June 3, 2023

DeFi Overshining Meme Coins Theme Heading Into 2022: These Coins Struck Biggest Gains Past Week – Dogecoin – United States Dollar ($DOGE)

Even as Dogecoin (CRYPTO: DOGE) and Shiba Inu (CRYPTO: SHIB) dropped 8.2% and 9.7%, respectively, for the week, decentralized finance (DeFi) coins soared as the market entered 2022. Here are the five biggest gainers of last week.

Yearn.finance (YFI): The token linked to an aggregator service for DeFi investors has soared 31.5% in the last seven days. YFI touched an all-time high of $93,435.53 in May.

On Christmas Day, the project said it got a 1 million Fanton (FTM) grant from the Fantom foundation. The project expects more grants to come as it hits total value-locked goals. 

XDC Network (XDC): The token linked to a smart contract protocol made up of public and private network states has shot up 23.3% in the past seven days. XDC touched an all-time high of $0.19 in August.

Last month, the XDC network recovered after suffering a panic interface conversion error. 

At the end of the month, the project said it had identified an Ethereum bug, patched it, and resynchronized nodes. 

SushiSwap (SUSHI): The token linked with the automated market maker that emerged as a fork of Uniswap (UNI) has risen 14.2% over the last week. SUSHI touched an all-time high of $23.38 in March.

At December-end, OpenDAO, an NFT community, said it transferred 10 trillion SOS tokens or 10% of the existing circulation into a reward distribution contract for Sushi.

Oasis Network (ROSE): The coin of the privacy-focused layer 1 blockchain built for open finance appreciated 9.5% over the previous seven days. ROSE touched an all-time high of $0.46 in November.

Last week, the project said it was launching 2022 Oasis Content Games with a prize pool of 10,500 ROSE. 

Nexo (NEXO): The coin of the blockchain-based lending platform has gained 9.5% over the last seven days. NEXO rose to an all-time high of $4.63 in November.


Nexo is holding a $25 BTC referral promo. The promotion also encompasses a $100,000 prize pool for platinum users. 

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