- The price of Ether has climbed by 12% since the beginning of the fourth quarter (Q4).
- Ether’s uptick is arguably catalyzed by the market valuation of its DEX tokens.
- Uniswap is the best player in terms of TVL, while Pancakeswap ranks first via volume.
The price of Ether has climbed by 12% since the beginning of the fourth quarter (Q4) after a profound market slumber in quarter three (Q3). Fortunately, the industry has recovered from the bearish market, and specifically, the decentralized finance (DeFi) industry has bounced back.
Myriad factors are contributing to Ethereum’s overall uptick, which includes economic recuperation, a market rally, and even social dominance. At present, Ether’s uptick is arguably catalyzed by the market valuation of its decentralized exchange (DEX) tokens.
According to CoinGecko, at the time of this writing, DEX tokens have $9.93 billion in market capitalization and $1.60 billion in 24-hour trading volume. Moreover, DefiLlama shows that the total locked volume of ETH is rapidly rising at $23.8 billion, with Uniswap being the best player in terms of TVL and Pancakeswap ranking first via volume.
Decentralized exchange PancakeSw…
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