Overview of DeFi tokens, LEND and ZRX have the most holders, CVP has the best performance

Overview of DeFi tokens, LEND and ZRX have the most holders, CVP has the best performance

The market capitalization of DeFi tokens is holding above $ 14B and we bring you a brief overview of the last 7 days.


30 Oct 2020 , 13:44 @ Thomas Alford

Overview of DeFi tokens, LEND and ZRX have the most holders, CVP has the best performance

The market capitalization of DeFi tokens is holding above $ 14B and we bring you a brief overview of the last 7 days.

We currently register almost 1,300 tokens on the DeFi market, and together with Coin98 Analytics, we will look at the most performing and popular among the holders.

In the last 7 days, the most powerful DeFi tokens include the following:

In the TOP 3, the first place took CVP (PowerPool), a solution for accumulating governance power in Ethereum-based protocols by pooling tokens” with 56.9%. The CVP token is “a core element of PowerPool’s incentive design. It was created with the aim of ensuring the stable operation of meta-governance model, to bootstrap user adoption of the protocol, attract liquidity, and grow the number of governed protocols.

The second place belongs to the LIEN project with 40.4%, the protocol for creating options and stablecoins out of ETH. The Lien Token (LIEN) is a utility token that the holders can use to receive discounts on the protocol fees that are required when transacting on the Lien Protocol and FairSwap.

The third place went to the CRV (Curve) project with 36.2%, a decentralized exchange for stablecoins. Curve was launched in January 2020, and in august, Curve launched a decentralized autonomous organization (DAO), with CRV as its in-house token.

Other places were occupied by tokens such as MLN, BZRX, COMP, TRB, AMPL, RSR and HGET.

But let’s also look at DeFi tokens, which are the most popular among hodlers:

The first place was taken by LEND (Aave), a decentralized finance protocol that allows people to lend and borrow crypto with market cap 152,775. Lenders earn interest by depositing digital assets into specially created liquidity pools and borrowers can then use their crypto as collateral to take out a flash loan using this liquidity.

Just behind LEND, is ZRX (0x), an infrastructure protocol that allows users to easily trade ERC20 tokens and other assets on the Ethereum blockchain without relying on centralized intermediaries like traditional cryptocurrency exchanges with market cap 151,734. The protocol is powered by an ERC20 utility token known as ZRX.

In the third place is with a significantly lower market cap but still popular token UNI (UNISWAP), a decentralized trading protocol, known for its role in facilitating automated trading of decentralized finance (DeFi) tokens with 89,213 market cap. UNI is an in-house governance token. 

As for Total Value Locked (USD) in DeFi, we are currently witnessing a small correction when TVL dropped from a ATH of $ 12.4B (26.10) to $ 10.8B today.

Read also: Total Market Capitalization of cryptocurrencies has increased by ~185% since the March market crash

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    Thomas Alford

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