Layer-1 Token Surges 30% In Weekly Gains Ahead Of Upcoming Upgrade: Outperforms Bitcoin, Ethereum

Layer-1 blockchain Kava’s native token KAVA KAVA/USD surged 30% in the last seven days, outperforming the top 100 cryptocurrencies by market capitalization, including apex crypto Bitcoin BTC/USD and Ethereum ETH/USD.

Cryptocurrency Gains (+/-) Price (12:00 a.m. EST)
Kava  +30% $1.03
UNUS SED LEO +17.56% $3.93
Aptos +5% $11.77
Curve DAO Token +3.73% $0.95
Pax Gold +3.58% $1,922

What Happened:  KAVA, on Sunday, made a major leap, surpassing Solana SOL/USD in total value locked. With the upcoming release of Kava 13, users will gain capabilities in protocol onboarding and scalability on Kava EVM. 

UNUS SED LEO LEO/USD is the second top weekly performer. Over the past week, LEO has experienced a surge of 17%. This surge can be attributed to the announcement that Hive creators will be leveraging LEO to create decentralized polls on the Hive blockchain.

See Also: Top Indian Apps That Give Bitcoin, NFT Rewards

The third on the list is Aptos, posting 5% in weekly gains after launching its non-fungible token bridge on Wormhole.

Some other popular coins are experiencing gains in weekly charts, including Curve DAO Token CRV/USD up 3.73% and  PAX Gold (PAXG) spiked 3.58%, according to the data from CoinMarketcap. 

Price Action: BTC was trading at $22,342, down 0.24% in the last seven days. ETH was up 2.18%, trading at $1,596,  according to Benzinga Pro data.

Read Next: Bitcoin Jumps To $22K, Ethereum, Dogecoin Rally As Team Biden Cushions SVB Blow: Analyst Sees Apex Crypto At $25K If It Breaks This Level

Market News and Data brought to you by Benzinga APIs
Posted In: CryptocurrencyNewsMarketsKavaLEO token
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!