Altcoins React to Japan Market Crash; Chainlink and Near Protocol Nose Dive While DTX Exchange Rallies

August 07, 2024

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Market crashes in major economies can impact the global digital asset landscape. The recent downturn in Japan’s market has significantly affected various altcoins, including Chainlink (LINK) and Near Protocol (NEAR). However, despite the challenging market conditions, the hybrid exchange DTX Exchange (DTX) is one of the few coins rallying.

Chainlink (LINK) Partners To Enhance The Technology

Chainlink (LINK) recently secured new partnerships to enhance its technology for Ethereum (ETH) and Arbitron (ARB). These partnerships will allow blockchain ecosystems to use Chainlink (LINK) price Feeds and Cross-Chain Interoperability Protocol (CCIP).

On its official X account, Chainlink (LINK) announced its alliance with WiseLending, a decentralized yield protocol for blue-chip crypto assets. WiseLending has already integrated Chainlink’(LINK) Price Feeds into its platform to secure borrowing and lending on Arbitrum and Ethereum.

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This integration allows users to harness real-world data through their smart contracts, enabling developers to create innovative applications. Additionally, WiseLending is incorporating Chainlink (LINK) CCIP for cross-chain lending, allowing users to borrow on Ethereum and Arbitrum through WiseLending.

Developments Around Near Protocol (NEAR)

On August 5th, 2024, NearProtocol (NEAR) announced a partnership with a major tech company to integrate its blockchain technology into its products. The next day, Near Protocol (NEAR) launched a new decentralized app (DApp) that helps users easily create and manage their digital assets on the NearProtocol (NEAR) blockchain.

NearProtocol (NEAR) also released version 2.0.0 for its mainnet, which includes upgrades to the protocol and database. In July 2024, NearProtocol (NEAR) continued to lead in real transactions per second (TPS), averaging over 1,715 TPS.

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DTX Exchange Leads Chainlink (LINK) and Near Protocol (NEAR) With Strong Rally

Amid the market correction, DTX Exchange is making a mark with its advanced blockchain and hybrid platform. It offers 1000X leverage, distributed liquidity pools, and non-custodial wallets, setting itself apart by breaking away from outdated limitations.

The platform also emphasizes strong reference materials and analytical tools. Traders have access to detailed charts, graphs, and comprehensive reports, ensuring they have the information needed to make well-informed decisions.

DTX Exchange provides access to over 120,000 trading instruments, including both traditional financial assets and innovative synthetic ones. This wide selection helps both experienced investors and new traders find opportunities that fit their strategies and risk levels.

With lightning-fast execution speeds averaging just 0.04 seconds, DTX Exchange lets users seize market opportunities with precision and efficiency, keeping them ahead in the fast-moving crypto market.

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