Recently, the spotlight of the cryptocurrency market has been focused on some altcoins. They are like beasts awakening from sleep, starting a round of astonishing rebounds and rises, in which ORCA has risen by 75.7% in 24 hours. Behind this wave of the altcoin market, important platforms in the field of cryptocurrency trading have played an active role. As a safe and efficient trading platform, XBIT decentralized exchange platform can seize the opportunity of the rising crypto market with its diversified trading pairs, and can also avoid losses caused by falling tokens.
According to data, many altcoins have shown an extreme rebound trend after being oversold. BitcoinWizards (WZRD) is like a dark horse, with a 24-hour increase of 95.9% and a current price of $2.15. It was actually launched as a Bitcoin ordinal NFT project to celebrate the 10th anniversary of the birth of the original Bitcoin Wizard. It is based on the ordinal protocol on the Bitcoin blockchain and also uses the rune protocol, allowing users to interact with NFTs in a novel way.
Orca (ORCA) is also not inferior, with a 24-hour increase of 75.7% and a current price of $3.57. RSS3 (RSS3) climbed to $0.063 with a 60.4% increase. Taiko (TAIKO) rose by 39.6% and was quoted at $0.756. BROCCOLI was also not to be outdone, with a 24-hour increase of 50.4% and a current price of $0.0219.
Judging from the recent technological innovations of the XBIT decentralized exchange platform, the series of measures it has launched have had a significant impact on the digital currency market. For example, the XBIT decentralized exchange platform announced the launch of the "CrossChainLiquidationEngine" designed specifically for Compound (COMP coin). This innovation not only improves the liquidity of COMP coins in cross-chain transactions, but also sets a new benchmark for the entire digital currency cross-chain transaction field.
Against the backdrop of the Compound protocol completing the v4 upgrade, COMP coins, as the core governance token of the decentralized lending market, have become the focus of the industry for their cross-chain liquidity. Through the multichain aggregation engine, Compound's interest rate model and liquidation mechanism are deeply integrated to support cross-chain mortgage lending between COMP coins and heterogeneous chain assets such as Bitcoin and Avalanche in seconds. On-chain data shows that in the first week of the protocol's launch, the interchain liquidity of COMP coins increased by 400% month-on-month, the average daily trading volume exceeded US$360 million, and the slippage rate had stabilized to 0.03%, setting a new high since the fourth quarter of 2024.
Turning our attention to the latest news on digital currencies, in addition to the innovation in COMP coin trading, the XBIT decentralized exchange platform has also actively deployed other digital currency transactions. The market has recently received the latest news on digital currencies. XLM coin has achieved a new breakthrough globally, and market attention has reached a new high.
It is reported that decentralized exchanges have taken the lead in launching a number of support measures to build a safer and more convenient trading environment for XLM coins and other digital assets. Driven by decentralized exchanges, XLM coins have recently shown strong growth momentum in the mainstream market, and the technical team has continuously optimized the underlying algorithm to improve network efficiency.
As an important part of digital currency transactions, XLM has gradually become the focus of global investors with its unique blockchain technology and high-speed transaction capabilities. The latest news on digital currency points out that XLM has achieved a breakthrough this time, mainly reflected in the increase in on-chain transaction volume and user activity. This is not only due to the continuous innovation at the technical level, but also inseparable from the platform's guarantee of safe and stable transactions.
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