Aave has integrated Chainlink’s Smart Value Recapture (SVR) on Ethereum Mainnet to recapture liquidation-related MEV, historically lost to block builders, and redirect it to DeFi apps.

The S&P 500 fell 1.53% last week amid tariff concerns, with investors awaiting jobs data and earnings. Gold dips to $3,025 as Ukraine peace talks reduce safe-haven demand, but Fed rate cut expectations may limit losses. Market focus shifts to U.S. retail sales data for further direction. CoinDesk Indices, which tracks the broader crypto market, rose 1.06% in the past 24 hours, Bitcoin dropped 0.75%, while Ether rose 0.07%. Trade these markets and more with up to 500x leverage on Bybit MT5 using this 

Today's top performer is ZRO, up 9.3%, as Wyoming partners with LayerZero for multichain stablecoin development.

LayerZero (ZRO), launched in 2021, is a cross-chain interoperability protocol enabling secure blockchain communication. It has raised $260M+ and reached a $3B valuation. Supporting 48 blockchains, its V2 upgrade enhances security and programmability. Its first DApp, Stargate Finance, enables seamless cross-chain transfers. Wyoming Stable Token Commission has 

 with LayerZero to develop the WYST stable token, announced at the DC Blockchain Summit. Test WYST has been deployed on multiple blockchain testnets using LayerZero’s Omnichain Fungible Token standard, meeting legislative requirements for a multichain stable token. The Commission aims to launch a fiat-backed, fully reserved stablecoin soon.

Check out the latest prices, charts, and data of 

 Chainlink’s Smart Value Recapture (SVR) on Ethereum Mainnet to recapture liquidation-related MEV, historically lost to block builders, and redirect it to DeFi apps. Developed with BGD Labs and Flashbots, SVR enables Aave to reclaim Oracle Extractable Value (OEV) from liquidations, boosting protocol revenue. Initially applied to select markets (tBTC, LBTC, AAVE, LINK), the recaptured revenue will be split between Aave (65%) and Chainlink (35%). SVR is also the first Chainlink service integrated with Payment Abstraction, allowing seamless LINK conversions for fees. Future upgrades will enhance decentralization, gas efficiency, and cross-chain functionality.

The BTC spot ETF data for the week of March 24–28, 2025, shows a total of $196.4 million in Non-GBTC, with no changes in GBTC. The week's total was negative due to a significant drop on March 28, where Non-GBTC was down by $93.2 million. The current total from inception stands at $36,334 million for Non-GBTC and -$22,526 million for GBTC.

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Aave integrates Chainlink SVR to recapture MEV and boost DeFi revenue

Mar 31, 2025: Our weekly Institutional Insights explores the latest market developments — market performance, industry news, exchange-traded fund (ETF) flows, trending topics, upcoming events and token unlocks — to help you supercharge your crypto trading.

 explores the latest market developments — market performance, industry news, exchange-traded fund (ETF) flows, trending topics, upcoming events and token unlocks — to help you supercharge your crypto trading.

Weekly highlight — Payroll is expected to further soften

US employers likely slowed hiring in March amid rising consumer caution and a dimmer economic outlook due to concerns over higher tariffs. Payrolls increased by 138,000, falling short of the 151,000 rise from the previous month, marking the slowest average job growth since October. The unemployment rate is expected to remain at 4.1%.

The labor market report comes as economic data shows a significant slowdown in Q1, with personal spending barely rising, soft disposable income growth and declining consumer sentiment over inflation fears.

Federal Reserve Chair Jerome Powell and other Board of Governors members will address the economic outlook shortly after the jobs data release next Friday. The anxiety surrounding President Trump's aggressive trade policies is mounting, especially with the expected significant tariff increase on imports.

Trump stated he is unconcerned about potential auto price hikes due to these tariffs. 

 predicts that effective tariffs could reach around 15% next year, the highest in nearly a century, which may keep the Fed from lowering rates amid inflation risks.

With consumer confidence waning, any significant drop in job growth could heighten economic concerns. Upcoming manufacturing and services surveys from the Institute for Supply Management (ISM) and S&P Global are anticipated to provide further insights.

