This week saw significant changes in the crypto market, particularly due to advancements in projects like BlockDAG, AAVE, and Ondo.
BlockDAG: Rapid Growth and Scaling
BlockDAG continues to gain popularity, confirming a listing price of $0.05 and attracting investor attention. To date, the project has raised $299 million, sold 22.4 billion coins, and acquired 1.5 million users through its X1 mining app. BlockDAG is backed by global partnerships and undergoes complete auditing, positioning it as one of the leading contenders in the cryptocurrency market.
AAVE: New Yield System and Price Surge
AAVE is attracting attention after launching its Umbrella upgrade, offering users new earning opportunities. The upgrade allows users to stake aTokens such as aUSDC and aETH for yields of up to 11% APY. As a result of these changes, the amount moved into AAVE increased by $7.5 million, triggering a 17% price jump within a week. AAVE now controls 45% of the DeFi lending sector.
Ondo: Launch of Tokenized Treasuries
Ondo made a significant leap by launching $30 million worth of tokenized U.S. Treasuries on the XRP Ledger through its OUSG product. Institutions can now mint and redeem OUSG in real time, gaining access to Treasuries on-chain. Following the announcement, the price of ONDO climbed to nearly $0.90, reflecting growing investor interest.
In conclusion, AAVE, Ondo, and BlockDAG are moving forward, attracting investor attention and developing new technologies. BlockDAG, in particular, is becoming one of the fastest-growing projects in the market, which could change its standing in the future.
