Bitcoin has made a strong comeback, jumping back over the $60K mark, but the real buzz in the market today is centered around several altcoins.
Traders are eyeing top trending assets based on discussion rates, with Chiliz ($CHZ), Aave ($AAVE), and Uniswap ($UNI) capturing the most attention.
🗣️ Bitcoin just jumped back over $60K, as traders are eyeing altcoins at the moment. The top trending assets, based on discussion rate, are:
🪙 @chiliz $CHZ: Traders expressing excitement over the $PEPPER airdrop, which requires CHZ holders to stake a minimum amount to qualify… pic.twitter.com/dihdtArOda
— Santiment (@santimentfeed) October 10, 2024
Chiliz ($CHZ) is seeing heightened excitement due to the upcoming $PEPPER airdrop. To qualify for the new tokens, $CHZ holders must stake a minimum amount, driving discussions and activity around the token.
Meanwhile, Aave ($AAVE) has sparked interest with its latest integration with World Liberty Financial, a project tied to the Trump family. This collaboration uses the Aave v3 protocol on Ethereum’s blockchain to improve decentralized finance (DeFi) access for borrowing and lending services, further elevating Aave’s prominence in the DeFi sector.
UniSwap And Ethereum Remains At Top AttentionÂ
Uniswap ($UNI) is also trending as its newly launched Layer-2 network, Unichain, has triggered a spike in both price and trading volume. This development has boosted market confidence in the platform’s future potential as a decentralized exchange leader.
Today is a pivotal moment for Ethereum: the Superchain & OP Stack have become the go-to ETH scaling solution
This is evident in the % of L2 txn's driven by OP Stack chains & more chains are coming to the Superchain
Superchain will kill network switching & fix fragmentation pic.twitter.com/2i6YEDgD0E
— Ryan Wyatt (@Fwiz) October 10, 2024
Ethereum, however, remains in the spotlight as it continues to enhance its scalability. The Superchain and OP Stack have become the preferred scaling solutions for Ethereum, driving a significant portion of Layer-2 transactions. Optimism, a key player in Ethereum’s scaling efforts, saw a surge in active addresses to 38,000, the highest since September 2023, largely fueled by its latest airdrop. Notably, the number of zero-balance addresses climbed to 4,420, indicating that many recipients sold their airdropped tokens immediately.
Active addresses on Optimism spiked to 38k yesterday, driven by the network's latest airdrop; the highest level since September 2023.
Notably, the number of zero-balance addresses also rose to 4,420, suggesting many wallets sold their allocation immediately after receiving it. https://t.co/dSwkPQwN6d pic.twitter.com/KXnwgTP1qq
— IntoTheBlock (@intotheblock) October 10, 2024
As Bitcoin rebounds, these altcoins and Ethereum’s scaling innovations are drawing trader attention, signaling a pivotal moment for the broader crypto market.
Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.
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