Weekly crypto highlight — Ether doubts mount as volatility rattles market

Vitalik Buterin, Ethereum’s founder, was once celebrated as a visionary in the cryptocurrency realm. Known for his quirky style and idealistic views, he’s aimed to revolutionize finance and digital life via Ethereum, a significant competitor to Bitcoin. However, as Ethereum enters its second decade, it’s struggling to meet early expectations amid a rapidly evolving industry influenced by political shifts, notably under Donald Trump.

Developers are leaving, early supporters are frustrated — and Ethereum's token (ETH, or Ether) has underperformed compared to Bitcoin and other competitors. Complaints about Buterin's leadership have intensified, leading him to express the challenges of maintaining a positive environment for talent within the Ethereum Foundation.

Despite Ethereum remaining the world’s second-largest cryptocurrency, its value plummeted approximately 44% in 2025, marking its worst quarterly performance since 2022. While BTC has gained 30% over the past year, ETH has declined 45%, losing ground to rivals like Solana, which has experienced 83% growth in developer activity.

Analysts have downgraded Ethereum's year-end forecast by 60%, citing an identity crisis and dwindling dominance. At a recent conference, Buterin acknowledged the unmet promises of Ethereum but stressed the need for sustainable long-term value.

Buterin, who authored the Ethereum white paper in 2014 after dropping out of college, envisioned a decentralized platform for digital contracts and applications. Despite Ethereum's speculative highs, he has remained detached from material wealth.

In contrast to the crypto landscape embracing Trump's rhetoric, Buterin has maintained a critical stance, labeling “politician coins” as risky and detrimental to democracy. He hasn’t commented further on these issues, reflecting his commitment to Ethereum's foundational ideals amid shifting industry dynamics.

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Weekly Institutional Insights: US payroll expected to weaken; Ether doubts mount

Following the success of recent Bitcoin and Ethereum Spot ETFs, asset managers are actively pursuing the creation of spot ETFs for altcoins. Learn more here.

US president Donald Trump's return to office has ignited renewed institutional interest in 

 (ETF) applications centered on these innovative digital assets. This surge reflects a growing recognition of altcoins as viable investment opportunities. 

In this article, we’ll take a deep dive into the dynamic 

 landscape, spotlight key altcoins that are drawing ETF proposals and discuss the potential market impact and regulatory challenges. 

An altcoin spot ETF application is a formal request submitted to regulators to create an exchange-traded fund (ETF) that directly holds altcoins (cryptocurrencies other than 

) as underlying assets, allowing investors regulated exposure to the altcoins’ real-time market prices without owning the altcoins themselves.

How does an altcoin spot ETF application work?

The process of applying for such an ETF in the United States involves several detailed steps, primarily overseen by the Securities and Exchange Commission (SEC).

During its review, the SEC assesses several critical factors to determine whether the altcoin is suitable for inclusion in an ETF. The agency examines the market surveillance capabilities of the exchange, ensuring it can effectively monitor trading activities to prevent fraud and manipulation. In addition, the SEC evaluates custody solutions to guarantee secure storage of the altcoin, protecting it against theft or loss. Finally, the agency considers the liquidity and market size of the altcoin, assessing its market maturity through indicators (such as trading volume and market capitalization) to ensure it can adequately support an ETF structure.

Current altcoin spot ETF application landscape

 in the United States in 2024, asset managers have expanded their focus to other cryptocurrencies. Major firms Grayscale Investments, Bitwise, VanEck and Canary Capital have filed applications with the US SEC for ETFs tied to cryptocurrencies such as 

 from Bloomberg Intelligence have assigned a 90% approval probability for a Litecoin ETF in 2025, with 

, Solana and XRP following at 75%, 70% and 65% likelihoods, respectively. 

In the international scene, Brazil's securities regulator, the Comissão de Valores Mobiliários (CVM), 

 Spot XRP ETF, the Hashdex Nasdaq XRP Index Fund. This ETF allows investors to gain direct exposure to XRP through Brazil's B3 stock exchange without the need to purchase and store the cryptocurrency themselves. 

Why is there a sudden rise in altcoin spot ETF applications?

Several factors have contributed to the surge in altcoin spot ETF applications.

