WAVES Posts 100+ Percent Gains in Just 24 Hours as TVL Rises
2022.05.31 10:36
WAVES Posts 100+ Percent Gains in Just 24 Hours as TVL Rises
- Waves (WAVES) experienced a meteoric 106% rise in price in the last 24 hours.
- The price of WAVES increased from $4.4 yesterday and went all the way up to $9.56 in just 24 hours.
- Data from DefiLlama shows that the TVL in the Waves ecosystem has risen by 25.09% in the past 24 hours.
Waves (WAVES), number 60 on CoinMarketCap’s list of biggest projects by market cap, experienced a meteoric 106% rise in price in the last 24 hours.
The price of WAVES increased from $4.4 yesterday and went all the way up to $9.56 in just 24 hours. Since reaching $9.56, its price has fallen back down to $8.72. Nonetheless, the coin is still up more than 90% at the time of writing, according to the crypto market tracker, CoinMarketCap. WAVES is also up over 50% in the last seven days.
In addition, data from DefiLlama shows that the total value locked (TVL) in the Waves ecosystem has risen by 25.09% in the past 24 hours. This takes its TVL to $1.11 billion – ranking it tenth out of all public chains.
Looking at the daily trading volume of WAVES, the figure has also increased more than tenfold following a 1,877.69% increase in the last 24 hours – taking the daily trading volume to $3,710,246,315.
As a result of the significant gains posted in the last 24 hours, the market cap of Waves is also up by 87.13%. Its market cap now stands at $931,574,394, and the fully diluted market cap for the project is $947,079,043.
Waves’ price has also strengthened against Bitcoin (BTC) and Ethereum (ETH) by 79.66% and 78.38%, respectively. At the time of writing, 1 WAVES is worth approximately 0.0002719 BTC and 0.004351 ETH.
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