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: ‘Crypto Week’ Takes A Hit: US House Fails To Advance Key Acts
  • 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: ‘Crypto Week’ Takes A Hit: US House Fails To Advance Key Acts

UMA, Maker, Uniswap Surge Up to 22%: What’s Causing the DeFi Recovery?

Joseph Young
Joseph Young
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.

Major DeFi tokens, including UMA, Maker, and Uniswap have surged up to 22% in the past 24 hours. The decentralized finance (DeFi) market has generally rebounded following a sustained pullback.

There are two main reasons behind the short-term recovery of major DeFi tokens. First, most DeFi tokens were heavily sold since September, causing most to show oversold signs. Second, the overall user activity in the DeFi market remains relatively high in spite of the marketwide correction.

UMA, Maker, and Uniswap: DeFi Giants Rebound First

In the past two days, the price of Bitcoin has increased from $11,255 to $11,500, by over 2%. The slight upsurge of BTC buoyed the overall momentum of the cryptocurrency market in a short period.

Consequently, DeFi tokens, which had continuously slumped from September to mid-October, recovered strongly.

UMA, Maker, and Uniswap are the 4th, 5th, and 6th biggest DeFi tokens in the cryptocurrency market. Although smaller DeFi tokens are lagging behind, large-cap DeFi tokens have restored some momentum.

uniswap uma maker

The 1-hour price chart of Uniswap (UNI). Source: UNIUSDT on TradingView.com

Atop various technical indicators that demonstrate the oversold nature of DeFi tokens, fundamentals also suggest a resilient market.

According to the data from intotheblock, a blockchain analytics firm, Compound Finance alone has $1.12 billion in active loans. The highest paying lending pool on Compound is UNI, the native token of Uniswap.

“Compound Finance leads the way in the total value in active loans in lending protocols. The protocol currently has a total of $1.12 billion in active loans. At the moment, lending $UNI in #Compound pays a rate of 13.56%,” intotheblock researchers wrote.

Users in the DeFi market remain active following the steep pullback of major DeFi tokens. UMA, Maker, Uniswap, and other DeFi darlings, such as Yearn.finance (YFI) faced prolonged slumps since early September.

Yet, the total value locked across DeFi protocols is reaching for an all-time high. The revenues of top DeFi projects also remain near previously seen levels last month.

DeFi Market’s User Activity is Still High

Defipulse.com shows that the total value locked in DeFi has exceeded $11.2 billion. It has achieved a new all-time high, depicting the continuous growth of the DeFi space.

On August 1, the total value locked in DeFi just hovered above $4 billion. It has increased by nearly three-fold within a three-month span.

In the upcoming weeks, technical analysts foresee recovery across the DeFi market.

Michael van de Poppe, a full-time trader at the Amsterdam Stock Exchange, said the outlook of YFI and Uniswap remains optimistic.

“Looking ready for continuation upwards, the same goes for $UNI. Would be nice to have some short-term relief on the markets in which upper resistance levels can receive a test. Likely case for those surges to occur coming weeks,” he said.

Tweet123Share196ShareSend
Joseph Young
Joseph Young

Joseph Young

Joseph is a web developer and designer, writer and a passionate musician who loves to travel often. He's worked as a researcher for a number of venture capital firms and as a freelancer designer for resorts and corporations in Korea and the Philippines.

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

Bitcoin

This Analyst Predicted Bitcoin’s Rally To $120,000 Months Ago, Here’s The Rest Of The Forecast

A crypto analyst who accurately predicted the Bitcoin (BTC) price surge to $120,000 months ago has returned with a bold...

Scott Matherson 5 hours ago
Chainlink

Chainlink Bullish Trigger: Why $16 Holds The Key To The Next Rally

Sharing his latest outlook, CRYPTOWZRD revealed that Chainlink closed indecisively, suggesting the market is still weighing its next move. According...

Godspower Owie 7 hours ago
Ethereum

Ethereum Forms ‘Pure Cup And Handle’ Pattern After Hitting $3,000, Analysts Set New Targets

Ethereum’s price action in the past seven days has seen it finally touch the $3,000 resistance zone for the first...

Scott Matherson 8 hours 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

Google AI預測2025年山寨幣千倍幣:XRP、Pi幣與Snorter強勢爆發

Mark Mak 4 hours ago

TOKEN6900已募資突破53萬美元 達成硬頂10%

estherw 4 hours ago
Bitcoin

If You’re Wealthy, 1 Bitcoin Should Already Be In Your Wallet, Expert Says

Christian Encila 4 hours ago

Premium Sponsors

Press Releases

  • e 3 coiny poniżej 1 dolara mogą zamienić 200 dolarów w...

    8 hours ago
  • ミームコインの価格急騰が続く中、注目の仮想通貨プレセールが50万ドルを突破し、次の100倍コインになる可能性がある。

    ...

    14 hours ago
  • 仮想通貨おすすめ|ビットコイン強気派の一休み中に買うべき銘柄

    ...

    14 hours ago
  • 2025年注目の新しい仮想通貨|Solana発 次世代ミームコインが投資家の期待を集める

    2025年注目の新しい仮想通貨|Solana発...

    15 hours ago
  • 2025年7月第2週にクジラが購入した注目のアルトコイン

    ...

    15 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.