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Crypto

Altcoin rally shakes Bitcoin market share without broad-based rise

Bitcoin\'s market dominance fell to 54 percent, the lowest in a month, while the share of cryptocurrencies excluding Bitcoin, Ethereum and stablecoins rose to 24.68 percent. The move was not explained only by Bitcoin weakness, as sentiment improved but stayed in extreme fear. Funds concentrated in projects with clear revenue and buyback or burn mechanisms, and in tokens tied to Solana activity or institutional distribution.

Crypto

EtherFi proposes deploying dedicated Aave V4 instance on OP Mainnet

EtherFi has proposed deploying its own Aave V4 lending system on OP Mainnet. It applied through a temp check to launch a white-label Aave V4 instance that would serve as credit backend infrastructure for its Visa card product, EtherFi Cash. The new instance would share liquidity with Aave but remain separated from other markets. EtherFi would handle configuration, risk parameters, liquidity and operations, while Aave would provide deployment and operating licences and take a fee from revenue.

Crypto

Aave tops $100 million in deposits on Monad two days after launch

Decentralised lending protocol Aave has surpassed $100 million in deposits on the Monad blockchain, The Block reported on Friday, citing TokenLogic. The milestone came two days after Aave began services on Monad. Monad is an EVM-compatible layer 1 built by former Jump Trading developers. Monad’s total value locked stood at about $359.5 million as of June 8. The deposits include incentives from the Monad Foundation and Aave DAO.