An altcoin project is 2% in trading volume for 24 hours after being listed on major exchanges and partnering with giant DeFi projects. 000 padolsama lived. Let’s take a look at the newest breath of the DeFi world, accompanied by analyst Jordan Finneseth…
Star altcoin project of the day: Enzyme Finance (MLN)
Cryptocoin. com, DeFi projects are blockchain-based ecosystems of the future that can shape global financial markets and change the way individual investors manage money. Enzyme Finance is the cutting-edge technology of DeFi projects, into which the world is slowly being absorbed, that allows users to “build and scale safes”. The technical review of MLN is as follows…
On the technical side of MLN, the first thing that stands out is that since it hit $65 on June 30, its price has increased by 92% to hit an intraday high of $125 on June 5. The three main reasons MLN experienced a padol in July were its token liquidity, the listing of several new exchanges helping to increase investor reach, and Yearn. It makes a new partnership with finance and then the amount of value added to the protocol increases.
MLN’s first attack after being listed on exchanges
As analyst Jordan Finneseth points out, listing on exchanges can cause spikes in price and trading volume. The last padollama comes after MLN was listed on the leading crypto exchange Binance. Enzyme Finance, which caught its first increase of 55% after entering the stock market, rose to $ 125, 2% in the last 24 hours of trading volume. It increases by more than 000 to reach $148 million. Binance’s Twitter announcement was as follows:
Additionally, Enzyme’s listing on Binance, MLN’s cryptocurrency exchange Gate. io, and both listings come about a month after the project began trading on the US’s largest cryptocurrency exchange, Coinbase. The partnership of the project with DeFis also resulted in the finalization of the summit.
DeFi partners of Altcoin Enzyme Finance draw attention
Apart from its listing, the second development that gave impetus to Enzyme Finance came with DeFi partnerships. Enzyme and Yearn. The cooperation between finance and finance was announced on the project’s official Twitter account on July 5, as follows:
Thanks to this partnership, Yearn vaults are now part of the overall investment strategies of portfolio managers at Enzyme, making Enzyme Finance one of the most comprehensive and cross-integrated DeFi platforms. Thus, the interest of investors in Enzyme is awarded for the third time.
Investors raid Enzyme Finance pools
Finally, after the above announcements, Enzyme Finance pools more than doubled from $40 million to $110 million, according to DeFi pulse data. This shift in the TVL rate goes back to the collaboration between Enzyme Finance and Unslashed Finance, according to the analyst.
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