Shiba Inu (SHIB) is once again on the agenda with trillions of transfers. AAVE has released its stablecoin GHO on Ethereum. Hot developments from the altcoin market are as follows…
Whale that has been sleeping for weeks has moved trillions of SHIBs
Whale Alert reports that a whale moved a total of 4,113,777,233,445 SHIBs worth $32.86 million from one anonymous wallet to another on Friday. Meanwhile, SHIB skyrocketed to $0.00000833. This move helped it reach a price level not seen since June 22. SHIB is up about 12% from the low of $0.00000745 the day before.
Cardano’s weekly report reveals its outstanding performance
According to the weekly report data released by Input Output Global, the total number of Cardano network transactions has exceeded 71 million, reaching 71.2 million. Currently there are 135 projects launched on Cardano while there are 1264 projects on Blockchain that are in various stages of development.
This week, a number of altcoins previously classified as securities by the SEC have made relatively large gains since the Ripple lawsuit concluded that “XRP is not a security.” According to OKX market data, ADA has increased by a maximum of 32% since then. It is currently trading at $0.3316.
ARB rises independently of its competitors
ARB briefly climbed above $1.33, according to OKX market data. Earned up to 8% on the day. The acceleration is also effectively reflected in the network performance…
According to the weekly Arbitrum report, the network recently surpassed the 300 million transaction milestone. This success confirms that the network is experiencing strong utility and growth.
Alongside the milestone, Arbitrum also confirmed that it will hold the Security Council elections on September 15. According to the official announcement, the elections will involve many sensitive issues, including the critical risks to which Arbitrum is exposed.
Liquidity will launch V2 in 2024 using ETH
DeFi lending deal Liquity reported on its official social media that Liquity V2 will be publicly released in 2024. The V2 version will specifically expand existing products and provide new reserve support with the committed ETH stablecoin model.
Aave’s native stablecoin GHO is live
Aave has released its decentralized stablecoin GHO on Ethereum. Aave DAO passed a vote to approve the AIP proposal to launch the GHO on the Ethereum network. This proposal aimed to introduce GHO to the Ethereum network through Aave V3 and FlashMinter. With the launch of the GHO, Aave V3 users will be able to immediately use this stablecoin to borrow money. Aiming to provide stability and security to users in the Aave ecosystem, GHO offers an alternative to volatile cryptocurrencies by maintaining a fixed value pegged to a particular asset or a basket of assets.
In the official announcement, the Aave team said, “Aave DAO has successfully launched GHOAave on the Ethereum Mainnet. Congratulations to the Aave community for this historic moment!” said.
Linea launches offer for “Aave V3”
Flipside Crypto and ConsenSys’ Layer2 network Linea launched a temperature control proposal in the Aave community to “deploy Aave V3 on the Linea mainnet”. However, it was stated in the proposal that the offer has not been submitted yet. According to the established timeline, the team hopes to advance the discussion to the management phase, which follows mid- to late-August. Linea specifically allows Aave to leverage distributions built from the Consensy suite when deployed on the Linea mainnet.
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