There are many coins and tokens that have performed well in the last 24 hours, and it seems that DeFI tokens in particular have been showing some strength, with a large degree of growth being conferred to a mixture of governance tokens such as UNI and CRV.
UNI rises as the DAO votes to create The Uniswap Foundation
Earlier this month, token holders of UNI decided that they would vote to improve upon the ecosystem by creating the Uniswap Foundation.
The goal of the Uniswap Foundation is to be an "independent" organisation that focuses on the best ways to improve upon and develop Uniswap going forward.
In order to create the foundation, a group of respected community members submitted a proposal to the DAO and made their case for why and how the foundation should be endowed with tokens from UNI going forward.
Helium migrates to Solana
Both HNT and SOL were amongst the top performers today, which makes sense since they are both recently riding a wave of hype after it was announced that Helium would be moving HNT over to the Solana blockchain, along with all their services.
They chose to do this because they believed that the Solana blockchain was more scalable than their own, and because (despite Solana's many outages) they believe that it will offer them better security than their own chain.
EOS also makes gains
Another ecosystem that has been benefitting as of late is the EOS ecosystem, which has come under a lot of fire for producing nothing more than vapourware.
Despite this, there has been a significant uptick in the price and volatility of the price of EOS over the last 24 hours, especially when compared with the preceding week
Pancakeswap exploring adding Ethereum support
Until now, the largest decentralised exchange on BINANCE Smart Chain has only existed on one chain, but they are now looking at expanding their ecosystem to also cater for Ethereum users, in a move that they hope will attract more liquidity for their users.
As the cryptocurrency industry matures, it shouldn't come as a surprise that there will always be more competition for more liquidity - this is one of the reasons that the CRV price has also risen, since CRV directly benefits from the greater liquidity that there is in the DeFi ecosystem, as it is a project that is focused on providing yield to liquidity providers.
