Terra, Avalanche and Osmosis lead the L1 recovery while Bitcoin searches for support
LUNA, AVAX and OSMO have outperformed most altcoins, hinting that a DeFi revival could be in store.
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LUNA, AVAX and OSMO have outperformed most altcoins, hinting that a DeFi revival could be in store.
Investors are often lured to DeFi by the four-digit APYs on offer, but in many instances, impermanent loss actually siphons away any potential profits investors might have accrued.
Traders continue to sell the top of each rally, resulting in a sharp pullback in Bitcoin price and several major altcoins.
Data shows that there are currently 226,325 stakers accounting for $29.5 billion worth of locked up LUNA which has propelled the network into second place for staked value.
ANC price risks becoming overheated, however, after a major rally.
Bitcoin appears to be losing momentum and altcoins are stalling, but the fact that bulls are holding key support levels could signal that the rally will continue after a brief…
RUNE and its entire ecosystem is showing a few bullish signs, resulting in a 74% rally ahead of a long-awaited mainnet launch and recent integration with Terra.
The token burn appears as the supply of UST, Terra's stablecoin, rises by nearly 14.75% in the month.