Crypto Report: Bitcoin and Ethereum kick the week off with moderate gains while PancakeSwap rallies

The crypto markets saw some healthy recovery over the weekend, enjoying a 6.6% rally to US$1.13tn come Monday morning.

Bitcoin slightly underperformed with a 3.3% rise US$23,600, while Ethereum took the charge by rallying 7% to open the week at US$1,730.

It was a bullish weekend for Binance’s largest decentralised exchange (DEX) PancakeSwap, having added over 16% to its US$680mln market capitalisation.

Ethereum’s largest DEX Uniswap, on the other hand, added a more conservative 1.2%.

The decentralised finance (DeFi) space as a whole is up 2.9% since Friday, with MakerDAO, Aave and decentralised stablecoin exchange Curve all performing well on the markets.

Oasis Network’s ROSE token jumped 25% in the past 24 hours alone.

The Layer-1 blockchain gained attention recently following a partnership announcement with Meta to develop privacy-protected AI systems.

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