{"id":540895,"date":"2024-06-27T14:21:31","date_gmt":"2024-06-27T14:21:31","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=540895"},"modified":"2024-06-27T14:21:31","modified_gmt":"2024-06-27T14:21:31","slug":"top-crypto-gainers-today-jun-27-axelar-flare-injective-convex-finance","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/top-crypto-gainers-today-jun-27-axelar-flare-injective-convex-finance","title":{"rendered":"Top Crypto Gainers Today Jun 27 – Axelar, Flare, Injective, Convex Finance"},"content":{"rendered":"

This Friday at 8 AM UTC, Deribit, the leading crypto derivatives exchange, will witness an eye-popping $10.18 billion in Bitcoin (BTC) and Ethereum (ETH) options expiring. This amounts to over 40% of Deribit’s total open interest, currently exceeding $23 billion. Such colossal quarterly expirations typically <\/span>trigger heightened market volatility<\/span><\/a>, with traders scrambling to adjust their positions, making price movements highly unpredictable.<\/span><\/p>\n

According to Luuk Strijers, Deribit’s CEO, $2.7 billion of these options are poised to expire profitably (in-the-money) out of a total notional value surpassing $10 billion. This imminent event will shake the market significantly as traders brace for potentially massive shifts. Despite recent decreases — Bitcoin down nearly 9% and Ethereum almost 10% this month — investors are actively pursuing higher premiums for call options. This suggests a bullish sentiment, hinting at expectations for a market rebound despite recent price pressures.<\/span><\/p>\n

Biggest Crypto Gainers Today – Top List<\/b><\/h2>\n

Axelar, Flare, Injective, and Convex Finance have emerged as today’s <\/span>top gainers<\/span><\/a>, driven by significant movements in their respective markets. Axelar distinguishes itself with its secure cross-chain communication infrastructure, enhancing its appeal among developers and users. Meanwhile, Flare adopts EVM-based technology to facilitate decentralized data access, fostering innovative dApp solutions and expanding its utility.<\/span><\/p>\n

Injective excels in DeFi with a decentralized order book and cross-chain capabilities. In contrast, Convex Finance boosts liquidity provider rewards in the Curve ecosystem, influencing DeFi strategies. These gainers showcase varied blockchain innovations poised for growth in the crypto market.<\/span><\/p>\n

1. Axelar (AXL)<\/b><\/h3>\n

Axelar aims to deliver secure cross-chain communication for Web3. It provides a decentralized network and essential tools for developers of decentralized applications (dApp). Its protocol suite includes a decentralized network and a software development kit (SDK) of protocols and APIs. Additionally, it features gateway smart contracts designed for seamless cross-chain connectivity.<\/span><\/p>\n

It differentiates itself through its approach to secure cross-chain communication via dynamic validators. This distinguishes it from projects using optimistic setups or federated multi-sig. Powered by a decentralized validator network and employing a proof-of-stake (PoS) consensus mechanism, Axelar enables open participation.<\/span><\/p>\n

\"AXL<\/p>\n

Axelar simplifies dApp development with protocols, APIs, and tools, enabling cross-chain applications without the need to learn new programming languages. It also allows users to access decentralized web services seamlessly with a single click.<\/span><\/p>\n

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🚨 $axlSAGA is now supported on 19+ EVM chains 🚨@Sagaxyz__<\/a> is an L1 protocol that allows developers to automatically spin up VM-agnostic, parallelized & interoperable dedicated chains – “Chainlets” that provide apps w\/ infinite horizontal scalability.<\/p>\n

Swap on @squidrouter<\/a>! pic.twitter.com\/LCQ0VX9oEK<\/a><\/p>\n

— Axelar Network (@axelarnetwork) June 25, 2024<\/a><\/p><\/blockquote>\n