DAI call speed has increased; Avalanche completes Banff update

Stock markets have grown because traders estimated the reporting season against the background of growing indicators. The profitability of treasury bonds remains increased, since the income is greater than the expected, low estimates and a change in the economic course increased the risk tendency. According to the results of the study, global fund managers believe that the shares will affect the bottom in early 2023, when the Fed will refuse a sharp increase in the rate.

The cryptocurrency market showed signs of weakness, despite the return of the tendency to risk. BTC could not resist the level of $ 19,600 and its price was adjusted below. At the time of writing this text, the largest cryptocurrency in market capitalization is traded at a reversal level of $ 19,000, having lost 1.5% of the market value over the past 24 hours. ETH has a little worse – cryptocurrency fell 2.3% for the same period, and now it hardly holds the level of $ 1,300. Altcoins with medium and large capitalization decreased to varying degrees. The exception was AAVE and MKR, which avoided correction and rose by more than 3% in the same period of time.

Let’s move on to stablecoin. The DAI token significantly increased the speed of circulation. This indicator demonstrates the relative turnover of the cost of tokens between the accounts in the native network. Most likely, such a positive trend for DAI is associated with significant activity onchain, which sharply increased the popularity of token as security in the field of Defi. It is also worth noting that the USDC call speed is rapidly increasing since the beginning of this year amid the growing demand for centralized exchanges.

Deserves attention

On Tuesday, the Aptos blockchain launched Mainnet. At the time of writing this text, the Native token of the APT network reached a fully diluted cost of $ 7 billion. APT holds 13th place among all cryptocurrencies, slightly lagging behind Matic. The project is known for being created with an eye on the failed Diem stablecoin from Meta Platforms and is written in the Move programming language based on Rust. Aptos is supported by investors such as A16Z. 130 thousand transactions per second (TPS) are held on the network, and more than 300 projects operate in the ecosystem.

The whole city is buzzing about this

Today, the Banff update has been renewed on the Avalanche blockchain, completing the launch of the Elastic Validation function for the creators of the subnet. The update offers more settings and control over ecosystems, including the ability to indicate their own steiking parameters and provide validators of rewards in tokens. Patrick O’Gradi, the head of the technical department in Ava Labs, said that elastic subnets are the most important function of all that appeared https://gagarin.news/ru/news/us-national-network-of-prosecutors-to-fight-crypto-crimes/ since the launch of Avalanche in 2020.