CoinCheckup

Tag: Aave

  • BlockDAG Presale Gains Over $5M as Keynote 3 Goes Viral! AAVE Whale Action & Solana Dip Stir Up The Crypto Market

    BlockDAG Presale Gains Over $5M as Keynote 3 Goes Viral! AAVE Whale Action & Solana Dip Stir Up The Crypto Market

    ​As buyers search for the top crypto coins of 2025, several key players like Solana and AAVE are shaping the market. AAVE whale action has stirred significant attention, with large holders making substantial moves, potentially signaling shifts in the DeFi market. At the same time, Solana (SOL) price drop has raised questions about its long-term viability, despite its strong presence in the ecosystem. 

    However, the spotlight is shifting toward BlockDAG (BDAG), as its recent Keynote 3 event led to an impressive $5 million surge in the presale in just 48 hours. With $212.5 million raised in presale and 19.1 billion coins sold, BlockDAG is carving out a solid path for future growth.

    AAVE Whale Action Signals Major Market Shift

    AAVE experienced significant whale action as a major holder dumped 73.5K tokens worth $12.51 million. Despite the pressure, technical analysis shows potential for a 270% rally toward $628 if market momentum returns. 

    170,000+ Global Community. Keynote 3 Just Went Live. Buy BlockDAG

    The whale’s recent sell-offs, totaling 59,001 AAVE, reflect broader market shifts, with AAVE’s price down by 24.38% over the last month. This suggests the potential for a bigger unwind, but AAVE could still see a price recovery if speculative interest returns, which could trigger another upward movement, depending on broader market sentiment.

    Solana Value Drop: Will 15% Dip Trigger Further Losses?

    The Solana (SOL) price drop saw SOL decline by 15% over the past week, falling below $120 and breaking critical support levels. This drop pushed Solana down to the 7th spot in market cap rankings, though it has slightly recovered since then. 

    Analysts have pointed to broader market weaknesses as a contributing factor and warned that repeated testing of trendlines could lead to further declines. Additionally, newly launched Solana ETFs have faced minimal volume, indicating market caution.

    Despite these challenges, some experts remain hopeful for a potential recovery, depending on future market sentiment. A shift in conditions may trigger a reversal in Solana’s fortunes.

    BlockDAG’s Keynote 3 Highlights & $212.5M Presale Triumph

    BlockDAG’s recently launched Keynote 3 has garnered significant attention as the project showcased its unique fundraising strategy, emphasizing its ongoing growth. The massive reception and success of the keynote led to an incredible $5 million raised in just 48 hours. This rapid and impressive fundraising effort clearly demonstrates the immense confidence buyers have in BlockDAG’s future.

    CEO Antony Turner, the visionary behind BlockDAG, remarked, “This milestone validates the power of our innovative technology, and the trust our community has placed in us is the key driver for the project’s success.” His words highlight the unwavering belief the community has in BlockDAG’s cutting-edge solutions, solidifying the project’s path forward.

    This fundraising success is not just a testament to BlockDAG’s vision but also the broad support for its technology. With such strong backing, BlockDAG is set to make significant strides in its development, further solidifying its role as a leader in the blockchain and Web3 space.

    The presale funds raised will be crucial in propelling BlockDAG’s technology forward, supporting the launch of the mainnet and introducing educational initiatives like the BlockDAG Academy. These efforts will drive the growth and expansion of BlockDAG’s decentralized ecosystem and contribute to its broader adoption.

    Ultimately, these financial milestones reflect the growing community trust in BlockDAG’s potential. With a massive presale collection of $212.5 million and 19.1 billion coins already sold, the current presale batch 27 stands at $0.0248, marking a pivotal moment for early adopters. 

    Closing Thoughts

    In conclusion, the AAVE whale action signals continued confidence in the DeFi sector, whereas the Solana price drop has raised concerns for its future. On the other hand, BlockDAG is making impressive strides, with the success of Keynote 3 bringing in $5 million in just 48 hours, reflecting strong community backing. 

    The total presale, which now stands at $212.5 million, and BlockDAG’s significant progress position BDAG as a top crypto contender for 2025. While Solana is working through challenges, and AAVE remains a key player in decentralized finance, BlockDAG’s strong presale and future plans make it a superior option among the top crypto coins of 2025.

    To Experience BDAG Click Here!

    Presale: https://purchase.blockdag.network

    Website: https://blockdag.network

    Telegram: https://t.me/blockDAGnetworkOfficial

    Discord: https://discord.gg/Q7BxghMVyu ​

    Disclaimer: The views and opinions presented in this article do not necessarily reflect the views of CoinCheckup. The content of this article should not be considered as investment advice. Always do your own research before deciding to buy, sell or transfer any crypto assets. Past returns do not always guarantee future profits.

  • Aave Joins RCO Finance (RCOF) as the Ethereum DEXs Aim for Higher, Uniswap (UNI) Lags Behind

    Aave Joins RCO Finance (RCOF) as the Ethereum DEXs Aim for Higher, Uniswap (UNI) Lags Behind

    Ethereum’s DEX landscape is witnessing thrilling competition among top players. Aave (AAVE) and RCO Finance (RCOF) are emerging as frontrunners. 

    As these innovative platforms strive to outdo one another, Uniswap (UNI), once the undisputed leader, faces challenges in keeping pace. Which Ethereum DEX will reign supreme? Let’s delve into the details.

    BlackRock Partnership Fails to Boost Aave’s Token Price, But Analysts Remain Optimistic

    Despite a groundbreaking partnership proposal with BlackRock, Aave’s token, AAVE, has continued its downward trajectory this week, leaving investors wondering when the collaboration will bear fruit. 

    The proposed integration, which would merge BlackRock’s USD Institutional Digital Liquidity (BUIDL) fund with Aave’s platform, has yet to positively impact the token’s short-term performance. However, this collaboration has the potential to be a game-changer for Aave, allowing it to expand its reach and solidify its position in the DeFi space.

    According to data, AAVE is currently trading at $129.80, a 4.26% dip from last week. Despite this downtrend, some analysts foresee a positive trend for AAVE due to the positive signals from the RSI technical indicator. As such, they expect AAVE to surge to $155.50 soon. 

    RCO Finance, The Future of Trading

    RCO Finance Surges to the Forefront of DeFi Innovation!

