NewsBTC
No Result
View All Result
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Breaking News: Coinbase Confirms DOJ Investigation Following Major Security Incident
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Bitcoin News
No Result
View All Result
Breaking News: Coinbase Confirms DOJ Investigation Following Major Security Incident

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

Nick Chong
Nick Chong
1 year ago
2 mins read

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Top decentralized finance (DeFi) coins are sliding lower despite strength in the Ethereum price.

Data from Uniswap indicates that against the U.S. dollar, coins such as UNI, Compound’s COMP, and Yearn.finance’s YFI, have slid lower by 1-5% in the past 24 hours.

This slight move lower in the price action of these coins adds to an overall trend of consolidation seen in the DeFi market over the past week. After a strong breakout in January, which transitioned into early February, the DeFi market has cooled fairly rapidly.

DeFi Market Stumbles as Ethereum Pushes to New Highs

The DeFi market is stumbling as key market players fail to react positively to Ethereum’s push to new all-time highs.

Coins such as UNI, SNX, and COMP are sliding lower against Ethereum, and in some cases, against the U.S. dollar.

This consolidation appears to be a result of capital cycling back into Ethereum itself and other layer-one blockchain coins, such as Binance Coin (BNB) or Cosmos (ATOM).

Image below from CoinGecko, showing the performance of the top 13 DeFi coins over the past few days and weeks.
Related Reading: Wall Street Veteran Kickstarts Own Bitcoin Fund With $25m Investment

Decentralized Finance Gets Validation From Federal Reserve Report

While the short-term health of the DeFi market may look grim, the decentralized finance narrative gained steam last week.

The St. Louis Federal Reserve, a branch of the American central bank, published a report indicating that DeFi could lead to a “paradigm shift in the financial industry.”

The author of the report, a blockchain-focused professor at the University of Basel, elaborated on the matter:

“DeFi has unleashed a wave of innovation. On the one hand, developers are using smart contracts and the decentralized settlement layer to create trustless versions of traditional financial instruments. On the other hand, they are creating entirely new financial instruments that could not be realized without the underlying public blockchain.”

While this was not a direct endorsement by the Federal Reserve, the thesis that DeFi will disrupt finance in a positive manner has gained steam over recent weeks and months.

The general idea is that because blockchain systems are relatively open compared to traditional systems, DeFi should garner more value in the long run.

Related Reading: 3 Bitcoin On-Chain Trends Show a Macro Bull Market Is Brewing
Featured Image from Unsplash
Chart from TradingView.com
Price Tags: UNIUSD, UNIBTC, COMPUSD, COMPBTC
Uniswap, Compound, Other DeFi Coins Are Slipping Lower
Tweet123Share196ShareSend
Nick Chong
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.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Related News

XRP

Ripple Plans To Take 14% Of SWIFT Volume, USDC Lands On XRPL – What Does This Mean For XRP Price?

Ripple CEO Brad Garlinghouse predicted that XRP could soon take a chunk of SWIFT’s trading volume. Meanwhile, Circle’s USDC recently...

Scott Matherson 3 weeks ago
Uniswap

UNI Flashes Strength After Breaking Past Key Resistance Levels, What’s Next?

In a recent update shared by Crypto Man MAB on X, UNI’s price action has taken a bullish turn. The...

Godspower Owie 3 weeks ago
DeFi

Solana-Linked $1 Billion DeFi Dream Crushed By SEC Intervention

DeFi Development Corp. hit a major roadblock this week when the US Securities and Exchange Commission blocked its $1 billion...

Christian Encila 3 weeks ago
Load More

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Related News

Ethereum Liquid Staking Hits New ATH With 35.5 Million ETH Locked – Will Price Follow?

Ash Tiwari 2 days ago
World Liberty Financial

World Liberty Financial Eyes BNB Ecosystem For USD1 Stablecoin Expansion

Ronaldo Marquez 6 days ago

DeFi巨鯨掃HYPE攻上44美元新高 Solaxy成今年最佳新幣預售破5,000萬

Peter Chow 2 weeks ago

Premium Sponsors

Press Releases

  • Cryptocurrency is the best way to get rich quickly, easily...

    3 hours ago
  • XRP Cryptocurrency × Dogecoin Mining: HASHJ launches...

    10 hours ago
  • Koja kriptovaluta ima veći potencijal za stvaranje milijunaša XRP ili Shiba Inu

    Koja kriptovaluta ima veći potencijal za stvaranje...

    14 hours ago
  • 3 altcoina koje vrijedi pratiti u prvom tjednu srpnja 2025

    15 hours ago
  • XRP Bulls Are Soaring — FINDMINING Rides the Wave to...

    21 hours ago

Newsletter

Be the first to get the latest important crypto news & events to your inbox.

  • This field is for validation purposes and should be left unchanged.

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.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Company

  • About Us
  • Advertising
  • Contact Us
  • Privacy Center

Social

© 2025 NewsBTC. All Rights Reserved.

  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play Games
  • Casinos
Advertise

© 2025 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.