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                    Contents
                    <ul class="article__contents-list"><li class="article__contents-item"><a class="article__contents-link link-pseudo" href="#h20">DeFi assets skyrocket amidst boring market</a></li><li class="article__contents-item"><a class="article__contents-link link-pseudo" href="#h31">Has altcoin season begun?</a></li></ul>
                
                  
    
                    



                  
    
                    



                
              According to one&nbsp;analyst, Aave Protocol Token (LEND) and Synthetix Network Token (SNX), with their triple-digit gains, surpassed all competitors by a wide margin.

DeFi assets skyrocket amidst boring market

In the snapshot of actual market performance <a rel="nofollow" target="_blank" href="https://twitter.com/zhusu/status/1280711945151078406">shared</a> by Mr. Zhu, the native assets segment of decentralized financial applications looks like the undisputed champion.
<em>Image via <a rel="nofollow" target="_blank" href="https://twitter.com/zhusu/status/1280711945151078406">Twitter</a></em>
Six DeFi coins: Ren (REN), Kyber Network Crystals (KNC), Bancor Network Token (BNT), Thorchain (RUNE),&nbsp;Aave Protocol Token (LEND), and Synthetix Network Token (SNX) showcased triple-digit gains while ZRX, Kava (KAVA), and Augur Protocol (REPV1) gained between 26% and 36% in a single month.

At the same time, Maker (MKR) plunged almost 16%. The paltry performance of Compound Protocol Token (COMP) may appear&nbsp;surprising: the loudest newsmaker in&nbsp;previous weeks ended the period with zero gains.
                
                  
    
                        Ads




                  
    
                        Ads




                
              

The only asset outside of the DeFi realm that pumped in more than&nbsp;100% was VeChain Token (VET), the native coin of the pioneering product for real-world use of crypto.

To compare, flagship cryptocurrency and all its significant forks have lost between 3% and 5%. Also, DeFi's rally is failing to boost the price of Ethereum (ETH), the nucleus asset of decentralized finances. Ether's price lost 1% in the past 30 days.

Has altcoin season begun?

Mr. Zhu outlines that some Layer1 altcoins (associated with their own blockchains) have started double-digit pumps in the last 24 hours. Cardano (ADA) and Solana (SOL) are vivid examples.

Also, this observation is valid for the "TikTok pump"&nbsp;of the semi-ironic old-school project Dogecoin (DOGE). DOGE surged 58% in the&nbsp;day prior to the snapshot.

<a rel="nofollow" target="_blank" href=" #">card</a>

Coin dispersion remains bimodal, Mr. Zhu concludes: the coin either pumps 50+% or sees a boring flat.
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                    Contents
                    <ul class="article__contents-list"><li class="article__contents-item"><a class="article__contents-link link-pseudo" href="#h20">DeFi assets skyrocket amidst boring market</a></li><li class="article__contents-item"><a class="article__contents-link link-pseudo" href="#h31">Has altcoin season begun?</a></li></ul>
                
                  
    
                    



                  
    
                    



                
              According to one&nbsp;analyst, Aave Protocol Token (LEND) and Synthetix Network Token (SNX), with their triple-digit gains, surpassed all competitors by a wide margin.

DeFi assets skyrocket amidst boring market

In the snapshot of actual market performance <a rel="nofollow" target="_blank" href="https://twitter.com/zhusu/status/1280711945151078406">shared</a> by Mr. Zhu, the native assets segment of decentralized financial applications looks like the undisputed champion.
<em>Image via <a rel="nofollow" target="_blank" href="https://twitter.com/zhusu/status/1280711945151078406">Twitter</a></em>
Six DeFi coins: Ren (REN), Kyber Network Crystals (KNC), Bancor Network Token (BNT), Thorchain (RUNE),&nbsp;Aave Protocol Token (LEND), and Synthetix Network Token (SNX) showcased triple-digit gains while ZRX, Kava (KAVA), and Augur Protocol (REPV1) gained between 26% and 36% in a single month.

At the same time, Maker (MKR) plunged almost 16%. The paltry performance of Compound Protocol Token (COMP) may appear&nbsp;surprising: the loudest newsmaker in&nbsp;previous weeks ended the period with zero gains.
                
