Tokens and coins that moved the most in the last 24 hours:
Top movers of the day are Wing Finance and Synapse which has increased by 4.38% since 7 pm. Wing Finance is slighlty lower (-0.20% as of 7 pm).
The crypto markets finished the day in green as illustrated by an adjacent chart showing the movement of the NWSBCT Index (Blue Chips) over the past 24 hours. 2100NEWS DA Indexes ended between +4.73% and +7.49%. Our main 2100NEWS Digital Assets Total Index (NWST1100) ended +6.64%. Bitcoin ended +5.68%, Ether ended +8.53%.
Please read the notes to find out which criteria have been selected.
Synapse is a cross-chain layer ∞ protocol powering frictionless interoperability between blockchains. By providing decentralized, permissionless transactions between any L1, sidechain, or L2 ecosystem, Synapse powers integral blockchain activities such as asset transfers, swaps, and generalized messaging with cross-chain functionality – and in so doing, enables new primitives based on its cross-chain architecture. While Synapse’s focus is on cross-chain transactions, at its core, there has been and continues to be an AMM that enables low slippage swaps between pegged assets on any chain. At any point, users can use Synapse to swap between native stablecoins at the best rates on all Synapse-enabled chains.
Top movers of the day at 19:10 are Synapse and Optimism. Since 2 pm Synapse has surged 35.06%, Optimism 31.78%. Wing Finance is 27.69% higher.
In the afternoon the crypto markets went up significantly. Since 2 pm 2100NEWS DA Indexes have increased between 2.14% and 3.92% (NWSET100). Our main 2100NEWS Digital Assets Total Index (NWST1100) has increased by 3.62%. Bitcoin has increased by 2.97%, Ether even 5.37%.
Optimism is a layer-two blockchain on top of Ethereum. Optimism benefits from the security of the Ethereum mainnet and helps scale the Ethereum ecosystem by using optimistic rollups. That means transactions are trustlessly recorded on Optimism but ultimately secured on Ethereum.
Top movers of the day are Wing Finance and XYO. Since 9 am Wing Finance has soared 65.75%, XYO 41.77%. Bella Protocol has surged 29.32%.
The crypto markets trended sideways. In the last 24 hours 2100NEWS DA Indexes which measure the performance of different groups of tokens and coins have increased up to 10.54%. 2100NEWS Digital Assets Total Index (NWST1100) is 9.73% higher. Bitcoin has increased by 8.87%, Ether 12.22%.
Wing Finance (WING)
Wing is described to be a credit-based, cross-chain DeFi lending platform dedicated to the crypto asset lending and cross-chain interactions between DeFi products. The project’s decentralized governance model and risk control mechanism are described to promote a mutually beneficial relationship between borrowers, creditors, and guarantors. Wing has also developed a credit evaluation module as a showcase example of credit-based decentralized lending.
Top movers of the day are Wing Finance and Bifrost. Since midnight Wing Finance has surged 48.23%, Bifrost 23.31%. Lido DAO Token is 16.83% higher.
Today the crypto markets started out higher. Since midnight the large caps measured by 2100NEWS Digital Assets 100 Large Cap Index (NWSL100) have increased by 1.67%. Our main 2100NEWS Digital Assets Total Index (NWST1100) which measures the performance of the major 1100 crypto assets by market capitalization is 1.95% higher. Bitcoin and Ether have increased more than 2%: BTC +2.05%, ETH +2.25%.
Lido DAO (LDO)
Lido is a liquid staking solution for ETH backed by industry-leading staking providers. Lido lets users stake their ETH – without locking assets or maintaining infrastructure – while participating in on-chain activities, e.g., lending. Lido attempts to solve the problems associated with initial ETH staking – illiquidity, immovability, and accessibility – making staked ETH liquid and allowing for participation with any amount of ETH to improve the security of the Ethereum network.
Bifrost is a multichain middleware platform that enables developers to create Decentralized Applications (DApps) on top of multiple protocols. To practice inclusive finance and provides a new environment where developers can combine the best protocols to develop substantially more scalable and flexible DApps. With Bifrost, developers can write smart contracts for multiple blockchain protocols in a unified environment. They select the target blockchain for each part of the code, then Bifrost will transpile, compile, and deploy the code into the target blockchains at once. Developers can also easily operate their DApps and even switch the target blockchain as new and better protocols become available.