DeFis Explosive Rise: AAVE, COMP, Kava Outshine BTC!

By Lola Coin Jun 27, 202376Views

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Decentralized finance (DeFi) projects have experienced significant growth in the past week, surpassing the bullish price action of Bitcoin. However, some of these altcoins started to retrace on Monday. Aave, a lending and borrowing DeFi protocol, has seen a 27% increase in the past seven days but a 1.6% decrease in the past 24 hours. Kava, an interoperable blockchain and DeFi platform, has risen by over 24% in the past week but has declined by 4.6% in the past day. Compound, a decentralized lending platform, has jumped by more than 41% in the past seven days. In contrast, Bitcoin has increased by over 13% in the past week. Despite the strong performance of DeFi projects, some analysts remain bearish and predict a significant decline in the value of altcoins.

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