WAVES price broke a record – Market value exceeded $ 4 billion!

Waves (WAVES) price saw a significant rise in May. With recent advances in decentralized finance (DeFi) and non-fungible token (NFT), keeping real-world solutions has been instrumental in this.

4-hour chart for WAVES / USDT pair. Source: TradingView

Data from Tradingview showed that after falling to $ 12.22 on April 25, the price of Waves surged more than 205 percent to an all-time high of $ 37.61 and a record $ 1.24 billion in 24-hour trading volume. It shows that you are signing. Only in the first days of May, an increase of 60 percent was achieved.

Adoption in the real world has sparked price

The spark that made the double-digit rise possible last week came with the announcement that Waves Enterprise has partnered with Russian space agency Roscosmos to test a tool that uses blockchain technology to prevent IPR infringement.

WAVES also increased its popularity with the launch of the Wave EGG project, where Users earn special tokens by generating NFT.

Total asset locked on the network’s Neutrino stablecoin protocol on April 29 Exceeded $ 1 billion.

Before the WAVES price hike on May 3, decentralized oracle service provider Chainlink announced WAVES / USD data streams that can be easily integrated into the DeFi market.

Additionally, social sentiment increased with the price, according to data from TheTie. The long-term sentiment score increased from 53 to 93 in less than a week, with the increase in Tweet volume.

Tweet volume (dotted blue) with WAVES long term feel (light blue). Source. Source: The Tie

Real-world examples that have attracted the attention of governments and companies seeking to integrate distributed ledger technology with active DeFi and NFT communities have pushed the WAVES protocol forward.

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