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‘Russian Ethereum’ Spiked 90% Last Week, Outperforming Bitcoin, Dogecoin – Benzinga

‘Russian Ethereum’ Spiked 90% Last Week, Outperforming Bitcoin, Dogecoin – Benzinga
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Waves (WAVES), sometimes dubbed as “Russian Ethereum” was the top gainer last week. The Sasha Ivanov-created token soared over 90% to $8.77 over a seven-day period, according to CoinMarketCap data.

WAVES weekly gains outpaced those of major coins such as Bitcoin BTC/USD, Ethereum ETH/USD and Dogecoin DOGE/USD.

Top Gainers of Week Ending June 6, 2022 (Data via CoinMarketCap)
Cryptocurrency 7-Day % Change (+/-) All-Time High Value/Date Reached % Change (+/-) Since All-Time High
Waves (WAVES) +90.8% $62.36 On Mar 31, 2022 -85.8%
Helium (HNT) +25.6% $55.22 On Nov 12, 2021 -82.2%
Cardano (ADA) +20.4% $3.10 On Sep 2, 2021 -80%
Chiliz (CHZ) +15.15% $0.89 On Mar 13, 2021 -85.05%
Chainlink (LINK) +14% $52.88 On May 10, 2021 -84.8%
AAVE (AAVE) +11.4% $44.17 On May 3, 2021 -56.1%

See Also: Best Crypto Debit Cards

Call For Neutrino To Come Home To Waves

The Neutrino Protocol called for the holders of the token to “come back” to Waves. Neutrino USD (USDN) has lost its peg twice in a period spanning two months and there are dangers of a third de-pegging should large-scale selling occur, said the Protocol in a blog post last week.

The call by the protocol behind Neutrino is geared at supporting the stability of the coin and reducing the effect of external liquidity pools and improving the liquidity on Waves among other reasons, according to the blog.

Meanwhile, Ivanov pointed out that USDN annual percentage yield is nearly 70% on Vires, a decentralized non-custodial liquidity protocol based on Waves.

https://t.co/FQc8RTH1vk

Meanwhile $USDN APY is around 70% on Vires.

— Sasha Ivanov  (1 ➝ 2) (@sasha35625) June 3, 2022

Master Plan For DeFi

Last week, Waves also released its DeFi Master Revival plan, which addressed the de-pegging of USDN from the dollar after Terra Classic (LUNC) and TerraClassicUSD (USTC) collapsed.

The plan involves buying and locking CRV tokens with 45% of WAVES staking profits from Neutrino. 

Lamboway Contest

Waves.Exchange is holding a Lamboway Contest, which began on May 30. Anyone who invests a small amount of USDT or USTC, in the Lambo Investments product stands a chance to win a supercar.

New round of Lamboway

Win a car of a dream

Invest $USDT or $USDC https://t.co/4NcKc0MIU2 The earlier you invest the better your chances to win!

Hold your investment until the end of the contest

Follow the Twitter

Read all the terms in our articlehttps://t.co/A2lGHWM6aN pic.twitter.com/IkermLHC0i

— Waves.Exchange  (1 ➝ 2) (@Waves_Exchange) May 30, 2022

Read Next: Dogecoin Co-Founder: Crypto Is ‘Parasitic’ With Its Claws In Every Scam





Read More:‘Russian Ethereum’ Spiked 90% Last Week, Outperforming Bitcoin, Dogecoin – Benzinga

Tags: BenzingaBitcoinDogecoinEthereumoutperformingRussianSpikedWeek
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