VyFinance, via it's token VYFI, is a Yield Aggregator and DEx coming to the Cardano Chain. The goal of VyFinance is to use a Neural Net to make it so investing in liquidity pools across the chain is a one-stop-shop. The user chooses their risk profile and then deposits ADA or VYFI. VyFinance also hosts an NFT Staking Vault which allows users to stake Cardano NFTs and earn tokens that can be utilized across the ecosystem.

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VyFinance

NVL is the governance and utility token of the Nuvola Protocol. Nuvola is a DePIN aggregator on the Cardano blockchain that provides ecosystem participants with simplified exposure to multiple revenue streams from Decentralized Physical Infrastructure projects without the technical know-how or ability. This article delves into the NVL token, it’s utility, and more.<h2 style="margin-left:0px;">NVL Distribution &amp; Tokenomics</h2><img class="image_resized" style="width:680px;" src="https://miro.medium.com/v2/resize:fit:1400/1*d3cxtHikmCiWS39h-bc7sw.png" alt="" loading="lazy">NVL Distribution Pro page on TapToolsNVL has a total supply of 21 million tokens. Currently 15.75 million of these are in circulation, equivalent to 75 of the tokens supply. At 0.367 ADA per token, NVL has a Market Cap of $2,705,867 and a Diluted Market Cap of $3,607,822.There are currently 950 wallets holding the NVL token, an increase of 50.31% since the token launched last week. The token has a Median Holder Balance of 2.15K NVL, equivalent to 809.77 ADA, and an Average Holder Age of 4.91 days.<img class="image_resized" style="width:680px;" src="https://miro.medium.com/v2/resize:fit:1400/1*elh0oGdtq5ka5cD0ulkdVQ.png" alt="" loading="lazy"><a href="https://www.nuvoladigital.io/#tokenomics">NVL Tokenomics</a>The above image details the tokenomics of the NVL token.<img class="image_resized" style="width:680px;" src="https://miro.medium.com/v2/1*nz4jKBu5Y5gZq0bIQdDTXw.png" alt="" loading="lazy"><h2 style="margin-left:0px;">Liquidity</h2><img class="image_resized" style="width:680px;" src="https://miro.medium.com/v2/resize:fit:1400/1*zwuQLMnYmWznLYxUmqZhng.png" alt="" loading="lazy"><a href="https://www.taptools.io/charts/token/0be55d262b29f564998ff81efe21bdc0022621c12f15af08d0f2ddb1.0da982986c489a86496cb6dd417891233bde153cdd73673e5d3aa6930d6ccdd6?liquidity=">NVL Liquidity Pro page on TapTools</a>NVL has 328.4K ADA in liquidity across 2 Decentralized Exchanges on the Cardano blockchain. The vast majority of this liquidity is on the Minswap DEX, which holds 99.61% of total liquidity, followed by VyFinance which holds 0.39% of the token’s liquidity.