Ethereum Rivals Chainlink (LINK) And Aave (AAVE) Crushed by TMS Network (TMSN) With an Unprecedented 2240% Revenue Surge Major changes are underway in the world of decentralized finance, and TMS Network (TMSN) is leading the way, ushering in a new age of trading for crypto invest...
Ethereum Rivals Chainlink (LINK) And Aave (AAVE) Crushed by TMS Network (TMSN) With an Unprecedented 2240% Revenue Surge
TMS Network (TMSN)
Chainlink (LINK)
One of the many projects that have been left reeling by TMS Network’s (TMSN) success is Chainlink (LINK). For the uninitiated, Chainlink (LINK) is a platform that is designed to provide a ‘link’ between blockchain users and non-blockchain users, letting businesses without any blockchain technology to still connect and interact with blockchain-based partners and platforms.
The idea and technology behind Chainlink (LINK) is sound, and Chainlink (LINK) has done well over the years in terms of price and investment. 2023 hasn’t exactly been a bad year for Chainlink (LINK), either, as its price has steadily risen from around $5.56 at the start of the year to $7.76 at the time of writing. It’s not the same level of price increase as TMS Network (TMSN), of course, but Chainlink (LINK) is still doing pretty well and should rise further as the year goes on.
Aave (AAVE)
Like Chainlink (LINK), Aave (AAVE) has had a respectable 2023, but can’t compete with TMS Network’s (TMSN) stunning surge. Aave (AAVE) is a decentralized crypto platform which allows users to borrow or lend cryptocurrencies between themselves through smart contracts. Aave (AAVE) has great automation technology and clever policies in place to protect user funds, and Aave (AAVE) is one of the top crypto projects for overcollateralized loans.
Users can invest in Aave (AAVE) tokens to earn interest on the platform, and the price of those tokens has seen some interesting changes. Early on in its lifecycle, Aave (AAVE) saw incredible price rises, all the way up to a peak of $621 back in May of 2021. The price of Aave (AAVE) then steadily dropped through 2022, with a couple of small surges. In 2023, perhaps due to increased competition and lack of development, the price of Aave (AAVE) has stagnated somewhat. It sits at around $83 at the time of writing, which is better than where it began the year, but still far from its ATH.
Conclusion
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