The new DeFi project, Gnox, will likely outperform other DeFi cryptos such as Uniswap and Aave. Gnox’s price has surged by more than 60% while other cryptos have lagged behind. Its crypto market dominance has also increased, currently sitting at the top highly anticipated DeFi crypto launch. This is good news for crypto investors as the new crypto continues to show its strength.
Uniswap (UNI)
According to CoinMarketCap data, Uni, the native token of the decentralized crypto exchange Uniswap, increased by more than 14% intraday on Thursday.
The cryptocurrency was trading at $8.16, its lowest level in the previous 24 hours, before rising to $9.32. The coin gained 14.21% in one day.
Uniswap token is now the fifteenth most valuable cryptocurrency as per market capitalization. It rose 9.07 percent over the last 24 hours.
Aave (AAVE)
The AAVE community has chosen to create a new stablecoin, GHO, which is pegged to the US dollar. According to the on-chain data analytics portal IntoTheBlock, user activity on the Aave protocol has achieved a yearly high.
The AAVE token also set a new high for the year, rising 114 percent from its low. The token, on the other hand, has yet to achieve 2021 figures and has been volatile since the vote to create the new stablecoin passed.
Gnox (GNOX)
Gnox, the first reflection token ever produced, provides a yield farming system as a service. It indicates that Gnox invests in a liquidity pool from which users can profit through the use of its treasury.
Gnox also employs the Binance Smart Chain to provide customers with fast transfer speeds, minimal fees, and great scalability.
Gnox’s token price increased by more than 60% after the initial presale round ended. This suggests that the company is on fire right now.
2.5 billion tokens were transferred to the dead wallet during the Gnox token burn event, significantly lowering the Gnox supply and raising the price.
The third presale phase for Gnox will follow the current one, and the final launch will take place on August 12.
Learn more about Gnox:
Join Presale: https://presale.gnox.io/register
Website: https://gnox.io
Telegram: https://t.me/gnoxfinancial
Discord: https://discord.com/invite/mnWbweQRJB
Twitter: https://twitter.com/gnox_io
Instagram: https://www.instagram.com/gnox.io
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