    A shift in investor sentiment is underway as Uniswap and Aave take the back seat. Conversely, RCO Finance, a cutting-edge DeFi platform, is gaining traction due to its exceptional features and innovative approach. 

    Leveraging AI and blockchain technology, RCO Finance enables the rapid development of bug-free trading tools, setting it apart from traditional financial platforms.

    At the heart of RCO Finance lies its flagship AI-powered robo advisor, which utilizes complex algorithms and machine learning to monitor multiple markets simultaneously and provide automated, data-driven investment advice. 

    This next-generation approach eliminates cognitive biases and emotions, instead matching high-potential opportunities with an investor’s risk profile and financial goals.

    RCO Finance’s robo advisor offers personalized investment guidance, optimizing portfolio performance and minimizing risk. Additionally, the platform boasts an array of noteworthy DeFi features, including up to 1,000x leverage, non-KYC debit cards, and access to 120,000 assets across 12,500+ crypto and TradFi classes. 

    By combining these features, RCO Finance empowers investors to maximize profitability and stay ahead in the market.

    To ensure user safety, RCO Finance has undergone a comprehensive audit by SolidProof, a respected blockchain auditor, to identify and address potential vulnerabilities and risks effectively.

    Uniswap’s UNI Token Price Dips, But Analysts Forecast Near-Term Surge

    Uniswap Wallet, launched in April, has gained popularity with a 4.3-star rating on the Chrome web store and over 50,000 users. Its user-friendly design, particularly the sidebar feature, has received praise for making swapping assets faster and more convenient. 

    However, some users have raised concerns about the need for a seed phrase during sign-up and the wallet’s exclusivity to Chrome.

    As the DeFi landscape evolves, Uniswap’s commitment to innovation and user-centric design will likely cement its position as a leading player in the industry.

    Meanwhile, Uniswap’s flagship token, UNI, has been declining recently. UNI is currently trading for $5.94, a 10.39% dip in UNI’s price.

    Nonetheless, some analysts still expect UNI’s value to surge because the RSI recently broke out above the 50-level and the 14-day SMA. With this, UNI could surge to $7.50 in a few weeks.

    Conversely, other analysts are skeptical about investing in UNI due to the recent decline in total value locked (TVL). As such, UNI could fall to $3.80 soon.

    RCOF Pre-Sale: Massive Returns on the Horizon! 

    RCO Finance’s Ethereum token, RCOF, is outshining established players like AAVE and UNI thanks to its unique utility within an AI-driven platform. Investors are flocking to RCOF due to its capped supply of 800 million tokens and deflationary mechanism, which safeguards against inflation. 

    Adding to its credibility, SolidProof, a renowned German blockchain security firm, has audited RCOF’s smart contract, ensuring the codebase is secure and vulnerability-free.

    As RCOF entered Stage 2 of its pre-sale in August, its price surged to $0.0344. With a projected launch price of $0.4-$0.6, early investors can expect an impressive 1,644% ROI.

    This remarkable growth potential has experts convinced that RCOF will experience a bigger surge than AAVE and UNI. Don’t miss out! Join the RCOF token pre-sale now and reap substantial rewards soon!

    For more information about the RCO Finance Presale:

    Visit RCO Finance Presale

    Join The RCO Finance Community   ​

    Disclaimer: The views and opinions presented in this article do not necessarily reflect the views of CoinCheckup. The content of this article should not be considered as investment advice. Always do your own research before deciding to buy, sell or transfer any crypto assets. Past returns do not always guarantee future profits.

  • What is AAVE?

    What is AAVE?

    Aave network is a decentralized protocol, which helps users to engage in borrowing and lending activities involving crypto assets. The interaction mechanism within Aave technology closely mirrors the conventional lending institutions, ensuring a seamless and familiar experience for users. However, what distinguishes Aave is its utilization of cryptocurrency as the primary medium for these financial transactions. 

    By operating on the Ethereum blockchain, Aave leverages the efficiency and security inherent in blockchain technology. This article presents an overview of Aave blockchain, encompassing its fundamental features, utilization particulars and methods of accruing earnings.

    What is AAVE’s Current Price?

    The dynamic nature of the Crypto World is known to everyone – and what is AAVE crypto if not a great example of such changes? That means in order to learn its current value it would require real-time monitoring before buying. One of the most convenient ways to make AAVE swap is the SimpleSwap service. It allows users to buy, sell, and swap 1500+ crypto assets. 

    The SimpleSwap service:

    • Does not require to register;
    • Offers fixed and floating rates;
    • Allows buying crypto for fiat;
    • Has Loyalty and Affiliate programs, as well as Invite system.

    How Does AAVE Work?

    Aave represents a decentralized lending protocol. The platform offers a way to borrow crypto assets without any centralized intermediary. However, this service not only presents an opportunity to lend cryptocurrency, but also provides its users with its own token.  What is AAVE crypto? It is a governance token, whose owners have the right to take part in governance decisions, such as voting on asset additions, and can also stake their tokens for protocol security.

    Why Use AAVE?

    The utilization of Aave network presents many positive aspects that appeal to investors and participants in the decentralized finance space. 

    AAVE transaction speed

    Initially, the protocol operated exclusively on the Ethereum network, but currently, it has expanded to include networks such as Arbitrum, Avalanche, Fantom, Harmony, Optimism, and Polygon. These various blockchains and scalable solutions can significantly impact the transaction speed of Aave. Each of them has its own characteristics and advantages in terms of scalability and transaction speed. Therefore, users interested in the transaction speed of Aave can explore the specifications of each integrated network and choose the one that best suits their needs.

    Staking Opportunities

    Staking AAVE tokens plays a crucial role in supporting the protocol. In simple terms, people who hold AAVE can lock them up in the Safety Module (SM) and, in return, receive rewards. The SM acts like an extra security measure for liquidity providers. Alternatively, AAVE can also be staked in liquidity pools for loans, giving users the opportunity to earn interest on them.

    AAVE Technology

    At the core of AAVE’s functionality lies its innovative technological infrastructure. Smart contracts, self-executing codes with predefined rules, form the backbone of AAVE’s operational framework. These contracts autonomously execute lending and borrowing transactions, ensuring the integrity and transparency of financial agreements.

