Sushiswap has ranked 6th in the top 10 DeFi protocols, following a 0.64% increase in total value locked (TVL) and also at the same time 3.40% growth was observed at the same time with Uniswap. The aforementioned report was made available by DeFi Pulse data.
Also, with gains of 12.3%, SHUSHI a governance token has seen higher growth in the last 24 hours. Gains stand at 12.4% on the monthly chart, while loses stand at 16.6% on weekly chat.
Currently UNI trades at $28.42 and reveals gain of 4.7% on the last day. There is fear that significant resistance may be faced by SUSHI holders. An estimate of 5,200 directions bought 87 million SUSHI in the high $10 range as revealed by the metric indicate of IntoTheBLock’s Global In/Out .These investors could take profit at current levels.