Top DeFi Coins Drop 3-10% Despite Ongoing Bitcoin and Ethereum Surge

Both Ethereum and Bitcoin have pressed higher over the past 24 hours. The two cryptocurrencies have both gained around 5% in the past day. This comes as legacy markets like the S&P 500 have pressed higher. Despite the rally in the two leading cryptocurrencies, DeFi coins have tumbled lower. Ethereum-based coins like Maker (MKR), Synthetix Network Token (SNX), and others have shed 3-10% in the past 24 hours. This comes in spite of continued growth in the DeFi space. Top Ethereum DeFi Coins Drop a Handful of Percent Despite Crypto Boom According to CoinGecko, some of the top decentralized finance coins based on Ethereum have bled lower despite a Bitcoin rally. Data from the site indicates that ThorChain (RUNE), Waves (WAVES), Synthetix Network Token (SNX), 0x (ZRX), Maker (MKR), and a few others have all dropped in the past 24 hours. The losses range from three to ten percent. This…

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