defi: DeFi tokens, blockchain games & metaverse assets weathered market slump with double digit growth

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defi: DeFi tokens, blockchain games & metaverse assets weathered market slump with double digit growth


NEW DELHI: The world of decentralized finance or DeFi has been resilient enough to the recent slowdown in the crypto market.
Many blockchain games coins, defi tokens and metaverse assets have performed better than the top two leading crypto assets Bitcoin and Ethereum, showing double digit growth within 24 hours on Nov 18, Bitcoin.com reported.
The gains made by DeFi economy within 24 hours in the backdrop of crypto market downturn:
* Some of the Metaverse assets that gained good growth are gala, crypto.com coin, wax, kadena, wonderland, and avalanche.
* The 7 top gainers among blockchain game tokens that showed double digit growth in the last 24 hours were the following:
– The top 3 blockchain game coins were Gala (GALA) that gained the highest at 110.4 per cent, Crypto.com coin (CRO) at 28.5 per cent followed by wax (WAXP) that jumped 16.7 per cent.
– These were followed by kadena (KDA) that spiked at 16.0 percent, wonderland (TIME) at 14.8 per cent, avalanche (AVAX) at 14.3 per cent, and curve dao token (CRV) increased by 10 per cent.
* According to dappradar.com, that provides information about all decentralized apps(Dapps), the top five decentralized exchange (dex) platforms include Uniswap (Ethereum), Trader Joe (Avalanche), Quickswap (Polygon), Alcor.exchange (WAX), and Sunswap (Tron).
* According to the defillama.com website for rankings and metrics of DeFi protocols :
– The total value locked (TVL) in defi protocols fell only 6.54 per cent to $257 billion on November 18 from $275 billion on November 9.
– In $257 billion TVL, the DeFi platform Curve has maximum share at 8 percent and $20.63 billion TVL followed by Makerdao at $18.16 billion TVL, and Aave with $15.59 billion TVL, Convex Finance at $15.34 billion, and WBTC $14.66 billion.
– The top three DeFi chains in terms of TVL are Ethereum (ETH), Binance Smart Chain (BSC), and Solana (SOL). In DeFi, Ethereum dominated with $172.22 billion or 66.93 per cent of the aggregate TVL in defi and BSC had just $19.56 billion or 7.60 per cent and Solana captured $13.32 billion or 5.17 per cent.
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