Each day, we bring you the top trending crypto coins on DEXTools and a presale project to keep an eye on. Recently, there has been a significant increase in decentralized exchange (DEX) trading on Optimism, Ethereum’s layer 2 scaling solution. This surge in activity highlights the growing importance of layer 2 scaling solutions in the crypto space.
According to data from DefiLlama, the 24-hour trading volume on Optimism has reached $344.98 million, with a 7-day trading volume of $11.87 billion—a staggering increase of 1687%. This surge has propelled Optimism’s DEX trading volume beyond that of Ethereum itself.
1. LiquidLayer Token (LILA)
LiquidLayer is an innovative blockchain project that introduces a highly scalable Proof-of-Work (PoW) blockchain with a unique Liquid-Staking-Derivative (LSD) Bridge. The LSD bridge allows users to earn APY on bridged assets instead of simply locking them. With impressive scalability and fast finality, LiquidLayer challenges conventional limitations while maintaining a commitment to decentralization.
The recent surge in trading volume and price increase indicate growing market interest in LiquidLayer as a player in the evolving crypto landscape. However, potential investors should exercise caution due to the inherent risks and volatility of the cryptocurrency market.
2. Airtor Protocol (ATOR)
ATOR Protocol aims to empower decentralized internet relay operators and contribute to open and anonymous protocols. The project introduces the ATOR Protocol, which facilitates on-chain recognition rewards for relay operators, starting with the Tor network. It also provides low-powered computing devices for non-technical users to passively contribute to decentralized internet protocols and earn ATOR tokens.
ATOR’s mission revolves around educating and recognizing relay operators globally, fostering decentralization, anonymity, and security within open protocols. While it presents exciting opportunities in decentralized networks, thorough research is recommended before making any investment decisions.
3. Bitago (XBIT)
Bitago offers a blockchain-based loyalty program that overcomes the limitations of traditional cashback programs. By allowing customers to accumulate cryptocurrencies through regular transactions with participating merchants, Bitago provides an innovative and user-friendly approach to earning crypto tokens. Strategic partnerships with merchants broaden the scope of cryptocurrency acceptance and create a thriving ecosystem.
Bitago’s focus on user-centricity, seamless tracking of purchases, cashback rewards, and overall cryptocurrency earnings make it an attractive project within the blockchain space. However, investors should conduct thorough research to assess its long-term potential and align it with their investment goals.
Hot Take: What Might Be The Next Top Trending Crypto?
$SPONGE is a meme cryptocurrency that has gained significant traction since its launch on the Ethereum network. Despite experiencing some dips, it has demonstrated meteoric growth, outperforming similar meme tokens. With its Sponge staking dashboard offering passive income opportunities and an airdrop program for active participants, $SPONGE distinguishes itself within the meme token landscape.
While the recent growth is impressive, potential investors should approach with caution due to the inherent volatility of the cryptocurrency market and the speculative nature of meme tokens. Thorough research is advised before considering any investment in $SPONGE or any other meme token.
Read More:
– [DefiLlama](https://ca.finance.yahoo.com/news/data-provider-defillama-emphasizes-double-181541848.html)
Insa’s extensive background in the financial realm encompasses roles as a writer, trader, and personal finance coach. Her proficiency spans a wide spectrum, ranging from commodities and indices to forex and cryptocurrencies. Insa’s specialization lies in furnishing strategic investment advice tailored to the fintech investment niche.