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Request Network (REQ), pTokens (pBTC), and Compound Basic Attention Token (CBAT) -Breaking

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Top DeFi Winners: Request Network(REQ), PTokens, pBTC and Compound Basis Attention Tokens [CBAT]

Although the cryptocurrency market is in turmoil, the metaverse platform has seen significant growth because of the increasing interest shown by venture capitalists and companies to build the future.

Some defi protocol emerged as some of the most successful projects Friday, November 25, despite the dominance now held by metaverse platforms.

The Ethereum-based, decentralized payment system Request Network (REQ) is one of the biggest gainers. It gained 190% within 24 hours. The price of REQ rose by over 310% in the past five days.

REQ reached a high point of $1.02 at its 90-day peak. REQ settled at $0.82378 as of the writing.

Request Network’s five-day price chart (REQ). Source: Tradingview

Copy of allowing BTC use on network pTokens, (PBTC) doubled the price within hours. PBTC gained 100% and its price went up from $28,045.34 a $58,075. PBTC trades now at $52,394.91 as of the writing.

A seven-day price chart for pTokens. (REQ). Source: Coinmarketcap

The third top-performing DeFi protocol for November 25 is Compound Basic Attention Token (CBAT) – an autonomous interest rate protocol.

CBAT posted gains exceeding 65% in 24 hours. The price of CBAT rose from $0.02311, to its current all-time high $0.03819. CBAT traded at $0.02777 after a sharp correction.

A seven day price chart for Compound Base Attention Token (CBAT) Source: Coinmarketcap

To The Flipside

  • Despite a rise of over 60% in CBAT’s price, it is now down 26.5% compared to its most recent ATH

What are the reasons to care?

Different crypto segments are rallying right now, and this shows a decrease in Bitcoin’s dominance over the market trend

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