DeFi Coins Outperform Bitcoin, Ether as Traders Pare Bets on Jumbo Fed Rate Hike

Decentralized exchange (DEX) Uniswap’s UNI traded at $ 7, representing a 13% gain. Bitcoin, the biggest cryptocurrency by market value, changed hands at $ 20,660, up 3.5%, while Ethereum’s ether token was priced at $ 1,200, up 8%. Other notable gainers were Solana’s SOL cryptocurrency programmable blockchain, privacy-focused coin monero, Polygon’s MATIC, cosmos and algorand.

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