Tectonic, a cryptocurrency lending and borrowing DeFi platform, was launched in 2021. Operating as a market protocol, users can borrow and lend digital assets while earning high yields. The platform's protocol is built on the [Cronos blockchain](https://cronos.org/), a project developed by Crypto.com, one of the leading exchanges.  

Over the past two years, the project and its native token have garnered significant attention in the market. If you are contemplating whether Tectonic crypto suits your needs, this article is tailored for you. 

## What is Tectonic crypto (TONIC)? 

TONIC serves as the native token of the [Tectonic](https://tectonic.finance/) DeFi platform and is pivotal in facilitating instant loans. As a CRC20 token, it governs various protocol aspects, encompassing network security and maintenance. Moreover, the lending platform utilises TONIC tokens to incentivize users, with a portion allocated to the project team. 

Acquiring TONIC tokens is possible through several avenues, which include: 

- By participating as a lender or borrower on Tectonic, you have the opportunity to earn TONIC tokens as liquidity incentives. 

- Users can generate revenue via the protocol by staking TONIC tokens to obtain xTonic. 

- Tectonic offers a Vault feature where you can lock your tokens and earn rewards in return. 

- TONIC tokens can be purchased from various exchanges, [such as Hotbit](/news/article/hotbit-exchange-get-started), Crypto.com, or VVS Finance, where they are listed for trading. 

## Tectonic crypto tokenomics 

The Tectonic money market has introduced a total of 500 trillion TONIC tokens. According to [CoinMarketCap](https://coinmarketcap.com/currencies/tectonic/), there are currently 224,918,813,284,285 TONIC tokens circulating in the market, with a [market capitalization](/news/article/what-is-market-cap-cryptocurrency) of $34 million. It's important to note that the project reported this data and it has not been independently verified. 

The 500 trillion tokens are distributed among various categories by the project developers. The largest portion, accounting for 50.9%, is allocated as incentives for community members participating in staking and liquidity mining. The second largest segment, comprising 23%, is reserved for the project's team. 

Furthermore, 13% of the tokens are designated for ecosystem reserves, which will be used for developmental initiatives within the ecosystem. Another 13% is allocated for network security and maintenance. Finally, 0.1% is set aside for TONIC token airdrops. 

## Is Tectonic crypto legit? 

Tectonic crypto demonstrates legitimacy through its development as a fork of the reputable Compound protocol, renowned for its strong security measures. 

The project has undergone audits by leading blockchain security auditors, including [Slowmist](https://www.slowmist.com/) and [BlockSec](https://blocksec.com/), ensuring the integrity of its smart contract and operating model. The most recent audit report was published in April 2023. 

In addition to prioritising smart contract security, the project developers are also working towards introducing an insurance fund. To facilitate this, 10% of the interest paid by borrowers will be allocated to the fund. The purpose of this fund is to provide coverage for defaulted loans when the collateral is insufficient. These measures indicate that Tectonic crypto is operating legitimately. 

However, there are a few aspects that raise concerns among investors. Firstly, there is the issue of unverifiable data, including figures such as market capitalization and circulating supply. Secondly, Tectonic is an unregulated asset only available on limited exchanges. As a result, investments in Tectonic carry a high level of risk. 

## Tectonic crypto price prediction 

According to price forecasts provided by CoinCodex, the sentiment for the TONIC crypto is currently bearish, with a neutral fear and greed index. The prediction suggests that the price of TONIC may drop to $0.00000008539 in the next month, representing a decline of over 44%. CoinCodex analytics indicate that more than 24 technical analysis indicators show bearish signals, while only 6 indicate bullishness. 

Looking at long-term price predictions, [DigitalCoinPrice](https://digitalcoinprice.com/forecast/tectonic) forecasts that the coin will average around $0.000000327 throughout 2023. The highest projected price for the crypto is anticipated to be $0.000000332, with a potential lowest value of $0.000000136. 

Predictions for 2025 suggest that the coin's price may increase to $0.000000520, with a maximum potential of $0.000000556. The projected minimum value for TONIC in 2025 is $0.000000450. 

If we consider the growth of TONIC until 2030, the forecast from DigitalCoinPrice suggests it may reach up to $0.00000158. The average price is expected to be $0.00000154, with a potential minimum value of $0.00000148. 

## Is there a future for Tectonic crypto? 

Tectonic is a relatively new DeFi project still in its early stages. Unfortunately, current price predictions and market trends paint a discouraging picture. The price of TONIC is currently below its 200-day and 50-day simple moving averages, indicating a bearish trend. Forecasts suggest a significant 44% price decline in the next month. Looking ahead to 2030, it is doubtful that the coin will reach a value of 1 cent.  

Several factors contribute to the coin's low price and lack of demand. The absence of a clearly defined utility for the token limits investor interest. Additionally, the need for verified data and numerous underdeveloped features raise suspicions about the project.  

Given the decline in trust within the cryptocurrency lending industry following the Celsius network's downfall, investing in TONIC remains risky unless the project developers address these issues. 

Tectonic logo on green image of tectonic plate

Tectonic crypto: Is it a good investment? 

Is there a place for Multi Chain in the blockchain ecosystem? 

Decentralized finance is one of the most commonly used phrases in the past few years. The concept, built on the blockchain, presents an innovative solution that solves the problems inherent in the traditional financial landscape. 

As the name implies, DeFi is based on secure distributed ledgers, ensuring that there’s no controlling body, and users leverage the trustlessness of the ecosystem to execute transactions between themselves. 

While decentralization has been the major characteristic of these revolutionary financial infrastructures, we’ve circled back to needing connections and communications between the independent facilities built so far - [interoperability](https://www.techtarget.com/searchapparchitecture/definition/interoperability). Hence, the birthing of Multichain.org - a cutting-edge cross-chain router protocol. Let's take a look at how Multi Chain works. 

![Leeway Hertz image of multichain](https://s3.eu-west-2.amazonaws.com/prod-monitalks-media/Screenshot_2023_07_10_at_13_33_03_16ab68fe31.png)

### What is DeFi interoperability? 

The DeFi ecosystem has been on a bull run in the past few years, with several projects hitting production. These services have focused on providing financial services to the masses, consequently eliminating the need for intermediaries and controlling bodies. 

However, an unprecedented by-product of the decentralized finance spree proved to be [fragmentation.](https://cryptoslate.com/crypto-cannot-become-money-because-of-fragmentation-bis/) As much as individual DeFi infrastructures offer varying benefits and use cases, the interaction between different platforms proves to be crucial. The interoperability with different protocols and assets guarantees a seamless experience for the user’s individual projects aim to serve. 

This is where Multi Chain comes in, addressing interoperability with its cross-chain router protocol. Working to be the ultimate router for Web 3, the routing platform currently supports about 93 chains, with more support in the pipeline. 

By bridging the gap between distinct blockchain infrastructures, users can unearth potential innate in the industry while discovering new use cases that can make life easier. For instance, interoperable DeFi is bound to facilitate improved cross-chain connections and easier asset movement. 

The[ advantages](https://cointelegraph.com/explained/why-cross-chain-interoperability-matters-for-defi) of this are numerous, and we’d dive deeper into what role Multi Chain can play in this. 

## Multi Chain: A cross-chain router protocol 

With Multichain.org, the movement of assets and data from one blockchain to another is seamless. The cross-chain router protocol, founded by Gideon Greenspan [in 2014](https://www.crunchbase.com/organization/multichain), has proven visionary and is available just in the nick of time to ensure that the DeFi ecosystem isn't overwhelming. 

Over the years, the platform has grown to become a robust infrastructure with innovative design acting as the needed conduit between DApps, smart contracts, and liquidity pools. As a comprehensive connection on a mission to hold the blockchain industry together, multichain.org bolsters efficiency, accessibility, and liquidity. 

## Advancing DeFi interoperability with Multi Chain 

Here are some ways through which Multi Chain powers DeFi interoperability. 