    AAVE Basics

    The foundation of any modern physical ecosystem is the services through which businesses can borrow and lend out their assets. Loans allow you to use capital to solve problems, and lending allows you to receive regular income from idle assets. Cryptocurrency developers recognized the need for such services and launched proposals. Aave blockchain positions itself as one of the largest projects of its kind.

    The AAVE Founders

    The creator of the Aave platform is the Finnish programmer Stani Kulechov. His interest in blockchain technology dates back to his university days, where he foresaw the potential for its development. Recognizing the promising prospects, Kulechov decided to create his own decentralized platform.

    Embarking on his journey in blockchain technologies, Stani Kulechov founded the company ETHLend in 2017. Later, in an attempt to address liquidity challenges, the programmer opted for rebranding, renaming the company to “Aave” in 2018, meaning “ghost” in Finnish. The project team explains that this name reflects the brand’s commitment to intriguing users with innovative technologies and its focus on establishing a transparent and open infrastructure for decentralized finance.

    Uses of AAVE

    Aave Lending

    Lending within the Aave platform is a straightforward process that involves depositing any of the supported assets into a designated liquidity pool. For doing so, users get aTokens, which symbolize a proportional ownership stake in the total liquidity deposited within the pool. These aTokens also serve as a verifiable record, acknowledging lenders’ entitlement to both their principal amount and any accrued interest. When it comes time for lenders to reclaim their loaned assets and the accumulated interest, they start a process known as “burning” of aTokens. 

    Aave Borrowing

    Customers have the opportunity to secure loans from liquidity pools by offering collateral, with an associated interest rate applied to the borrowed amount. The necessary collateral amount varies based on the specific pool. Aave exclusively accepts particular low-risk digital assets, including stablecoins, BTC, and ETH, as eligible collateral.

    Aave’s borrowing framework provides users with optimal flexibility for loan repayment, affording them the ability to settle their loans in full or partially at their discretion, and at any point in time.

    AAVE Flash Loans

    Short-term loans provide any user with access to significant funds, but borrowed assets must be repaid along with a fee within a single transaction. The 0.09% fee of the short-term loan serves as a source of income for the Aave protocol.

    To initiate a flash loan, a customer requests the Aave protocol to transfer assets from pools into a smart contract. Typically, the smart contract is specifically designed to execute a particular task. Upon completion of the specific transaction, it returns the principal to the pool. Upon receipt, Aave conducts a deposit check to ensure that the principal amount and the loan fee have been fully repaid.

    What Makes AAVE So Special

    AAVE’s uniqueness is underscored by its commitment to redefining traditional financial paradigms through decentralized finance. Aave is famous for its decentralization, innovative flash loans, governance mechanism, Safety Module, and support for a wide range of collateral assets. These features make it a unique service in the DeFi world, giving lenders different opportunities for advanced financial strategies.

    Conclusion

    Aave stands out as a pioneering DeFi service that has transformed the traditional lending landscape. It operates on smart contracts offering users a great choice of cryptocurrencies. The integration with multiple blockchain networks reflects the project’s desire to provide a seamless user experience. With ongoing developments and integrations, Aave may play a crucial role in the future of decentralized finance.

  • Investors Looking For the Next Big Crypto Token Should Keep an Eye on DigiToads (TOADS), Quant (QNT) and Aave (AAVE)

    Investors Looking For the Next Big Crypto Token Should Keep an Eye on DigiToads (TOADS), Quant (QNT) and Aave (AAVE)

    As the crypto market continues to recover and show promising signs, investors are once again feeling adventurous, seeking out the next big thing in the digital asset space. In this search, there are three projects that should be on every investor’s radar: DigiToads (TOADS), Quant (QNT), and Aave (AAVE). Each of these projects offers a unique value proposition, making them exciting opportunities for investors to watch.

    DigiToads offers an engaging P2E gaming experience, deflationary tokenomics, and a thriving community, making it an exciting MemeCoin opportunity. Quant tackles the crucial challenge of interoperability between different blockchain networks with its innovative Overledger technology, unlocking new possibilities for DeFi and enterprise solutions. Aave, a pioneer in the DeFi space, has introduced groundbreaking features and a decentralized governance model that has garnered significant interest from both investors and users.

    DigiToads (TOADS)

    DigiToads (TOADS) is a project that combines engaging P2E gaming, deflationary tokenomics, and a thriving community, making it an exciting MemeCoin opportunity.

    The project offers an immersive web3 game where players can collect, nurture, and battle unique digital amphibians, earning TOADS tokens as rewards. With its deflationary token mechanism, the project reduces the overall token supply over time, increasing scarcity and potentially driving up the value of TOADS.

    Additionally, TOADS holders can earn rewards by staking their tokens, creating an additional incentive for investors to hold and engage with the DigiToads ecosystem. As a memecoin, DigiToads aims to be one of the biggest Meme Tokens alongside Dogecoin, Shiba Inu, and Dogelon Mars, capturing the interest of meme coin enthusiasts.

    The project is also developing a metaverse called “The Swamp,” where the DigiToads community can interact, explore, and participate in various activities.

    With a DAO treasury and a commitment to environmental initiatives, DigiToads demonstrates its focus on community governance and social responsibility. Monthly airdrops, trading competitions, and presale growth opportunities add further excitement to the project.

    Buy DigiToads Now

    Quant (QNT)

    Quant (QNT) is a groundbreaking project that focuses on interoperability between different blockchain networks. The Quant Network has developed Overledger, a unique blockchain operating system that enables communication and data transfer across multiple blockchains. This innovation addresses one of the most pressing issues in the blockchain ecosystem: the lack of interoperability between different networks. By solving this problem, Quant (QNT) unlocks new possibilities for cross-chain applications and paves the way for the next generation of decentralized finance (DeFi) and enterprise solutions.

    Aave (AAVE)

    Aave (AAVE) is a decentralized finance (DeFi) platform that enables users to lend, borrow, and earn interest on various cryptocurrencies without the need for intermediaries. Aave has been a pioneer in the DeFi space, introducing innovative features such as flash loans, credit delegation, and a governance token (AAVE) that empowers its community to make decisions about the platform’s future development. With its cutting-edge technology and strong focus on decentralization, Aave has become a leading DeFi protocol, attracting significant interest from investors and users alike.

