ALEX Pioneering Bitcoin’s DeFi Landscape with Remarkable Milestone & Strategic Innovations
The post ALEX Pioneering Bitcoin’s DeFi Landscape with Remarkable Milestone & Strategic Innovations appeared on BitcoinEthereumNews.com.
The crypto market is experiencing some short-term turbulence after the approval of the Ethereum Spot ETF amidst Mt. Gox BTC repayments and a broader stock market rout. However, the stablecoin market cap has surpassed $164 billion for the first time since Terra’s collapse in May 2022. Moreover, crypto is fast becoming a significant political issue ahead of the U.S. presidential election in November 2024. Everyone is vying for the crypto community’s attention, with the US having its first openly pro-crypto Presidential candidacy in Trump/Vance. In fact, former President Donald Trump is all set to make crypto history by speaking at Bitcoin Nashville later this week. Moreover, the CEO of the world’s largest asset manager, BlackRock, with $10.6 trillion in AUM, which has now become the largest Bitcoin investment fund, is calling the decentralized asset “digital gold.” “It is a legitimate financial instrument that allows you to maybe have uncorrelated type of returns. I believe it is an instrument that you invest in when you’re more frightened, though. It is an instrument when you believe countries are debasing their currency by excess deficits, and some countries are,” is what Larry Fink has to say about Bitcoin, who was a “skeptic” before he studied the asset and changed his mind. So, as Bitcoin continues to gain mainstream attention and institutional adoption, the development of the world’s largest crypto asset with a market cap of $1.2 trillion continues to grow, with ALEX leading this trend. The project building decentralized finance (DeFi) on Bitcoin recently accomplished a milestone as its total transaction volume (TTV) surpassed $2 billion. This milestone came despite ALEX suffering a setback in the first half of the year. It shows that the protocol is back with a bang and strong community support as ALEX continues to be the top DEX…
Filed under: News - @ July 26, 2024 11:20 am