On the 9th of August, the crypto market displayed a huge upward movement in the case of several DeFi tokens. TOP 7 ICO, a prominent platform offering analytics and information regarding top crypto-related projects, disclosed seven such entities based on their unique daily gains. The analytics provider took to its official X account to provide the details of these projects.
TOP 7 ICO Release the List of Top Seven DeFi Gainer Projects on the 9th of August
In its recent X post, TOP 7 ICO labelled Solfwog’s $FWOG as the top-grossing project. According to the platform, it collected gains of up to 107%. The respective dramatic spike reportedly points toward a resilient market enthusiasm. In addition to this, it can also have some association with the latest project updates, strategic collaborations, or community engagement. These things have reportedly boosted investor confidence. The huge triple-digit growth of the project signifies the token’s lucrative potential.
QuarkChain’s $QKC made a more than 72.4% rise, gaining the 2nd spot. QuarkChain operates as a blockchain solution with high throughput. It reportedly focuses on facilitating swift transfers. It has been getting significant attention due to its innovative approach and scalability. The increase in the value of $QKC may highlight optimistic market responses to tech developments or exclusive advancements of QuarkChain.
TokenFi’s $TOKEN occupied the 3rd position in the list of top-gaining projects with a 49.8% growth. The platform reportedly delivers tokenization services along with tools concerning blockchain projects. This achievement has the potential to attract more investors and consumers with an increasing demand for tokenization. This can pave the way for more liquidity and improvement in the digital assets’ functionality.
Degen Token Base’s $DEGEN surged by 42.4%, denoting the project’s continued popularity. These gains suggest a jump in community interests and trading volume, possibly driven by recent updates. Additionally, Vara Network’s $VARA token has witnessed a 33.3% growth. The platform focuses on developing decentralized infrastructure.
The Technological Developments and Community Engagement Potentially Drive These Value Spikes
The 6th among the top gainers is Undeadscom’s $UDS with a 32.0% rise, reflecting the potential contributions from the marketing endeavors or community events. Beercoin’s $BEER token jumped by 29.9%. TOP 7 ICO’s list of the top gainers implies the significance of technological developments and community engagement.