    Conclusion

    As the crypto market continues to recover and investors search for the next big thing, DigiToads (TOADS), Quant (QNT), and Aave (AAVE) emerge as promising projects to watch. With their unique value propositions, these three projects offer investors an opportunity to diversify their portfolios and participate in the future of the crypto ecosystem. Keeping a close eye on DigiToads, Quant, and Aave could prove to be a wise decision as the market continues to evolve and these projects gain traction.

    For more information on DigiToads visit the website, join the presale or join the community for regular updates.

    Disclaimer: This is a sponsored article. The views and opinions presented in this article do not necessarily reflect the views of CoinCheckup. The content of this article should not be considered as investment advice. Always do your own research before deciding to buy, sell or transfer any crypto assets.

  • Aave Ranks #2 as Aave v3 was deployed to the Ethereum mainnet — Top 3 Coins to Watch for Feb 6 — Feb 12

    Aave Ranks #2 as Aave v3 was deployed to the Ethereum mainnet — Top 3 Coins to Watch for Feb 6 — Feb 12

    Aave Ranks #2 as Aave v3 was deployed to the Ethereum mainnet — Top 3 Coins to Watch for Feb 6 — Feb 12

    The uptrend established in the first few weeks of 2023 appears to be dying out. Although the total cryptocurrency market capitalization climbed as high as $1.12 trillion during last week, all the gains were erased during the weekend, causing the total market cap to fall back to $1.09, this is exactly where it stood at the beginning of the week. Most of the biggest cryptocurrencies traded rather sideways throughout last week, which explains why the total market cap stayed stagnant. Among Top 10 cryptocurrencies, the biggest mover was OKB (OKB), which appreciated by almost 12% last week.

    3. Render Token (RNDR)

    Render Network is a decentralized cloud rendering platform that allows users to access high-performance computing resources in a secure and decentralized manner. The platform uses blockchain technology and its own cryptocurrency, the RNDR token, as the means of payment and reward for participating nodes. The RNDR token is used to incentivize the rendering of 3D graphics, animations, and simulations. With Render Network, artists, architects, and engineers can outsource their rendering needs to the network, rather than relying on a centralized cloud provider, providing increased security, cost-effectiveness, and faster rendering times.

    Buy/Sell RNDR

    The project establishes Render Network Foundation and accepts the proposal to implement a burn-and-mint equilibrium tokenomics model

    On January 20, the Render Network announced that the project is launching Render Network Foundation, a dedicated non-profit organisation that will maintain and develop the core Render Network protocol and its community. In addition, RNDR token holders recently voted in favour of adopting a new tokenomics model, called burn-and-mint equilibrium. According to the new model, “rendering jobs-to-be-done” will be priced in USD and creators will have to burn the corresponding amount of RNDR tokens to pay for rendering. After burning RNDR, creators will receive non-transferable, non-fungible “Coupon Tokens” to track completed orders. Node operators will receive rewards in the form of base-asset issuance incentives based on the number of jobs they completed within a network’s epoch. The tokenomics model is called burn-and-mint equilibrium because if the demand stays constant the number of tokens burned equals the number minted. If, however, the usage grows in between, supply decreases and creates upward price pressure, and vice versa when the need for rendering power is in decline. The proposal for the change in tokenomics was accepted with outstanding unity as 100% of votes were cast in favour.

    Both events provided a boost to RNDR price, which has gained over 100% in the past week, outperforming all other top 100 assets in the same period. In addition, the Render Network’s token climbed 13 spots up on the list of largest cryptocurrencies by market capitalization last week alone. Currently the token is changing hands at a price of $1.70 but we believe it could hit $2.00 soon.

    2. Aave (AAVE)

    Aave is an Ethereum-based decentralized lending and borrowing platform that started out under the name “ETHLend”, a project launched by Stani Kulechov in 2017. Aave supports almost 20 different tokens and has unique and sophisticated features such as flash loans that make it stand out from its competitors. While Aave initially launched on Ethereum, the protocol has expanded to the Fantom, Avalanche, Polygon, Optimism, Arbitrum, and Harmony networks over the last couple of years and is now available on 7 chains. AAVE token is the protocol’s native token, which grants holders governance rights as well as discounts when interacting with Aave protocol. While the protocol is completely open source, its code is regularly audited by third parties and has been repeatedly deemed secure. With the launch of its third iteration – “Aave v3” – the protocol positioned itself as one of the top DeFi protocols. According to DeFi Llama, there are currently around $4.7 billion locked in the Aave protocol, out of which $1.1 billion are locked in Aave v3.

    Buy/Sell AAVE

    Aave v3, one of the most popular liquidity protocols, has been deployed on Ethereum mainnnet

    The Aave protocol has recently received its most significant upgrade to date on the Ethereum blockchain as Aave v3 was activated on Ethereum mainnet on January 27. While Aave already run on Polygon, Avalanche, Arbitrum and Optimism, Ethereum mainnet deployment was of key importance for the lending protocol as Ethereum is the Aave’s largest market. Now liquidity providers that interact with Aave through Ethereum mainnet can also utilize advanced features such as high-efficiency mode (or e-mode) and isolation mode. In addition, gas fees are up to 25% lower on Aave v3. To migrate your positions from v2 to v3, follow the instructions from the Tweet below.

    AAVE price, which has been trending upward since the beginning of the year, is up by 60% year-to-date. AAVE token is currently changing hands at around $85. Nevertheless, this is still 87% below the token’s all-time high price of $665 achieved on May 18, 2021.

    1. Optimism (OP)

    Optimism is a popular Layer 2 scaling solution for the Ethereum blockchain that aims to enable faster, cheaper, and more scalable decentralized applications (dApps). To achieve its goal, Optimism uses a technology called Optimistic Rollups, which allows dApps to perform transactions off-chain and then settle them on-chain, greatly increasing transaction speed and reducing costs compared to traditional on-chain transactions. The OP token is the native cryptocurrency of the Optimism platform and is used for staking and governance. By holding and staking OP tokens, users can participate in the governance of the Optimism network (by voting on proposals regarding protocol upgrades, incentives, and the allocation of treasury funds) as well as earn rewards for helping to secure the network.

