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The total value of digital currencies slipped by 3.5% on Friday trading, but in the top 30, investors continued to buy Avalanche (AVAX), Uniswap (UNI) and Polygon (MATIC). In many ways, the positive trends of the listed assets are associated with corporate news, but the very fact of their growth indicates the short duration of the decline in cryptocurrencies.
The developers of the Avalanche blockchain tried to give many reasons for yesterday’s altcoin growth by 5%, which led to another advancement of AVAX in the top 10 ranking.
The Avalanche ecosystem will now be filled with new projects selected from accelerator programs launched in partnership with the DeFi Alliance Web3 Accelerator. This fund owns 1% of all DeFi companies that emerged during the two-year boom in decentralized finance.
On Thursday, the altcoin AVAX became available in the cold and hot custodian BitGo. This move indicates a high interest in the cryptocurrency from institutional clients of the service, which processes 20% of all transactions on the Bitcoin network.
In addition to safely storing AVAX on the BitGo platform, all users have access to an additional layer of security using the Gnosis Safe smart contract wallet. DAO funds can now be deployed on Avalanche by pre-configuring a threshold for the number of signatures that approve a transaction.
The growth of the UNI utility token rate by + 4% is associated with improvements in the trading functions on the DEX exchange after the launch of the Auto Router on Uniswap v2. Users will receive the best prices and optimal gas prices, as well as support for second level protocols on Ethereum.
Auto Router also works on Uniswap v3, allowing you to automatically find the best deals without switching between the two versions of the DEX exchange. Two types of the second layer protocol are available to users: Optimistic and Arbitrum
The growth of Polygon is associated with the decision of the founder of the social network Reddit to create a joint venture fund with developers. The protocol will become a platform for smart contracts associated with the Metauniverses, to support which will be spent $ 200 million.
Probably, the founder of Reddit will be able to increase funding after the successful IPO of the social network. The funds received during the placement will also be spent on transforming social communication into the Metaverse format in order to successfully compete with Facebook.
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