An overview of altcoins with spot ETF applications

The growing interest in altcoin spot ETFs has led several asset managers in the US to file applications for a range of digital assets. Below is a detailed list of the altcoins currently targeted by spot ETF applications, along with the companies behind each filing.

 is a high-performance blockchain platform renowned for its scalability, speed and low transaction costs achieved through its unique Proof of History (PoH) 

. In February 2025, the SEC acknowledged several Spot Solana ETF applications from prominent asset managers, as follows.

Currently under review, these applications collectively carry an estimated 70% likelihood of approval, though this outlook may be affected by the regulatory classification of SOL as a security. 

 is a decentralized cryptocurrency launched in 2011 as a faster, lower-cost alternative to Bitcoin. Dubbed "digital silver," it uses a 

 (PoW) consensus mechanism and serves primarily as a payment network.

Several asset managers have submitted applications for a Spot Litecoin ETF.

The SEC’s final decisions are expected by late 2025. Bloomberg analysts estimate a 

 for Litecoin ETFs in 2025, due to Litecoin’s commodity classification and reduced regulatory risks as compared to other cryptocurrencies. Analysts also highlight that Litecoin’s technical similarities to Bitcoin are favorable factors in the ongoing review process.

’s decentralized blockchain platform is designed to enable interoperability between different blockchain networks. Pending DOT Spot ETF applications include the following.

The applications are under review by the SEC, and 21Shares recently 

its application in early March, 2025, indicating active collaboration with the SEC. 

 is a third-generation blockchain platform that uses a 

 (PoS) consensus mechanism, making it more energy-efficient than PoW blockchains. It’s known for its rigorous, peer-reviewed development process and focus on sustainability, scalability and interoperability. 

filed the first-ever (and, so far, only) Spot Cardano ETF application 

 with the SEC, aiming to list the ETF on the New York Stock Exchange (NYSE). 

Grayscale's Spot Cardano ETF application is currently under review by the SEC, with the regulatory body 

 on Feb 24, 2025. The SEC's decision is expected by August 2025. 

 is a decentralized public network that uses the novel 

 (based on a directed acyclic graph, or DAG) to offer high-speed, secure and energy-efficient transactions. It’s designed as an alternative to traditional blockchain systems, supporting applications across various industries like finance, gaming and healthcare. 

The following asset managers have submitted HBAR Spot ETF applications.

The SEC review process for the HBAR Spot ETFs has begun. It can take up to 240 days for a full response. However, HBAR isn’t considered a security by the SEC, which could potentially expedite the approval process for an HBAR Spot ETF. 

 is a decentralized oracle network that helps connect smart contracts to real-world data, ensuring that these contracts can securely and reliably access external information. 

Although no asset managers have filed for a Spot ETF focused solely on Chainlink (LINK), the asset is gaining exposure through broader crypto ETF filings. For instance, Hashdex's crypto ETF, which also features major cryptocurrencies like Bitcoin and Ethereum, includes Chainlink in its portfolio. This ETF application 

 on Nov 25, 2024, and is currently under review.

 cryptocurrency that originated as a satirical take on the burgeoning digital currency market. Despite its humorous beginnings, Dogecoin has developed a significant following and has been used in various charitable events and crowdfunding campaigns. 

Asset managers who have submitted applications for Dogecoin (DOGE) Spot ETFs include the following.

These applications are currently under review by the SEC, and a decision regarding Grayscale's application is anticipated by mid-October 2025. 

 blockchain platform developed by Ava Labs and launched in September 2020. It’s designed to support fast, scalable and secure 

The following asset managers have submitted applications for 

These applications are currently under review by the SEC. 

 is a Layer 1 blockchain platform developed by Aptos Labs, founded in 2021 by former Meta (Facebook) employees Mo Shaikh and Avery Ching. Leveraging the Move programming language, initially created for Meta's Diem project, Aptos aims to deliver a scalable, secure, and efficient infrastructure for DApps. 

As of now, Bitwise Asset Management is the only asset manager that has 

 for an APT Spot ETF. The application, submitted on Mar 5, 2025, is still pending with the SEC.

 is the native digital asset of the XRP Ledger, an open-source blockchain designed to facilitate fast, low-cost and energy-efficient cross-border payments. XRP aims to provide a scalable alternative to traditional financial systems such as SWIFT. 

