Cryptocurrencies have experienced a surge in value this week, with several coins performing exceptionally well. Pendle (PENDLE) has been the top gainer, with a 12.5% increase in its price, reaching $6.09. This surge is attributed to the token’s high APY rates and speculation about a second Ethena airdrop. Additionally, platforms like Morpho, Aave’s Merit Program, and BounceBit offer competitive opportunities for those seeking the best stablecoin yield.
Lido DAO (LDO) has also seen significant growth, with an 11.24% increase in its price, reaching $2.22. This surge is linked to a recent partnership announcement, where the community revealed its participation in the LRTFi Summer event, sparking enthusiasm for the token.
Ethereum Name Service (ENS) has experienced a 5.67% increase in its price, reaching $24.78. The surge is attributed to the ENS DAO’s announcement of its Public Goods project, launching its third Large Grants round for Q3 2024.
Tron (TRX) has seen a 4.5% increase in its price, reaching $0.1203, driven by the upcoming Independence Day celebration of the Tron network, marking six years of innovation and growth.
Finally, Maker (MKR) has experienced a 1.9% increase in its price, reaching $2,400. This surge is due to a recent proposal suggesting an increase in the sUSDe 91.5% LLTV pool supply cap to 200 million DAI, as well as an increase in the sUSDe 86% LLTV pool supply cap to 500 million DAI. New proposals are open for voting on the Maker Governance Portal, following the latest suggestions on the Maker Forum by Phoenix Labs Dev.