<img class="image_resized" style="width:680px;" src="https://miro.medium.com/v2/1*nz4jKBu5Y5gZq0bIQdDTXw.png" alt="" loading="lazy"><h2 style="margin-left:0px;">Volume</h2><img class="image_resized" style="width:680px;" src="https://miro.medium.com/v2/resize:fit:1400/1*UPOBQ2qLZRrVN0txejJ_pA.png" alt="" loading="lazy"><a href="https://www.taptools.io/charts/token/0be55d262b29f564998ff81efe21bdc0022621c12f15af08d0f2ddb1.0da982986c489a86496cb6dd417891233bde153cdd73673e5d3aa6930d6ccdd6?volume+profiler=">NVL Volume Profiler Pro page on TapTools</a>NVL has a Lifetime Trading Volume of 4.15 million ADA across 3,097 trades on Decentralized exchanges, equivalent to 14.76M NVL. 2.12 million ADA of this was buy volume, and 2.03 million ADA was sell volume.The fish (5–25K ADA) and swordfish (25–100K ADA) wallet sizes are leading the trading volume for this token. There has been very little whale activity since it is a fairly new token, signaling a potentially lucrative opportunity for early investors of the token.<img class="image_resized" style="width:680px;" src="https://miro.medium.com/v2/1*nz4jKBu5Y5gZq0bIQdDTXw.png" alt="" loading="lazy"><h2 style="margin-left:0px;">Utility</h2>We’ll now delve into the utility that NVL has to offer.GovernanceNVL holders will receive 50% of revenue generated from the protocol’s DePIN nodes and other services.Revenue SharingNVL holders will receive 50% of revenue generated from the protocols DePIN nodes.<img class="image_resized" style="width:680px;" src="https://miro.medium.com/v2/1*nz4jKBu5Y5gZq0bIQdDTXw.png" alt="" loading="lazy"><h2 style="margin-left:0px;">Conclusion</h2>Nuvola stands out as the inaugural DePIN aggregator on the Cardano blockchain. The introduction of NVL allows participants in the ecosystem to engage with multiple DePIN projects effortlessly, even without advanced technical knowledge. Throughout this article, we have discussed the specifics of NVL’s utility, its distribution, liquidity, trading volume, and the roles it offers in governance and revenue sharing. With a significant portion of its total supply already circulating and an increasing number of wallet holders since its recent launch, NVL is poised at a critical stage of its evolution. It will be interesting to see how Novula and its NVL token develop over the coming months and years.You can find out more about Nuvola at the following link: <a href="https://www.nuvoladigital.io/">https://www.nuvoladigital.io/</a><img class="image_resized" style="width:680px;" src="https://miro.medium.com/v2/1*nz4jKBu5Y5gZq0bIQdDTXw.png" alt="" loading="lazy">This article is strictly for informational purposes and does not constitute a promotion or financial advice. Our aim is solely to provide users with the latest news and updates within the Cardano ecosystem. Token info was accurate at the time of writing.We hope this helped you get caught up with the most recent crypto news. If you enjoyed the read make sure to follow TapTools on <a href="https://twitter.com/TapTools">X</a> and join our <a href="http://discord.gg/UmrbjRTAg5">Discord</a>. &nbsp;