Ability to swap assets seamlessly across chains: With Multichain.org, it's relatively easy for users to swap their assets across chains, eliminating the need for complex bridge solutions. 

Access to liquidity across chains: By enabling access to liquidity from different pools and exchanges, there’s bound to be an increase in trading and lending opportunities. 

Enabling cross-chain collateralization: This is for users looking to leverage assets held on one chain as collateral on another chain. 

Cross-chain smart contract interaction: Developers can now create smart contracts that leverage several chains, thereby incorporating several functionalities in one [smart contract](/news/article/smart-contracts-blockchain). 

## How Multi Chain handles security and trust 

Multichain.org was designed with security and trust in mind. By leveraging a comprehensive consensus mechanism and advanced validation and verification processes, the platform can ensure high-integrity transactions. 

Furthermore, the platform's infrastructure continues to enhance the innate blockchain concept of trustlessness. This means it doesn't compromise on the idea that intermediaries aren't needed in the blockchain ecosystem. 

[Open governance principles](https://101blockchains.com/blockchain-governance/) guide the Multi Chain platform as community members chip into decisions. The community also gets to participate in protocol audits and continuous development. 

## Real-world use cases of Multichain.org 

Here are some of the impressive use cases of Multi Chain: 

- org in DeFi protocols: The platform facilitates liquidity and transactions between several decentralized exchanges, making them more efficient. 

- Empowering cross-chain stablecoin transfers: Owners of [stablecoins](https://www.investopedia.com/terms/s/stablecoin.asp) can seamlessly move them from one platform to another. 

- Cross-chain NFT marketplaces and gaming: In the face of owning different non-fungible token assets across multiple platforms, users can now move assets across chains at will. 

- Connections between private and public blockchains: Private blockchains are distinct from public ones, but Multchain.org now bridges the gap. 

## Conclusion 

There's great promise for what the Multichain.org platform can achieve for DeFi. With the continuous improvement of technology, more potential will be unravelled, making it easier for everyone to access decentralized finance. 

Multi Chain: Enhancing Interoperability in DeFi 

The world of non-fungible tokens ([NFTs](/news/article/non-fungible-tokens)) is continuously evolving, with new and exciting projects emerging on the horizon. This article will explore the top 10 upcoming NFT projects poised to captivate audiences with innovative concepts and stunning artwork. 

From whimsical storytelling to the fusion of finance and art, these projects offer something for every NFT enthusiast. Dive into the world of digital collectables and discover the gems that await you. 

## 1. Futuristic Kids: Unlock the power of Imagination 

Step into a world where imagination knows no bounds with[ Futuristic Kids](https://upcomingnft.net/event/futuristic-kids/). This upcoming NFT project combines captivating storytelling with visually stunning artwork. With its limited supply and affordable pricing, Futuristic Kids presents an opportunity for collectors and enthusiasts to own a piece of this enchanting universe. 

## 2. DeFi Tribe: Redefining NFTs and decentralized finance 

[DeFi Tribe ](https://upcomingnft.net/event/defi-tribe/)is at the forefront of merging the worlds of decentralized finance and digital art. This groundbreaking project aims to redefine how we perceive and engage with NFTs. With a strong community and active social media presence, DeFi Tribe will significantly impact the NFT landscape. Explore the intersection of finance and art and witness the future unfold. 

## 3. Midnight Talks: Embrace the mystery 

Step into the unknown with [Midnight Talks](https://upcomingnft.net/event/midnight-talks-by-web3-berlin/), an NFT project shrouded in mystery. With its limited supply and dual-phase sale, this project offers a rare opportunity to acquire digital assets that hold a touch of the mystical. Immerse yourself in the hidden depths and discover the secrets within Midnight Talks. 

## 4. Portal Fantasy: Journey to alternate realities 

Unlock the doors to fantastical dimensions with [Portal Fantasy](https://upcomingnft.net/event/portal-fantasy/). This upcoming NFT project offers a limited supply of visually stunning artworks transporting viewers to mesmerizing alternate realities. As the release date approaches, collectors can own a piece of this captivating universe and embark on their imaginative journey. 

## 5. HatoGenesis: Nature and genetics unite 

[HatoGenesis](https://upcomingnft.net/event/hatogenesis/) is a revolutionary NFT project that merges nature with the power of genetics. Featuring a limited supply of genetically inspired creatures, this project pushes the boundaries of digital art. Immerse yourself in a world where nature's wonders and technology coexist perfectly. 

## 6. Partyicons-OGX: Celebrating cultural icons 

[Partyicons-OGX](https://upcomingnft.net/event/partyicons-ogx/) pays tribute to legendary icons from music, film, and sports. This NFT project brings beloved figures to life, providing a unique opportunity to celebrate the icons that have shaped our culture. Join the party and own a piece of history with Partyicons-OGX. 

## 7. Just Travelers: An extraordinary journey awaits 

Join the [Just Travelers](https://upcomingnft.net/event/just-travelers-tribe/) on their extraordinary journey through time and space. This immersive NFT project combines breathtaking landscapes with mind-bending narratives. With its unique storytelling approach, Just Travelers promises an experience that transcends the digital realm and takes you on an unforgettable adventure. 

## 8. The Guardians: Embracing the light 

The [Guardians](https://upcomingnft.net/event/the-guardians/) invite you to embrace the guardianship of light and protect the realms from the darkness. This visually striking NFT project showcases a limited supply of majestic characters battling the forces of evil. With its strong community and engaging narrative, The Guardians offers an immersive and empowering experience. 

## 9. Sweetshop Presents: Aable delight for collectors 

Indulge your senses with [Sweetshop Presents](https://upcomingnft.net/event/sweetshop-presents-the-kandi-club/), an NFT project that combines art, gaming, and confectionery. Sweetshop Presents offers a unique collectable experience with delectable visuals and interactive elements. Satisfy your cravings and immerse yourself in this mouth-watering world. 

## 10. EZZYBREZZY: Artistic expression unleashed 

[EZZYBREZZY ](https://upcomingnft.net/event/ezzybrezzy/)is an upcoming NFT project that unleashes artistic expression in its purest form. With its captivating artwork and limited supply, EZZYBREZZY aims to create a community of art enthusiasts and collectors. Explore the depths of creativity and own a piece of this expressive and vibrant universe. 

## Conclusion 

The world of upcoming NFT projects is a treasure trove of artistic innovation and investment opportunities. The top 10 projects mentioned above represent a fraction of the exciting developments in the NFT space. 

As the market evolves, staying informed about these upcoming gems will ensure you take advantage of the latest trends and potential future successes. Embrace the world of upcoming NFTs and unlock a realm of endless possibilities. 



Top 10 upcoming NFT projects to keep an eye on 

In the rapidly evolving decentralized finance (DeFi) landscape, Automated Market Makers (AMM) have emerged as a game-changing innovation. 

These smart contract protocols enable seamless and permissionless trading of digital assets, revolutionizing the way financial transactions occur. This comprehensive guide will unravel the power of AMMs, exploring their role in DeFi, the concept of liquidity pools, the constant product formula, and the variations within the AMM ecosystem. 

Here, we explore the inner workings of AMM DeFi and its impact on decentralized trading. 

## Understanding AMMs and DeFi 

AMMs are decentralized exchange protocols that replace traditional order books with liquidity pools. Unlike traditional markets, where buyers and sellers interact directly, AMMs utilize liquidity pools to facilitate trading. 

These pools are filled with digital assets supplied by liquidity providers, allowing users to trade against the pool rather than relying on counterparties. This decentralized approach ensures continuous liquidity and eliminates the need for intermediaries. 

