Singapore leverages Polygon and Aave in first DeFi wholesale markets transaction

The live trade is the first of Singapore's Project Guardian pilot, which aims to explore the potential of DeFi applications in wholesale funding markets. The post Singapore leverages Polygon and Aave in first DeFi wholesale markets transaction appeared first on The Block.

Timeline of Aave, Polygon

A new report by Messari on the state of the Polygon network revealed an increase of new addresses QoQ of 180%. The post New Messari Q3 report on Polygon – bullish on growth of ecosystem appeared first on CryptoSlate.

As  of 31 October, Aave had been experiencing a surge in its Total Value Locked (TVL), according to statistics from DefiLlama. Following the initial release of the protocol, the team went on to develop versions 2 and 3.

The Aave price analysis is going through a loss as the price underwent a decline up to $83.47 today. The downtrend has been quite constant since yesterday, and even today, the price has followed a downward movement.

MATIC didn't have to wait for Bitcoin to initiate a price rally and cause the USDT dominance to decline just to have a bullish momentum. In fact, according to tracking from Coingecko, the cryptocurrency managed to increase its value by 24.3% over the last 30 days – the same period where most digital currencies struggled to stay on the green zone.

MAtPolygon (MATIC), the Ethereum layer-2 protocol, is swimming in gains throughout October. The last seven days alone have seen the coin increase by over 12% and currently sits at a value of $0.941.

During recent weeks, when the prices of Bitcoin, Ethereum, and other altcoins have struggled to hold their key Support levels, the price of Polygon (MATIC) has been one of the standout performers. The price of Polygon showed strength by holding above the region of $0.77 and is currently inching closer to $1.

MATIC has been bullish over the past two weeks, and saw a bullish market structure break on the 12-hour timeframe. The sweep of the range lows provided a positive reaction, and the next target was the $1.05 region.

Dogecoin has managed to smash above $0.072 for the first time in ten weeks, coinciding with the breakout of Ethereum. With repeated rallies and downtrends in bigger coins, it's an open challenge for the lesser-known coins to gain market traction.

Polygon MATIC price has maintained a relatively stable uptrend despite the larger crypto market's uncertainty.   The post Why Polygon MATIC Price Could Experience Another Bullish Breakout appeared first on BeInCrypto.

Aave price analysis shows a bearish trend as the token is currently unable to break above the $85.13 resistance. This follows a recent bearish run that saw AAVE drop from highs of $88.00 levels.