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The performance of several coins this week has been impressive, as indicated by their price movements. The surge in prices can be attributed to the release of this week’s CPI reports, which have caused other tokens to experience a decline.
Pendle Price Review
Pendle (PENDLE) has emerged as the top gainer of the week, with significant price movements during today’s session. As of the latest update, Pendle is trading at $6.09, showing a 12.5% increase compared to its price over the past seven days. The token’s market cap currently stands at $942 million.
The surge in Pendle’s price can be attributed to the attention its incredible APY rates have received. According to a recent report by Messari, Pendle USDe and sUSDe pools offer APYs of around 30%. Furthermore, there is speculation surrounding a second Ethena airdrop.
Looking for the best stablecoin yield? Currently, Pendle USDe and sUSDe pools offer APYs around 30%, and there is speculation about a second Ethena airdrop. Additionally, platforms like Morpho, Aave’s Merit Program, and BounceBit provide alternative opportunities with competitive rates.
Lido DAO Price Review
Lido DAO (LDO) is another coin that has experienced gains this week, as reflected in its positive price movements. As of the latest update, Lido DAO is trading at $2.22, showing an 11.24% increase compared to its price over the past seven days. The token’s market cap currently stands at $1.9 billion.
The surge in Lido DAO’s price can be attributed to a recent partnership announced by the token’s community, which has generated enthusiasm. On June 19th, the community announced its partnership and participation as a speaker at LRTFi Summer, an event that has sparked further interest in the token.
We’re excited to welcome our partner @LidoFinance as a partner and speaker at #LRTFi_Summer. Lido, a premier liquid staking solution for Ethereum (ETH) and Polygon (MATIC). Their stETH is Ethereum’s leading liquid staking token, offering top-notch security and deep liquidity.
Ethereum Name Service
Ethereum Name Service (ENS) is another coin that has seen significant gains this week, as indicated by its price movements. As of the latest update, Ethereum Name Service is trading at $24.78, showing a 5.67% increase compared to its price over the past seven days. The token’s market cap currently stands at $780 million.
The surge in Ethereum Name Service’s price can be attributed to a new development within the token’s community. On June 20th, ENS DAO announced the launch of its third Large Grants round for Q3 2024 as part of its Public Goods project. This announcement has generated more enthusiasm for the token.
Exciting News! The ENS DAO Public Goods Working Group is launching its third Large Grants round for Q3 2024! With a prize pool of 300k USDC, this is a great opportunity for teams building onchain, open-source software and for those aiming to educate the community! 1/x
Tron Price Review
Tron (TRX) is another coin that has experienced gains this week, as evidenced by its price movements. As of the latest update, Tron is trading at $0.1203, showing a 4.5% increase compared to its price over the past seven days. The token’s market cap currently stands at $10.4 billion.
The surge in Tron’s price can be attributed to the upcoming Independence Day celebration on the Tron network. The event, which is only two days away, marks six years of innovation and growth on the network and has attracted attention to its native token.
Only 2️⃣ days until #TRON’s 6️⃣th Independence Day celebration! Join us as we celebrate six years of innovation and growth on the #TRONNetwork, leading the way in #decentralization! #TRON6Years
Maker Price Review
Maker (MKR) is another coin that has seen gains in today’s session, as indicated by its price movements over the period. As of the latest update, Maker is trading at $2,400, showing a 1.9% increase compared to its price over the past seven days. The token’s market cap currently stands at $2.2 billion.
The surge in Maker’s price can be attributed to a recent proposal that suggests an increase in the sUSDe 91.5% LLTV pool supply cap to 200 million DAI, as well as an increase in the sUSDe 86% LLTV pool supply cap to 500 million DAI.
New proposals are now open for voting on the Maker Governance Portal. Following @phoenixlabsdev’s latest suggestions on the Maker Forum, three active polls are now open for voting on proposed changes to Spark’s MetaMorpho Vault and SparkLend.
[Mainnet] Update Spark’s…