Solana/Ton/Aptos/Avalanche perform strongly on the chain
In the context of the global economic collapse caused by the Japanese yen interest rate hike on 08/05, the prices and TVL of almost all cryptocurrencies have experienced an avalanche decline. However, in 08/06, almost all rebounded immediately. Although the subsequent overall economic development is still unclear, we can find several particularly strong blockchain ecosystems from the data on the chain. Here is the data from DefiLlama: From the one-month TVL change and the one-day TVL change, we can find that within a month, the only TVLs that have grown are Solana, Avalanche, Scroll (but it has not issued coins yet, so we will not discuss it), and Aptos.
Continuing the previous article, this article will introduce to you the FLOW public chain and recent related news. FLOW is a public chain founded by Dapper Labs, whose predecessor launched the popular blockchain game CryptoKitties in 2017. It can be seen that the main members of FLOW are all web3 OG level. In addition, according to RootData’s data, it can be found that many of FLOW’s investors are very famous VCs in Web3, including: A16z, Animoca Brands, Multcoin Capital, etc. And the most important thing is that all the tokens of these VCs have been unlocked, so if they really want to cash out in the short term, they must first raise the token price. This may also be an opportunity for us to ambush.
If you have been in the industry for a long time, you should have heard of FLOW, an L1 public chain. During the last wave of the bull market, NBA Top Shot began to attract everyone's attention, and then it became popular due to the NFT and GameFI craze. However, due to the NFT and GameFI craze, the currency price of $FLOW has continued to fall, and now it is only about 20% of its high point. However, according to data from DefiLlama, the TVL of $FLOW has recently reached a new high in the past two years, but the market value has not yet responded. I think this may be a potential opportunity. Refer to the figure below. The green line is market capitalization and the blue line is TVL.