                  
    
                        Ads




                  
    
                        Ads




                
              

The only asset outside of the DeFi realm that pumped in more than&nbsp;100% was VeChain Token (VET), the native coin of the pioneering product for real-world use of crypto.

To compare, flagship cryptocurrency and all its significant forks have lost between 3% and 5%. Also, DeFi's rally is failing to boost the price of Ethereum (ETH), the nucleus asset of decentralized finances. Ether's price lost 1% in the past 30 days.

Has altcoin season begun?

Mr. Zhu outlines that some Layer1 altcoins (associated with their own blockchains) have started double-digit pumps in the last 24 hours. Cardano (ADA) and Solana (SOL) are vivid examples.

Also, this observation is valid for the "TikTok pump"&nbsp;of the semi-ironic old-school project Dogecoin (DOGE). DOGE surged 58% in the&nbsp;day prior to the snapshot.

<a rel="nofollow" target="_blank" href=" #">card</a>

Coin dispersion remains bimodal, Mr. Zhu concludes: the coin either pumps 50+% or sees a boring flat.
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Drupal\Core\Render\Renderer->render(Array, ) (Line: 242)
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Drupal\Core\Render\Renderer->executeInRenderContext(Object, Object) (Line: 243)
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Drupal\Core\Render\MainContent\HtmlRenderer->renderResponse(Array, Object, Object) (Line: 90)
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Aave Protocol (LEND) and Synthetix (SNX) Top Performers for Past 30 Days, Bitcoin (BTC) and Ethereum (ETH) Flat: Coingecko Analysts

Wed, 07/08/2020 - 11:06
article image
Vladislav Sopov
Investor Su Zhu, CEO and CIO of Three Arrows Capital and co-author of Deribit Insights, reviewed the market snapshot by the Coingecko analytical team
Aave Protocol (LEND) and Synthetix (SNX) Top Performers for Past 30 Days, Bitcoin (BTC) and Ethereum (ETH) Flat: Coingecko Analysts
Cover image via stock.adobe.com
Read U.TODAY on
Google News
Contents

According to one analyst, Aave Protocol Token (LEND) and Synthetix Network Token (SNX), with their triple-digit gains, surpassed all competitors by a wide margin.

DeFi assets skyrocket amidst boring market

In the snapshot of actual market performance shared by Mr. Zhu, the native assets segment of decentralized financial applications looks like the undisputed champion.

Su Zhu comments on Coingecko market snapshot
Image via Twitter

Six DeFi coins: Ren (REN), Kyber Network Crystals (KNC), Bancor Network Token (BNT), Thorchain (RUNE), Aave Protocol Token (LEND), and Synthetix Network Token (SNX) showcased triple-digit gains while ZRX, Kava (KAVA), and Augur Protocol (REPV1) gained between 26% and 36% in a single month.

At the same time, Maker (MKR) plunged almost 16%. The paltry performance of Compound Protocol Token (COMP) may appear surprising: the loudest newsmaker in previous weeks ended the period with zero gains.

The only asset outside of the DeFi realm that pumped in more than 100% was VeChain Token (VET), the native coin of the pioneering product for real-world use of crypto.

To compare, flagship cryptocurrency and all its significant forks have lost between 3% and 5%. Also, DeFi's rally is failing to boost the price of Ethereum (ETH), the nucleus asset of decentralized finances. Ether's price lost 1% in the past 30 days.

Has altcoin season begun?

Mr. Zhu outlines that some Layer1 altcoins (associated with their own blockchains) have started double-digit pumps in the last 24 hours. Cardano (ADA) and Solana (SOL) are vivid examples.

Also, this observation is valid for the "TikTok pump" of the semi-ironic old-school project Dogecoin (DOGE). DOGE surged 58% in the day prior to the snapshot.

card

Coin dispersion remains bimodal, Mr. Zhu concludes: the coin either pumps 50+% or sees a boring flat.

article image
About the author
Vladislav Sopov

Blockchain Analyst & Writer with scientific background. 6+ years in IT-analytics, 3+ years in blockchain.

Worked in independent analysis as well as in start-ups (Swap.online, Monoreto, Attic Lab etc.)

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