Latest Ethereum News

Filecoin's upcoming 'Waffle' upgrade, NV23, is set to enhance the network's performance and integrate Ethereum transactions, aiming to improve storage efficiency and broaden ecosystem integration. Key features include a soft launch of Fast Finality, support for legacy Ethereum transactions, and a non-interactive proof of replication to streamline the sector sealing process. These improvements are expected to accelerate network growth, open cross-chain applications, and reduce transaction confirmation times. Additionally, Filecoin is collaborating with AI projects to advance decentralized AI infrastructure, emphasizing its role in the AI data storage space.

AAVE has silently achieved a doubling of its Total Value Locked (TVL) to a remarkable $21 billion this year. With active loans, revenue, and fees surging, AAVE is outpacing market capitalization growth, establishing itself as a major player in the Web3 lending market. Over three years, AAVE has secured a 50% market share, driven by stablecoin integration, asset support expansion, and resilience through market cycles. A new fee switch and token buyback proposal, if implemented, could further enhance AAVE's economic model and investor appeal. Despite shifting trading volumes towards SOL, AAVE remains at the forefront of the $ETH lending market, showing less sector-specific risk compared to UNI in the DEX sector. AAVE's growth and strategic moves highlight its dominance in the Web3 lending space, with potential model changes set to strengthen its position as the decentralized finance landscape evolves.

Filecoin's price surges with the announcement of the Waffle network update, set for August 2024, promising performance enhancements and new capabilities. The update includes support for Ethereum transactions and a non-interactive proof of replication. Filecoin's strategic partnership with SingularityNET aims to revolutionize AI data storage, positioning Filecoin as a leading DePIN project for AI. The price rally is supported by an increase in trading volume and positive technical indicators, with the potential to break resistance levels for continued growth.