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Market dynamics on July 30: ETH public chain rebounds, with ecological coins CVX, MKR, COMP, AAVE and others rising accordingly

Market dynamics on July 30: ETH public chain rebounds, with ecological coins CVX, MKR, COMP, AAVE and others rising accordingly

Bitget2024/07/30 01:59
COMP+1.56%AAVE-0.20%CVX+2.11%

I. Market Dynamics

1. BTC plummeted, the U.S. government moved 2 billion dollars of Silk Road BTC.

2. U.S stocks fluctuated.

 

II. Market Focus

1. SOL-based BOME, RAY and others are on the rise. The trading fee income and DEX transaction volume of SOL exceed ETH, and DEX and Meme on public chains usually outperform their respective public chains. RAY benefits from Shiba Inu trades on the SOL chain. As one of the few listed Bn's in the SOL series Meme, BOME has a small market cap with new concepts, long horizontal turnover time, it could potentially become a leading concept in SOL.

2. Public chain ETH rebounds; ecosystem CVX, MKR, COMP, AAVE etc follow suit to increase as well . AAVE modifies its revenue model.

3.Real World Assets (RWA)'s ONDO is listed on exchanges but overall performance of RWA sector is average.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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