Monat: Januar 2023

• Aave’s partnership with Lemon App could increase the number of unique users on the protocol.
• Aave’s launch of V3 on the Ethereum mainnet has generated interest from whales.
• The TVL of Aave also decreased over the last month.

Aave, a decentralized protocol for lending and borrowing, has announced a partnership with Lemon App, an Argentinian and Brazilian fintech platform. This could help expand the user base and get more people to supply liquidity to the platform. The launch of V3 on the Ethereum mainnet has also generated a lot of interest in the token.

The V3 launch drew attention to Aave and its token, but the token’s velocity and network growth has steadily declined over the past few months. The number of unique users on the Aave protocol decreased by 25.16% over the last month. With the new partnership, over 1.7 million users from Argentina and Brazil could get access to Aave [AAVE]. This could help increase the declining number of unique users on the platform and revive both the protocol and its token.

Aave’s Total Value Locked (TVL) has also decreased over the past month, with the figure going from $5.4 billion to $3.7 billion. While this decline is concerning, the launch of V3 on the Ethereum mainnet could help improve the protocol’s TVL in the coming future.

The launch of V3 has also attracted the interest of whales, which could help increase the price of the token in the future. According to Santiment, the percentage of large addresses holding the token has increased from 2.46% on January 1st to 5.46% on January 23rd. This could be a sign that whales are investing in the token and could help increase its price.

Overall, Aave’s partnership with Lemon App and the launch of V3 could help the protocol grow and increase its user base. The launch of V3 has already generated interest from whales and could help improve the protocol’s TVL. However, it remains to be seen if this new partnership alone can revive both the protocol and its token.

• Nakamoto Games recently announced that their NAKAVERSE would be going multichain, with NFTs being integrated with Dogecoin and other networks such as Avalanche.
• Avalanche’s performance in its NFT space has been declining, as evidenced by Santiment’s chart showing a decrease in total NFT trade counts and volume in USD.
• DeepSquare is looking for 10 Avalanche validators to help validate its subnet.

The cryptocurrency space recently got some exciting news as Nakamoto Games announced that their NAKAVERSE would be going multichain. This means that their NFTs will be integrated with Dogecoin and other networks, such as Avalanche. This could be a major step forward for Avalanche’s NFT ecosystem, helping it register growth in the field.

However, Avalanche’s performance in its NFT space has been declining. According to Santiment’s chart, the total NFT trade counts and total NFT trade volume in USD have been decreasing over the last seven days. This could be a cause for concern for investors in the network.

DeepSquare, a decentralized cloud computing ecosystem, recently revealed that they were looking for 10 Avalanche validators to help validate its subnet. This could be a great opportunity for Avalanche validators to show their capabilities and prove their worth.

Apart from the NFT space, Avalanche’s price has been increasing steadily. According to CoinMarketCap, the price has increased by 8% in the last seven days, and at press time, it was trading at $18.33 with a market cap of $2.68 billion.

Overall, Avalanche has been making steady progress in its aim to become a major player in the cryptocurrency space. With the news of NAKAVERSE going multichain, and DeepSquare’s call for validators, there is a lot of potential for the network to grow and succeed.