Neutrino, Vires Finance and Waves Achieve 100%+ Profit as Shift to Interoperability

Ongoing developments on the global stage continue to wreak havoc in traditional markets and in the cryptocurrency sector.

Despite these headwinds, projects in the Waves ecosystem have managed to climb higher in both price and total value locked (TVL) as a renewed focus on interoperability with popular blockchain networks brought new momentum.

Total value locked on the top 3 Waves protocols. Source: Defi Llama

Here’s a closer look at the best-performing assets in the Waves ecosystem that have managed to make positive gains despite negative macroeconomic factors that are weighing down cryptocurrencies.


Neutrino is an algorithmic price stable “assetization protocol” that creates stablecoins tied to real-world assets and cryptocurrencies.

Neutrino USD (USDN) is the main stablecoin of the Waves ecosystem and will be co-located with the Neutrino Token (NSBT), a recapitalization and governance token that can also be used to create stablecoins.

Data from Coin-Crypto Markets Pro and CoinGecko shows that since the low of $7.07 on January 22, the price of NSBT has risen 300% to reach a daily high of $30.33 on March 9.

NSBT/USD 3 hour chart. Source: CoinGecko

While the NSBT price was on the rise, the TVL on the protocol also rose from $379.77 million on Feb. 22 to its current value of $1.15 billion. according to to data from Defi Llama.

Vires Finance

Vires Finance (VIRES) is a decentralized, non-custodial liquidity protocol on the Waves blockchain that uses common pool-based mechanics to create evenly distributed interest.

According to according to data from CoinGecko, activity for VIRES began to rally on Jan 18 as the price hit a low of $19.30 and then surged 460% to hit a record high of $108.44 on Jan 24 and has since entered a consolidation period with the price currently trading near the $85 mark.

VIRES/USD 1-day chart. Source: CoinGecko

According to data from Defi Llama, the total value on the VIRES protocol has risen from a low of $115.84 million on Feb. 1 to a record high of $764.23 million on March 8.

Related: 3 Reasons Why Waves Price Is Up 100%+ in the Last Week


WAVES token has been the main growth engine for the Waves ecosystem for the past six weeks, largely due to the ongoing migration to Waves 2.0. The new blockchain supports advanced interoperability features that connect Waves to the major blockchain networks in the cryptocurrency sector.

Data from Coin-Crypto Markets Pro and Trading Display shows the price of WAVES is up 192% from a low of $8.37 on Feb. 24 to a daily high of $27.61 on March 9, when 24-hour trading volume hit a record $2.13 billion.

WAVES/USDT 1-day chart. Source: TradingView

With the recent wave of economic sanctions plaguing the Russian economy and the removal of easy payment trails, it is possible that some people have turned to WAVES as an option for financial transactions and wealth preservation.

VORTECS™ data from Coin-Crypto Markets Pro started detecting a bullish outlook for WAVES on March 5, ahead of the recent price surge.

The VORTECS™ score, exclusive to Coin-Crypto, is an algorithmic comparison of historical and current market conditions, derived from a combination of data points, including market sentiment, trading volume, recent price movements and Twitter activity.

VORTECS™ Score (green) vs. WAVES price. Source: Coin-Crypto Markets Pro

As can be seen in the chart above, the VORTECS™ score for WAVES climbed into the green zone on March 5, reaching a high of 77 about four hours before the price started rising by 46% over the next three days.

The views and opinions expressed herein are solely those of the author and do not necessarily reflect the views of Every investment and trading move involves risks, you should do your own research when making a decision.

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