Crypto NewsEthereum (ETH)

Coinbase sparks 107% altcoin explosion after listing slew of Ethereum-based crypto assets

An altcoin for decentralized finance (DeFi) is booming after being included in top US crypto exchange Coinbase’s list of digital assets.
Coinbase says DeFi Yield Protocol (DYP) and five others Ethereum-based altcoins are paired with Tether (USDT) traded once the relevant liquidity conditions are met.

The DeFi Yield Protocol aims to provide users with the ability to stake Ethereum (ETH), Binance Coin (BNB) and Avalanche (AVAX) to earn a fixed 25% APR (Annual Percentage).

The project website states that DYP is working on a wide range of products for the decentralized ecosystem, trying to sell through a combination of DeFi, non-fungible tokens (NFTs) and Metaverse gaming “to be accessible to both beginners and advanced users”.

The DeFi Yield Protocol is up a massive 107% this week and is trading for $0.43.

Coinbase is also joined by the privacy protocol HOPR, which aims to solve Web3’s so-called Achilles heel by obfuscating metadata to preserve transport-layer privacy.

As of this writing, HOPR is up almost 5% in the green on the day and is changing hands for $0.13.

Next comes Math (MATH), a modular Blockchainwhich is a cryptoWallet developed that goes beyond storing tokens and also meets the needs of applications.

Math is also up 19.39% on the day with a current price of $0.14.

Another altcoin joining Coinbase is the blockchain transaction-tracking protocol PARSIQ (PRQ), which monitors blockchain events in real-time and provides analytics options across a variety of industries.

The Ethereum-based PRQ token powers the project ecosystem. Holders can lend their tokens and generate passive income by staking in liquidity pools.

PARSIQ is up 10.34% so far on the day and is valued at $0.14.

Elastos (ELA) is a decentralized and community-based ecosystem designed to unleash the full potential of Web 3.0. The project provides tools for app developers and has designed a crypto wallet called Essentials.

Elastos is currently down nearly 6% with an asking price of $1.53.

Last on the list of new Coinbase assets is Aleph.im (ALEPH), a decentralized cloud computing tool that aims to simplify the implementation process for DeFi and Web3 users.

At the time of writing, Aleph.im is down almost a percent and costs $0.25.
Check the price action


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Bitcoin$20,286.00$20,286.004.67%Ethereum$1,080.37$1,080.377.09%Cardano$0.472873$0.4728735.17%XRP$0.322757$0.3227572.96%Dogecoins$0.062914$0.0629145.54%

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