Investors Turn to DigiToads and Aave for Long-Term Gains Amid Crypto Market Volatility
The recent volatility in the crypto market has left investors disappointed in Bitcoin and Ethereum. Despite Ethereum's increased burning rates, investors remain uncertain about its future. However, DigiToads has raised over $3 million in presales and Aave has gained significant interest from investors, making both coins attractive for long-term portfolio diversification. DigiToads is a revolutionary token that aims to enrich the DeFi market by offering a user-friendly platform for players to collect, trade, and battle other users, making it a great investment opportunity. It is important to conduct your own research before investing in any cryptocurrency or project. As Bitcoin and Ethereum struggle, investors are turning to promising projects like DigiToads and Aave for long-term gains. This article was originally published on The VR Soldier and includes a sponsored press release.
Pepecoin's Rally Loses Steam After Binance Listing, Ether Volatility Hits Lifetime Low, Aave to Deploy V3 on Metis Network
Pepecoin's rally has slowed down after being listed on Binance, with the token trading at around $0.0000022 at press time. Profit-taking by early investors is likely the cause of the sharp pullback in PEPE. The volatility expectations in market leaders Bitcoin and Ether continue to dwindle despite lingering macroeconomic uncertainty. The Aave community has voted to deploy its version 3 on the Ethereum layer 2 ecosystem Metis Network, which is likely to bring more liquidity on both platforms and provide liquidity mining incentives to Aave users. Bitcoin's price has dived out of its recent triangular consolidation, which analysts predict might yield a deeper sell-off.
Defi Market Holds Steady at $49.31 Billion TVL, Lido Finance Leads the Pack With 24.82% Share
Currently, the combined TVL across all defi platforms stands at $49.31 billion as of May 6, 2023, with Lido Finance leading the pack by commanding a 24.82% share of $12.24 billion on Saturday.
DeFi Landscape Shakeup: PancakeSwap and Aave Crypto Outperformed by Collateral Network
As the decentralized finance (DeFi) ecosystem matures, new projects are emerging to challenge established players. Among these, Collateral Network (COLT) is making waves during its presale phase as it has already witnessed a surge of 40% to the current price of $0.014 in stage 2, already outperforming well-known DeFi giants such as Aave (AAVE) and PancakeSwap (CAKE). Let’s look at Collateral Network and why it’s making such an impact.
AAVE Investors Becoming Early Adopters of Sparklo
AAVE is a decentralized finance platform that allows users to borrow or lend tokens. The price has been affected by a recent downtrend, 11% in the past seven days and 1.4% in the past 24 hours at the time of writing. Furthermore, the current valuation of AAVE, $71, is far from the all-time high recorded in 2021, which was $666. Considering its bearish streak, investors are pessimistic about its chance of reaching or surpassing that price.
Three Whales Make Large Deposits in DeFi Protocols, Betting on ETH and WBTC
April 23 (Cointime) - According to Lookonchain (@lookonchain), three whales, who are likely the same person, have made significant deposits in Ethereum (ETH) and Wrapped Bitcoin (WBTC) on DeFi protocols.
Cointime News Wrapup-Afternoon: Blockchains Need an Interoperable Standard to Evolve, Say Crypto Execs
Industry commentators believe that blockchain technology needs an open communication standard, similar to TCP/IP, to enable a complete transition from Web2 to Web3.
Aave’s Proposal to Launch on zkEVM Passes ‘Temperature Check’ Vote
The Aave community has voted overwhelmingly in support of deploying the decentralized exchange (DEX) Aave on the zkSync Era Mainnet, with only 0.02% voting against the proposal. The next steps will involve further discussion, risk parameter evaluation, and finalization of the proposal, followed by on-chain governance approval. Deploying on zkSync is expected to introduce new users to DeFi and cement Aave as a premier borrowing platform within the zero-knowledge ecosystem. Aave previously voted to deploy the Aave V3 codebase on zkSync's v2 Testnet, and Uniswap is also set to launch on the zkEVM solution from scaling solution provider Polygon after a successful governance proposal. (Cointelegraph)
Exploit Involving Aave and Yearn Helped Users Make Money
Thursday’s crypto exploit related to decentralized finance (DeFi) giants Yearn and Aave came with an unusual twist: Some users actually made money instead of losing it.
