COMP and MKR lead altcoin rally as regulatory uncertainty rallies

Despite increased regulatory activity, DeFi index price, led by Compound [COMP] and MakerDAO [MKR], has rallied by 56% since 11 June, Glassnode found in a new report. Glassnode’s DeFi price index tracks the performance of the top eight DeFi tokens by market capitalization. With other altcoins outperforming leading altcoin Ethereum [ETH], mostly propelled Ripple’s [XRP] partial win over the U.S. SEC, Glassnode noted: “Our DeFi index…has established an almost two-month-long uptrend relative to ETH. This is the first outperformance since