🔺The market is in mixed dynamics: while BTC is stagnating, Ether and most altcoins are down by -1..6%. However, a number of coins are showing good movements: CRV and MKR have increased by +13%, while tokens ZRO, W, and SUI have risen by +8% for the day.
🔺Yesterday, the dex-exchange “Hyperliquid” was significantly shaken by the manipulations of a major player with the opening of short/long positions on the meme coin JellyJelly. Against this backdrop, the exchange's native token HYPE dropped to -22% at one point, touching the range of historical lows. The HYPE token and the exchange itself are in a dangerous position: be cautious!
🔺 LayerZero is setting records again: the project has become the absolute leader in cross-chain transfers volume over the last month: $4.5 billion (or +87.4% growth). Meanwhile, other bridges (Stargate, Wormhole, IBC, and Arbitrum Bridge) are showing a decline in activity of -25..40%. The sector leader is evident.