Why Decentralized Finance Tokens Are Skyrocketing Today
Decentralized finance tokens such as Solana (CRYPTO: SOL), Uniswap (CRYPTO: UNI), Chainlink (CRYPTO: LINK), and Polkadot (CRYPTO: DOT) are having a euphoric day. They are up 16.25%, 10.61%, 8.61%, and 20.07%, respectively, in the past 24 hours, to $119.62, $28.57, $26.78, and $29.68 apiece as of 10:30 a.m. EDT. Major developments are coming to these DeFi networks that are solidly backed by fundamentals.
Investors have a lot of expectations for Solana, which is announcing a mysterious ignition event today. Users speculate that this will either be a token burn event similar to stock buybacks or a major infrastructure upgrade. Solana is a popular hub for creating DeFi infrastructure.
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Source Fool.com