All of these applications are currently under review by the SEC, with possible approvals expected later in the year.

 is a Layer 1 smart contract platform designed to enhance digital asset ownership by making transactions fast, secure and accessible. Its PoS consensus mechanism and use of the Move programming language enable Sui to support high-speed transactions and a wide range of DApps, positioning it as a scalable solution for various blockchain use cases. 

 with the SEC to launch an ETF tied to the spot price of SUI. This filing represents the first, and for now, only attempt to introduce a SUI-backed ETF in the United States.

The SEC has acknowledged receipt of Canary Capital's application, kicking off the regulatory review process. 

 is an Ethereum Layer 2 blockchain platform built to improve scalability and efficiency. It leverages the Move programming language for faster transaction speeds and lower costs, seeking to establish itself as a next-generation blockchain solution.

 for an ETF designed to track the MOVE token. Submitted on Mar 10, 2025, this marks the first, and currently the only, application for a MOVE Spot ETF.

The SEC is currently reviewing the application, having confirmed receipt.

Could this trend pave the way for crypto mainstream adoption?

The growing number of altcoin spot ETF applications and potential approvals could significantly impact the cryptocurrency landscape, potentially accelerating mainstream adoption. Here's how.

Historical data suggests that significant regulatory milestones, such as ETF approvals, often lead to market rallies. For instance, following the SEC's approval of Bitcoin Spot ETFs in early 2024, Bitcoin's price surged over 

, reaching a peak of $100,000. This rally contributed to the overall cryptocurrency market cap’s climb to approximately $3.5 trillion. Similarly, spot ETF approvals could trigger a bull run, as increased demand drives up prices. With easier access to crypto investments, more individuals and institutions may enter the market, further driving adoption and innovation within the ecosystem.

While the outlook is optimistic, it's essential to approach these developments with caution.

, and their market movements can be unpredictable. Investors should 

 and consider their risk tolerance before investing in cryptocurrencies or related products.

The altcoin Spot ETF landscape is rapidly expanding as asset managers like Grayscale, Bitwise, 21Shares and Canary Capital file applications for digital assets beyond Bitcoin and Ethereum. With ETFs targeting Solana, Litecoin, Polkadot, Cardano and other altcoins, these initiatives aim to enhance market accessibility and institutional participation, though final approval remains subject to regulatory review.

Intermediate

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Crypto ETF landscape: An overview of altcoins with ETF applications

Our weekly crypto derivatives analytics report delves into macro events; the current state of crypto and trading signals from spot trading volume; and futures, options and perpetual contracts.

Since hitting a local bottom on Mar 11, 2025, crypto asset prices have experienced a two-week rise, following a recovery above $87K for BTC and $2K for ETH. XRP remains stable, but BTC and ETH are still below their levels from the start of the year. SOL is also down for the year, despite reaching an all-time high (ATH) in January 2025 that coincided with the 

. While derivatives markets aren't bullish yet, they've reversed much of the bearish sentiment, although demand persists for puts on BTC and ETH.

Please check out the report’s highlights.

For most of this past week, perpetual open interest remained flat, reflecting a cautious risk-off sentiment across asset classes. This changed briefly with a partial spot recovery that allowed BTC to reach $88K (a two-week high), which led to slight increases in perp open interest and trade volume primarily driven by BTC. However, trade volumes are still significantly lower than at the start of the month when US president Donald Trump proposed a crypto strategic reserve for the big four tokens.

Negative funding rates point to bearish sentiment

Despite a week of lower realized volatility and positive performance among major crypto assets, funding rates for BTC and ETH contracts have remained mostly negative, indicating that short positions are paying long positions. This reflects a bearish sentiment not present in large-cap altcoins, whose funding rates have fluctuated between positive and negative without a clear directional trend.

Implied volatility levels have dropped by 3–5 points from last week, with 30-day options trading at their lowest level since the year's start. Realized volatility is nearing the 30% low established in late February. As is typical during periods of low volatility, options market activity has decreased, with open interest remaining low and balanced between puts and calls despite about $40M in weekly expirations.

