Source: TheMerkle.com
As August 2024 unfolds, the Ethereum ecosystem showcases a dynamic landscape where LINK emerges as the frontrunner, boasting a market cap of $6.19 billion, followed by UNI and AAVE.
LINK’s consistent dominance since early 2023 underscores its stability and widespread adoption, making it a key player in the market.
However, whale concentration in tokens like RPL (94%) and AXS (93%) raises concerns about potential price manipulation, indicating a riskier environment
Read More https://themerkle.com/ethereum-ecosystem-in-august-2024-links-dominance-volatility-and-whale-activity-define-the-market/
The post "Ethereum Ecosystem In August 2024: LINK’s Dominance, Volatility, And Whale Activity Define The Market" appeared first here TheMerkle.com.
Source: TheMerkle.com