    Buy/Sell OP

    The recently announced Bedrock upgrade will allow Optimism to stay at the forefront of Ethereum scaling for years to come

    On February 2 the Optimism Foundation has proudly announced Bedrock upgrade, which will provide a significant boost to the performance and functionality of the network. The revamped version of the Optimism protocol will reduce transaction fees by another 10% by further optimizing transaction batch compression. In addition, Optimism developers say that the upgrade will also handle L1 re-orgs better, thereby shortening delays of including L1 transactions in rollups. Full list of improvements featured in the upcoming upgrade can be found in the Bedrock Explainer.

    According to the upgrade proposal draft, the community will vote on the proposal after two weeks of discussion. If Bedrock gets approved by Optimism governance community, the upgrade will be implemented on March 15 at 9:00 AM PT. While the road to Bedrock deployment is still long, the markets have reacted very positively to its announcement as OP gained more than 45% in two days following the announcement. In addition, OP is up by almost 200% during the last month, making it one of the best performing tokens in this period.

  • Giant Coins Such As Avalanche And Aave Should Watch Big Eyes Coin As The Takeover Begins

    Giant Coins Such As Avalanche And Aave Should Watch Big Eyes Coin As The Takeover Begins

    The rise to fame of digital currency started with the launch of Bitcoin. Bitcoin was launched to provide an alternative to fiat transactions. It saw an incredible increase but room for improvement was present. After that, many altcoins were launched with improved performance and unique ideas. One of those coins is Avalanche (AVAX) and Aave. Avalanche (AVAX) was established as a rival to Bitcoin and Ethereum.

    Aave came up with a unique concept of a liquidity pool. All of these cryptocurrencies are good, but they are not perfect. Perfect has joined the market as Big Eyes Coin (BIG). Meme coins are an integral part of cryptocurrency now. Especially if any beautiful meme coin comes intending to empower the community, it can be very successful. It is one of the leading reasons behind the successful launch of Big Eyes (BIG).

    Big Eyes Coin (BIG) Enters The Field

    Big Eyes (BIG) is an open-source blockchain-based decentralized cryptocurrency. It focuses on its goal to make a defi ecosystem in this world. Big Eyes (BIG) started its campaign with a successful Presale with five phases. All of them have seen record sales so far. Now it is moving forward according to its plan announced in its Whitepaper.

    Algorithm and Consensus

    Miners know every cryptocurrency by its consensus technology. Big Eyes (BIG) has not announced its mainnet, launched on the Ethereum blockchain. As it is based on an open-source Ethereum blockchain network, it will follow Proof of Stake technology. Ethereum switched to the POS algorithm in Sept 2022.

    Tricks should always follow a successful Presale to keep people engaged. Big Eyes (BIG) has played that trick by announcing a giveaway of 250k USD on its website. Visit the website and follow simple steps to be eligible for getting this reward.

    Nonfungible tokens can play a vital role in the success of Big Eyes (BIG). It is focused on competing in the Top 10 NFTs soon. Another excellent policy is that a successful NFT will make you eligible for voting. Voting will take place for Burn and No Burn action.

    Liquidity pools are an incredible way of helping the needy and securing the future of crypto. Big Eyes Coin (BIG) has announced to lock the liquidity for the next two years. This two years lock is a win-win situation for your investment.

    Avalanche (AVAX) Accessible, Scalable, Reliable

    Avalanche (AVAX) was launched in 2020 to provide the best scalable, accessible, and secure way of crypto trading. Experts call it a rival setup of Ethereum as it comes with good competition. Avalanche (AVAX) is an open-source blockchain network with a maximum supply of 720 million tokens. It is known chiefly for its rapid speed of 4500 transactions per second. It uses a particular form of consensus system that was not seen before. Its market cap, trading value, supply cap, and transaction speed indicate that AVAX has a bright future.

    Aave (AAVE) Asset Lending Made Easy

    Aave is a one of a kind lending platform that is based on a blockchain setup. It allows people to lend their assets. Lending takes the assets to liquidity, which uses it as a fund. This remarkable coin started from the Ethereum blockchain, but later on, it joined many other setups like Avalanche (AVAX) and Harmony. Aave gives us a variety of Ethereum-based assets that makes it easy for us to lend. It is also launching a Stablecoin named GHO.

    Avalanche (AVAX) and Aave are well-organized groups in cryptocurrency, but their setups have flaws. Avalanche (AVAX) is not counted as a strong setup against incapable validators. Aave (AAVE) also forces you to buy cryptocurrency before lending it. Big Eyes (BIG) is the only meme coin that comes with a perfect setup. That is why many crypto celebrities are tweeting about Big Eyes (BIG) nowadays.

    Use code BUYEYES126 to access additional tokens.

    Big Eyes Coin (BIG)

    Presale: https://buy.bigeyes.space/

    Website: https://bigeyes.space/

    Telegram: https://t.me/BIGEYESOFFICIAL

    Disclaimer: This is a sponsored article. The views and opinions presented in this article do not necessarily reflect the views of CoinCheckup. The content of this article should not be considered as investment advice. Always do your own research before deciding to buy, sell or transfer any crypto assets.

  • Klaytn Ranks #2 as Klaytn Foundation initiates Token Buyback Program–Top Coins to Watch for Oct 31–Nov 6

    Klaytn Ranks #2 as Klaytn Foundation initiates Token Buyback Program–Top Coins to Watch for Oct 31–Nov 6

    Klaytn Ranks #2 as Klaytn Foundation initiates Token Buyback Program–Top Coins to Watch for Oct 31–Nov 6

    The cryptocurrency market performed a smaller rally mid-last week, which carried the total market capitalization of the sector back above $1 trillion, which was a first such occurrence in over a month. However, the rally was not sustained, and the market cap quickly dropped below $1 trillion again. Do you think coins from our Top 3 Coins to Watch article can carry the total market cap back above the glorified $1 trillion? The most likely answer is no, since these coins have much smaller market capitalizations compared to BTC and ETH and therefore need to post much higher gains for it to reflect in the total crypto market cap. Nevertheless, we do believe these three crypto assets have room for quite some more gains.

