Deep Dive
1. AI Ecosystem Expansion (Bullish Impact)
Overview: Waves launched AI Launchpad (automated dApp creation) and AI Liquidity Manager in July 2025, followed by $10M funding for Units Network (EVM-compatible L2). These tools aim to simplify DeFi development – key for competing against chains like Solana.
What this means: Successful adoption could increase network activity and developer mindshare. The 30% price surge post-launch (CoinJournal) shows market responsiveness to technical upgrades. Sustained traction requires measurable TVL growth beyond current $18.65M (Puzzle Network).
2. Liquidity Erosion via Delistings (Bearish Impact)
Overview: KuCoin will remove WAVES from Earn products on September 18, 2025 – following Binance’s 2024 delisting. EXMO also cut WAVES in July 2025, citing low liquidity.
What this means: Reduced exchange access may compress trading volumes (current 24h turnover: 24.4%). Historical precedent shows the June 2024 Binance delisting triggered a 42% crash (CCN). Monitor whether Huobi/Binance spot markets maintain sufficient depth post-KuCoin exit.
3. Security & Trust Dynamics (Mixed Impact)
Overview: June 2025’s North Korean Keeper Wallet breach (CryptoSlate) remains unresolved. Contrasted by Finality upgrade enhancing L1 security in August.
What this means: While protocol-level security improved, wallet vulnerabilities could deter new users. The 14% price drop post-breach shows sensitivity to custody risks. Trust recovery hinges on transparent audits and migration to updated wallets.
Conclusion
WAVES’ price trajectory hinges on whether AI adoption outpaces delisting-driven liquidity drain. The $1.30 level (2024 support turned resistance) remains critical – a sustained break above could signal renewed momentum. How quickly will developers migrate to Units Network’s AI tools versus retreating from exchange-related risks?