Crypto

DeFi Market Fluctuations: Kernel DAO Leads Gains, Some Assets Plummet

Guavy AI Editorial Team Published August 23, 2026

Instruments

USDC DAI DAO

The DeFi market saw significant fluctuations in prices and trading volumes over the past week. The top-gaining asset was Kernel DAO (KERNEL), which rose by 14.41% to $0.038073. On the other hand, some assets like QIE Blockchain (QIE) and USUALx (USUALX) declined by 29.09% and 23.06%, respectively.

The market capitalization of DeFi tokens also saw changes, with some assets experiencing significant drops. For instance, Compound USDC (CUSDC) fell by 0.02% to $0.02531, while cDAI (CDAI) dropped by 0.07% to $0.025084.

Among the top-gaining tokens, Ellipsis (1103EPSEllipsis [OLD]) rose by 20.24% to $0.01550, followed closely by WorldAssets (WORLD-ASSETS…ETS) which increased by 1.37% to $0.081389.

The trading volume of some assets also saw significant changes. For example, QIE Blockchain (QIE) experienced a 29.09% drop in its market capitalization but saw a 26.51% increase in its trading volume.

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