    3. Aave (AAVE)

    Aave is an Ethereum-based decentralized lending and borrowing platform that started out under the name “ETHLend”, a project launched by Stani Kulechov in 2017. Aave supports almost 20 different tokens and has unique and sophisticated features such as flash loans that make it stand out from its competitors. While Aave initially launched on Ethereum, the protocol has expanded to the Fantom, Avalanche, Polygon, Optimism, Arbitrum, and Harmony networks over the last couple of years and is now available on 7 chains. AAVE token is the protocol’s native token, which grants holders governance rights as well as discounts when interacting with Aave protocol. While the protocol is completely open source, its code is regularly audited by third parties and has been repeatedly deemed secure. With the launch of its third iteration – “Aave v3” – the protocol positioned itself as one of the top DeFi protocols. According to DeFi Llama, there are currently around $5.3 billion locked in the Aave protocol, out of which $1.1 billion are locked in Aave v3.

    Buy/Sell AAVE

    Aave will deploy its protocol to Ethereum’s Layer 2 Scaling Solution zkSync

    Recently, the Aave team filed a proposal to deploy the project’s decentralized trading platform to the testnet of the Ethereum’s layer 2 scaling solution zkSync. ZkSync is a Zero Knowledge Rollup protocol with generalized EVM compatibility, which will allow effortless onboarding of Ethereum projects.

    https://twitter.com/StaniKulechov/status/1584565654015074305

    Perhaps also due to the easy migration process, more than 200 projects have already committed to launching on zkSync mainnet once it is live. The Aave team believes that zkEVM rollups are the most eagerly anticipated innovation after the merge and the ZkSync is a leading project in this sector, which is why they believe their protocol should be deployed to the promising layer 2 network as soon as possible. In addition, the popular yet controversial commission-free broker Robinhood has recently listed AAVE. The token was added to the trading app on October 24, along with Tezos’ XTZ.  Let’s remember, Robinhood has 18.7 million monthly active users.

    2. Klaytn (KLAY)

    Klaytn is an enterprise-focused blockchain platform that aims to accelerate the mass-adoption of blockchain-based solutions. The project plans to achieve this goal by empowering businesses and entrepreneurs that want to move their operations from the classic internet networks to the blockchain. Among other things, Klaytn offers support and guidance in creating and deploying blockchain-based applications or “BApps”. The blockchain is public, but it is developed by GroundX, a company owned by a Korean mobile messaging giant KaKao. Being a public-private hybrid allows Klaytn to take the best of both worlds and facilitate low latency transfers while maintaining high scalability and decentralization. The blockchain utilizes a proof-of-contribution (PoC) Practical Byzantine Fault Tolerance (PBFT) consensus algorithm.

    Buy/Sell KLAY

    Klaytn Foundation reduced block rewards and initiated a KLAY token buyback

    With its more than 100% gain, KLAY was the best performing asset out of Top 100 cryptos last week. But what caused KLAY to more than double its price? We have identified two main catalysts for this rally, which both took place on October 24. First, the Klaytn Governance Council (GC) has approved Klaytn team’s proposal to cut block rewards from 9.6 KLAY to 6.4 KLAY per block. In addition, the newly minted tokens will be distributed according to a new format, with 50% of it going to the GC, 40% to the Klaytn Growth Fund, and 10% to the Klaytn Improvement Reserve. The team claims, that the changes, which will see implementation to the blockchain in mid-November, were necessary to ensure sustainable growth of Klaytn ecosystem. The second announcement that provided additional fuel to the rally is regarding the initation of a KLAY token buyback program.

    According to the blog post, Klaytn team detected significant fluctuation in the token’s on-chain liquidity on October 21 and decided to buy and burn some of the tokens in order to stabilize the ecosystem. The team stated that only stablecoins from the Foundation’s reserved were used for the purchuse. Furthermore, all buybacks are said to be conducted through spot orders on centralized exchanges (CEXs) and all repurchased tokens will reportedly be burnt. However, the team did not reveal the number of repurchused and burned tokens nor the amount of USD it spent on the purchase but promised to provide more detail about the buyback at a later date.

    1. Polygon (MATIC)

    Polygon, previously known as Matic Network, is a leading Ethereum Layer 2 scaling solution. The Polygon Layer 2 network consists of several simultaneously run proof-of-stake sidechains that regularly push the data to Ethereum to create network checkpoints. Currently, there two bridges that allow users to move assets between Ethereum and Polygon, the first one being the Plasma bridge and the second one the PoS Bridge. The Plasma bridge delivers supersonic speeds and throughput and allows for an easy and fast exit to Ethereum mainnet at the same time. Together with several other features and tweaks, Polygon provides a major scalability improvement to the biggest smart contract blockchain. By successfully overcoming Ethereum’s most limiting shortcomings Polygon has become attractive for DeFi projects and is establishing itself as one of the key DeFi networks.

    Buy/Sell MATIC

    Another prominent collaboration on the horizon – this time Polygon has partnered with a popular Brazilian neobank Nubank

    On October 19, Polygon took it to Twitter to announce their next high-profile partnership. This time, the Ethereum Layer 2 network has entered collaboration with Nubank, a Brazil-based fintech start-up, whose main product is a neobank platform. Nubank has raised more than $3.9 billion since its launch in 2013 and it is worth mentioning that the leading investor in Nubank is Warren Buffett’s Berkshire Hathway.

    At about the same time Nubank, announced it will be launching its own token called Nucoin early next year. This new Polygon-powered digital asset will serve as a some kind of crypto-focused loyalty program and will grant active Nucoin holders exclusive perks and discounts. As already mentioned in the tweet, this collaboration has a potential to quietly onboard more than 70 million Nubank users to Polygon and Web3. The partnership also proves once again that Polygon is very successful when it comes to forming collaborations with some of the largest companies in the world, including Disney, Reddit, and Robinhood. In addition, the technical analysis suggests a forthcoming bullish period as MATIC/USD price seems to be painting a bullish pattern since June this year. The pattern is a called a “bull flag” and is characterized by two strong moves upward with the price moving in a parallel descending channel between the surges. MATIC is currently approaching what seems to be the end of the descending channel, meaning that we could be aproaching a significant surge. Should a breakout really occur, technical analysis susggets that MATIC could rally by almost 100% and retest the $1.85 by the end of the year.

  • Top 6 DeFi Tokens to Look Out for the Rest of 2022

    Top 6 DeFi Tokens to Look Out for the Rest of 2022

    Decentralised Finance (DeFi) has ultimately become an integral part of the cryptocurrency ecosystem. Riding on the success of 2021 where many DeFi cryptocurrency watered the dry accounts of its investors, more projects have now sprung up. Interestingly some of these emerging cryptocurrencies have been tipped to outperform the older generation before 2022 ends.

