DeFi Takes Off: Kaia, AB, and Uniswap Soar on Big News!
Decentralized Finance (DeFi) tokens are grabbing attention, with Kaia, AB, and Uniswap leading the charge. Kaia saw a massive nearly 60% surge this week after the Korea-based project unveiled a new stablecoin pegged to the Korean won. This move capitalized on South Korea's crypto-friendly environment, igniting significant trader interest.
Meanwhile, AB jumped 34.84% following its high-profile listing on Binance Alpha on June 7. The listing, coupled with a 115 million token airdrop from Binance, significantly boosted AB's visibility and brought its layer-1 network into the spotlight.
Even major player Uniswap, the world's largest decentralized exchange, got a boost, with its token rising 25.23%. This gain came after the U.S. Securities and Exchange Commission (SEC) indicated a more positive outlook on DeFi. SEC Chair Paul Atkins even drew parallels between DeFi and core American values like liberty and innovation, signaling a potentially more favorable regulatory landscape.
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