Most large crypto assets are struggling, but Aave and Virtuals protocols have skyrocketed by triple digits over the past 30 days, leading the market this week.
The Crypto market is struggling with Bitcoin (BTC) recently as it has continued to decline and has not been able to recover its USD 10,000 ($155,000) mark.
There have been a lot of changes in the crypto market in just a week. Last Monday, Bitcoin hit a record high of USD 108,000 ($173,000), surpassing 11.2% in the past seven days.
Ethereum (Eth), XRP (XRP), Solana (Sol) and other large cryptocurrencies struggle on a weekly scale, but today they have a decent single-digit profit of around 3% to 4% each I was able to do it.
The Crypto market is currently led by certain experimental coins, starting with AI agents like Virtuals, with an insane 424% over the past 30 days.
Virtuals Protocol is a distributed platform built on the basis, Ethereum Layer-2, built by Coinbase. Its main purpose is to effectively interact with the fields of entertainment and gaming. This accomplishes this through a joint user-curated AI agent, which is in a market that exceeds USD 10 billion (USD 1.604 billion) according to Coingecko data.
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Virtuals Protocol focuses on creating shared, compositionable AI agents at its core that can work seamlessly across a variety of platforms and games. The project reached a market capitalization of over US$3.1 billion ($48.1 billion) in December 2024.
The AI agent sector, despite being very experimental, is blossoming in the crypto space (and, like everything, it is volatile and speculative).
Get the basis for aave
Aave (Aave) is not as experimental as other coins, but according to Coingecko’s data, it has had an astounding month of over 110% over the last 30 days. In the last 24 hours alone, Aave has recorded a profit of 19.5%, and is currently on sale for USD 375 (AU $600).
Aave has happened for several reasons, including central exchanges such as Binance and more open profits and longer positions in some important partnerships. This week, ChainLink (Link) launched Smart Value Recapture (SVR), an Oracle service that enables distributed finance (DEFI) protocols, recovering approximately 40% of non-toxic MEVs.
On the same day, Aave proposed to integrate the system and return it to the community.
In short, MEV (maximum extractable value) refers to the maximum amount (profit) that a trader can extract from a single transaction block, often leading to frontrunning, sandwich attacks, arbitrage, and more.
How about penguins?
Pengu, the native token of the Pudgy Penguin NFT project, appears to have had a good day today as its value has increased by more than 11% over the last 24 hours. Currently, its market capitalization is over US$1.7 billion ($2.72).
This could be a relief after the controversial airdrop, which has caused the Solana network to surge in activity with more than 66 million transactions since the launch of the token.