A sharp drop in TVL and DApp use preceded Avalanche’s (AVAX) 16% correction
AVAX price gave up recent gains after correcting by 16% and the network’s declining TVL and DApp use suggest that the protocol is losing ground versus its competitors.
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DeFi’s downturn deepens, but protocols with revenue and fee sharing could thrive
It’s too early to know if DeFi is “dead,” but platforms that share revenue with liquidity providers and token holders could be the ones that survive the bear market.
Nervous Network (CKB) price posts double-digit gain after Godwoken layer 2 launch
CKB booked a 35%+ gain after the release of its Godwoken L1 solution and the launch of a new NFT marketplace.
Blockchain-based games see an uptick in users despite bear market conditions
Data shows blockchain-based gaming protocols registered a steady uptick in daily active users and transactions despite the current bear market conditions.
Lido DAO price moves higher as the Ethereum Merge moves a step closer to completion
LDO price books a 45%+ monthly gain as the Ethereum network moves closer to completing its proof-of-stake upgrade.
P2E gaming is in a rut, but Axie Infinity (AXS) could rebound for 3 key reasons
AXS could recapture its former glory if market participants view the launch of land staking, increasing activity on the Ronin bridge and upcoming roadmap targets as bullish catalysts.
Traders debate whether Solana (SOL) is a buy now that it’s down 87% from its all-time high
SOL price is 87% down from its all-time high, but do improving fundamentals strengthen its investment thesis?
Stratis (STRAX) gains 200%+ after Sky Dream Mall metaverse and stablecoin announcement
STRAX price bucked the market-wide bearish downtrend by rallying 200% after the team unveiled plans for a British pound stablecoin and a new metaverse.
Celsius (CEL) price gains 600%+, but analysts cite exchange error and a massive short squeeze
CEL price abruptly rallied 600%+ on June 14, but analysts say it’s likely due to an exchange glitch or a liquidation of short traders.
Ocean Protocol, Helium and Chainlink post monthly gains while Bitcoin price consolidates
Roadmap and protocol upgrades are a few of the factors behind the month-long rally in LINK, OCEAN and HNT.