![AMM in DeFi: A revolution in decentralized finance design ](https://s3.eu-west-2.amazonaws.com/prod-monitalks-media/Screenshot_2023_06_06_at_10_54_09_87be7bfda1.png)

DeFi, short for decentralized finance, refers to the ecosystem of financial applications built on [blockchain networks](/news/article/top-blockchain-projects-2023). It aims to provide open, transparent, and accessible financial services to just about anyone with an internet connection. AMMs have become a cornerstone of DeFi, enabling users to participate in decentralized trading, lending, and yield farming without relying on centralized intermediaries. 

## Liquidity Pools: Fueling AMM DeFi 

Liquidity is crucial in any market, allowing assets to be bought or sold without significant price impact. AMMs solve the liquidity challenge in DeFi through the use of liquidity pools. These pools consist of digital assets provided by liquidity providers, who earn fees for supplying liquidity. 

![chart showing how AMMs work](https://s3.eu-west-2.amazonaws.com/prod-monitalks-media/Screenshot_2023_06_06_at_10_54_19_3224f5e2d1.png)

By contributing assets to a liquidity pool, liquidity providers ensure enough tokens are available for trading. As users interact with the pool, buying or selling assets, the pool's algorithm adjusts prices based on a constant product formula. 

This ensures that the value of each token in the pool remains balanced, enabling efficient and continuous trading. 

## The constant product formula: Key to AMM pricing 

The constant product formula lies at the heart of AMMs and determines how prices are set within liquidity pools. 

One of the most popular formulas, introduced by Uniswap, is known as x * y = k. In this formula, x represents the quantity of one token, y represents the quantity of another token, and k is a constant value. The product of x and y remains constant as trades occur within the pool, maintaining a balanced ratio between the two tokens. 

This constant formula allows AMMs to adapt to market dynamics. When demand for a particular token increases, its price within the pool rises, incentivizing liquidity providers to add more of that token. Conversely, when a token has excess supply, its price decreases, attracting traders to purchase from the pool and restore balance. 

## Variations in AMMs: Uniswap, Curve, and Balancer 

While [Uniswap ](/news/article/uniswap-ledger-connect-guide)popularized the AMM model, several variations have emerged to cater to different use cases and optimize liquidity provision. Here are three major AMM platforms: 

Uniswap: Uniswap introduced the concept of AMMs and remains one of the most widely used protocols. It allows users to create liquidity pools with any pair of ERC-20 tokens in a 50/50 ratio, providing simplicity and flexibility. 

[Curve](https://curve.fi/): Curve specializes in creating liquidity pools of similar assets, particularly stablecoins. Curve offers reduced price volatility and optimized liquidity for stablecoin swaps by focusing on low-slippage trading for stable investments. 

[Balancer](https://balancer.fi/): Balancer takes AMMs to the next level by introducing dynamic liquidity pools. It allows liquidity providers to create pools with multiple tokens in varying proportions. This flexibility enables users to gain exposure to diverse asset baskets and creates opportunities for more complex trading strategies. 

## Benefits and challenges of AMM DeFi 

AMMs in DeFi offer several advantages that contribute to their widespread adoption: 

- Enhanced liquidity and trading efficiency: By utilizing liquidity pools, AMMs ensure constant availability of assets for trading, minimizing slippage and enabling efficient price discovery. 

- Accessibility and permissionless trading: AMMs operate on public blockchains, allowing anyone with a compatible wallet to access and participate in decentralized trading without intermediaries or KYC procedures. 

- Yield farming and token rewards: Many AMM protocols incentivize liquidity providers with additional token rewards and fees, creating opportunities for users to earn passive income through yield farming. 

### However, AMM DeFi also presents challenges and risks to consider: 

- Impermanent loss: Liquidity providers in AMMs are exposed to impermanent loss, which occurs when the relative value of the tokens in the pool changes during price fluctuations. 

- Slippage and price impact: While AMMs provide liquidity, larger trades may experience slippage and price impact due to the limited depth of liquidity in the pools. 

- Security and smart contract risks: As with any DeFi protocol, smart contract vulnerabilities and hacking attempts are risky. Users must exercise caution and conduct due diligence before participating in AMM DeFi. 

## AMM DeFi: Driving the future of finance 

AMMs have already proven their transformative potential within the DeFi ecosystem. As the technology evolves, new use cases and integrations are being explored. 

![graph showing average DCE](https://s3.eu-west-2.amazonaws.com/prod-monitalks-media/Screenshot_2023_06_06_at_10_54_29_0ab6f5ab73.png)

Expanding use cases for AMMs: AMMs are not limited to trading alone. They can be used for asset management, token swaps, decentralized borrowing and lending, and more. The versatility of AMMs opens up a wide range of possibilities for decentralized financial applications. 

Integration with other DeFi protocols: AMMs are being integrated with other DeFi protocols, such as lending platforms and decentralized exchanges. This interoperability strengthens the overall DeFi ecosystem and enhances user experiences. 

Potential implications for traditional finance: AMM DeFi's success has caught traditional financial institutions' attention. As AMMs continue to mature and gain mainstream adoption, they have the potential to disrupt traditional finance and bridge the gap between centralized and decentralized systems. 

## Conclusion 

AMMs have become the backbone of decentralized finance, fueling liquidity and enabling seamless trading in the crypto ecosystem. 

Through the concept of liquidity pools, the constant product formula, and variations like Uniswap, Curve, and Balancer, AMMs have revolutionized decentralized trading. 

While offering numerous benefits, AMM DeFi also presents challenges and risks to be mindful of. As the DeFi ecosystem continues to evolve, AMMs are poised to drive the future of finance, bridging the gap between traditional and decentralized systems. 

Unleashing AMM DeFi potential: The revolution in decentralized finance 

[Quant crypto](https://quant.network/) has become a vital part of the decentralized finance ([DeFi](/news/article/defi-llama-decentralised-analytics-dashboard)) economy due to its unique feature of interoperability that enables several blockchain technologies to communicate with one another. 

Communication was seen as a major barrier to advancing blockchain tech. However, thanks to the development team behind this project, a foundation for the blockchain economy has been built, and it continues to unlock several benefits for the stakeholders involved. 

In this article, we will take an extensive look into what the Quant network entails, the purpose of the novel Quant crypto token QNT, the number of [cryptocurrency](/news/article/is-crypto-dead) exchanges that support the crypto asset as a tradable coin, and then end with a fundamental analysis of pros and cons of investing in QNT in 2023 and beyond.  

## What is Quant crypto? 

Quant crypto comprises a network and cryptocurrency. Founded in 2015 by Gilbert Verdian to enhance the efficiency of information communication globally, the network became a mainstream player in the blockchain-powered economy in 2018. 

As an open-source protocol with a primary interest in communication, Quant offers a network for developers and businesses to connect to and communicate simultaneously with the diverse distributed ledger technologies (DLTs). 

DLTs employ ledgers stored on connected, separate devices on a network to guarantee the privacy and security of data; a perfect example of this is blockchain. 

After seeing many distributed applications as non-interoperable and single-ledger-dependent in his time serving in the Australian and UK governments, Verdian and his team launched the '[Overledger DLT Gateway'](https://quant.network/news/quant-launches-overledger-network/), also known as Enterprise 5, on 13 September 2021. 

The Overledger Network supports several blockchains, including Binance (BNB) Chain, Ethereum, Bitcoin, R3 Corda, and Hyperledger Fabric. 

At its launch, Overledger made it easy for multi-DLT applications (mDApps) developers to use Quant's distributed network of Remote Connector Gateways (RCG) globally to facilitate transactions on Ripple, Bitcoin, and Ethereum.  

## Quant crypto can be tapped by several stakeholders 

While blockchain developers are the first group that comes to mind, financial institutions, enterprises, and partners are utilising the Overledger Network. 

According to the project's official website, vendors and consultants are partners in many businesses. Quant believes there is a great chance that each client in today's economy will be drawn to the benefits of blockchain technology due to its private and secure nature. Therefore, partners can tap into Quant's resources and employ its technology to their demands. 