Advanced

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Bybit X Block Scholes crypto derivatives analytics report (Mar 27, 2025): Cautious sentiment prevails despite price recovery

Bybit Learn

web3

Bounce is a decentralized auction platform that supports transactions for tokens, NFTs and various other goods and services. Find out more about it here.

Decentralization has been a focal point in the blockchain world for the last several years. It has supported application development, improved how payments are made, enhanced trading activities and more. It can also be used to bid on and transfer digital assets through decentralized auctions. While there are other seemingly similar platforms in use today, Bounce stands apart as a decentralized auction platform with unique capabilities and features.

Bounce’s fully decentralized auction platform uses blockchain technology to ensure more transparent, efficient and accessible auctioning, bidding and buying processes for 

 users. Since its launch in September 2020, Bounce has grown into one of the most popular decentralized auction platforms in the web3 ecosystem, particularly esteemed by buyers and sellers in the decentralized finance (DeFi) and NFT spaces.

Bounce Finance’s decentralized auction protocol is rooted in the principle of scarcity. It offers a competitive space for small-supply virtual assets to be auctioned. Users are able to create their own events for NFTs and token sales. More than that, the platform offers a variety of options for auctioning digital assets to suit various needs. The available types include English and Dutch auctions, sealed-bid auctions and fixed-price auctions. Through the platform, users are also able to benefit from the automatic execution of private or public over-the-counter (OTC) asset trading. 

Bounce uses its token, AUCTION, to complete transactions and for on-chain governance. In addition, the token can be staked to provide users with passive income through rewards, and liquidity mining is also available. Crowd loans are also available via Polkadot parachain bonds.

In 2020, Jack Lu and Chandler Song established Bounce Finance with the goal of providing an improved 

 experience for both tokens and NFTs. Its first two auctioning pool types were fixed-price auctions and dynamic ratio swapping, and this has expanded over the last few years. Through various rounds of funding, the platform has received financial backing from Blockchain Capital, Coinbase Ventures, SNZ Capital, Fundamental Labs and several other notable investors. 

To encourage interest in Bounce, Coinbase established a quiz with a financial reward for those who spent a few minutes learning about the decentralized auction platform. The Bounce metaverse has been enhanced with new features and upgrades since its launch. In fact, a second version was released that changed the format of the decentralized auction listings and brought other improvements to the table. A third version, Bounce V3, was launched in February 2023, introducing several new features and improvements. 

While there are other DeFi swapping platforms, most of them have been designed on the concept of infinite liquidity. Bounce, on the other hand, creates a competitive environment that is based on the scarcity of digital assets such as NFTs and tokens. The Bounce metaverse has been developed to improve the auctioning and trading of digital assets. By allowing users to create their own events and offering several unique types of decentralized auctions, users can more easily connect to interested parties. At the same time, bidders can easily search through active and upcoming events to identify the ones that meet their needs and interests. By doing so, Bounce takes the crypto concept of swapping to a different level.

In addition, the platform utilizes an information layer. Through this layer, users benefit from increased social interaction and have access to more information before making bids and completing trades. This information is provided in the form of data analytics.

To start using Bounce, a user must first connect a 

 and others. A user who has assets to offer must first create an event. Once the new listing is posted, it is published for users to consider. Users choose their preferred auctions and make their bids. Once a winner is selected through 

, the exchange is completed automatically.

 activities are also supported on the Bounce ecosystem. Another aspect of the platform is

 which supports competitive prices with the benefit of no 

Users can also take advantage of a price prediction tool built into the ecosystem. The interface supports price predictions for 

. A user can create a prediction pool and other users can place bets on the accuracy of that prediction. Making bets and receiving rewards are done through the use of AUCTION.

Bounce is a cross-chain platform that functions with Ethereum, BNB Chain and others. As a result, users can easily and quickly swap their native tokens for ETH and a few other tokens. 

An important aspect of the platform's first version was the establishment of governance. Bounce used to be governed by the community via BOT token holders. BOT was the original Bounce native token before the ecosystem migrated to AUCTION in 2021. The Bounce platform's community governance offers token holders the ability to suggest and debate changes as well as to implement them without the requirement of working with the Bounce team. 

