimism, Polygon and Solana.

More DeFi tokens in the green

UNI, the token that powers the popular decentralized exchange Uniswap, meanwhile, is up 7.8% on the day, trading at $8.86 as of press time. This is despite the fact that UNI has retreated from its three-month high of $9.74 recorded on Thursday night, as shown by data from CoinMarketCap.

Elsewhere, several DeFi tokens made gains during the day as well. These include Maker (MKR), which is up 9.4%, Synthetix (9.4%) and 1inch Network 1INCH (7.7%).

Bitcoin (BTC), the industry’s benchmark cryptocurrency, is up 4.3% on the day, changing hands at $23,955 by press time. The price of Ethereum (ETH) rose 6.2% to $1,722.