DeFi Platform Struct Finance Sees 129% Gains in 7-Day TVL, Ranks First on Avalanche
The milestone has made Struct Finance the fastest-growing Avalanche-based DeFi platform in the past week.
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The milestone has made Struct Finance the fastest-growing Avalanche-based DeFi platform in the past week.
Bitcoin's rise as the first and most well-known cryptocurrency has paved the way for numerous alternative cryptocurrencies, commonly known as altcoins. These altcoins have emerged to address the limitations of Bitcoin or cater to specific use cases.
The Avalanche-based DeFi platform Struct Finance saw over 100% gains in total value locked (TVL) during the week ending July 17. As per data from DeFiLlama, the total value locked (TVL) of Struct Finance more than doubled, increasing from $350,820 to $718,229, between July 10 and July 17.
Bitcoin and other major cryptocurrencies have entered a period of relative calm as they trade without significant price movements for the third consecutive day. Last week's increased volatility, fueled by Ripple's legal victory, has subsided, leading to a more stable market environment.
Chainlink (CRYPTO: LINK), a leading Web3 services platform, announced the launch of its Cross-Chain Interoperability Protocol (CCIP) on the Ethereum (CRYPTO: ETH), Optimism (CRYPTO: OP), Polygon (CRYPTO: MATIC) and Avalanche (CRYPTO: AVAX) blockchains. The protocol, which is designed to facilitate the development of cross-chain applications and services, is being adopted by major DeFi protocols such as Synthetix (CRYPTO: SNX) and Aave (CRYPTO: AAVE).
The price action of Avalanche was strongly bullish and a move higher was likely over the next week.
A widely followed crypto analyst is predicting short-lived rallies for a handful of altcoins, including Ethereum (ETH) competitors Polkadot (DOT), Cardano (ADA) and Avalanche (AVAX).
Avalanche observes a massive fall in terms of social activity over the last week. DeFi progress and AVAX's price remain largely unaffected.
Avalanche, a high throughput smart contract blockchain platform, has demonstrated resilience and consistent growth in the ever-changing cryptocurrency market. With its focus on Ethereum scaling and infrastructure development, Avalanche has emerged as a frontrunner in the industry.
AVAX bulls maintained strong momentum well into the last 24 hours. This outcome was likely influenced by a different development.
Avalanche (AVAX), the native token of the Avalanche blockchain, has witnessed a notable price surge of 27.39% over the past seven days, capturing the attention of traders and investors. Currently facing strong resistance at the EMA50 daily level, AVAX is showing promising signs of potential bullish momentum.
Uniswap users can now start swapping their Avalanche tokens on the Uniswap website, as the decentralized exchange has now launched on the Avalanche network. Uniswap's C-Chain Debut Leading decentralized exchange (DEX) and automated market maker (AMM), Uniswap, has made its debut on Avalanche C-Chain, marking another significant expansion of the decentralized finance (DeFi) sector on the Avalanche blockchain.
The Avalanche network is now supported by Uniswap. Users can swap Avalanche tokens and provide liquidity through the decentralized exchange.
Here are three potentially explosive cryptos for investors looking to amp up their long-term gains to consider right now.
BTC is the crypto market's bellwether, yet its DeFi potential is under-explored. Struct Finance is using BTC.B-USDC Vaults to overcome this.
RedStone, a modular Oracle machine, has announced that it would provide data sources for DApps running on the Avalanche Spruce test network.
Amid economic uncertainty, it is best to effectively seize the potential rebound in these high-potential, cheap cryptos.
A widely followed crypto strategist believes that Ethereum (ETH) challenger Avalanche (AVAX) is gearing up for a move to the upside. Trader Michaël van de Poppe tells his 660,000 Twitter followers that AVAX looks bullish after briefly moving above resistance at $14.
While subnets boosted network activity in April, Avalanche began to see a decline in daily active addresses and transactions in the last month.
Avalanche protocol witnesses a massive surge in volume due to interest in EUROC. Prices begin to grow as traders turn bullish.
SOL, AVAX, FIL and EOS price are beginning to look attractive, especially if Bitcoin opens the week with a renewed attack on the $31,000 level.
The current AVAX price is $13.63, and it has seen an increase of 8.10% in the last 24 hours. But can it reach $20?
Avalanche transactions fell sharply in 2022 but have been recovering on a year to date basis. They have particularly been on the rise in the last 4 months.
The Avalanche (AVAX) price has displayed signs of positive momentum, although it remains range-bound. Over the past 24 hours, the altcoin witnessed a modest 1.8% increase.