The first half of 2020 was pretty tumultous for Waves (WAVES), as the altcoin underperformed Ether (ETH) price by 36%.
While it was once a top-20 cryptocurrency for a brief period back in Dec. 2018, the proof-of-stake project created by the Russian physicist Alexander Ivanov in 2016 seemed to have lost its traction.
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![Waves' pivot toward DeFi, staking and interoperability triggers 107% rally](https://d1-invdn-com.akamaized.net/content/piccb0be7fa6e14e0e9a58f7098f6ae5b1a.jpg)