The cryptocurrency world is witnessing interesting trends, notably with AAVE, Pi Network, and BlockDAG taking important positions in the market.
AAVE's Path to $380
AAVE is showing significant growth, surpassing the $323 mark with an increase of more than 24% over the past month. It is expected that surpassing key resistance levels could open the way to $370–$380 in the short term. In July, there was a 55% increase in net deposits to $60 billion, indicating strong activity in DeFi. AAVE accounts for 28% of the total DeFi TVL, allowing it to generate substantial revenues.
Pi Network's Growth
Pi Network is also demonstrating growth, increasing by 17.6% in the past week. Its mobile mining system attracts a significant number of users, creating a community of millions. The activation of DeFi and NFTs through integration with Ethereum enhances the project's appeal. The new Fireside Forum app is aimed at supporting user engagement.
BlockDAG's Success
BlockDAG has also become a notable player in the market, raising $374 million ahead of launch. The centerpiece is Dashboard V4, a system that provides real-time interaction for participants. With broad access to mining via smartphones, the project attracted more than 2.5 million active users. The implementation of a referral system is aimed at rapidly expanding the community.
Thus, AAVE, Pi Network, and BlockDAG represent significant players in the crypto market. While AAVE and Pi Network focus on short-term growth, BlockDAG aims to create a sustainable infrastructure and maintain long-term interest.