While millions of people associate blockchain technology with cryptocurrencies and non-fungible tokens (NFTs), there is more to that than the eyes see. 

Several businesses use blockchain to build new business models, from small-to-medium enterprises (SMEs) to multinationals. Quant can help enterprises capture a substantial part of every market they operate within a short period.  

It has been argued by several centralized and decentralized finance figures that the traditional infrastructure for handling money is complicated and fragmented. This is why investment firms, banks, and other financial institutions embed programmable money, tokenized assets, and central bank digital currencies (CBDCs) into their operations. Blockchain technology plays an instrumental role in this. Since financial institutions need to be interoperable to communicate and serve clients easily, Quant network is helping empower an interconnected world. 

## Quant crypto (QNT) role in Overledger Network 

QNT is the novel token of Quant and possesses all the attributes of a digital currency. Aside from being transferable, divisible, scarce, non-counterfeitable, and durable, QNT has the utility attribute. 

Engaging in Ethereum-based DApps normally comes with Ether (ETH) being used as a base currency for transactions. In the same way, enterprises, partners, and financial institutions interested in employing Overledger are required to pay licensing fees in QNT. 

As a result, QNT must be bought from supported gateways to enable the successful use of the network, which will grant interoperability to all of a business' systems. 

Now that the technical side of this innovation has been explained, let us examine the investment side of the QNT. What are the pros and cons of buying Quant crypto? 

## Pros and cons of buying QNT  

As a trader or investor, if you have read the article to this point, you can tell that Quant crypto has the potential of becoming one of the leading alternate coins (altcoins) due to the possibilities of the network that supports it. 

Unfortunately, while many unsophisticated investors (those who do not conduct any fundamental or technical analysis) only look at the rewards, we would like you to always weigh the positives against the negatives before making an investment decision. 

### Pros  

Passive income: Aside from buying a cryptocurrency and seeing multiple percentage gains, one of the ways to earn passive income in the DeFi economy is staking. In crypto circles, staking is whereby a significant portion of a digital currency is locked to support the validation and verification of transactions on a Proof-of-Stake (PoS) network. Staking can be done on the exchange of a trader’s choice and comes with above-average annual percentage yields (APYs).  

Supported by many crypto wallets: Crypto wallets facilitate access to blockchains. They play an invaluable role in transferring and storing digital currencies such as [QNT](https://www.coincarp.com/currencies/quant/wallets/) securely. Top wallets that securely hold the tokens include MetaMask, TrustWallet, Ledger, imToken, Torus, Coinbase Wallet, TokenPocket, iToken Wallet, Freewallet, and SimpleHold Wallet, and others.  

Listed by several mainstream cryptocurrency exchanges: As of 18 April, the crypto token is supported by more than 40 centralized and [decentralized exchanges](https://coinranking.com/coin/bauj_21eYVwso+quant-qnt/exchanges). Among them are popular centralized exchanges [Binance](/news/article/binance-nft-marketplace-explained), Coinbase Pro, Kraken, Crypto.com, Gate.io, Gemini, MEXC Global, and HitBTC, as well as decentralized exchange Uniswap Vaults 2 and 3. This means that it is easy to locate the token. Being listed on well-known platforms also explains the millions of dollars in daily volume the virtual currency sees. 

Ease-of-use of Quant Network: Due to the complexity of blockchain, the team behind the technology has made it easy for people without specialized knowledge to be able to go around Overledger. With this, there could be a spike in the number of potential clients. Since QNT functions as a utility token, the increased usage of the crypto could lead to soaring demand for the coin as an investment instrument. This could lead the digital asset to new price milestones. 

Security: Founder Verdian’s experiences serving in governments have seen him amass a wealth of experience in cybersecurity. With the necessary security encryptions in place, several stakeholders can tap into the platform’s resources without worrying about cyber-attacks. Since blockchain and crypto hacks continue to soar, a secure protocol is one of the primary factors to be considered before settling on a cryptocurrency.  

### Cons 

Quant crypto is relatively expensive: The token exchanged hands for [$112.64](https://coinmarketcap.com/currencies/quant/) on 18 April. To see 100% gains or double in investment capital, the price must rise to $225.28. This will take consistent above-average daily trading volumes to see the token retest the $200 mark. While a $250 investment can buy two QNTs, the same amount can buy more of other cryptocurrencies, which are far cheaper and have a greater chance of bringing traders short-term returns. 

Faces infinite competition from other projects: Projects like [Polkadot ](/news/article/polkadot-price-uk)and [Chainlink](/news/article/can-chainlink-reach-$10,000) were created to solve the interoperability problems associated with using blockchain. While Quant network seems to have a bit of an external focus with an eye on bringing in many centralized financial institutions, Polkadot and Chainlink are purely on the DeFi market. The two blockchains are among the top projects when development activities are measured, as several developers are designing many innovative products that are interoperable, which will positively impact the development of Web3. 

Quant Crypto Network: A Beginner’s Guide

[Bitkeep](https://bitkeep.com/en/index) is a decentralised wallet that offers safety and transparency, ensuring that your data and assets are always under your control. 

With support for more than 90 blockchain networks, you can explore a variety of NFTs, DeFi protocols, and DAOs. The platform enables efficient cross-chain trading, making hot NFTs and tokens easily accessible. You can access more than 20,000 DApps across multiple networks through their Web3 DApp browser. 

This company has been in safe operation for more than five years now and boasts a user base of more than 8,000,000 users globally. The platform supports over 255,400 tokens and over 220,000 NFTs. With its vast array of available tokens and NFTs, BitKeep provides its users with numerous opportunities to invest in their preferred digital assets. 

The wallet provides users with a multichain solution, allowing them to manage their crypto portfolios across more than 90 blockchain networks. This is done by importing existing wallets or creating new ones within the app. To ensure the safety and security of users' crypto assets, they employ a unique Double Encryption Storage Mechanism (DESM). Even if a user's device is lost or stolen, their assets remain secure and protected. 

## BitKeep offers comprehensive crypto solutions 

With BitKeep Swap, users can benefit from a comprehensive DEX market with optimised cross-chain transactions and liquidity aggregated from multiple DEXs and bridges. 

The platform also offers an [NFT](/news/article/nft-tax-uk-rules-explored) market with a search function, allowing users to invest in NFTs using any token easily. Additionally, its DApp store provides a Web3 browser that lets users securely access the latest DeFi, trading, social, and gaming DApps across multiple mainnets. Users can also favourite their most frequently used DApps for quick and easy access. 

This wallet has gained immense popularity among crypto enthusiasts, with almost 8 million users across 168 countries. It has established ecosystem partnerships and [strategic alliances](https://www.crunchbase.com/organization/bitkeep) with the top 30 public chains such as Polygon, [Solana](/news/article/solana-doodle-apes-explained), BSC, ETH, HECO, OEC, TRON, Fantom, Wax, IOST, AVAX, zkSync, Terra Luna, Near, Arbitrum, among others. These partnerships have made it an officially recommended wallet for them. 

With support for more than 80 main chains, 20,000+ DApps, and 245,400+ crypto assets, it aims to offer its users the most convenient and user-friendly decentralised portal. 

## BitKeep Secure Asset Fund 

To provide added security for user accounts and promote the growth of the [blockchain](/news/article/what-is-blockchain) ecosystem, BitKeep has established this fund. 

With an initial seed fund of $1,000,000, BitKeep plans to allocate 10% of its monthly Swap revenue to the fund. Additionally, they will invest in security technology annually to protect accounts from being hacked. The seed fund is stored in blockchain addresses to ensure transparency and accountability. 

To ensure transparency, wallet addresses have been made public for the fund. Over 50% of the fund is held in stablecoins, which helps minimise the impact of token price fluctuations. Furthermore, the fund is continually being funded to ensure the safety of assets. 

bitkeep logo on blue image of man using computer

BitKeep Crypto Wallet for Multichain Management

Toncoin is a layer-1 decentralised [blockchain](/news/article/blockchain-use-cases) initially created in 2018 by Telegram, the encrypted messaging platform. However, the project was abandoned and subsequently taken over by the TON Foundation, which rebranded it from "Telegram Open Network" to the new name of "The Open Network". 