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Token Spotlight: NVL

OPTIM is the utility and governance token of Optim Finance, the leading yield product in the Cardano Ecosystem. This yield product allows ecosystem participants to borrow staking power through Optim Bonds for various purposes, such as bootstrapping a stake pool, or to make the most out of an ISPO. This article delves into OPTIM, its tokenomics, utility, and more.<img class="image_resized" style="width:680px;" src="https://miro.medium.com/v2/resize:fit:1400/1*nz4jKBu5Y5gZq0bIQdDTXw.png" alt="" loading="lazy"><h2 style="margin-left:0px;">OPTIM Distribution &amp; Tokenomics</h2><img class="image_resized" style="width:680px;" src="https://miro.medium.com/v2/resize:fit:1400/1*PuoZJ1WLQDKi92TZJSbHQA.png" alt="" loading="lazy"><a href="https://www.taptools.io/charts/token/d98daf2c03d63fee28197baf41d5bd33f55d45fb9756e97e5844a79d.4f5054494d5f4144415f4e4654?distribution=">OPTIM Distribution Pro page on TapTools</a>OPTIM has a total supply of 100 million tokens. Currently 13.59 million of these tokens are in circulation, equivalent to 13.6% of the token supply. At 0.596 ADA per OPTIM, this gives the token a Market Cap of $4,729,682 and a Diluted Market Cap of $34,811,611, placing it at #31 in the Top 50 tokens on Cardano.There are currently 1,460 wallets holding OPTIM, down 2.08% over the last 30 days. The token has a Median Holder Balance of 581.88 OPTIM, equivalent to 345.25 ADA, and an Average Holder Age of 130.03 days, highlighting the community that has been supporting the project since the token launch.<img class="image_resized" style="width:680px;" src="https://miro.medium.com/v2/resize:fit:1400/0*gj_zkiAcavndpzlu" alt="" loading="lazy"><a href="https://optim-finance.gitbook.io/optim-finance/governance/tokenomics">OPTIM Tokenomics</a>The above image details the tokenomics of the OPTIM token. The two largest allocations are for Public tokens and team tokens.<img class="image_resized" style="width:680px;" src="https://miro.medium.com/v2/resize:fit:1400/1*nz4jKBu5Y5gZq0bIQdDTXw.png" alt="" loading="lazy"><h2 style="margin-left:0px;">Liquidity</h2><img class="image_resized" style="width:680px;" src="https://miro.medium.com/v2/resize:fit:1400/1*t8_M2sNXnHS8SVeiCP0nAw.png" alt="" loading="lazy"><a href="https://www.taptools.io/charts/token/d98daf2c03d63fee28197baf41d5bd33f55d45fb9756e97e5844a79d.4f5054494d5f4144415f4e4654?liquidity=">OPTIM Liquidity Pro page on TapTools</a>OPTIM currently has 2.08 million ADA in liquidity across five Decentralized Exchanges on the Cardano blockchain. The vast majority of this liquidity is on Spectrum Finance which holders 99.36% of the tokens total liquidity, followed by VyFinance which holds 0.63%, and Minswap being the third most liquid DEX with 0.01% of the total liquidity for OPTIM.<img class="image_resized" style="width:680px;" src="https://miro.medium.com/v2/resize:fit:1400/1*nz4jKBu5Y5gZq0bIQdDTXw.png" alt="" loading="lazy"><h2 style="margin-left:0px;">Volume</h2><img class="image_resized" style="width:680px;" src="https://miro.medium.com/v2/resize:fit:1400/1*BxpqrxLaNw1xCvsTIIY09g.png" alt="" loading="lazy"><a href="https://www.taptools.io/charts/token/d98daf2c03d63fee28197baf41d5bd33f55d45fb9756e97e5844a79d.4f5054494d5f4144415f4e4654?volume+profiler=">OPTIM Volume Profiler Pro page on TapTools</a>OPTIM has a Lifetime Trading Volume of 17.9 million ADA, equivalent to 25.42 million OPTIM. 9.21 million of this was Buy Volume and 8.69 million was Sell Volume. The volume distribution is even between most wallet classes, with the Shark wallet size (100–250K ADA) taking a slight lead on total trading volume for the token.<img class="image_resized" style="width:680px;" src="https://miro.medium.com/v2/resize:fit:1400/1*nz4jKBu5Y5gZq0bIQdDTXw.png" alt="" loading="lazy"><h2 style="margin-left:0px;">Utility</h2>We’ll now delve into the utility that OPTIM offers its holders.GovernanceOPTIM holders can engage in governance and directly influence the protocol’s future through governance actions.Fee SharingOPTIM holders will potentially be able to receive a portion of fees generated by the Optim protocol if the ODAO initiates a fee switch.<img class="image_resized" style="width:680px;" src="https://miro.medium.com/v2/resize:fit:1400/1*nz4jKBu5Y5gZq0bIQdDTXw.png" alt="" loading="lazy"><h2 style="margin-left:0px;">Conclusion</h2>Optim Finance stands at the forefront of innovation within the Cardano Decentralized Finance space, offering powerful yield products and staking mechanisms designed to enhance ecosystem growth and scalability. At the center of this innovation is the OPTIM token, serving primarily as a governance tool that allows holders to shape the future direction of the protocol. As Optim continues to refine and expand its offerings, it will be interesting to observe how it shapes the broader Cardano ecosystem moving forward.You can find out more about Optim Finance at the following link: <a href="https://www.optim.finance/">https://www.optim.finance/</a>

