OCEAN Outperforms Due to AI Hype; Uniswap Fee Switch Proposal Rejected

Daily Hot Token  — Ocean Protocol (OCEAN)

The passage of a debt ceiling bill averts a U.S. default over the weekend. Stock markets finished May with impressive returns, with NDX gaining 10% in the traditionally underperforming May. The broader cryptocurrency market remains calm over the weekend, with Bitcoin hovering around $27k. The top gainer for today is OCEAN, which gained more than 10% in the past week, likely due to sustained AI hype.

OCEAN is the native token of Ocean Protocol, an open-source protocol that allows individuals and businesses to exchange and monetize data. It also provides data-based services with a way to transact easily with both customers and vendors. The protocol provides a secure and transparent way to create, store and manage data-based services.