Polygon investors face uncertainty as Lido exits due to adoption struggles and increased competition, while Aave considers following suit amid governance disputes.

The purchases have stirred market activity and set the stage for possible future expansions in WLF's DeFi operations.

The positive trend is largely attributed to optimistic market sentiment, a bullish outlook, and a general “risk-on” attitude among investors.

Avara, formerly known as Aave, acquired 'Family', a non-custodial Ethereum wallet. The feature-rich wallet, now launched for iOS, offers a high-end UX/UI combined with advanced DeFi features, flexible settings, and a full-fledged messenger.

As liquidations mounted to $400 million, DeFi protocols performed reliably, safeguarding user assets against losses.

Since its launch last year, the stablecoin has grown to around $100 million. However, this amount remains significantly lower than the figures achieved by more recent entrants in the stablecoin market.

Lens Protocol, one of the leading DeSo platforms, is showing positive signs of development.

Aave has changed its name to Avara, in a brand update to align with its web3 ambitions. The firm has also acquired Los Feliz Engineering, the creator of the Family wallet.