Since 2020, the development of Toncoin (formerly known as Gram) and the TON network has been driven by a non-commercial group of supporters and an independent community of enthusiasts known as the TON Foundation. 

It was intended to be integrated into a user-friendly application that would allow for the easy buying, sending, and storing of funds, with users paying transaction fees and using Toncoin to settle or validate transactions. 

Toncoin uses the [Proof-of-Stake (PoS)](/news/article/ethereum-pos-release-date) consensus model to ensure scalability and reliability. The project website claims the platform offers customers fast, transparent, and secure payment services, enabling transactions with minimal fees and without needing third-party applications. 

## What are the uses of the Toncoin token? 

Toncoin is expected to play a significant role in the new economy and [Web3](/news/article/web3-games-raised-millions). The platform utilises smart contracts to facilitate transaction processing fees. The applications built on the platform offer payment services. Validators can lend capital and earn interest, while cross-chain transaction fees are also facilitated through this token. 

TON's on-chain governance program depends on the token and is also used as payment for blockchain-based domain names (DNS) and TON Proxy. Additionally, validators are required to maintain the blockchain by staking this cryptocurrency. Looking to the future, it is expected to be used as payment for decentralised data storage. 

## TON's flexible architecture allows for scalability without performance losses 

The Open Network is a blockchain-powered by the community, with a flexible architecture focused on serving the average consumer. Its most outstanding feature is its ability to quickly process and validate transactions per second (TPS). 

During a contest in September 2021, the network processed a record-breaking [55,000 TPS](https://coinmarketcap.com/alexandria/glossary/transactions-per-second), although the current TPS may be in the hundreds of thousands or even millions. This attribute facilitates the project's growth while preventing any performance losses. 

The developers' objective is to establish a comprehensive ecosystem encompassing decentralised storage, decentralised services, an equivalent of the domain name system (DNS), an anonymous network, an instant payment platform, and speedy/affordable transaction processing. 

With its scalable and shardable design, the Toncoin network can expand infinitely without compromising performance. This flexible architecture allows the network to accommodate many transactions, accounts, and validators. As of the latest data, the Toncoin network has processed a total of 118,225,433 transactions and has 2,334,994 active accounts. 

Furthermore, the network is secured by 297 validators who use the PoS consensus mechanism to validate transactions and earn Toncoin rewards. This impressive scalability, performance, and security make it a promising platform for decentralised applications and digital asset management. 

## TON's sharding feature 

This network is structured on the [sharding](https://www.rootstrap.com/blog/what-is-sharding-and-how-is-it-helping-blockchain-protocols) principle, or segmentation, featuring a multi-level structure involving multiple subnets on the same blockchain. The TON network is constituted of the master, work, and shard chains. This sharding feature prevents the net from accumulating unverified blocks and speeds up tasks. The developers of TON focus on scalability, efficiency, and mass adoption, providing ultra-fast transactions that verify and process a massive amount of TPS. 

It offers various services to its users, including TON Wallets, which provides two categories of wallets (custodial and non-custodial), and TON Services, allowing developers to create multiple DApps. In contrast, users can access third-party apps through a user-friendly interface. TON Storage provides private encryption using the private key of the owner's wallet, while TON Proxy allows access to the TON blockchain via decentralised VPNs. 

TON DNS (decentralised name system) allows traditional websites to work in the TON network, allowing users to set short, readable names. 

## Toncoin price and tokenomics 

As of writing, the [Toncoin price ](https://coinmarketcap.com/currencies/toncoin/)is $2.31, with a 24-hour trading volume of $25,099,270. The coin's volume is divided between centralised exchanges (CEX) and decentralised exchanges (DEX), with $25,193,486 and $124,808, respectively. 

The coin's market cap is $2,823,172,013, while its fully diluted market cap is $11,544,168,517. The circulating supply of TON is 1,221,401,181, while the maximum supply is 5,000,000,000, and the total supply is 5,047,558,528. 

## Security measures to protect the Toncoin network 

The Toncoin network employs the PoS consensus mechanism for transaction verification and rewards validators with Toncoin. Nominators can also offer tokens to validators and earn rewards. Additionally, the network utilises smart contracts to manage validators and nominators, providing an extra layer of protection. These smart contracts are executed through the TON Virtual Machine (TVM). 

toncoin coin on green image of trading stats

Toncoin: Revolutionising Blockchain Scalability

[Volt Inu](https://voltinu.in/) is a crypto project that aims to become a one-stop shop for DeFi projects. Launched in December 2021, it has quickly become a project worth watching in the crypto space. 

The project boasts an ever-expanding ecosystem that currently consists of a decentralized exchange, NFT collection, and crypto-based games, with more services on the way. It is on the Ethereum, Polygon, and Binance networks, with plans to expand to more networks. 

## Ecosystem 

The project’s ecosystem comprises; 

·         Voltichange 

[Voltichange](https://voltichange.net/) is a deflationary decentralized exchange. It enables users to trade any BEP20 or ERC20 token with a 0.25% fee that the system burns. The exchange provides crypto holders with a deflationary way to increase the value of their tokens. 

The exchange also helps cryptocurrency projects burn their token supply. There is a [widget tool ](https://voltichange.net/widget)that enables crypto projects to provide their users with an easy way to buy directly from Voltichange while burning their supply at the same time. Other notable features include a trending bar, token data, and favorite trades, which make trading easier. 

·         VDSC 

[Volted Dragons Sailors Club (VDSC)](https://volteddragons.com/) is an NFT collection of 10,000 3D dragons. The dragons are ERC-721 tokens on the Ethereum blockchain. They each have unique properties and traits that differentiate them and increase their rarity. 

The NFTs are available for purchase on OpenSea and other NFT marketplaces. Once you become a holder, you get exclusive access to future collections, exclusive rights, and revenues within the VOLT ecosystem, among other perks. 

·         Voltigames 

[Voltigames ](https://game.voltinu.in/)are [play-to-earn](/news/article/free-play-to-earn-games) games that offer multiple ways to earn VOLT tokens. 2D Racers is the first play-to-earn (P2E) game announced on the platform. It is an online racing game that can be played on browsers. 

In February, the crypto project released the first version of its NFT-focused game, Battle Royal, which can be played online. The game displays a fictional world of dragons that take part in battles on their island. VDSC NFTs are the backbone of the game. 

## VOLT 

VOLT is the native utility and governance token of the platform. It is a deflationary token that was launched on the Ethereum blockchain. It is designed to generate passive income for its holders through NFT fractionalization and node acquisition. 

The token is currently worth $0.000001697 and ranked the 289th largest cryptocurrency by market cap, valued at $92,810,418 by [Coinmarketcap](https://coinmarketcap.com/currencies/volt-inu-v2/). It is available for purchase in more than 100 exchanges, including Gate.io and Bittrue. 

The tokens have a max supply cap of 69,000,000,000,000 coins. There are currently 54,766,287,142,827 of them in public circulation. 

Besides purchasing the tokens, you can also earn them by participating in various activities in its ecosystem, including playing the P2E games, 2D racers, and Battle Royale. 

## Is Volt Inu a good investment? 

VOLT tokens' current market price makes them the best choice for beginner crypto investors. However, according to many cryptocurrency prediction platforms, the tokens are not the best choice if you are looking to make quick returns. They are better left as a long-term investment option. 

According to DigitalCoinPrice, the tokens might trade at an average price of $0.00000334 in 2023, $0.00000410 in 2024, $0.00000596 in 2025, and $0.00000743 in 2026. Digitalcoinprice predicts that even by 2032, the tokens will still not be trading above 1 cent. 

