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There was indeed a month during which any crypto asset rose to the level that an Alpha newcomer reached.
Alpha Finance Lab, founded only in the year we live in, has reached overwhelming levels, in a very short period of time. Alpha’s price on November 3 was just $ 0.02, which jumped to $ 0.29 in just three weeks and, according to Coingecko, its current price is 0.27. Meanwhile it has seen growth of 1,350%.
The Spartan Group and Multicoin Capital, thesis-based crypto funds are backing the Alpha decentralized lending protocol. Regarding its organizational structure, Alpha Finance Lab is a team of professional programmers and operators. Which apparently aim to provide interconnected or harmonious products, and the same is the case with many other DeFi protocols. Which is leading to the rise of DeFi super apps.
It is not long before we can see Alpha hosting the suite of products. Through which some commissions will be generated. This will end up benefiting users or investors and will also have a positive impact on the whole network.
Initially, Alpha entered the market with a relatively simple product, Alpha Homora. Through which users can be enabled to leverage their DeFi returns.
The one thing Alpha Finance Lab is doing, using DeFi’s composability in their favor (using Uniswap, SushiSwap, and Now Aave) is that it provides users with the space to execute quickly and the ease of implementing value, later.
Furthermore, the way Alpha is developed, it can work across multiple chains, such as Binance smart chains, and also supports many decentralized financial resources, including a new partner, the open-source DeFi protocol, Aave. Additionally, digital coins can also be stacked and interest shares can be earned via the network commission.
In conclusion, it would not be a wrong thing to say that despite the extreme volatility of the DeFi market, the newcomer is performing quite exceptionally.
