DeFi, metaverse, and game tokens weather the storm as the crypto market bleeds
The crypto market has been in the red in the past week and major cryptocurrencies including Bitcoin (BTC) and Ethereum (ETH) plunged to their lowest in weeks.
Bitcoin (BTC), for example, has dropped from about $68k to about $57 and Ethereum (ETH) has dropped from about $4,800 to about $4k.
But while the market went down, the decentralized finance (DeFi) economy seemed to weather the storm better than most of the coins. The total crypto market cap in DeFi has increased by about 3.5% to about $144.10 billion in the last 24 hours.
Best performing DeFi tokens
The best performing DeFi tokens in the last seven days are MOBOX (MBOX), IDEX (IDEX), Liquidity (LQTY), and Chromia (CHR). MBOX is up 61%, IDEX is up 22%, LQTY is up 19% and CHR is up 14% in the last 24 hours.
The best performing DeFi tokens in the last 24 hours MOBOX (MBOX), IDEX (IDEX), Liquity (LQTY), Chromia (CHR), PEAKDEFI (PEAK), Maker (MKR), and yearn.finance (YFI). The best gainer in the last 24 hours is MBOX that has risen by 47% and the second-largest gainer is LQTY registering a 45% rise.
Best performing Metaverse tokens
Metaverse Tokens have also performed well and weathered the current crypto bearish trend. In the past 24 hours, the total market cap of metaverse tokens increased by about 2% to about $35 billion.
The best metaverse token performers in the last 24 hours include Decentraland (MANA) that has risen by more than 11%, The sandbox (SAND) that has risen by more than 32%, Yield Guild Games (YGG) that has risen by 22%, and GameFi (GAFI) that has risen by about 16%.