Top 3 DeFi Crypto by Volume: AVAX, LUNA, LINK

  • Venus Protocol launched the LUNA and UST markets on March 22nd.
  • LINK’s active address also experienced a rise.

Let us take a look at the top 3 DeFi cryptocurrencies by volume.

Avalanche (AVAX)

Web3 developers center of excellence the Avalanche blockchain and smart contract platform has been bolstered by a new set of tools on Coinbase Cloud. The new Coinbase Cloud operates an Avalanche (AVAX) public validator node as part of the latest support features. Using Coinbase Cloud, users may put up their AVAX tokens as a deposit and delegate authority for authenticating blockchain transactions.

According to CoinMarketCap, the Avalanche price today is $85.39 USD with a 24-hour trading volume of $1,571,081,147 USD. 

Terra (LUNA)

Venus Protocol launched the LUNA and UST markets on March 22nd. The Venus protocol community has just made a choice on governance, and this statement is in response to that. Even though these marketplaces are so nascent, the Terra network and Venus protocol will benefit significantly.

According to CoinMarketCap, the Terra price today is $92.63 USD with a 24-hour trading volume of $1,464,682,358 USD.

Chainlink (LINK)

Over the last year, Chainlink, the “de facto decentralized data provider” for smart contracts, has grown dramatically. Because of this, TVL has increased significantly during the last year. From $7 billion in early 2021 to roughly $58 billion in March 2022. Crypto exchange Coinbase published a report this month showing a growth of more than 800 percent.

Additionally, in 2022, there was a tremendous increase in development. According to Santiment’s statistics, it even stabilized around the 43-level mark. LINK’s active address also experienced a rise, contributing to the 24 percent rise in LINK’s price. According to CoinMarketCap, the Chainlink price today is $15.37 USD with a 24-hour trading volume of $594,657,180 USD.