The cryptocurrency market has been down all year and just about every other market. DeFi has taken such a massive hit; the total value locked fell from an all-time high of over $180 billion. As of this writing, the entire DeFi market is valued at $54 billion. There are a few causes to point out, but the bear market is primarily a cause of low volume across all landscapes. The Terra blockchain crash further exacerbated the situation. Prior to the Terra-UST crash, the Terra network only held the second-highest DeFi value after Ethereum.
The market is currently down, but Big Eyed Coin (BIG) and Aave (AAVE) are two huge prospects for Ethereum DeFi. Big Eyes Coin has had an amazing pre-sale so far, and although it is a meme coin, its main focus in creating wealth for its community is DeFi. Big Coin is the most hyped coin in the market although it is still on presale. It indicates an opportunity for those who can seize it early and profit from it. Presale shopping is one of the safest ways to make money in crypto because it offers tokens below the market price, and you can quickly make a profit when it launches.
Aave (AAVE) is a decentralized finance (DeFi) based money market system. It is a non-custodial and open-source protocol that allows users to borrow, lend, and earn interest on cryptocurrencies. This implies that anyone can join, there is no central entity with keys or decision-making power, and all assets remain in your wallets at all times.
Aave Companies, the development lab in charge of Aave’s crypto lending protocol, recently requested over $16 million from the Aave community to fund the development of the platform in a proposal to the DAO. Community votes and submissions guide DAOs like Aave. Token holders make decisions by voting on issues, new projects, growth plans, and other topics suggested by their communities.
The sum includes $15 million for work carried out directly by the team over a period of one year; the remaining amount is required to cover the costs of third-party audit services. 40% of the funds would go to non-technical positions like product design and management, while 60% would go to engineering-based positions. The capital will consist of $3.4 million in “more volatile crypto assets”, $3.3 million in DAI, USDT and USDC stablecoins, $5.4 million split between DAI, USDT and USDC, and 6 $.2 million in Aave native AAVE tokens.
Big eyes (BIG)
Big Eyes has established itself as the coin of the season without a launch by the impressive numbers it can draw in presale. These numbers are impressive for a new project in a bear market, as there is not much liquidity present in the market. However, crypto enthusiasts who recognize the opportunity rushed to buy the token on presale. The meme coin has raised over $9 million and is selling at record speed.
Big Eyes aims to use DeFi as a wealth building tool, and most users believe it has huge prospects for DeFi. The precedent for DeFi meme coins was set by Shiba Inu (SHIB), but Big Eyes is taking it a step further with the innovative new features to help build wealth and grow the network. Expert traders believe this can bring volume back to Ethereum DeFi and the broader market.
Big Eyes takes a unique approach to choosing a mascot and is inspired by cat memes. Unlike the rest of the meme coin market struggling with stereotypical dog memes, Big Eyes recognizes the opportunity to be different, and the community is already buying into that narrative.
For more information about Big Eyes Coin (BIG) and its community, please visit the following links:
Big eyes presale: https://buy.bigeyes.space/
The Big Eyes website: https://bigeyes.space/
The telegram of the big eyes: https://t.me/BIGEYESOFFICIAL
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