In order to participate in governance, a user had to stake BOT tokens. This continues today with AUCTION staking instead. In addition, the original Bounce ecosystem functioned similarly to Ebay. The events for tokens and NFTs were discoverable by users through a list-style display. More than 6,500 auctions were completed through Bounce V1.

Bounce’s second version transitioned away from Ebay-like listings and into a Google-like platform. The list display that was used in Bounce V1 gave way to a search bar on the first page of the listings. Searches can be made using pool details, auction types and token names. Bounce V2 also introduced Bounce OTC as an alternative to auctions. This feature enables users to sell and buy ERC-20 tokens without slippage or limits.

With the launch of Bounce V3 in February 2023, Bounce completely overhauled its approach to auctions to adapt to an evolving web3 landscape. Bounce V3 entered new auction sectors, expanded marketplace offerings and forged new development partnerships. Fairness mechanisms were added to prevent fraudulent activity, and an innovative regret function for fixed swap auctions was introduced, allowing participants to withdraw their bids at any time. One of the most significant features introduced was Auction as a Service (

Bounce's revolutionary Auction as a Service (AaaS) is transforming the auction landscape. This service offers a suite of tools, including user registration and verification, to streamline the creation of digital auctions. Auction hosts can tailor the setup to their needs while benefiting from the security of a decentralized, on-chain system. An upcoming plug-in will allow anyone to host a digital auction on their website with minimal impact on user experience. 

Bounce is committed to fostering fully decentralized, transparent and secure auctions that are user-friendly for both creators and participants. As the web3 ecosystem expands, Bounce is poised to remain a significant player in the asset trading arena.

At its core, Bounce is a decentralized auction protocol that provides users with several distinctive types of auctions. The platform supports a creator economy, so users are able to choose their preferred event type and establish new decentralized auctions. With notable differences between these types, it is important to understand their primary differences in order to fully appreciate the advantages of Bounce.

 are supported on the Bounce ecosystem. They are available for 

 and ERC-20 tokens, and supported assets include tokens, NFTs, real-world collectibles and ad spaces. 

One distinguishing characteristic of this type of event is a fixed price that both the bidder and auctioneer have agreed to. Often, fixed-price auctions are preferred by auctioneers who have a solid idea of the value of their digital assets. Fixed-price auctions are executed automatically, and the exchange of assets between the two parties occurs simultaneously. 

An intriguing aspect of Bounce V3 is the regret feature, granting bidders the flexibility to join or exit the auction anytime during its duration.

, bidders submit bids privately and ahead of the event's scheduled date. Unlike with open bidding, each person can only make one bid. On the event's date, all of the concealed bids are reviewed and the winners are selected via smart contracts. Smart contracts are used to automatically fill the orders from the top down until the assets have all been claimed.

, the winning bid isn't determined by the highest offer. Instead, it's randomly selected, much like a lottery draw. This auction method is often used when the item up for grabs is in high demand, drawing a large number of bidders willing to pay a premium for it.

 setup, potential buyers and sellers place orders directly on the blockchain platform to buy or sell a specific asset. These orders are then paired based on certain criteria. The auction operates within a set time frame. Upon its conclusion, the paired orders are matched and the transactions are recorded on the blockchain, offering a decentralized, transparent and efficient mechanism for trading these assets.

Unlike conventional exchanges, where the order book is overseen by an exchange operator, in an on-chain order book auction the order book is stored on the blockchain and is accessible to everyone. This ensures the auction's transparency and security because all orders and transactions are recorded on the unchangeable blockchain ledger.

 offers a unique twist: Instead of your bid value, it's your performance in a specific game that determines your allocation. This 

 is split into two parts. First, participants battle it out in a game challenge, and then they engage in the token auction. The individual orchestrating the auction handpicks a game and lays out specific rules, such as how many can win, the auction's time frame, the type of currency accepted and the token's conversion value.

Once the playable auction is underway, participants dive into the game. Their success in the game directly correlates with their chances of landing an allocation. By the time the game challenge wraps up, the highest scorers earn the title of winners and gear up to finalize their allocation in the following segment. This innovative method infuses excitement into the auction and ensures a level playing field, promoting transparency.