    It doesn’t just end there. The total value locked of this ecosystem that was worth less than $1 billion in 2020 is not valued at almost $60 billion. So, what projects in this cryptocurrency space should you consider stacking up before 2022 ends? In this detailed article, we will highlight ten of the most promising ones in no particular order, and attach reasons why you can add them to your portfolio. 

    1. Convex Finance (CVX) 

    Few years back, this cryptocurrency was relatively unknown. However, with a stunning market cap of $370 million as of this writing, CVX has become a top choice for DeFi investors. But what exactly is Convex Finance and why should you consider owning some CVX tokens? 

    Convex Finance is simply a DeFi protocol that rewards another DeFi project, Curve Finance (CRV) with yields. So, as a CVX holder, you can earn interest from CRV while not owning a stake in the latter. If you seem confused about how this CVX protocol works, joining the BitAlpha AI community is one way to have a team of experienced investors break down the process. As per why you should consider investing, it is because CVX seems very undervalued at the moment. Investors who bought the cryptocurrency in early 2021 can testify to its incredible performance which made as much as 500% in pure profits.

    2. Uniswap (UNI)

    If you have not heard of Uniswap, it means that you were late to the crypto party. In 2021, the Uniswap team distributed airdrops to its holders to the tune of at least $1,000. During the same period, the coin went on to skyrocket over 200 %within one week. Built on the Ethereum blockchain, Uniswap has its own decentralised exchange in two separate versions while providing access to liquidity pools for investors.

    In 2021, the UNI coin did three times its worth. With its current price largely below 2021 levels, UNI is one coin that can be considered currently undervalued.

    3. Curve Finance (CRV)

    With $6 billion locked in total value, CRV stands as one of the most promising DeFi tokens of 2022. Curve Finance is a one-of-a-kind project that allows users to exchange stablecoins on its network. In addition, Curve allows users to lock their CRV holding while allowing other users to make use of it with the providers getting rewards for lending their assets.

    CRV investors who held from the beginning of 2021 till the end make more than a 7x ROI. While that may not be enough reason to buy, knowing that the protocol has sufficiently increased in community number provides another reason.

    4. AAVE

    Aave is ranked third in the DeFi market considering its Total Value Locked is around $6.61 billion at the time of this writing. The open-source protocol which allows users to earn interest and borrow assets for a stipulated period also runs on the Ethereum blockchain. In 2021, AAVE invesotors made as much as 2.4x their investments.

    With the proposal of its own stablecoin in the works, AAVE has the potential to become a highly profitable DeFi token before 2022 ends. Besides this, AAVE also offers numerous advantages— from no transaction fees to regular discounts, the AAVE protocol has proven to be a project “made for the people”.

    5. Lido Finance (LDO)

    Lido Finance is one of the top surprises in this list. In fact, its own extraordinary performance does not date back to 2021 as it has performed extraordinarily well since 2022 began. According to CoinMarketCap, LDO has gone from $0.56 to trade as high as $2.72 in less than three months in the same year. So, what exactly is the idea behind Lido Finance?

    Lido Finance offers a liquid staking solution for Etheruem. The protocol also offers this solution at no minimum deposit as users are allowed to stake as low as possible via the chain. LDO boasts a market cap of $631billion with 312 million LDO tokens in circulation. With the performance of the LDO from the first to third quarter, there are high chances that the last quarter of 2022 will bring even more gains for its holders. 

    6. MakerDAO (MKR)

    You can call this saving the best for last if you want. You probably have heard of MakerDAO, the DeFi protocol behind stablecoin, DAI. Like others, MRK allows users to lend  and borrow cryptocurrency without any hassle. One solid reason why MKR may be a good buy is because of the stability of its stablecoin. After being pegged to the United States Dollar, there were conversations that DAI would struggle in the midst of USDT, USDC,and BUSD. Fortunately, that has not been that case as DAI has maintained its dollar-peg solidly. This is more reason it has more total value locked than any other DeFi protocol with its $8.51 billion worth.

    MKR’s performance in 2021 gave a 3.5x return after it ended the year at $2,337. In 2022, the price went as low as $733. At the time of this writing, MKR was trading at $747.51. While this level might not seem impressive, it obviously offers a buying opportunity before the next bull market resumes. So, if you have been watching MKR, it may be time to activate the buy button.

    Conclusion

    Now that you know some of the best buys in DeFi, it is also important that you do not make the mistake of taking this article as investment advice. For clarity, these options have been provided as a result of the development activities and price history of the cryptocurrencies. While you can potentially make a positive return on investment, you can lose all too. 

    Finally, note that the DeFi ecosystem is an important part of blockchain technology, especially as it concerns the decentralisation mission. All of the projects mentioned above contribute to the objectives and not one is considered superior to another. 

  • EOS Ranks #2 Thanks to Community-Run Web3 Framework “Antelope”–Top Coins to Watch for Aug 22–Aug 28

    EOS Ranks #2 Thanks to Community-Run Web3 Framework “Antelope”–Top Coins to Watch for Aug 22–Aug 28

    EOS Ranks #2 Thanks to the Announcement of Community-Run Web3 Framework “Antelope”–Top Coins to Watch for Aug 22–Aug 28

    Last week marked the end of the brief bullish period, as nearly all cryptocurrencies faced a hefty price readjustment. With leaders like BTC and ETH down by more than 11% and 16% in the past 7 days respectively, most altcoins followed the same trend with even higher weekly losses. Consequently, the total cryptocurrency market capitalization slipped from $1.21 trillion back to $1.06 trillion, which is roughly the same as the total market valuation from four weeks ago.

    3. Aave (AAVE)

    Aave is an Ethereum-based decentralized lending and borrowing platform that started out under the name “ETHLend”, a project launched by Stani Kulechov in 2017. Aave supports almost 20 different tokens and has unique and sophisticated features such as flash loans that make it stand out from its competitors. While Aave initially launched on Ethereum, the protocol has expanded to the Fantom, Avalanche, Polygon, Optimism, Arbitrum, and Harmony networks over the last couple of years and is now available on 7 chains. AAVE token is the protocol’s native token, which grants holders governance rights as well as discounts when interacting with Aave protocol. While the protocol is completely open source, its code is regularly audited by third parties and has been repeatedly deemed secure. With the launch of its third iteration – “Aave v3” – the protocol established itself as the third largest DeFi protocol in terms of TVL. According to DeFi Llama, there are currently more than $6.45 billion locked in the Aave protocol.

