Chainlink (LINK) and Avalanche (AVAX) Relish Prospect of Price Surge From Growing DeFi Demand

The DeFi industry has seen a boost as a result of more investors flocking into the crypto market as a whole. With more dApps and features introduced

The decentralized finance (DeFi) sector has seen a boost in recent times, thanks to the influx of investors into the crypto market. As a result, there is a higher demand for DeFi protocols.

This development is highlighted in a recent analysis by crypto news site, CoinMarketCap. The analysis examines the latest updates from Chainlink (LINK), a top DeFi project, and the rising AVAX price, fueled by the increasing interest in DeFi.

The analysis also includes a spotlight on Cutoshi (CUTO), a new project that combines DeFi features with the meme coin concept, offering a unique proposition in the crypto market.

Here's a closer look at each project and its offerings:

Chainlink's Latest Updates To Enhance DeFi Adoption

Chainlink (LINK) has garnered significant attention within the DeFi domain by facilitating the integration of real-world data into smart contracts. The project is making headlines once again with two crucial updates.

The first is the introduction of a staking mechanism, presenting an opportunity for users to maximize their earnings. The second update is the Chainlink Cross-Chain Interoperability Protocol (CCIP).

CCIP scales the interoperability of Chainlink (LINK), enabling it to cater to multiple platforms. This aspect is already attracting developers. For instance, Mountain Protocol recently connected its stablecoin, USDM, to the Chainlink (LINK) CCIP, enabling its operation across different chains.

With the crypto market warming up to DeFi tokens, Chainlink is poised to be one of the biggest beneficiaries of the resulting interest. On the Chainlink chart, the LINK price has registered 11.23% gains within a month, which could be the starting point of a huge price pump.

Renewed DeFi Interest Sparks Bullish AVAX Price Prediction

While there hasn't been any major AVAX news making headlines in recent times, the renewed interest in DeFi protocols has brought the spotlight to the top DeiF project.

As a result, the AVAX price prediction is as bullish as ever. First is Avalanche's recent launch of a $40 million grant for developers, followed by the Avalanche9000 upgrade.

The Avalanche9000 is Avalanche’s biggest upgrade since its launch. With these developments, Avalanche (AVAX) provides the right environment to match the surging demands for DeFi, and experts are tipping the AVAX price for a rapid surge.

Avalanche (AVAX) is currently trading 19.77% above its performance from last month and 3.83% on the weekly trends. A 10,000% surge could take the AVAX price to well over $2,500.

Cutoshi Brings Utility To Meme Coins With DeFi Features

For a long time, the meme coin market has craved some serious utility and Cutoshi (CUTO) has set out to take advantage by providing a DEX to meet this demand. Cutoshi is built on the Ethereum network.

The project builds on the Ethereum network’s security and efficiency to create a platform where users can transact between different chains. With the Cutoshi DEX, swapping and trading becomes easier and more accessible.

The project offers a wide range of other features for DeFi users to unpack in the Cutoshi ecosystem. The Cutoshi Academy is a knowledge bank where members can learn about the DeFi industry and the meme project itself. Cutoshi also offers a farming option that rewards community members for completing tasks.

Furthermore, according to its tokenomics, the Cutoshi project has deflationary measures in place to manage its value. A total of 7% of CUTO's total supply will be burned to create scarcity and increase the demand for the token.

The CUTO token is currently selling at $0.022 in Stage 2 of its presale, and investors are stacking up their portfolios as they believe a price increase is on the cards as platforms start to list Cutoshi, as we have seen with the recent listing on CoinMarketCap. This listing further boosts visibility for Cutoshi.

Cutoshi Joins The Ranks Of DeFi Coins In High Demand

DeFI projects like Avalanche (AVAX) and Chainlink (LINK) are always in high demand for the utilities they offer. With the increasing interest in the DeFi industry, top coins like LINK and AVAX are joined in anticipation by Cutoshi.

As Cutoshi takes DeFi to the meme coin sector, the project has an advantage as it aims to break new ground.

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