For projects eyeing initial DEX offerings (

), Bounce Finance's playable auction presents a lively and interactive avenue. The onset of the IDO can be marked by a competitive game, in which participants hustle for a spot on the whitelist, driven by their gaming expertise. The project behind the IDO dictates the auction's span and determines the cream of the crop, for example the standout 50 gamers. This elite field then advances to the subsequent IDO phase, ready to purchase the project's tokens using the designated currency at a pre-decided rate.

Bounce allows individuals to convert their 

, such as watches or bags, into digital assets on a blockchain network. This process is referred to as on-chain real-world asset tokenization. Participants can then set up auctions for their blockchain-based digital replicas of real-world collectibles. These auctions are carried out in a secure and transparent manner, facilitated by smart contracts that autonomously enforce the rules of the auction.

Auction winners can then claim the real-world collectibles by burning the corresponding NFTs, which symbolize the ownership rights to these assets. This mechanism ensures that only the legitimate NFT owner can claim the associated real-world collectible.

Bounce has introduced a novel concept, the Bounce 

, which merges blockchain technology with traditional advertising methods. This mechanism operates in two distinct ways: peer-to-peer (P2P) mode and pool mode.

In P2P mode, sellers directly interact with buyers. The process begins with sellers creating advertising banners on their websites using provided tools, and converting these banners into NFTs. They then initiate an 

, a type of auction in which the price ascends. The sellers determine a reserve price, an acceptable ad format and the duration of the auction. Buyers, on the other hand, assess the website traffic before deciding to bid and upload their content. Once the seller approves the content and format, bidding can commence. Upon completion of the transaction, the buyer's content is displayed on the seller's advertising banners.

In pool mode, sellers create advertising banners and convert them into NFTs, just like in the P2P mode. However, instead of selling directly to buyers, sellers deposit the NFTs into a pool to generate income. These NFTs are then consolidated and auctioned off weekly for the upcoming week's ads. Buyers must prepare their ad content beforehand and submit it for approval to secure a bidding slot. The auction selects the top five to 10 highest bidders, and their content is displayed on the rolling advertising banners.

The seller's mining mechanism operates based on the total amount of money submitted by buyers in a week, multiplied by the website's seven-day traffic.

In on-chain English auctions, a minimum price is set and the auction is launched on a blockchain platform. The price is progressively raised, and the auction concludes at a predetermined time, with the highest bidder at that time claiming the digital asset. All bids are recorded on the blockchain, ensuring transparency and security.

, the auctioneer establishes a ceiling price, which is a starting bid amount. The assets are auctioned off based on this ceiling price, but the price drops incrementally over time. This continues until all of the assets have been allocated to bidders.

Just as tokens can be auctioned through the Bounce ecosystem through several methods, the same goes for NFTs. One of these ways is through 

. Each person who is interested in a rare NFT up for auction can submit one bid, and that bid is hidden until the event's scheduled date. When the date arrives, smart contracts are used to determine the winner or winners.

 requires the auctioneer to initially establish a reserve price. The price may be as low as zero. The reserve price is the minimum price that the item being auctioned can sell for. After a bidder has submitted a bid for the reserve price, the auctioneer can request higher bids. Often, the increment amount of each price increase is established upfront. There is no time limit for an NFT English auction. The event ends when no bidders are interested in paying a higher price than the top bid.

 also have an established minimum price for the item being auctioned. However, rather than the price increasing as bids come in, the price in NFT Dutch auctions decreases incrementally. The event ends once a bidder is willing to pay the current price.

Another option supported on the platform is an 

. NFT lottery auctions start with the sale of tickets at a fixed price determined by the pool creator. Users must purchase lottery tickets with AUCTION. Those who purchase lottery tickets are entered into the contest for a chance to win NFTs offered by the auctioneer. A smart contract randomly determines the winning lottery ticket and transfers the auctioned NFT to the winner. The pool creator then claims the amount paid by the winner for the lottery ticket. Those who did not win the lottery can recoup the cost of their lottery tickets by simply claiming their principal amount back from the pool.