Priceprediction predicts the coins might trade at an average price of $0.00000199 in 2023, $0.00000288 in 2024, $0.00000419 in 2025, and $0.00000597 in 2026. Like Digitalcoinprice, Priceprediction does not see VOLT hitting the 1 cent price even by 2032. 

Ambcrypto, another popular crypto prediction site, predicts the tokens might trade at an average price of $0.0000011 in 2023, $0.0000026 in 2024, $0.0000034 in 2025, and $0.0000044 in 2026. 

All crypto prediction sites and analysts agree that the tokens might take a long time before they even trade above 1 cent. One[ prediction platform](https://crowdwisdom.live/crypto/volt-inu-price-prediction/) even calculates that it might take close to 40 years for the token to trade above 1 cent. However, this is the crypto space, and it is highly unpredictable. 

## Latest news 

Volt Inu's latest news reveals that its native utility token was recently listed on Huobi Global, a leading crypto exchange. The news was announced on 8 March, 2023, via [Twitter](https://twitter.com/VoltInuOfficial). 

The move is one of many Volt Inu is making to increase its native token's legitimacy and accessibility. The more people have access to the token, the better its price appreciation chances. 

## Conclusion 

Volt Inu is an ambitious cryptocurrency project looking to take over the DeFi space. According to its road map, it has already accomplished a lot and is still working on more ways to add to its services and expand its user base. 

The native token might not be performing well, but it still stands out with its use cases. The token is worth watching out for, especially as its ecosystem continues to expand and more people find their way into it. 

volt inu logo on pink image of blockchain

What is Volt Inu?

Recently, there has been an explosion of new cryptocurrencies and blockchains. It has caused the need for interoperability, as you have to send your tokens between different networks. One innovative decentralised platform which is solving this issue is [THORChain](https://thorchain.org/). 

The network offers a cross-chain infrastructure that allows you to swap tokens across multiple blockchains. It is designed to smooth out the peer-to-peer exchange of digital assets. Along with its interoperability, it maintains immutability and does not need wrapped tokens for swaps. 

Curious to know how the THORChain works? This article covers the blockchain’s unique features, the working mechanism, and crypto RUNE.  

## What is THORChain?

THORChain is one of the leading cross-chain architectures which offer a secure path for token exchange. It is an entirely decentralised platform that is compatible with eight popular chains. It can support swaps between [Bitcoin](/coins/btc), [Ethereum](/coins/eth), Avalanche, Binance Smart Chain, [Dogecoin](/coins/doge), Bitcoin Cash, [Litecoin](/coins/ltc), and Cosmos Hub. 

Leveraging its interoperability, you can swap the native tokens of its supported blockchains. It creates a frictionless experience and is used for various [DeFi](/news/article/what-is-a-defi-token) needs. 

In the beginning, THORChain was deployed on the [Cosmos network](/news/article/cosmos-crypto-explained). However, in April 2021, the network introduced an update that transformed it into an independent blockchain. Its mainnet provides an environment where non-compatible currencies can be exchanged without intermediaries. 

The blockchain also provides you with more liquidity. Because of this, its network poses a more secure option than the various centralised and decentralised exchanges.

In addition, you can also earn yields on the network. It has liquidity pools where you can deposit your assets and gain profits. The THORChain DEX brings you [crypto lending](/news/article/crypto-lending) services too. It also allows you to secure digital asset funding almost instantly. 

## How does the THORChain work?

THORChain is a cross-chain DEX protocol that works like an Automated Market Maker (AMM). Its mechanism involves Tendermint software, Threshold Signature Scheme (TSS), and the Cosmos SDK. 

It follows the Proof of Stake (PoS) consensus mechanism. It involves validators [staking](/news/article/what-is-staking-crypto) their RUNE tokens in the network to validate transactions and run the nodes. Among these, the operative nodes are also responsible for creating liquidity pools.
 
The blockchain works with the same principle as the Bancor DEX. It includes the pool liquidity ecosystem where users deposit their cryptocurrencies. The pool also includes the native token of the chain, which is RUNE. Then the protocol behind it uses algorithms to evaluate the value of the assets against RUNE.

The process facilitates the exchange of non-native tokens. So, for instance, when you swap Bitcoin for Ethereum, the protocol exchanges BTC with RUNE first. Then it moves on to swapping RUNE with Ethereum. 

This double-swapping process allows instant completion of transactions. Besides, it enables non-custodial exchanges to work freely with the THORChain protocol.

## What are the benefits of using THORChain?

One of the main goals behind the creation of THORChain is to offer deep liquidity to the users. It was built on the premise that centralisation removes economic safety from exchanges. That’s why there needs to be decentralised exchanges that offer more [economic security](/news/article/cryptocurrency-and-the-economy) because of locked assets. 

The liquidity of THOR, along with its cross-chain abilities, makes it an exceptional choice for users. It allows them to swap tokens back and forth between different blockchains. Moreover, it does not need intermediaries for swapping, keeping the system swift and secure. 

In addition to that, you can be part of different liquidity pools on the network. It allows you to earn yields on your funds and get crypto loans. 

Overall, the THORChain blockchain provides a single interactive interface from which you can securely access multiple assets. It not only offers interoperability but also has features like crypto lending, yields, etc.

## THORChain ecosystem
 
![thor1.png](https://s3.eu-west-2.amazonaws.com/prod-monitalks-media/thor1_18f2cb48bf.png)

[Source](https://thorchain.org/ecosystem)

The network ecosystem involves a range of different decentralised applications (DApps). According to the THORChain website, there are a total of 41 projects offering various services to its users. These include both THOR’s own as well as third-party apps.

The list of DApps involves various self-custody wallets like Trust, Edge, and ThorWallet. It also introduces digital asset trading platforms like ShapeShift DAO, [THORSwap](/news/article/what-is-thorswap), and Rango Exchange. 

You can also get analytical insights on the platform with the projects like THORChain explorer, THORCharts, and Nansen Portfolio. Other categories include NFT, Launchpad, Support, Community, and more.

## THORChain crypto (RUNE)

RUNE token is the native crypto in the THOR network. It plays a crucial role in the cross-chain exchange of different tokens. It serves as a settlement asset and offers deep liquidity. The high liquidity RUNEs provide you with economic safety on the network. Due to its mechanism, you do not need wrapped tokens or several cryptocurrency pairs.

Crypto is also used as the governance token on the network. When you use crypto, you will gain governance rights for choosing your liquidity pool. The network also uses RUNE to provide incentives to the users. 

## RUNE tokenomics and price

The economics of the THORChain crypto is reasonably straightforward. According to [CoinMarketCap](https://coinmarketcap.com/currencies/thorchain/), the max supply of the tokens is 500,000,000, from which around 327,056,566 RUNEs are in circulation. The project's market cap is more than $500 million.

![thor2.png](https://s3.eu-west-2.amazonaws.com/prod-monitalks-media/thor2_21cbd803b0.png)
 
[Source](https://thorchain.org/)

It is designed to lock RUNE's $3 against each $1 of the non-native assets in the liquidity pool. The network's total value-locked (TVL) is $132,570,726.

As for the price of the coin, it directly depends on the usage of THORChain. Currently, one RUNE is priced at around $1.67, with a trading volume of $52,092,701 in the past 24 hours. 

## THORChain price prediction 2023, 2025, & 2030

According to the forecast from [DigitalCoinPrice](https://digitalcoinprice.com/forecast/thorchain), RUNE shows bearish long-term trends. Its data suggest that the coin will likely capitalise on its current price and maintain an average of $3.28 in 2023. In addition, the coin may hit the $6 mark in 2025. However, until 2030, its price will be around $17, even less than its current all-time high value. 

