Top 3 DeFi Tokens in Terms of Volume in Last 24 Hours: LUNA, AVAX, and FTM
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- LUNA plunged to a one-month low of $43.49 on January 31st.
- Avalanche claims to be the blockchain industry’s quickest smart contract platform.
Let us look at the top 3 DeFi tokens in terms of volume in the last 24 hours.
Terra (LUNA)
A blockchain technology, Terra employs fiat-pegged stablecoins to support global payment networks that are price stable. According to its white paper, with Terra, users have the stability of fiat currencies with the censorship-resistant features of Bitcoin (BTC) and rapid, low-cost payments.
Terra’s native token, LUNA, stabilizes Stablecoin prices. Holders of LUNA may also propose and vote on governance ideas, making LUNA a governance token in the traditional sense. Since plunging to a one-month low of $43.49 on January 31st, Terra’s (LUNA) share price has steadily increased.
According to CoinMarketCap, the Terra price today is $55.71 USD with a 24-hour trading volume of $1,513,441,763 USD.
Read More: Terra Price Prediction
Avalanche (AVAX)
In terms of time-to-finality, Avalanche is the blockchain industry’s quickest smart contract platform. Avalanche is lightning fast, inexpensive, and environmentally friendly. Using Avalanche as a deployment platform, any smart contract-enabled application could outperform the competition.
AVAX is Avalanche’s native token. Staking is used to protect the platform by providing a basic unit of account amongst the many subnets on Avalanche and to pay fees. According to CoinMarketCap, the Avalanche price today is $77.34 USD with a 24-hour trading volume of $600,545,837 USD.
Read More: Avalanche Price Prediction
Fantom (FTM)
Smart contract platform Fantom provides DeFi services to developers using a proprietary consensus algorithm developed by Fantom. It attempts to overcome the issues associated with smart contract platforms, such as transaction speed, which developers claim they have lowered to less than two seconds using their in-house token FTM.
According to CoinMarketCap, the Fantom price today is $2.10 USD with a 24-hour trading volume of $595,772,112 USD.
Read More: Fantom Price Prediction
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