Main Points:
- Bitcoin dropped below $57,000, Ethereum below $2,500
- Ethervista and AAVE performed well, while Uniswap faced CFTC charges
- Whales accumulating AAVE, Ethervista gaining momentum
Ethervista Gaining Momentum:
Ethervista, a platform for creating meme coins on Ethereum’s network, has seen significant growth. DeFi Llama reports that Ethervista has generated over $1.64 million in fees and amassed $5.3 million in assets. It ranked sixth in ETH gas consumption, handling over 32,500 transfers and attracting over 5,700 users.
Whale Buys AAVE:
AAVE saw a price jump to $135.56 as whales continued to accumulate the token. Nansen reported a large buyer purchasing $538k worth of AAVE and converting it to aETHAAVE for a long-term hold. AAVE has become popular among whales due to its strong fundamentals, with over $10.97 billion in assets and $244 million in fees.
Uniswap Charged by the CFTC:
Uniswap faced charges from the CFTC for offering derivatives, resulting in a $175,000 fine. Despite this, Uniswap remains a major player in the DEX industry, handling over $4.55 billion in assets in the last 7 days. Commissioner Summer Mersinger expressed concerns about enforcement actions impacting DeFi protocols.
