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    Bitlayer Becomes Leading Bitcoin Layer 2 Solution Amid Broader DeFi Slump

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    Daily Bits
    Aug 2, 2024
    3 min read
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    Daily Top Performer — Aave (AAVE)

    The SPX index was down by 1.37% due to concerns about US manufacturing and labor market health despite the Federal Reserve's indication of potential lower borrowing costs. The broader cryptocurrency market was also down, with Bitcoin and Ether dropping by 2.85% and 1.71%, respectively, in the past 24 hours.

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