Layer-2 DeFi platforms on the Ethereum blockchain network have shown strong network activity over the last week leading to a strong price rally in DeFi tokens. This comes as Ethereum gears for the Dencun upgrade which will bring major improvements in terms of network security, scalability, and functionality.
DeFi Tokens Rally Begins
After the Unsiwap announcement last week, Defi tokens have stoled the limelight from AI tokens, especially the ones associated with the Ethereum Layer-2 scalability platform. some of the top DeFi tokens witnessing strong price surges and trading activity include $UNI, $COMP, $COTI, $SUSHI, and $AAVE.
Joining the bandwagon recently is Mantle (MNT) registering 20% gains in the last 24 hours. As of press time, Mantle is trading at $0.95 with a market cap of over $3 billion, and 24-hour trading volumes surging by 200% to over $175 million.
One of the major things about the Mantle Network is that it aims for compatibility with the Ethereum Virtual Machine (EVM).
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