Multichain PriceMULTI

Following the Q1 and early April market-wide crash, in which the entire cryptocurrency industry faced enhanced volatility and price collapses, the sentiment has changed as BTC approaches the $100,000 mark once again. Data from Santiment reveals that the overall market conditions have changed even for the altcoins, many of which struggled to regain traction in the past few months. Now, though, traders seem to be on the greedy side for many alts, including Ripple’s XRP, which could be on the verge of a renewed rally that could push it above $3 and toward its all-time high again. At least this is what the crown anticipates, given the hype around the potential approval of Ripple ETFs in the United States. However, cryptocurrencies frequently tend to move in the opposite direction of what the majority expects. After the US elections, which brought a lot of excitement in the crypto space due to the inevitable and favorable change in the regulatory landscape, XRP became one of the biggest beneficiaries, perhaps driven by hype that the SEC legal case will finally reach an endpoint. From November to January, its price exploded multi-fold, going from $0.6 to $3.4. Thus, Ripple’s token matched its 2018 ATH but failed to breach it. Although the aforementioned lawsuit was indeed announced as settled by Ripple’s CEO, the effects on the underlying asset’s price were minimal. In fact, XRP trades now just under its price before Garlinghouse’s triumphant announcement in mid-March. With the effects of the lawsuit closure winding down, the community turned its focus on another potential propeller of future gains – a Ripple ETF in the US. After the approval of futures-based XRP ETFs earlier this year, many expect a spot one to be right around the corner, with experts suggesting that this could be as early as this summer. Santiment’s insights confirmed this narrative, even though the SEC delayed making a decision on Franklin Templeton’s spot ETF proposal. “…[T]he delay hasn’t shaken investor optimism. Many believe that, once approved, these ETFs could bring in large amounts of institutional money and push XRP into the financial mainstream.” Although the report said the overall XRP discussion levels have declined in recent months compared to other top altcoins, it noted that the “bulls are getting more vocal as compared to the few bears.” Santiment’s team said the majority within the community supported an overall bullish outlook coming from a technical perspective as well. “With attention growing and more exposure on the way, many in the crypto space see XRP on the edge of a major breakout,” conclude the paper.

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$SUI I could see one push higher from lower H4 demand. If that doesn’t hold then I think we are due for a larger multi week correction.

Enso has partnered with Stargate and LayerZero to create a one-click liquidity migration solution for Unichain, setting the stage for up to $3.5b liquidity inflow. As Web3 advances, smooth movement across networks becomes more essential. Until now, transferring liquidity to Unichain has involved a complicated, multi-step process, discouraging many liquidity providers (LPs) from making use of Uniswap v4. Enso is addressing this challenge by joining forces with LayerZero and Stargate to offer a one-click migration solution. This will enable LPs to bridge, migrate, and redeploy their liquidity in a single, seamless transaction. Uniswap v2 and v3 LPs will be invited to move their positions from Ethereum and other EVM-compatible networks directly to Uniswap v4 on Unichain. Up to $3.5 billion in liquidity is set to transition to Unichain, potentially marking one of the largest liquidity shifts in Ethereum’s history. The migration system was built collaboratively, with Enso handling DeFi execution and deployment, Stargate facilitating bridging, and LayerZero ensuring secure, reliable messaging across the networks. “Through engineering a unified solution with the help of Stargate and LayerZero, Enso has added the missing piece to the puzzle,” said Enso Co-Founder Connor Howe. With the ability to transfer their positions in one click, Uniswap LPs are about to trigger one of the largest liquidity migration events in Ethereum history.” By enabling LP migration between EVM chains and Unichain, Enso provides a practical example of how DeFi’s composability can be used to seamlessly transfer billions in onchain liquidity.

4/ This flexibility unlocks massive opportunities across DeFi. $LBTC achieved: 🔸64.1% of supply actively used across 70+ DeFi integrations 🔸 18.6k BTC synthetically deployed across 6 chains (incl. @SuiNetwork @base @SonicLabs @berachain) 🔸 Institutional-grade rails to onboard idle BTC into productive use This transforms staked BTC on @babylonlabs_io into a truly multi-chain, composable asset.