Token Spotlight: OPTIM

BTN is the governance and utility token of Butane, an upcoming multi-collateral next generation synthetics protocol on the Cardano blockchain. To date this token had the highest pre-sale on Cardano with over 49 million ADA raised. BTN looks to bring high throughput cardano defi through the power of the Aiken smart contract language. This article delves into BTN, its distribution, utility, and more.<h2 style="margin-left:0px;">BTN Distribution &amp; Tokenomics</h2><img class="image_resized" style="width:680px;" src="https://miro.medium.com/v2/resize:fit:1400/1*2TzIAEMi-Fy3yagoYPXm4w.png" alt="" loading="lazy"><a href="https://www.taptools.io/charts/token?distribution=&amp;pairID=e8afc6fe1f4f3bef280bed8a9e3ba68dbc19c8dfade05d800c8bd3ed.42544e5f4144415f4e4654">BTN Distribution Pro page on TapTools</a>BTN has a total supply of 25 million tokens. Currently, 12 million BTN are in circulation, equivalent to 48% of the supply. At 1.130 ADA per token, this gives BTN a Market Cap of $8,382,895 Diluted Market Cap of $17,464,365, placing it at #24 in the Top 50 tokens in the Cardano ecosystem.Currently, there are 5,403 wallets holding BTN, up 20.90% in the last 7 days. The median holder balance is 0.17 BTN equivalent to 0.17 ADA, and an average holder age of 16.70 days.<img class="image_resized" style="width:680px;" src="https://miro.medium.com/v2/resize:fit:1400/1*diOMZHE1dX9oyVfB_QKkPA.png" alt="" loading="lazy"><a href="https://butane.dev/#tokenomics">BTN Tokenomics</a>The above image details the tokenomics of the BTN token. Over 40% of the supply was allocated to the fair launch which was a record-breaking pro-rata token sale.<h2 style="margin-left:0px;">Liquidity</h2><img class="image_resized" style="width:680px;" src="https://miro.medium.com/v2/resize:fit:1400/1*4J761sD4prJYHflGyIh2Pw.png" alt="" loading="lazy"><a href="https://www.taptools.io/charts/token?liquidity=&amp;pairID=e8afc6fe1f4f3bef280bed8a9e3ba68dbc19c8dfade05d800c8bd3ed.42544e5f4144415f4e4654">BTN Liquidity Pro page on TapTools</a>BTN has 1.3 million ADA in liquidity across 5 Decentralized Exchanges on the Cardano blockchain. The vast majority of this liquidity is on Spectrum Finance, which holds 98.58%. The second most liquid DEX for the BTN token is VyFinance which holds 0.56% of the total liquidity.<h2 style="margin-left:0px;">Volume</h2><img class="image_resized" style="width:680px;" src="https://miro.medium.com/v2/resize:fit:1400/1*kxBV0yWH5kcn4EkLlc4M5A.png" alt="" loading="lazy"><a href="https://www.taptools.io/charts/token?volume+profiler=&amp;pairID=e8afc6fe1f4f3bef280bed8a9e3ba68dbc19c8dfade05d800c8bd3ed.42544e5f4144415f4e4654">BTN Volume Profiler Pro page on TapTools</a>BTN has a Lifetime Trading Volume of 32.83 million ADA, equivalent to 75.62 million BTN. 16.52 million ADA of this was buy volume, while 16.31 million ADA was sell volume. The fish wallet size (5–25K ADA) leads this token in trading volume, followed by the swordfish wallet size (25–100K ADA.<h2 style="margin-left:0px;">Utility</h2>We’ll now delve into the various utility the BTN token has to offer its holders.Governance StakingBTN holders will be able to stake their tokens to participate in governance of the Butane protocol.CollateralBTN can be used as collateral when opening a CDP on the Butane protocol.Governance ProposalsSubmitting new proposed governance actions requires the staking of BTN.Interest PaymentsProtocol users will have the option to pay CDP interest at a discount by burning BTN.<h2 style="margin-left:0px;">Conclusion</h2>In conclusion, BTN is instrumental to the Butane ecosystem, supporting the development of cutting-edge synthetic protocols on the Cardano blockchain. It looks to offer substantial utility, aligning with Butane’s aim to expand the horizons of Cardano’s DeFi landscape. This discussion has illuminated BTN’s significant role and potential influence, marking it as a vital component in the ongoing evolution of decentralized finance.You can find out more about BTN and the Butane Protocol at the following link: <a href="https://butane.dev/">https://butane.dev/</a>

