Waves' pivot toward DeFi, staking and interoperability triggers 107% rally
A focus on interoperability and staking allowed Waves to turn the tide with a month-long 107% rally. The first half of 2020 was pretty tumultous for Waves (WAVES), as the altcoin underperformed Ether (ETH) price by 36%. Waves (WAVES) in ETH terms. Source: Digital Assets DataWhile it was once a top-20 cryptocurrency for a brief period back in Dec. 2018, the proof-of-stake project created by the Russian physicist Alexander Ivanov in 2016 seemed to have lost its traction.The platform's success was initially based on its mobile application designed to streamline the user experience of....
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NSBT, WAVES and VIRES have been on a tear since the project developers revealed plans to migrate to Waves 2.0 to increase interoperability with major blockchains in the sector. Ongoing developments on the global stage continue to cause havoc in traditional markets and in the cryptocurrency sector.Despite these headwinds, projects in the Waves ecosystem have managed to climb higher in both price and total value locked (TVL) as a renewed focus on interoperability with popular blockchain networks brought fresh momentum. Total value locked on the top 3 Waves protocols. Source: Defi LlamaHere’s....
Neutrino was buying the WAVES dip as the price rebounds to the best level in over four months. Waves (WAVES) continued its price rally further into this week, even as its top crypto rivals wobbled between losses and gains elsewhere in the market.A 230% Waves boomThe WAVES/USD trading pair surged by nearly 75% this week to reach around $31, its best level since Oct. 28, 2021. Its rally came as a part of an upside retracement move that saw it rising by a little over 230% in three weeks.WAVES/USD weekly price chart. Source: TradingViewIn contrast, Waves' top rival in the smart contracts....
It’s not just for projects building on Waves though. The Waves Association announced on Wednesday a new grant program for cross-chain interoperability development.The pool consists of 1 million Waves tokens, worth approximately $3 million as of press time. Projects will be eligible for grants of up to 300,000 Waves to develop solutions for interoperability and cross-chain communication.There will be three separate types of grants: open grants, grants distributed through hackathons and Waves-focused grants. Sten Laureyssens, strategic advisor at the Waves Association, explained to....
Tron (TRX) has surged 10% in the past 24 hours, defying a stagnation in the price of both Bitcoin and Ethereum around local lows. For context, BTC and ETH have both gained around 1% in the past day. TRX’s rally comes as the blockchain has been seeing an ongoing pivot to offer decentralized finance (DeFi) […]
The DeFi boom and search for projects offering interoperability recently sent Ren’s price and total value locked to new all-time highs. Interoperability between blockchains is rapidly becoming one of the buzz phrases being thrown around when discussing decentralized finance and the coins most likely to rally during an altcoin bull run. The rapid growth of DeFi, its ever expanding total value locked and soaring ETH gas fees further highlight the sector’s need for a layer 2 option that also supports the ability to transact value across different networks. REN’s open protocol is designed....