5 Top Crypto Gainers From The Last 24 Hours

✍️ 19 October, 2022 - 12:55 👤 Editor: Jakub Motyka

Topping the list is AAVE, a DeFi token, which is up 4% in the past day.
Other top performing cryptos are Maker (MKR), Monero (XMR), Uniswap (UNI), and Arweave (AR).
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Cryptos are currently on a retracement. Among the large-cap tokens, Bitcoin and Ethereum are flashing red lights. BTC has lost 1.83% to trade at $19,230, while Ether is down 2.5% to $1,298.

All the same, some cryptocurrencies are up in the same period. Below is the list of the top gainers in the sector.

Bullet points:

Aave (AAVE)

Top on the list is Aave (AAVE). The digital asset is up 4.37% in the past day and 14% in the last week. AAVE is currently trading at $82.45.

The surge in Aave defies the latest developments that Tron founder, Justin Sun, withdrew a large amount of funds from the network. Sun pulled out about $50 million USDT from the Aave network.

Aave is a decentralized finance protocol. The platform lets users earn interest on deposits and borrow against their cryptos.

Maker (MKR)

Maker (MKR) has made it to the list of top gainers for the second day in a row. The Ethereum-based token is up 3.18% in the past 24 hours and 15% in weekly gains.

On a broader outlook, MKR has more than doubled its gains in less than a month. It currently trades at $1,122.45 from $592 on September 21.

Maker described itself as a ‘Utility, governance, and recapitalization resource in the Maker system.’ The platform allows users to lock Ether in smart contracts and mint Dai stablecoin. On the other hand, MakerDAO is an open-source community blockchain built on Ethereum.

Monero (XMR)

Third on the top profitable cryptos is Monero (XRM). The token powering the anonymity-focused blockchain has gained 2.51%. At the time of writing, XMR was exchanging for $147.18.

While Monero continues to reap big on privacy, something lacking in the sector, the market remains bearish. The negative sentiment has equally affected the XMR just as the rest of the tokens.

Uniswap (UNI)

The next top gainer is the native token to Ethereum-based decentralized exchange Uniswap (UNI). The digital asset has gained 1.92% in the past day to trade at $6.46.

UNI ranks #16 in crypto list with a market capitalization of $4 billion. Fundamentally, Uniswap Labs, the developer behind the DEX, recently raised $165 million. According to CEO Hayden Adams, the raise targets the DeFi function of the exchange.

Arweave (AR)

Finally, Arweave (AR) has gained 2% in the past 24 hours to close our top gainers' list. The token currently trades for $10.19. It powers Arweave, an on-chain data storage protocol based on blockweave technology. Equally important, Arweave launched a Digital History Association this month. The entity is a Swiss-based association aimed at enhancing protocol research and development.

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Jared Kirui

EN: Jared Kirui is an experienced financial writer with a passion for all things blockchain technology. Previously, he was into stock markets and forex, providing asset managers with top-notch content. With a flair for producing high-quality articles, he started covering crypto news in 2021. He is open-minded, trades for fun, and enjoys sports.

ES: Jared Kirui es un escritor financiero experimentado apasionado por todo lo relacionado con la tecnología blockchain. Anteriormente, estuvo en los mercados bursátiles y forex, brindando a los administradores de activos contenido de primer nivel. Con un don para producir artículos de alta calidad, comenzó a cubrir noticias crypto en 2021. Tiene una mente abierta, comercia por diversión y disfruta de los deportes.