Aave (AAVE) and Polygon (MATIC) Partnership Doesn't Buoy Their Price, While TMS Network's (TMSN) Presale Event Brings In Eye-Watering $4 Million
In recent news, two major players in the decentralized finance (DeFi) space, Aave (AAVE) and Polygon (MATIC), have announced a partnership aimed at enhancing the DeFi ecosystem.
In recent news, two major players in the decentralized finance (DeFi) space, Aave (AAVE) and Polygon (MATIC), have announced a partnership aimed at enhancing the DeFi ecosystem. However, despite the buzz surrounding this collaboration, the price of both tokens has not seen a significant rise.
On the other hand, the presale of TMS Network (TMSN) has attracted a lot of attention, rising over $4 million in a few short weeks.
Aave (AAVE), the leading decentralized lending protocol with nearly $8B in total value locked (TVL), is preparing to launch on Polygon's (MATIC) new zkEVM Layer 2 network. A preliminary poll was recently approved, and if passed in the formal on-chain vote, Aave (AAVE) v3 will initially support USDC, ETH, and Polygon (MATIC). The deployment could benefit both Aave (AAVE) and Polygon (MATIC) by driving significant value onto the fresh-faced zkEVM network and potentially giving Aave a competitive edge over rival lending protocols.
Aave (AAVE) v2 was one of the first DeFi protocols to launch on Polygon's (MATIC) PoS sidechain in 2021, which led to a $40M liquidity mining program and Polygon's (MATIC) TVL rocketing to an all-time high of nearly $10B. Aave (AAVE) v2 remains the top protocol on Polygon (MATIC) PoS, and the deployment of Aave (AAVE) v3 on Polygon's (MATIC) zkEVM could further expand Aave's (AAVE) presence across Ethereum's growing Layer 2 ecosystem.
Although the partnership with Aave (AAVE) is great news for Polygon (MATIC), it hasn’t impacted its value as investors hoped. Currently, Polygon (MATIC) is declining and unable to support the $1.00 resistance level, trading at $0.98. During the last week, Polygon (MATIC) has fallen 15.19% and has experienced a significant drop of 4.24% in the past 24 hours.
TMS Network (TMSN)
TMS Network (TMSN) is a blockchain project revolutionizing the trading industry by allowing investors to trade various digital assets on a single platform through crypto payments. TMS Network (TMSN) operates on smart contracts, making trading activities cheaper and immune to third-party interference. Also, TMS Network (TMSN) has implemented on-chain analytics for advanced price analysis and provides traders with advanced features, including trading bots and robust back testers.
What makes TMS Network (TMSN) unique is its ingenious revenue-sharing model, where all token holders are apportioned the platform’s revenue generated through a small fee charged on all transactions.
TMS Network (TMSN) has successfully culminated two stages of its presale and has kicked off stage 3, which is selling out fast. The current market value of TMSN Network (TMSN) tokens has surged 1600% from its launch price of $0.0047 to $0.080, and market analysts predict that it can grow by 100x after getting listed on the Uniswap exchange in June 2023.
TMS Network (TMSN) has utilized the best market technologies to keep its gas fees at the lowest and throughput at the highest in the Web3 trading industry. The platform's artificial intelligence tools provide traders with additional benefits, making it an attractive option for those looking for a comprehensive solution to their trading needs.
In conclusion, the recent partnership between Aave (AAVE) and Polygon (MATIC) has yet to see a significant price boost for either token, despite the potential benefits for the DeFi ecosystem.
Meanwhile, TMS Network (TMSN) has gathered attention and investor interest, raising $4 million in its presale. With its unique revenue-sharing model and innovative approach to the trading industry, TMS Network (TMSN) has shown promise for potential growth in the future. As the DeFi and crypto space continue to evolve and develop, it will be interesting to see how these projects and partnerships fare in the long term.
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