On the other hand, data from [PricePrediction.Net](https://priceprediction.net/en/price-prediction/thorchain) shows slightly bullish trends. It predicts that the THORChain crypto may reach the maximum of $2.95 in 2023, whereas it will likely average $2.62. Moreover, in 2025 its price may grow to $6.57, and it may average around $5.54. Meanwhile, till 2030, RUNE’s price may cross the $30 mark and will likely average $33.81.

## Closing thoughts 

THORChain network is a unique take on DEX. It follows the AMM model and is backed by high liquidity, providing enhanced security. It is an all-in-one platform where you can perform multi-currency exchanges frictionlessly. Besides, it gives you access to the most popular currencies like BTC, ETH, and DOGE. 

Meanwhile, the platform is still seeing growth. Many third-party applications are becoming a part of THORChain, which will help the RUNE crypto to grow as an investment.


Thorchain logo on blue image of lightening strike on mountain

THORchain Explained 

If you're considering making money from your crypto holdings in 2023 and beyond, this guide discusses Raydium staking and shows you how to make money from it.  

There are different ways to make a fortune from the burgeoning cryptocurrency market. Most people have only heard about buying and HODLing crypto traditionally while waiting for prices to improve, but staking to earn passive income on idle cryptocurrencies in an ingenious method.

## What is Raydium?

[Raydium](https://raydium.io/) is a decentralized automated market maker (AMM) built on the Solana blockchain. It draws its liquidity from the Serum decentralized exchange (DEX). The platform facilitates trading digital currencies, like cryptos, via liquidity pools, which remain a significant feature in the Decentralized Finance (DeFi) circles.

Liquidity pools are made of individuals (liquidity providers) who lock their crypto in a smart contract to be used as trading pairs in markets for traders on the DEXs. An AMM protocol guarantees liquidity in a digital market, such as a cryptocurrency exchange. AMMs are designed to set asset sales and purchase prices automatically and are primarily used in predictive markets. 

As an AMM, Raydium plays two fundamental roles. Apart from providing access to Serum’s order book, its algorithm is based on CFAMM (constant function automated market maker), a continuous function whose architecture is anchored within Solana and Serum.

## What is RAY and how does it work?

RAY is the native token of the Raydium ecosystem. It was launched on 21 February, 2021, with an initial supply capped at 555 million tokens. The RAY development team apportioned and locked up 20% of the supply that couldn't be sold for three years. One-third of the total RAY token supply (188 million tokens) is available for mining, and it's estimated that block rewards will be halved every six months. In the same vein, 0.03% of transaction fees earned on the platform are reserved for Raydium staking rewards.   

## What can RAY tokens be used for?

Holders of the RAY token can generate interest, totaling up to 0.03% of the platform's total trading fees, via Raydium staking, besides getting some limited rights to intervene partially in the protocol's governance. RAY holders can also vote for proposals on amendments and issues submitted to the community. The size of a user's voting power is determined by the amount of RAY tokens they own. You can buy RAY from numerous leading cryptocurrency exchanges where it's listed or directly from the Raydium website.

## What is Raydium staking?

[Staking in crypto](/news/article/what-is-staking-crypto) is a process similar to the mining function. Participants are selected to add blocks and establish the validity of transactions for which they get rewarded in crypto. While the exact implementation may differ for different projects, participants lock in their tokens for a specified period to guarantee that they will act in good faith and not violate the rules.  
  
If you're a long-term crypto holder, Raydium staking can work for you by generating passive income instead of you letting your digital assets gather dust in your wallet.

Moreover, staking contributes to the security of the Raydium protocol, making it resistant to attacks as you strengthen its transaction processing ability. Staking Raydium in its farms of fusion pools also enables you to earn more RAY tokens. Currently, stakers can make an annual percentage return (APR) for staking RAY at [9.84%](https://raydium.io/staking).

## How to stake RAY 

Raydium staking is a straightforward process that takes three simple steps:

1.	Select your favorite crypto exchange.

2.	Buy RAY tokens or transfer your coins to your [crypto wallet](/news/article/cryptocurrency-hardware-wallet).

3.	Stake, and wait to start earning.

You can also stake directly on the Raydium website by clicking the STAKE tab and confirming the transaction.

Your RAY token rewards will grow depending on the current APR against the RAY vault. You can collect your accrued rewards at intervals. At this point, you withdraw your original staked amount plus the earned rewards.

## Is staking Raydium a good investment? 

Since the character of cryptocurrency experiences a wavelike motion, there's every chance that the price of RAY can appreciate and get to an all-time high as the crypto winter thaws. Should the price of Raydium increase, it could generate good returns, giving Raydium staking a good long-term earning potential.


green image of Raydium crypto token logo with periodic table in the background

Raydium Staking: Earn Crypto Rewards Easily 

DeFi Llama is a premier decentralised finance (DeFi) [analytics dashboard](/news/article/compass-nft) that primarily tracks the total valued locked (TVL) of blockchains and their decentralised applications (DApps).

In this guide, we have summarised each of the platform's offerings.
 
## Why should I use DeFi Llama?

If you look at the above image, you will see that the platform offers a variety of dashboards to track decentralised finance data (left-hand side of your screen). 

This includes Yields, Liquidations, Volumes, Fees/Revenue, Raises, Hacks, and more. Simply click on a category of your choice to view and analyse relevant data.

With the [help of available dashboards](https://defillama.com/), you can keep track of the entire decentralised finance sphere and conduct in-depth research into all major blockchains and DApps.
What makes this data even more interesting is that it allows you to visualise the [growth of the sector](/news/article/how-can-features-of-blockchain-support-sustainability-efforts) over time and see how major blockchains and DApps have developed.

While the available information may seem like an overload to new users, it is a fantastic opportunity to gain insights into potential gems if you figure out where to look, among other possibilities (please DYOR!).
 
For example, if we look at the above chain-by-chain breakup of the crypto sphere, we see that Ethereum (ETH) dominates the space, with a TVL of over $30B. Ethereum boasts 670 protocols at the time of writing, and if we click on it, we will see the collection of protocols on the blockchain.
 
With the help of this data, we can determine the categories of Ethereum protocols, their TVL, TVL statistics, etc. This information could help us find great opportunities (again, DYOR!).

If we click on Lido (LDO), for example, further insights into the protocol, including important links, token information, methodology, competitors, raises, treasury, yields, fees, and revenue breakup, are available.
 
It should be noted that this is just one way of using the platform. To put it into perspective, there are 2,176 protocols listed on DeFi Llama currently - numerous data metrics are available and the number of possibilities is endless.


DeFi Llama: A Decentralised Analytics Dashboard 

Blockchain and cryptocurrency started with the idea of not letting central authorities control our finances. This decentralized anonymous system lets people make a passive income while keeping their identity private. This inspired DRIP Network, enabling token holders to have a consistent passive income that grows over time.

Regular shares and stocks pay out a dividend. This means that once you own a company stock, you can make money as long as the company is turning a profit.

This is the principle on which DRIP aims to work. According to DRIP, it will pay token holders a daily dividend, allowing them to make money/passive income without actually having to do anything.

## What is DRIP Network?

DRIP Network, created by teams led by Forex_Shark and BB, was launched in July 2021. Forex, who has been involved in the crypto space since 2012, is the main developer of DRIP. The total supply of DRIP tokens is capped at 99,999,999.

[The network is based on the DRIP Token](/news/article/drip-token). It is a community that pays token holders 1% of their investment daily, going up to 365% a year.

## DRIP features

•	DRIP Network token - According to the DRIP Network website, the official token of the network, DRIP, is built on the Binance Smart blockchain (BSC) as a BEP-20 token. The token is designed to be scarce, deflationary, and resistant to censorship. Its current value stands at £0.38.

•	Swap - Traditionally, you would have to use exchange platforms such as PancakeSwap to exchange your BNB for DRIP. However, now you can use the DRIP Network website to make the exchange without incurring a 10% fee.

