Compound, Convex Finance Dominate DeFi Market as Prices Surge
The DeFi market is dominated by Compound (COMP) and Convex Finance (CVX), holding the top two spots in terms of market capitalization. COMP's price has seen a 22.6% increase over the past week, while CVX has surged 35.4%. The third largest asset is Zebec Network (ZBCN), with a 25.5% gain.
The prices of several other DeFi assets have also experienced significant fluctuations. Telcoin (TELT) and Ethereum's Lido Earn ETH (EARNETHLIDO) have seen increases of 24.7% and 0.3%, respectively, while Frax Ether (FRXETH) has dropped by 16.83%. Other notable changes include a 21.86% decline in the price of Ethnea Staked ENA (SENA)
The market capitalization of DeFi assets is substantial, with several coins surpassing $100 million. COMP and CVX lead this group, followed closely by Compound's rival, Convex Finance's competitor Zebec Network.