Token Spotlight: BTN

EMP is the utility token of the Empowa ecosystem. Empowa is a Real World Asset project building on Cardano that is on a mission to make 1 million African families become homeowners by 2030. The projects Realfi impact through decentralized finance depends on the three principles of building, community, and impact. This article delves into Empowa, the EMP token, its tokenomics, and more.<h2 style="margin-left:0px;">EMP Distribution &amp; Tokenomics</h2><img class="image_resized" style="width:680px;" src="https://miro.medium.com/v2/resize:fit:1400/1*Y0SzR2dankT2N17QDKatBA.png" alt="" loading="lazy"><a href="https://www.taptools.io/charts/token?distribution=&amp;pairID=909133088303c49f3a30f1cc8ed553a73857a29779f6c6561cd8093f.831c818e6269f6ac349c253aaf0fb4f8c66198a19e76755e10a89584616bbced">EMP Distribution Pro page on TapTools</a>EMP has a total supply of 200 million tokens. Currently28.93 million of these are in circulation, equivalent to 14.5% of the tokens supply. At 0.182 ADA per token, this gives EMP a Market Cap of 5,265,851 ADA, and a Diluted Market Cap of 36,409,885 ADA, placing EMP at #41 in the Top 50 on TapTools.There are 3,658 wallets holding EMP, down 1.08% in the last 30 days. The tokens Median Holder Balance is 469.59 equivalent to 85.49 ADA, and an Average Holder Age of 491.57, highlighting a strong community that has been supporting the project through the bear market.<img class="image_resized" style="width:680px;" src="https://miro.medium.com/v2/resize:fit:1400/1*qXxIzo7EnLvqhOUioXZ9xQ.png" alt="" loading="lazy"><a href="https://empowa.io/emp-tokenomics/">EMP Tokenomics page</a>The above image details the EMP tokenomics. 60% of tokens are reserved for housing project sales to support the project’s goal of increasing home ownership in Africa through decentralized finance<h2 style="margin-left:0px;">Liquidity</h2><img class="image_resized" style="width:680px;" src="https://miro.medium.com/v2/resize:fit:1400/1*K5mgF1zxy4wTYbHfxG6x4Q.png" alt="" loading="lazy"><a href="https://www.taptools.io/charts/token?liquidity=&amp;pairID=909133088303c49f3a30f1cc8ed553a73857a29779f6c6561cd8093f.831c818e6269f6ac349c253aaf0fb4f8c66198a19e76755e10a89584616bbced">EMP Liquidity Pro page on TapTools</a>EMP has 268.13K ADA in liquidity across seven Decentralized Exchanges on the Cardano Blockchain. The most liquid DEX for this token is MuesliSwap, which holds 60.92% of EMPs liquidity, followed by Minswap which has 9.78%, and VyFinance being the third most liquid DEX with 9.74% of the tokens liquidity.<h2 style="margin-left:0px;">Volume</h2><img class="image_resized" style="width:680px;" src="https://miro.medium.com/v2/resize:fit:1400/1*6Q3ZBqYux0Fr4wvDCEZWpw.png" alt="" loading="lazy"><a href="https://www.taptools.io/charts/token?volume+profiler=&amp;pairID=909133088303c49f3a30f1cc8ed553a73857a29779f6c6561cd8093f.831c818e6269f6ac349c253aaf0fb4f8c66198a19e76755e10a89584616bbced">EMP Volume Profiler Pro page on TapTools</a>EMP has a Lifetime Trading Volume of 13.59 Million ADA, equivalent to 58.28 million EMP tokens. 6.84 Million ADA of this was Buy Volume and 6.75 million ADA was sell volume. The Swordfish wallet class (25–100K ADA) leads the token in volume, followed by the Whale wallet class, which also leads the token in Buy Volume.<h2 style="margin-left:0px;">Utility</h2>We’ll now delve into the utility of the EMP token.StakingEMP token holders can stake their tokens to earn EMP rewards.Developer Support VaultIn the future, EMP token holders will be able to support housing developers to meet their collateral obligations.<h2 style="margin-left:0px;">Conclusion</h2>Empowa and its utility token, EMP, represent a transformative approach to decentralized finance by integrating a RealFi element that bridges the gap between digital innovation and tangible social impact. By aiming to make homeownership accessible to a million African families by 2030, the Empowa ecosystem illustrates the profound potential of the Cardano blockchain to cultivate a more sustainable, inclusive, and significant change in real-world conditions. This deep dive into the EMP token and its underlying principles not only unveils the capabilities of blockchain technology but also underscores its role in shaping a better future.The Empowa website can be found <a href="https://empowa.io/">here</a>.

VyFinance ($VYFI)

VyFinance is a Yield Aggregator and DEx coming to the Cardano Blockchain.

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