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Ethereum Updates: Alternative Coins Rise on New Developments While Major Cryptocurrencies Remain Unchanged

Ethereum Updates: Alternative Coins Rise on New Developments While Major Cryptocurrencies Remain Unchanged

Bitget-RWA2025/11/11 23:14
By:Bitget-RWA

- Altcoin Lisk (LSK) surges 70% amid short squeeze and Optimism Superchain migration, driven by Binance/Bybit open interest and Upbit's 81% trading volume share. - Aero (Aerodrome+Velodrome) merger aims to create $536M TVL cross-chain liquidity hub, challenging Uniswap's $4.9B dominance with MEV auctions and Ethereum integration. - DeFi faces headwinds as TVL plummets across major chains, exacerbated by $120M Balancer exploit, while Injective Protocol launches gas-free Cosmos-based mainnet to boost scalabi

Altcoins are experiencing heightened activity in the cryptocurrency sector, with

(LSK), Velodrome, and developments related to Nano drawing significant interest amid ongoing market fluctuations. As leading digital assets such as and remain largely stable, smaller projects are capitalizing on new alliances, technical enhancements, and exchange-driven trends to fuel their expansion.

Lisk, a long-standing blockchain project, has made a notable resurgence, with its token

jumping by more than 70% in a single session to hit $0.37. This sharp rise, triggered by a short squeeze and an all-time high open interest of $22 million on Binance and Bybit, could signal a new chapter for Lisk after a prolonged period of inactivity. The price surge aligned with Lisk’s transition to the Optimism Superchain, which boosts its Web3 application offerings through sidechains and a JavaScript SDK, according to a . Upbit, a major South Korean exchange, was instrumental in this rally, representing 81% of LSK’s trading volume against the Korean won and pushing the token into the platform’s top five traded assets, as highlighted by . Experts point out that although the recent rally wiped out $1.4 million in short positions, Lisk’s continued momentum will depend on its ability to achieve its roadmap goals, such as growing its $9.1 million total value locked (TVL) ecosystem, as previously mentioned by .

In a bid to unify liquidity, decentralized exchanges Aerodrome and Velodrome are set to combine into a single platform named Aero, which is scheduled to debut on the

Mainnet and Circle’s Arc blockchain in the second quarter of 2026, as reported by . This merger, led by Dromos Labs, seeks to establish a cross-chain liquidity center featuring integrated MEV auctions and improved capital efficiency. Aero’s TVL is projected to merge Aerodrome’s $480 million with Velodrome’s $56 million, positioning it as a strong rival to , which currently leads with $4.9 billion in TVL, according to . This development supports Ethereum’s broader efforts to enhance decentralized infrastructure, as Uniswap’s proposed “UNIfication” governance initiative aims to decrease token supply through treasury burns, as noted by .

Injective Protocol, a decentralized exchange built on Cosmos, is preparing to roll out its public mainnet on November 12, promising zero gas fees and a modular design to enhance blockchain scalability, as stated in a

. Meanwhile, the DeFi landscape is facing challenges, with TVL dropping sharply across leading blockchains. Ethereum, Solana, and Smart Chain have all experienced significant declines, worsened by a $120 million exploit at , as reported by . Despite these setbacks, projects like and Aero continue to drive innovation in decentralized infrastructure, aiming to attract both developers and users with improved performance and cross-chain features.

Although

an altcoin, Google's "Nano Banana" AI model—recently added to Adobe Photoshop—has ignited conversations about AI’s impact on creative industries, as . Its integration into generative fill tools highlights the convergence of AI and blockchain, as Adobe opens its platform to third-party models. While not directly tied to crypto, the Nano Banana’s popularity signals a growing interest in advanced technology, which could indirectly shape investor attitudes toward blockchain-based AI initiatives.

As altcoins attempt to recover, Lisk’s technical improvements and Aero’s cross-chain vision point to a trend toward specialized applications. Nevertheless, with DeFi TVL shrinking and XRP’s price remaining unstable, as reported by

, lasting growth will depend on strong fundamentals and renewed market trust.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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