Aave

Accumulate

Value

DeFi

Chainlink

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/whales-accumulate-chainlink-and-introduce-new-solutions/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Whales Accumulate Chainlink and Introduce New Solutions</a><br></p>
<p style="text-align: justify">According to a report by Lookonchain, a blockchain tracking company, a whale is accumulating a significant amount of Chainlink (LINK) through <a href="https://en.coin-turk.com/binance-lists-ava-and-dego-coin-to-boost-market-activity/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Binance</a>. Over the past five days, this whale has created 30 new wallets and transferred a total of 1.37 million LINK, equating to a value of approximately 34.1 million dollars. This notable activity in the Chainlink ecosystem has sparked curiosity among market participants.</p>
<h2 style="text-align: justify" id="chainlink-s-svr-solution-targets-mev-losses">Chainlink’s SVR Solution Targets MEV Losses</h2>
<p style="text-align: justify">During this period of substantial activity, Chainlink introduced a new DeFi solution named Smart Value Recapture (SVR). The SVR aims to recover Maximal Extractable Value (MEV) losses occurring during liquidation processes. In a statement, Chainlink mentioned that SVR could recover approximately 40 dollars for every 100 dollars lost. The company emphasized that this estimate is based on real-world data and adopts a more realistic approach compared to alternative solutions.</p>
<p style="text-align: justify">Chainlink’s announcement stated, “While some alternative solutions claim higher recovery rates, there is no evidence supporting these figures in the real world. We believe that SVR offers a reliable solution with a 40% recovery rate.”</p>
<h2 style="text-align: justify" id="aave-awaits-feedback-on-svr-integration">Aave Awaits Feedback on SVR Integration</h2>
<p style="text-align: justify">Following the introduction of Chainlink’s new solution, the lending platform Aave proposed testing SVR through a pilot program on Aave v3. Aave aims to recover MEV losses during liquidations and reintegrate them into its ecosystem. This proposal has been opened for discussion within the Aave community, and feedback is currently being awaited.</p>
<p style="text-align: justify">Chainlink’s SVR solution is expected to have a significant impact on the DeFi sector. Recovering MEV losses could provide a more transparent structure during liquidation processes. Should Aave adopt this solution, Chainlink’s influence in the DeFi space may increase.</p>
<p style="text-align: justify">In the past month, the price of LINK tokens has risen by 34%, reaching 24.04 dollars. Market participants and platforms closely monitor this increase and Chainlink’s new initiatives. Large-scale token transfers and new technological solutions could herald significant changes in the <a href="https://en.coin-turk.com/bitcoin-climbs-above-52300-as-altcoins-fuel-investor-optimism/" data-wpel-link="internal" rel="noopener noreferrer nofollow"></a><a href="https://en.coin-turk.com/crypto-bull-season-expert-warns-investors-to-be-cautious/" data-wpel-link="internal" rel="noopener noreferrer nofollow">cryptocurrency</a> market.</p>
<p style="text-align: justify">The developments between Chainlink and Aave may lead to long-term effects in the cryptocurrency ecosystem. It is crucial for market participants to closely track such innovations for strategic decision-making.</p>
<p>The post <a href="https://en.coin-turk.com/whales-accumulate-chainlink-and-introduce-new-solutions/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Whales Accumulate Chainlink and Introduce New Solutions</a> appeared first on <a href="https://en.coin-turk.com" data-wpel-link="internal" rel="noopener noreferrer nofollow">COINTURK NEWS</a>.</p>

Whales Accumulate Chainlink and Introduce New Solutions

Table of Contents

COINTURK NEWS

Other articles published on Dec 26, 2024

Could AVAX Hit $80 Soon, or Will This Revolutionary Token Steal the Spotlight of Investors?

UK Judge Sentences Craig Wright to One Year in Prison for Contempt of Court

Michael Saylor Predicts Bitcoin to Hit $13 Million by 2045 – Here’s Why

Bitcoin Price Nears $100K as Holiday Rally Boosts Altcoins

AI Vocal Remover: The Ultimate Tool for Audio Editing and Production

Fantom to Rebrand on Binance as Polygon Price Hits the Lowest Ebb, But Will Qubetics Be the Top C...

Join our free newsletter for daily crypto updates!