Coinbase’s rebrand of its Wallet into the Base App has kicked off a SocialFi surge, sending Zora's (ZORA) activity into overdrive and leading to a massive rally for its token. Zora, which lets users mint tradable tokens tied to individual social posts, saw a dramatic rise in use following the app’s July 16 rebrand. The … Read more
Bitcoin’s surge to an all time high on Thursday evoked mixed reactions from altcoins, with some outperforming the largest cryptocurrency by market cap and others lagging behind. And that’s split along industry lines. Tokens associated with decentralized finance (DeFi) and those from layer-2 blockchains are outperforming as investors transition to a risk-on approach. Others, such … Read more
Native token of decentralized finance (DeFi) lender Aave {{AAVE}} on Tuesday rallied to its strongest price in three weeks, topping $290 as the DeFi lending sector is heating up. AAVE saw considerable volatility throughout Monday and Tuesday, rebounding from the nadir of $277.57 to $291.11, gaining some 5%, according to CoinDesk Research’s technical analysis data. … Read more