Key Insights:
- Uniswap falls to 7th place among leading DeFi projects by development activity, risking a 23% price dip to $3.63.
- DeFiChain tops development activity, with DFI price eyeing $0.005.
- Synthetix and Lido show strong dev activity, signaling that DeFi remains a vibrant sector
The results of the top 10 DeFi projects by development activity over the past 30 days are in, and Uniswap is lagging behind six other protocols. This decline in development activity was reflected in the Uniswap price, which has dropped 4.5% in the last 24 hours to $5.17.
The trading volume is also down 10.2% to $109 million per Coingecko. Technicals suggest Uniswap is still in danger of crashing further if the DeFi landscape remains shaky.
DeFiChain Takes the Crown as Uniswap Slips to No. 7
On April 15, 2025, Santiment dropped a post on X, breaking down the top 10 DeFi projects by development activity over the past 30 days. These projects are building hard, and the list is stacked with heavy hitters like DeFiChain, Synthetix, Lido DAO, and of course, Uniswap.
DeFiChain (DFI) snagged the top spot with a dev activity score of 253.1. These guys are building a decentralized exchange on Bitcoin’s network, and they’re not slowing down. Their token, DFI, is trading at $0.004683, up 2.3% over the last day. DeFiChain market cap sits at $3.89M, which is small but scrappy.
If they keep this momentum, DFI might test $0.005 soon, especially with Bitcoin ETF outflows cooling off as seen in Lookonchain’s post. But if the market turns bearish, $0.004 could be the floor to watch.
Uniswap Price Risks 23% Crash if Tides Don’t Change
Uniswap (UNI) on Ethereum rolled in seventh with a dev score of 89.86. The decentralized exchange (DEX) pioneer is still a beast, even if it’s not at the top of the list. At $5.17, the UNI token is up 8.8% over the past week, with a $3.09B market cap. This, however, is a big decline from its yearly high of $15.63.
Technical analysis shows that Uniswap price may be preparing for a deeper pullback to the $3.63 level despite Bitcoin staging a relief rally. UNI has been in a downward trend since peaking in late December at $19.4.
In the short term, the price of UNI faces resistance at $5.86, and continuous rejection at this level could drive the value 23% lower to the next support at the $3.63-$4 range.
Nevertheless, Uniswap’s fundamentals remain solid, and a bounce back to $19 is on the table if DeFi sentiment heats up and the price breaks the o $5.8–$6 barrier.
Rounding Out the Top 10
Synthetix (SNX) and Lido DAO (LDO) on Ethereum scored 173.97 and 161.63 in dev activity, landing second and third position, respectively. They’re the pioneers of synthetic assets and liquid staking. Both SNX and LDO tokens are performing well, but if Ethereum ETFs stop bleeding and sentiment flips bullish, both the tokens could touch $0.70 – $0.75 in the coming weeks.
Liquity’s (LQTY) scored was 133.97, landing at rank 4. At $0.527 (up 0.3094%), the market cap is $52.1 million. Injective (INJ), at position 6 with a score of 102.73, is killing it in DeFi and Artificial Intelligence (AI). INJ trades at $7.91, down 1.5% in the last 24 hours, with a $761.65 Million market cap. If they keep building, $8.50 could be in play, but $7.50 is the support to watch.
Finally, FOX Token (FOX) came in at #8 and scored 77.7, with FOX at $0.022 (down 2.38%) and a $171.6M market cap. They might hover around $0.02 unless the DEX sector pumps. Curve (CRV) on Ethereum and Arbitrum took positions 9 and 10, both at 55.77. CRV is at $0.59 (down 1.69%), with a $778.68M market cap. A push to $0.60–$0.62 could happen if DeFi volume spikes, but $0.55 is the floor if outflows continue.
Despite most of the hype moving to AI, the DeFi space is still grinding, with projects like DeFiChain, Synthetix, and Uniswap leading the charge in development. Prices are a mixed bag, but the long-term momentum remains bullish.
Disclaimer
This article is for informational purposes only and does not provide any financial, investment, or other advice. The author or any people mentioned in this article are not responsible for any financial loss that may occur from investing in or trading. Please do your research before making any financial decisions.
