DeFi tokens power the day's rally as SPK and MORPHO jump more than 20%

AI Market Summary

DeFi tokens are leading a broad secondary-market risk-on move, with SPK and MORPHO posting >20% daily gains and AAVE, PENDLE, and ENA also sharply higher. The breadth of double-digit advances across DeFi-linked names (including ETHFI and LDO) suggests renewed appetite for protocol and governance exposure, potentially improving near-term liquidity and momentum within the DeFi segment versus majors.

Impact level

● Medium

Affected assets

AAVE/USDT-3.21%

AI Insight · AAVE/USDTAI Insight

▲ Bullish

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Aug. 24 — Huo Xing Finance, citing market data, said leading DeFi tokens drove gains in the crypto secondary market. SPK climbed more than 26% on the day and is up 44.8% over the past week. MORPHO rose 20.84% to $2.751. AAVE gained 16.76% to $144.07. PENDLE advanced 14.34% to $1.847. ENA added 13.64% to $0.1685 and has surged 96% over the past week. ETHFI, LDO and MET also posted gains of more than 10%.

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