The global cryptocurrency market rose 2.57 per cent to $1.17 trillion in the last 24 hours to 12 am IST on Wednesday, while the trading volume fell 4.44 per cent to $41.38 billion.
Arbitrum ARB was the most trending cryptocurrency, with a gain of 8.68 per cent to $1.25. Mask Network (MASK) was the top gainer, with an increase of 25.38 per cent to $7.01, while its 24-hour trading volume was $34,67,32,746.
Conversely, UNUS SED LEO was the top loser, down 0.44 per cent to $3.37. Its 24-hour trading volume was $7,72,753.
The DeFi segment accounted for 9.08 per cent or $3.84 billion of the total trading volume of the global cryptocurrency market in the last 24 hours, according to Coinmarketcap.com.
Bitcoin: Bitcoin’s price was up 3.55 per cent to $28,066.63, with a 24-hour trading volume of $18.7 billion. It is currently ranked number one based on its market cap. Bitcoin held a market share of 46.08 per cent at 12 am IST, down 0.04 per cent over the previous day.
Ethereum: Ethereum’s price was up 4.58 per cent to $1,808.31, with a trading volume of $9.1 billion in the last 24 hours.
Tether: Tether was up 0.03 per cent to $1.00, with a 24-hour trading volume of $29.4 billion. It was ranked third on Coinmarketcap.com.
Solana’s (SOL) price increased by 5.85 per cent to $21.20 in the last 24 hours.
Avalanche was trading at $17.17, up by 3.61 per cent, while its 24-hour trading volume stood at $15,68,97,282 at 12 am IST.
Cardano (ADA) was up by 8.14 per cent. It is ranked seventh on Coinmarketcap.com, with a 24-hour trading volume of $38,98,89,440.
Dogecoin (DOGE) was up 4.36 per cent, with a 24-hour trading volume of $31,01,45,824.
Shiba Inu was up 4.01per cent to $0.0000108 at 12 am IST on Monday morning.
Decentralised Finance (DeFi)
The trading volume of the DeFi segment was $3.84 billion, accounting for 9.08 per cent of the total trading volume of the crypto market.
Yearn.finance was up 6.81 per cent to $8,764.54, with a market cap of $287,376,044.