    Buy/Sell AAVE

    Aave token holders asked to commit to Ethereum’s Proof-of-Stake consensus chain after the Merge

    In light with Ethereum’s imminent transition to proof-of-stake (PoS) the Aave (AAVE) tokenholders have been asked to participate in an Aave Request for Comment (ARC) on August 18. The ARC in question calls for Aave users to ”commit” to Ethereum Mainnet running under the proof-of-stake consensus over any Ethereum fork running an alternative consensus as their primary network. Furthermore, after the Merge, the Aave DAO running on Ethereum PoS chain should be considered as the “canonical” governance system. A supporting vote will also give the Community Guardian the power to shut down Aave Deployments on any forks arising from the Ethereum Paris Hard Fork that are not the official PoS Mainnet. The DAO’s position will be determined via this governance vote, which will be launched soon. Nevertheless, Aave builders expect a clear and loud support for PoS consensus as they consider it virtually impossible to sustain a viable Aave Market on any Ethereum fork running on alternative (not PoS) consensus. Since Aave’s commitment to PoS would enable the platform’s continued growth, a positive governance vote on that matter could cause AAVE price to increase. At the same time Aave v3 reached its peak amount of borrows and repayments this month since its launch in March 2022, which exceeded $100 million daily for the first time. Nevertheless, Aave v2 still accounts for most of the protocol’s TVL. While it might take time for v3 to reach v2’s TVL, the novel version of Aave protocol is already surpassing the older counterpart in terms of usage.

    2. EOS (EOS)

    EOS is a blockchain platform that allows users to deploy smart contracts, run decentralized applications (DApps) and issue custom tokens. It launched its mainnet in June of 2018, following a record-breaking initial coin offering (ICO), in which more than $4 billion were raised for the chain’s development. While many other platforms such as Ethereum, TRON, etc., offer the same features, EOS aims to distinguish itself from the competition through its improved scalability and faster transaction speeds. The chain utilizes a delegated proof-of-stake (DPoS) consensus model and boasts with the capacity to perform over 3,000 transactions per second (TPS).

    Buy/Sell EOS

    EOS price at two-month high following the announcement of a new incentive program

    EOS was one of the rare coins to finish the week in the green. In fact, its 16% price increase in last 7 days was enough for EOS to claim the title of the best performing coin of last week from the top 100 cryptos. Currently EOS is trading at a two-month high price of over $1.50. But what is fueling this uptrend, while all other coins are headed south? Well, for starters, the EOS Network Foundation revealed and opened registrations for its Yield+ incentive program last Sunday, August 14. The program’s aim is to attract decentralized finance (DeFi) applications that generate returns for their users and boost activity and TVL of the EOS ecosystem. Since the announcement of Yield+ there has already been a noticeable increase in demand for EOS tokens, but the real spike is expected on August 28, when rewards to DeFi protocols that have attracted investors and increased EOS’s TVL will be activated.

    In addition, the EOS network will soon rebrand to EOSIO to further distance itself from Block.One, the company that originally designed the network. In addition, the EOS community is currently preparing for the v3.1 Mandel Consensus upgrade, which is currently scheduled for September 21. The upgrade, which will occur via a hard fork will feature a shift to Antelope as the underlying blockchain framework. Antelope is a community-run open framework for building next-generation Web3 products and services that utilizes DPoS, just as EOS does now. Lastly, given its packed roadmap for Q3 and Q4, EOS seems like a good coin to hold also in the mid to long-term. Among other things, the EOS developers plan to introduce new cryptography primitives and add an inter blockchain communication feature in Q4.

    Image
    EOS roadmap for Q3 and Q4 2022. (Source: Yves Le Rose, CEO of ENF)

    Ethereum (ETH)

    Ethereum is an open source blockchain that pioneered smart contract functionality in 2015. The decentralized network operates in a fast, immutable, and trustless manner. Ether (ETH), which is currently the second-largest cryptocurrency by market capitalization, is Ethereum’s native asset. Although it can also be used as a medium for the transfer of value between different Ethereum addresses, it is more commonly used to execute various smart contracts. The Ethereum blockchain has enabled several blockchain-powered innovations, including ICOs, DeFi, NFTs, and DAOs. The Ethereum blockchain also hosts countless ERC20 tokens with different utilities – these include Exchange tokens (OKB, HT, UNI), DeFi tokens (LINK, MKR, COMP, SNX, etc.) and several stablecoins such as USDC, DAI, TUSD, and USDT. Ethereum is currently nearing the end of the process of transition from proof-of-work to a proof-of-stake blockchain. Once Ethereum 2.0 is fully launched, the network will be able to perform more transactions at a higher speed than today. Hopefully, this will also lower the network fees, which are a well-known Achilles’ heel of Ethereum ecosystem.

    Buy/Sell ETH

    CME will roll-out Ethereum options trading just days before “The Merge” is set to take place

    Leading our Top Coins to Watch list for the third time in the past five weeks is Ethereum – the network’s long anticipated grand finale of the transition from PoW to PoS slated for mid-September has been the biggest story in crypto for the past couple of months. The anticipation for “The Merge” keeps growing, with the price of ETH briefly surpassing $2,000 earlier this month. In addition, Ethereum has hit its 8-month high price in comparison to BTC in mid-August. Several analysts are citing clearer roadmap and a finally determined Merge date (currently estimated to execute on September 15th) as one of the key reasons why ETH is outperforming BTC lately. In addition, the CME Group, one of the largest derivatives providers in the world, recently announced it plans to launch Ethereum options trading. If the new financial product successfully passes the regulatory review, the options trading will commence on September 12, just a few day before The Merge. The ETH options launch comes after CME introduced micro-sized ETH options in March this year and ETH futures in December 2021. Despite all the development around it, Ethereum is currently in a short-term bearish trend as it fell from $2,000 to $1,640 in one week. Technical analysis shows that ETH would have to reclaim $2,000 for the bull run to regain momentum, while it will enter an even deeper bear market if it drops beneath the 50-day SMA line, that currently lies at the price of around $1,500 per coin.