Global #defi

Aptos (APT), the Layer 1 blockchain that emerged from the remnants of Meta's discontinued Diem (formerly Libra) project, has recently become the newest platform for trading shares of Franklin Templeton’s OnChain U.S. Government Money Market Fund (FOBXX).

Cutoshi (CUTO) is currently making waves in the cryptocurrency landscape, especially during its pre-sale phase, as it positions itself as a formidable competitor to the popular meme coin, Pepe (PEPE).

This past week has witnessed a notable surge in altcoin performance alongside Bitcoin (BTC), leading to an increase in the Altcoin Season Index, which has risen to a two-month high of 45, according to Blockchain Center.

The Open Network (TON) has recently marked a significant milestone, with its Tether (USDT) supply crossing the $1 billion mark for the first time. This surge reflects a broader increase in both the stablecoin’s availability and weekly active users, reaching a new peak of 5 million active users.

Recent analysis of the cryptocurrency market reveals a striking trend: the AI, DeFi, and memecoin sectors have outperformed traditional Layer 1 and Layer 2 solutions over the past month.

Analysts at Bernstein have painted a positive picture for decentralized finance (DeFi) despite widespread concerns that potential Federal Reserve interest rate cuts could negatively impact Bitcoin and Ethereum.