The crypto markets saw some healthy recovery over the weekend, enjoying a 6.6% rally to US$1.13tn come Monday morning.
Bitcoin slightly underperformed with a 3.3% rise US$23,600, while Ethereum took the charge by rallying 7% to open the week at US$1,730. It was a bullish weekend for Binance’s largest decentralised exchange (DEX) PancakeSwap, having added over 16% to its US$680mln market capitalisation.
Ethereum’s largest DEX Uniswap, on the other hand, added a more conservative 1.2%. The decentralised finance (DeFi) space as a whole is up 2.9% since Friday, with MakerDAO, Aave and decentralised stablecoin exchange Curve all performing well on the markets.
Oasis Network’s ROSE token jumped 25% in the past 24 hours alone.
The Layer-1 blockchain gained attention recently following a partnership announcement with Meta to develop privacy-protected AI systems.