Even as Dogecoin DOGE/USD and Shiba Inu SHIB/USD dropped 8.2% and 9.7%, respectively, for the week, decentralized finance (DeFi) coins soared as the market entered 2022. Here are the five biggest gainers of last week.
Yearn.finance (YFI): The token linked to an aggregator service for DeFi investors has soared 31.5% in the last seven days. YFI touched an all-time high of $93,435.53 in May.
On Christmas Day, the project said it got a 1 million Fanton (FTM) grant from the Fantom foundation. The project expects more grants to come as it hits total value-locked goals.
XDC Network (XDC): The token linked to a smart contract protocol made up of public and private network states has shot up 23.3% in the past seven days. XDC touched an all-time high of $0.19 in August.
Last month, the XDC network recovered after suffering a panic interface conversion error.
At the end of the month, the project said it had identified an Ethereum bug, patched it, and resynchronized nodes.
SushiSwap (SUSHI): The token linked with the automated market maker that emerged as a fork of Uniswap (UNI) has risen 14.2% over the last week. SUSHI touched an all-time high of $23.38 in March.
At December-end, OpenDAO, an NFT community, said it transferred 10 trillion SOS tokens or 10% of the existing circulation into a reward distribution contract for Sushi.
Oasis Network (ROSE): The coin of the privacy-focused layer 1 blockchain built for open finance appreciated 9.5% over the previous seven days. ROSE touched an all-time high of $0.46 in November.
Last week, the project said it was launching 2022 Oasis Content Games with a prize pool of 10,500 ROSE.
Nexo (NEXO): The coin of the blockchain-based lending platform has gained 9.5% over the last seven days. NEXO rose to an all-time high of $4.63 in November.
Nexo is holding a $25 BTC referral promo. The promotion also encompasses a $100,000 prize pool for platinum users.
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