EYWA
1. Fundamental Analysis
1.1 Introduce
EYWA is a unified cross-chain liquidity market that solves two major problems of the DeFi market: liquidity fragmentation and insecure cross-chain communications.
CrossCurve is EYWA’s cross-chain trading and yield protocol designed to address the issue of fragmented liquidity. By using Curve s deep liquidity, they help both B2B and retail users enjoy low slippage rates when trading single assets and Curve LP tokens.
1.2 Basic Info
| Name | Value | Name | Value |
|---|---|---|---|
| Symbol | EYWA | Market Cap | 6899719.684 |
| Name | EYWA | White Paper | -- |
| Web Site | https://eywa.fi | Is ICO | None |
| Wallet | -- | Raised Funds | - |
| Source | -- | Distribution | - |
| Explorer | https://arbiscan.io/ | Algorithm | -- |
| Forum | -- | Proof | -- |
| Mining | Total | 1000000000 | |
| Supply | 1000000000 | Release Date | 2024-12-20 |
| Available Supply | 42040700 |
2. Technical Analysis
2.1 Kline Chart
2.2 Analysis
The analysis of the K-line daily chart for the specified dates indicates a significant trend reversal from a bearish to a bullish phase. The price action shows a strong upward trend with notable resistance levels being tested and overcome, suggesting potential long-term upward momentum. The volume, particularly during the upward trend, exhibits a notable increase, which can be indicative of strong buying pressure.
Looking ahead, the chart suggests that the asset could continue to appreciate. The trendline analysis shows that the support levels are being tested and holding, providing confidence in the ongoing bullish trend. The chart patterns and price action indicate a potential for a continuation of the uptrend. The next significant resistance level to watch out for will be around the previous highs, which have been recently tested and broken.
Conclusion: The asset is currently in a bullish phase with potential for further upward movement.
3. News Analysis
3.1 News
20241227
- RootData: EYWAs 24-hour increase is 71.18% ↑
20241224
- Cross-chain DeFi protocol EYWA completes new round of financing, with Kenetic Capital participating ↑
3.2 Analysis
The provided message data suggests a significant increase in the activity of the cross-chain DeFi protocol EYWA. On December 27, 2024, there was a 71.18% increase in the number of EYWAs, indicating a notable surge in engagement or usage of the platform. The following day, on December 24, it was announced that EYWA had completed a new round of financing, with Kenetic Capital participating. This suggests that the protocol is attracting substantial investor interest and may be on the cusp of expansion or innovation.
The rapid growth in the number of EYWAs could be indicative of a rising trend in the DeFi sector, with users and investors showing a growing preference for decentralized finance solutions. The participation of Kenetic Capital, a known player in the venture capital space, implies that the protocol is poised for further development and adoption. It may also signal a trend of larger institutional investments in DeFi projects, which could contribute to the overall growth and stability of the sector.
Looking forward, it is reasonable to predict that EYWA and other DeFi protocols may see continued growth. Increased investment could lead to technological advancements and improved security measures, making DeFi more appealing to a wider audience. Additionally, as the sector matures, there may be increased regulatory frameworks that both facilitate and govern DeFi activities, which could further accelerate the industry s growth trajectory.
Overall, the data suggests a strong momentum behind EYWA and the broader DeFi sector, with a promising outlook for future trends.
