US based exchange Kraken has listed 3 new DeFi tokens - COMP, KNC and KAVA - to its platform on July 15, the company announced via a blog post. It has also added decentralized storage asset STORJ.
The 3 DeFi tokens have grown in price and popularity in recent months.
Immediately after Compound Finance launched the COMP token on June 15, its price surged alongside an overall growth in the DeFi market, also sparking a yield farming craze that continues. COMP was also listed by Coinbase.
Kyber Network’s KNC also recently launched its Katalyst upgrade, which was accompanied by the launch of the governance platform KyberDAO. The asset has risen by over 65% to date since the launch date of Katalyst was announced on June 30.
Meanwhile, KAVA has seen the biggest rise in the past 24 hours, growing by 20% to $2 at the time of publishing. Kava is a lending platform that offers loans based on the USDX stablecoin, as well as powering DeFi products built on Kava with Chainlink (LINK), which is the official oracle of the platform.
The DeFi space has seen phenomenal growth since the start of 2020, but particularly in June. Yield farming programs have contributed greatly to the niche's expansion, and such programs have been launched by the likes of Ampleforth (AMPL), Balancer (BAL) and Synthetix (SNX). Despite this already tremendous growth, Chainlink founder Sergey Nazarov believes that the DeFi market is only in the early stages of growth.
