{"id":557571,"date":"2024-07-26T17:23:24","date_gmt":"2024-07-26T17:23:24","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=557571"},"modified":"2024-07-26T17:23:24","modified_gmt":"2024-07-26T17:23:24","slug":"top-crypto-gainers-today-jul-26-uma-aave-azuro-protocol-pendle","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/top-crypto-gainers-today-jul-26-uma-aave-azuro-protocol-pendle","title":{"rendered":"Top Crypto Gainers Today Jul 26 – UMA, Aave, Azuro Protocol, Pendle"},"content":{"rendered":"

Marathon Digital Holdings<\/span><\/a> recently made waves by purchasing $100 million in Bitcoin, signaling a major shift back to holding all mined Bitcoin on its balance sheet. After selling its Bitcoin to cover operating costs during the bear market, Marathon is now embracing Bitcoin’s resurgence. With Bitcoin up 51% this year and currently valued at around $64,000, the company’s move reveals growing institutional confidence.<\/span><\/p>\n

This strategic pivot highlights Bitcoin’s recovery and could influence other leading tokens in the market. Consequently, Marathon’s decision reflects broader optimism and may signal positive changes in the crypto market. As Bitcoin continues to rise, Marathon’s bold approach may set a new trend for institutional investment.<\/span> <\/b><\/p>\n

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

Today, the crypto market witnessed impressive gains, with UMA, Aave, Azuro Protocol, and Pendle standing out. UMA surged 17.16% to $2.54, driven by its innovative, Optimistic Oracle model, which supports real-time data verification. Meanwhile, Aave saw a 14.95% increase to $102.05, buoyed by a proposed fee switch and token buyback plan. <\/span><\/p>\n

Azuro Protocol’s token rose 11.02% to $0.193946 as it transformed betting through blockchain technology despite its higher volatility. Finally, Pendle’s token climbed 10.68% to $4.01, benefiting from its unique approach to yield tokenization and robust performance. Let’s get the scoop on how these <\/span>top gainers<\/a> are driving industry change and what this could mean for your portfolio.<\/span><\/p>\n

1. <\/b>UMA (UMA)<\/b><\/h3>\n

UMA is an Optimistic Oracle (OO), a powerful Web3 tool designed to record and verify blockchain data. Unlike traditional models, it operates on a “true unless disputed” principle, meaning data is accepted unless contested. This approach, developed in 2014, supports various Web3 applications. Consequently, it enhances cross-chain bridges, prediction markets, and DAO tooling by incorporating human judgment into data verification.<\/span><\/p>\n

\"UMA<\/p>\n

As of late, UMA’s impact has been evident in the prediction market space, particularly through its support of Polymarket. This platform’s growth in 2024 emphasizes UMA’s oracle’s ability to deliver real-time insights. As prediction markets gain traction, UMA’s OO proves crucial for validating and settling these markets. Thus, it highlights the evolving role of optimistic oracles in transforming how we access and interpret information.<\/span><\/p>\n

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In 2024, @polymarket<\/a> has become more than just a prediction market platform.<\/p>\n

It’s now a tool for predicting real-world outcomes, often more reliable than mainstream media and polls.<\/p>\n

As popularity increases, prediction markets are becoming real-time sentiment trackers. 🧵 pic.twitter.com\/iAH7GlvPQC<\/a><\/p>\n

— UMA 🥚 (@UMAprotocol) July 24, 2024<\/a><\/p><\/blockquote>\n