Analysis of the EYWA Project: Is it an Opportunity or a Risk?
EYWA is a project aimed at solving the liquidity fragmentation problem in the DeFi world by connecting different networks and facilitating trading between them using powerful tools such as:
• Consensus Bridge (using protocols like Axelar and Chainlink CCIP)
• CrossCurve based on the concept of Curve Finance
The project promises to make decentralized finance simpler and more efficient for the average user while maintaining the principle of true decentralization.
However, despite this good technical vision, the numbers tell a different story:
• Sharp decline in price: -91% since the beginning of the year
• Current market capitalization: only $1 million
• Huge final supply: 1 billion tokens, while the circulating supply is only 72.8 million
• Global ranking: #3485
In summary:
The idea of the project is excellent, but market confidence is currently very weak. If you are considering investing, it is considered high risk, and it is better to just watch for now until strong indicators of growth or real adoption appear.
Do you think the project is worth following, or is it just a nice idea that hasn’t found ground?
Share your opinion?
Don’t forget to follow me for the latest updates ❤️