Six decentralized finance (DeFi) assets are surging at breakneck speed after more than doubling their value in just seven days.
Leading the pack is 88mph (MPH), a protocol that allows users to lock in a fixed-rate interest on their crypto assets.
MPH soared 291.6% in a week. Yesterday alone, the DeFi platform erupted to its all-time high of $189.68 after popular trader and crypto influencer Elliot Wainman put the token in front of his 189,000 YouTube subscribers.
MPH has since corrected from that high and is currently trading at $150.96 according to CoinGecko.
Another coin that’s printing gains at a blistering pace is Rari Governance Token (RGT). The token powers Rari Capital, a DeFi protocol that aims to deliver the best yield to users based on their risk appetite. Users can deposit on three pools that enable them to generate yields based on various protocols and strategies.
In the same time frame, RGT’s value increased by 198.5%. The coin is currently at $1.71.
The next coin that grew its valuation by over 2x is Perpetual Protocol (PERP). The decentralized perpetual contract trading platform allows users to place long or short bets with leverage of up to 20x on assets such as Bitcoin (BTC), Ethereum (ETH), gold, and crude oil.
CoinGecko shows that PERP increased 141.3% in seven days. The value of the DeFi asset currently stands at $4.89, down 11.8% in the last 24 hours.
Curve DAO Token (CRV) is another coin that more than doubled its value after printing gains of 122% over the same stretch. CRV is the governance token behind Curve, a decentralized exchange that allows users to trade stablecoins with low fees and slippage.
CRV is currently trading at $1.35, down 11.4% in the last day.
Decentralized application Cream Finance (CREAM) joins the list with gains of 121.6%. CREAM is a multipurpose DeFi protocol that enables users to borrow, lend, exchange, and stake tokens to earn rewards.
CREAM is valued at $161.78, down 18% in the last 24 hours.
Badger DAO (BADGER) closes out the list after skyrocketing 104.5% in one week. The decentralized autonomous organization (DAO) builds products and infrastructure designed to accelerate the use of Bitcoin as collateral across all DeFi platforms.
BADGER trades at 14.95%, down by 5.7% on the day.Don't Miss a Beat – Subscribe to get crypto email alerts delivered directly to your inbox
Follow us on Twitter, Facebook and Telegram
Surf The Daily Hodl Mix
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Featured Image: Shutterstock/Sergey Nivens