Bounce Recruitment (Previously Known as Metalents)

One of the newer features of Bounce Finance is 

. This is a freelance marketplace in the crypto space that functions similarly to Etsy, Fiverr and Upwork. Currently, Bounce Recruitment is used by crypto companies to identify and hire skilled talent with relevant experience. It is also used as a platform for those companies to spend their on-chain assets. Compared to other freelancer platforms, Bounce Recruitment doesn’t have extensive KYC restrictions and has lower fees, both of which lower the barrier to entry for those looking to explore a wide talent pool of freelancers with extensive knowledge of the web3 infrastructure and ecosystem.

 in its V3 upgrade. This system allows users to sign up in a traditional manner, such as with an email address and phone number. However, decentralized access is also provided. Users can opt to register as an individual, a company or an institutional investor before building their Bounce profile. Each of these user types comes with its unique benefits and account features, all equipped with social login features and an email address. 

Post the V3 upgrade, users can now update their Bounce profile with details about their professional experience, education, investments and more. Users have the option to select from several available profile themes. Unlike LinkedIn profiles, Bounce profiles are interactive. Company profiles can also be enriched with details about its team members, fundraising activities, job openings, and other pertinent details. As a Bounce profile becomes more detailed, it opens up more opportunities for the user.

 feature. This type of investment involves a group of individuals pooling their resources together, with the group spearheaded by a syndicate lead who is responsible for sourcing and vetting investment opportunities. The lead also oversees the syndicate's investment portfolio. Syndicate members can decide whether or not to participate in specific investment opportunities.

Since Bounce was founded in 2020, the platform has focused on enhancing its auctions and Bounce Recruitment. One of the most anticipated milestones Bounce is currently working on is its 

. The auction is scheduled to launch in August 2023. 

 for web3 projects to create their own brand stores on Bounce, and to put tangible collectibles up for sale. Bounce will also be working on enhancing its AaaS protocol to streamline token launches for crypto projects. 

AUCTION is the native token for the Bounce ecosystem. This ERC-20 token is 

 for trading and auctioning transactions on the platform, and it also provides governance rights to those who hold the token. Those who hold more tokens have more voting power. In addition, users can stake their AUCTION tokens to promote their activities and increase their visibility, as well as earn rewards from the protocol fees generated. There will be more utilities of the AUCTION token as more features are added to the ecosystem in the future.

The max token supply is hard capped at 10 million tokens, and 6.5 million tokens are in circulation. The current total supply is at 7.64 million. 

As of Aug 8, 2023, the price of AUCTION is $5.10. The launch price was close to $25.50, and reached its peak of $70.44 on Apr 12, 2021. While the current price of AUCTION is well under its historic high, indicators reveal the possibility of a progressive price increase over the next decade. DigitalCoinPrice predicts AUCTION's price to be $11.98 

, increasing to $19.82 in 2025 and $24.86 in 2027. The price may continue to rise to $56.29 in 2030 and $106.29 by 2032.

Interested in trading AUCTION tokens? Look no further, as Bybit now offers AUCTIONUSDT Perpetual Contracts for trading. To get started, you need to first 

, fund it with cryptocurrency and navigate to the 

AUCTION’s value has dropped by roughly $65 from its high. While this may give some cryptocurrency investors a reason to pause, the token has considerable potential as an investment. As the native token of the Bounce ecosystem, it is used for auctioning as well as to execute trades, purchases and sales. In addition, staking rewards are paid in AUCTION. The token can easily be swapped for ETH, which enhances its utility. As the Bounce platform further develops, user activity is expected to grow. Bounce has progressively been updated since its debut only a few years ago, and many notable platform updates are planned for the future.

While the daily fluctuations of any cryptocurrency can be extreme at times, the long-term expectation is that AUCTION’s value will increase. In fact, some experts predict that the token value may increase by more than $100 by the end of 2032. Because of this, AUCTION may be more suitable as a long-term investment opportunity. Of course, with all that said, it is still imperative for you to do your own research before investing in any cryptocurrency.

Bounce Finance has revolutionized the decentralized auction space. Its innovative approach to auctions, combined with its dedication to transparency and decentralization, has made it a favorite among crypto enthusiasts. With features introduced in the Bounce V3 upgrade, the platform has further enhanced its offerings, solidifying its position as a leader in the DeFi space.

Bounce (AUCTION): A Web3 Auction Platform

Grab Up to 5,000 USDT in Rewards

Grab Up to 5,000 USDT in Rewards