Coinbase, a major name in the cryptocurrency exchange market, is set to add support for **$DOGS perpetual futures** on its advanced trading platform. 

This announcement was made via Twitter by [@DegenerateNews](https://x.com/DegenerateNews), notifying that users can expect to see this new feature soon. [1](https://x.com/DegenerateNews/status/1834263769897488439)

The introduction of **$DOGS perpetual futures** aligns with Coinbase's strategy to diversify its offerings to include more **memecoins**. 

The $DOGS token is associated with the **@ton_blockchain** and further strengthens the platform's offerings in the **memecoin** sector. 

Coinbase has been gradually expanding its range of futures products, aiming to cater to the growing demand among crypto enthusiasts. 

By adding MEMECOIN **$DOGS**, the platform seeks to attract traders interested in innovative financial instruments. 

Perpetual futures are popular amongst traders for their unique ability to allow bets on the future price of assets without expiration. 

Such developments could potentially increase the trading volumes on Coinbase's advanced platform, offering new profits and trade strategies for users.

Coinbase adds DOGS futures on advanced platform

Coinbase Introduces DOGS Perpetual Futures

NEW: @coinbase TO ADD SUPPORT FOR @ton_blockchain MEMECOIN $DOGS (@realDogsHouse) PERPETUAL FUTURES ON @coinbase ADVANCED https://t.co/m7kp7z5zG5

DEGEN NEWS

Moonwell has made significant strides in the decentralized finance (DeFi) world by climbing to the position of the second-most active DeFi lending protocol globally. 
Over the past week, it has seen a remarkable increase in its activity, going up by 22%. According to a tweet from [@LukeYoungblood](https://x.com/LukeYoungblood), Moonwell is poised for a promising future as it gains momentum and attention within the DeFi sector. [1](https://x.com/tokenterminal/status/1874630787058004044) 

The announcement, which has garnered engagement and excitement from the community, indicates a growing interest and trust in Moonwell. The upward trend positions Moonwell as a leading player and sheds light on the competitive nature of the DeFi space, where innovation and user interest drive success. 
This newfound rank demonstrates Moonwell's capability to attract users and investors, further validating its platform and services.

The growth not only highlights the platform's technical advancements but also its strategic positioning in the rapidly evolving DeFi market. 
The encouraging news for Moonwell is reflected in the market's positive reception and the flow of interactions on social media. 
These developments might signal a bright and transformative year ahead for Moonwell and its community. 

As Moonwell continues to expand and enhance its offerings, it maintains robust competition in the DeFi sector, fostering advancements, adoption, and expansion of decentralized financial solutions. [2](https://x.com/SpaceX/status/1204315977720221696)
As the world of DeFi evolves, protocols like Moonwell lead the charge toward financial decentralization and innovation.

This rising prominence serves as a testament to the ongoing advancements in blockchain technology and the increasing influence of DeFi in reshaping the financial landscape.

Moonwell becomes the second most active DeFi lending platform.

Moonwell Rises in DeFi Lending Rankings

The decentralized finance (DeFi) platform **Aave** has achieved a remarkable milestone.
In 2024, its net deposits soared to an all-time high of **$33.4 billion**.
This figure surpasses the previous record set during the 2021 bull market. [1](https://x.com/WuBlockchain/status/1874628663737823514)

**Aave's success** can be attributed to the launch of **Aave v4** in 2024.
The new version introduced additional markets, diversifying its offerings significantly.
Among the new markets are **Sonic**, **Mantle**, **Linea**, **BOB**, **Spider Chain**, and **Aptos**.
These expansions have been instrumental in attracting more users and increasing deposits. [1](https://x.com/WuBlockchain/status/1874628663737823514)

These developments underline the **rising appeal** of DeFi lending protocols, as Aave continues to lead the industry.
The integration of diverse markets emphasizes Aave's commitment to innovation and scalability.
Investors and users are drawn to the lucrative possibilities within these expanding ecosystems.

Aave's net deposits hit a record $33.4 billion.

Aave's Record Net Deposits in 2024

The relatively new platform, **Euler**, is witnessing a surge in active user numbers, edging closer to prominent DeFi platforms like **Compound** and **Morpho**. According to [@tokenterminal](https://x.com/tokenterminal), weekly active user numbers on Euler have reached a significant milestone. [1](https://x.com/tokenterminal/status/1874607064074576027) 

Michael Bentley, also known as [@euler_mab](https://x.com/euler_mab), shared that Euler's weekly active users are already on par with Compound. This milestone highlights its rapid growth in the DeFi space, with user numbers reaching almost 20% of Morpho's and nearly 5% of Aave's user base. [1](https://x.com/tokenterminal/status/1874607064074576027)

Despite being just a few months old and having a considerably lower Total Value Locked (TVL) compared to these established platforms, Euler's swift rise in user engagement is noteworthy. Bentley expressed satisfaction with these metrics, indicating strong momentum in Euler's growth journey. [1](https://x.com/tokenterminal/status/1874607064074576027)

Euler's user numbers rival Compound and Morpho.

Coinbase Introduces DOGS Perpetual Futures

Frequently Asked Questions

What are perpetual futures?

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How does trading memecoins differ from traditional cryptocurrencies?

Why is Coinbase expanding its futures offerings?

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