Top DeFi Gainers: Request Network (REQ), pTokens (pBTC), and Compound Basic Attention Token (CBAT)
DailyCoin
Published Nov 29, 2021 02:36AM ET
Updated Nov 29, 2021 03:01AM ET
Top DeFi Gainers: Request Network (REQ), pTokens (pBTC), and Compound Basic Attention Token (CBAT)
While the crypto market is experiencing a very rough patch, metaverse platforms have been enjoying substantial growth due to the growing interest from companies and venture capitalists in building the future.
Despite the newfound dominance of metaverse platforms, some defi protocols have emerged as the best-performing projects on Friday, November 25.
One of the top gainers is the Ethereum-based decentralized payment system, Request Network (REQ), gaining 190% in 24 hours. In the last five days, the price of REQ has risen by more than 310%.
At its highest point, REQ set a 90 day high of $1.02. At the time of this writing, REQ has settled at $0.82378.
The five days price chart of Request Network (REQ). Source: Tradingview
Copy of Bitcoin, which allows BTC to be used on the Ethereum network pTokens (PBTC), doubled its price in hours. Gaining 100%, the price of PBTC went from $28,045.34 to $58,075. At the time of this writing, PBTC now trades at $52,394.91.
The seven days price chart of pTokens (REQ). Source: Coinmarketcap
The third top-performing DeFi protocol for November 25 is Compound Basic Attention Token (CBAT) – an autonomous interest rate protocol.
In 24 hours, CBAT raked in gains of more than 65%, pushing its price up from $0.02311 to its new all-time high of $0.03819. CBAT has corrected sharply, and now trades at $0.02777
The seven days price chart of Compound Basic Attention Token (CBAT). Source: Coinmarketcap
On The Flipside
- Despite rallying by more than 60%, the price of CBAT is down by 26.5% from its just recorded ATH
Why You Should Care?
Individual crypto sectors are rallying now, showing a decline in the dominance of Bitcoin over the trend of the crypto market
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Written By: DailyCoin
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