May 31 Highlights: Bitcoin Breaks Out, Crypto Market Rises

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The crypto market was higher this morning with the majority of the top 10 cryptos registering gains.

Top Cryptos

Bitcoin was up around 4% at the time of writing, trading above $31,000. Ethereum climbed around 6% and XRP saw gains of around 5%. Cardano showed the most significant gains, jumping around 25% as it approached the Vasil hard fork.

Top Movers

Most of the top 100 coins were in the green at the time of writing. Waves, Axie Infinity and Aave stood out with gains of 57%, 24% and 14% respectively.

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Waves rallied after announcing its master plan to restore full functioning of its ecosystem’s DeFi protocols. This was disrupted due to an ecosystem liquidity crisis caused by Vires Finance, a Waves-based lending protocol.

According to an ongoing promotion, it is possible to win big with Axie Infinity Original.

Yesterday, Yahoo Finance reported that London-based cryptocurrency payments company Merge had raised a $9.5 million funding round led by Octopus Ventures.

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Investors included Coinbase Ventures, the founders of Aave, Alameda Research, Hashed, the founders of Polygon and the CEO of Ledger.

On the losing side, Tezos is down around 4% and Elrond and ApeCoin are both down around 3%.

Tendency

The biggest trend today is The Realm Defenders token, a free-to-play, play-to-win RPG strategy game running on Polygon. In the game, you defend your kingdom against demons.

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You can upgrade characters and trade heroes on an NFT market. You can earn rewards in the native TRD token, which has gained 261% today, and unique NFT cards. There are also treasure chests and monthly boss battles.

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