• Advertise
  • Submit a Press Release
NewsBTC
Bitcoin & cryptocurrency news
Crypto.com Logo
  • Home
  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • Play GamesTry
  • Bet & WinTry
  • Bitcoin Casino ReviewsTry
No Result
View All Result
  • Home
  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • Play GamesTry
  • Bet & WinTry
  • Bitcoin Casino ReviewsTry
No Result
View All Result
NewsBTC
No Result
View All Result
ethereum
Nexo Logo

Top DeFi Names SUSHI, ThorChain, Others Surge 10% Higher

Nick Chong by Nick Chong
2 years ago
in DeFi
Reading Time: 2 mins read
Advertisement

The decentralized finance (DeFi) space has surged higher in the past day once again despite stagnation in the Bitcoin price. The prices of leading cryptocurrency pertaining to this space have shot higher almost across the board.

According to CoinGecko, top coins in the span have gained a number of percent in the past 24 hours.

Altcoins such as SushiSwap’s SUSHI, Compound (COMP), Thorchain (RUNE), Aave (AAVE), and others have gained 10% in the past 24 hours alone. A number of other leading DeFi coins have gained 5-10% in the past day as well.

5 BTC + 300 Free Spins for new players & 15 BTC + 35.000 Free Spins every month, only at mBitcasino. Play Now!
Related Reading: Here’s Why Ethereum’s DeFi Market May Be Near A Bottom

Top DeFi Coin SushiSwap Rallying On Anticipation of Uniswap Migration

SushiSwap’s SUSHI coin appears to be rallying as a result of the second-order effects of Uniswap’s liquidity mining campaign. On the 17th, Uniswap’s liquidity mining scheme will end, which will result in an influx of stablecoins, ETH, and Wrapped Bitcoin into the DeFi market.

There are some that believe this will result in an influx of capital inflows into SushiSwap, which is a fork of Uniswap. An increase in TVL would likely benefit SUSHI as many would see this as validation of the cryptocurrency.

SUSHI is also benefiting from developments being made to the platform.

BitStarz Player Lands $2,459,124 Record Win! Could you be next big winner?
Get 110 USDT Futures Bonus for FREE!

Developers of the DeFi exchange are currently working on a number of features including limit orders, a lending solution (one-sided lending), and a system to mitigate impermanent loss for users.

Related Reading: Tyler Winklevoss: A “Tsunami” of Capital Is Coming For Bitcoin

ThorChain After Beta Version of Bitcoin Swaps

ThorChain’s RUNE coin is rallying shortly after the project revealed a beta/testnet version of its Bitcoin swap. With this new system, users will be able to swap for assets on other chains using native BTC.

“THORChain contributors are pleased to announce multichain testnet1 #MCTN1 is live for community testing with support for Bitcoin and Binance Chain. Users can swap between Binance Chain and Bitcoin assets, as well as provide liquidity to BNB or BTC pools. Nodes can join the network if they wish by bonding tRune.”

Analysts think that the cryptocurrency is one of the best bets in the DeFi space.

Read our comparison of 50 different crypto casinos. Find out who has most generous bonuses, best UX, knowledgeable customer support and best provably fair games.
Related Reading: 3 Bitcoin On-Chain Trends Show a Macro Bull Market Is Brewing
Featured Image from Shutterstock
Price tags: xbtusd, btcusd, btcusdt
Charts from TradingView.com
Top DeFi Names SUSHI, ThorChain, Others Surge 10% Higher
Tags: DeFisushiusdThorchain
Tweet123Share196ShareSend
Win up to $1,000,000 in One Spin at CryptoSlots
Nick Chong

Nick Chong

I am a writer who has been following Bitcoin for years now. My insights and interviews have been featured in leading publications in the industry such as LongHash and Decrypt. I own a small amount of Bitcoin.

Related Posts

Cream Finance Loses $25 Million To A Flash Loan Attack

Cream Finance Loses $25 Million To A Flash Loan Attack

11 months ago
Uniswap (UNI), Compound (COMP), Other DeFi Coins Are Slipping Lower

Uniswap (UNI), Compound (COMP), Other DeFi Coins Are Slipping Lower

1 year ago
defi bitcoin crypto wheel of fortune

Millions Learn About DeFi From Wheel Of Fortune Contestant

2 years ago
SushiSwap (SUSHI) Undergoes 10% Rally Despite Ethereum Drop

SushiSwap (SUSHI) Undergoes 10% Rally Despite Ethereum Drop

2 years ago
Bitcoin Altcoins

Compound (COMP) Outruns Top DeFi Tokens as TVL Closes Above $2B

2 years ago
bitcoin defi ethereum

Analyst: Post Bitcoin, Traditional Finance Will Flock To DeFi, Not Ethereum

2 years ago

Premium Partners

Top Brokers

PrimeXBT

PrimeXBT

Review · Visit

Top Casinos

BitStarz

BitStarz

Review · Visit
7BitCasino

7BitCasino

Review · Visit
Punt Casino

Punt Casino

Review · Visit
mBit

mBit

Review · Visit
CryptoGames

CryptoGames

Review · Visit
Bspin

Bspin

Review · Visit

Sportsbooks

1xBit

1xBit

Review · Visit

LBank Exchange Will List Voice Street Token (VST) on August 15, 2022

August 9, 2022

LBank Exchange Will List Rare Fnd (FND) on August 9, 2022

August 9, 2022

The Main Reason Why GNOX (GNOX) Could Flip Dogecoin (DOGE) And Shiba Inu (SHIB) In 2023

August 8, 2022

The Next Bullish Wave in Crypto Could Generate Huge Profits for Uniglo (GLO), Fantom (FTM), and Optimism (OP)

August 8, 2022

The FishVerse Announces the First Ultimate Fishing Metaverse

August 8, 2022

ABOUT US

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

COMPANY

  • Advertising
  • Comments Policy
  • Privacy Center
  • Sitemap
  • About Us
  • Contact

Technical Analysis

  • Bitcoin (BTC)
  • Ethereum (ETH)
  • Ripple (XRP)
  • Chainlink (LINK)
  • Cardano (ADA)
  • Tezos (XTZ)

LINKS

Crypto Prices from Nomics

Cryptocurrency news

  • Bitcoin
  • Ethereum
  • Ripple
  • Chainlink
  • Cardano
  • EOS
  • Tezos

© 2021 NewsBTC. All Rights Reserved.

  • Home
  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • Play Games
  • Bet & Win
  • Bitcoin Casino Reviews

© 2021 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.