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- 🚀 ETH jumped to $4,600 this morning, up 8.69% in 24h!
Just shy of the $4,891 ATH—think it breaks through?
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HIFI (Hifi Finance) has pumped 40.48% in the last 24 hours.
Gate News Bot news, on August 13, according to CoinMarketCap data, HIFI (Hifi Finance) is currently reported at $0.12, having risen 40.48% in the last 24 hours, with a high of $0.12 and a low of $0.07. The current market capitalization is approximately $165,000, an increase of nearly $47,600 compared to yesterday. It is currently ranked 982.
Hifi Finance is a decentralized lending protocol that allows users to borrow against cryptocurrency or supported real-world asset collateral. The protocol offers fixed-rate lending, bringing predictability to decentralized finance. Hifi has successfully issued over $1 million in loans against commercial real estate RWAs, which is just the beginning of RWA loans in the protocol. Hifi is committed to participating in the lending of tokenized real-world assets, believing that this represents the largest value introduction to date in blockchain history.
Important news about HIFI recently:
1️⃣ Fixed Rate Lending Protocol Launched Hifi Finance officially launched its fixed-rate lending protocol. This innovation brings predictability to the decentralized finance space, allowing users to better plan their financial strategies. The introduction of fixed-rate lending is expected to attract more conservative investors into the DeFi market.
2️⃣ Real World Asset ( RWA ) borrowing breakthrough Hifi Finance has successfully issued over $1 million in loans for commercial real estate RWA. This marks a significant advancement for the protocol in connecting traditional finance with crypto finance. The successful implementation of RWA lending opens new market opportunities for Hifi and is expected to attract more institutional investors' attention.
3️⃣ Project Restructuring and Brand Upgrading Hifi Finance is rebranded from the original Mainframe project. This brand upgrade is not just a name change, but also represents an adjustment in the project’s strategic direction, focusing on fixed-rate lending and RWA integration. This shift makes the project positioning clearer and is beneficial for attracting users and partners in specific fields.
From a technical perspective, the significant rise in HIFI token prices reflects the market's positive response to its new positioning and business progress. However, considering the high volatility of the cryptocurrency market, investors still need to cautiously monitor the project's long-term development and the overall market trend.
This message is not intended as investment advice, and investors should be aware of market volatility risks.