DeFi and Layer 2 coins rally following Ethereum's rise

UNI, MKR, LDO, ENA lead top DeFi tokens with double-digit gains amid rising TVL. ARB, OP, STRK also post strong gains in L2 sector. DeFi and L2 tokens could see more growth if Ethereum continues march higher. Ethereum ecosystem tokens — especially DeFi and Layer 2 coins — have surged following ETH's recent rally after optimism that the Securities & Exchange Commission would approve spot ETH ETFs.

Also read:Week Ahead: Ethereum and DeFi to come under spotlight this week But Ethereum's recent rise is beginning to push the DeFi narrative as ETH-based tokens across lending/borrowing, decentralized exchanges, and staking/restaking have seen impressive growth since Tuesday. Lido Dao posted nearly a 23% gain, Maker jumped 13%, AAVE rose more than 16%, and Ethena also increased by 23%. Synthetix and Uniswap gained 14% and 20%, respectively.

Source: Digital Coin News (digitalcoinnews.net)

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