•	DRIP Faucet - The Faucet is a feature on the DRIP Network's website where users can deposit their DRIP. As stated on the website, this feature is a low-risk, high-reward contract that operates in a similar fashion to a high-yield certificate of deposit by providing a daily return on investment of 1% up to a maximum of 365%.

## How does it work?

DRIP token workings are simple - you deposit a pre-decided amount of DRIP into the DRIP Network. The idea here is to start making a passive income that will not only return you your initial deposit, but also turn in a profit after a certain period.

To explain further, let's say you invest £10,000 as your initial deposit. It would take you about 3.5 months to make your deposit back; from there, whatever you make from the rest of the remaining 365 days is yours to keep. In other words, it is pure profit.

## How to get started with DRIP

Let's look at how you can start investing and making a profit with DRIP.

•	Buy BNB - Grab yourself some BNB from places like Coinbase, Kucoin, Binance, [or other wallets](/news/article/best-crypto-wallet-uk-top-picks). Once you've got it, send it over to your Metamask or Trust wallet. Just make sure you're sending it to the Binance Smart Chain.

•	Swap your BNB for DRIP - Once you're on the [DRIP website](https://drip.community/), connect your wallet by clicking on the "Connect Wallet" button on the top right corner of the page. Then go to the swap page by clicking on the "Swap" button. To buy DRIP using BNB, enter the amount of BNB you want to exchange under the "Buy DRIP" section and confirm the transaction. 

Review and approve any smart contract and exchange actions on your wallet before proceeding.

•	Deposit your DRIP - Once you have your desired amount of DRIP tokens, click on the Faucet to go to the Faucet page. You can use this step to put in a referral if you have one. To deposit DRIP, input the desired amount and select "Deposit". 

Be sure to confirm the transaction in your wallet and remember that a 10% tax will be applied and the funds will not be refundable.

After depositing, you will be able to view the following statistics: Available DRIP earned (at a rate of 1% per day), the total value of DRIP deposits, total claimed DRIP, total DRIP earned from team member referrals, and the maximum payout amount based on your deposit and 1% daily earning potential. 

This amount may increase when you reinvest. Your team members will also be visible.

•	Hydrate/Claim - You will see two buttons, "Claim" and "Hydrate". "Claim" allows you to collect your earned rewards. "Hydrate" lets you reinvest your rewards, increasing your earning potential and max payout. This option has a 5% fee and is preferred by users who want a long-term investment.

DRIP, a new type of offering, aims to be sustainable by implementing several features that encourage price stability and discourage large holders from impacting the market.


blue image of drip network logo and blockchain

DRIP Network Explained

[DappRadar](https://dappradar.com/) is a global application store tailored to the needs of stakeholders of the decentralized finance (DeFi) space. 

The platform allows the tracking, analyzing, and discovery of decentralized applications (DApps), non-fungible tokens (NFTs) collections, DeFi projects, tokens, token swaps, and airdrops, among others.

Dragos Dunica and Skirmantas Januškas founded [DappRadar](https://dappradar.com/about-us) in 2018. They serve as the company's Chief Executive Officer (CEO) and Chief Data Officer (CDO).

As of 15 January, 2023, the platform that tags itself as actionable, multichain, and peerless provides coverage to the widest selection of applications in Web3 and Metaverse, tracking 13,187 DApps, 16,053 NFT collections, and 48 portfolios. Through this platform, developers, traders, and investors can view digital collectibles, and trending DApps, analyze the periodical volumes of certain applications and NFTs, and discover new blockchain technologies with promising innovations. The data tracking portal sees more than one million monthly users and employs 71 people. 

## DappRadar supports many blockchains

Despite the decentralized nature of the crypto industry, finding information for novices or beginners can be extremely difficult. 

DappRadar has rectified this problem by providing relevant data on more than 50 blockchains. Some blockchains being tracked include Ethereum, TRON, BNB Chain, Flow, Avalanche, Tezos, EOS, [Polygon](/news/article/polygon-crypto), IoTeX, Solana, Algorand, Cronos, Ronin, Immutable X, Celo, Fantom, and WAX. 

In September 2022, DappRadar [announced](https://dappradar.com/blog/dappradar-now-tracks-cardano-blockchain-dapps) the tracking of [Cardano](/news/article/cardano-analysis-and-explanation) DApps. This came on the back of a [Vasil Hard Fork](https://cointelegraph.com/news/what-cardano-s-vasil-hard-fork-means-for-the-blockchain) upgrade which enhanced Cardano's transaction speed. Aside from this, the upgrade triggered DApp development capacity, general usability, and security.

Some of the most popular blockchain DApps tracked by DappRadar include Splinterlands, Alien Worlds, PancakeSwap, Hooked, Planet IX, Farmers World, AtomicAssets, decentralized exchanges Uniswap V3 and V2, NFT marketplaces (OpenSea, X2Y2, and Magic Eden), Meta Apes, 1inch Network, ApeSwap, ApeCoin Staking, Axie Infinity, MetaMask Swap, QuickSwap, and NFT collection NFL ALL DAY.

## DappRadar provides periodical industry reports

To keep users of the platform and stakeholders of DeFi up-to-speed with developments in the industry, DappRadar provides quarterly reports about the state of the industry. The information covered mostly includes NFT trading volume, total transactions within a period, total value locked (TVL) in decentralized applications, and the growing use of airdrops as a marketing tool to draw millions of people to a particular project. 

In a recent report, it shed light on [Blur](https://dappradar.com/blog/new-dapps-report-blur-nft-trading-volume-spikes), one of the DApps based on Ethereum, which has generated more than $300 million in all-time sales in just three months. In the process, it has jumped into the top ten NFT marketplaces in the world.

## The project is supported by a cryptocurrency

Like many projects in the industry today, DappRadar is supported by a cryptocurrency called [RADAR](https://coinmarketcap.com/currencies/dappradar/). The coin was launched in December 2021 to support the platform’s quest of becoming a powerhouse in the shift from Web2 to new heights in the [Web3](/news/article/web3-games-raised-millions) and Metaverse. 

RADAR has many uses, such as serving as a governance token for holders who will contribute to making decisions about the platform.

RADAR can also be staked for passive income. Staking is where a significant number of a coin, in this case, RADAR, is locked up to help a Proof-of-Stake (PoS) blockchain validate transactions.

As of 15 January, 2023, more than 570 million RADARs are circulating in the market from a total and maximum supply of ten billion. RADAR reached an all-time high price of $0.0604 on 15 December, 2021 and tested an all-time low price of $0.004091 on 18 June, 2022.

The coin is supported by nine exchanges (centralized and decentralized). They are Bilaxy, MEXC Global, BKEX, CoinW, Uniswap V3, DigiFinex, Huobi Global, SushiSwap, and Crypto.com.

## Conclusion: Should I use DappRadar?

Millions of people now regard this platform as the best as it provides an all-in-one system due to the quality of its application programming interface (API). With this platform, you can find all the essential information about the emerging sector in one place, which can help you make decisions about decentralized exchanges, lending, yield aggregation, and NFT investing.


blue image of Dappradar logo over image of dapps

What is DappRadar and Why Do You Care?

After a last-minute change of heart, it is a question challenging many in the last couple of months – just when is the Shibarium release date?

A series of delays towards the end of last year means that the release date for this eagerly awaited Ethereum scaling solution has remained a mystery. New evidence has shown that, finally, we may be moving closer toward the launch of this long-awaited 'layer 2 scaling solution'.

## ‘Layer 2 scaling solution'

Shibarium is a [layer 2 scaling solution](https://crypto.com/university/what-are-layer-2-scaling-solutions) built on top of the [Ethereum](/news/article/ethereum-merge) network. It is designed to facilitate the Shiba Inu ecosystem. In theory, this should provide thousands of users access to the myriad Ethereum-enabled applications.

Layer 2 solutions take advantage of the vast security and infrastructure benefits of layer 1 blockchains while ultimately providing cheaper and faster transactions. They achieve this by 'sitting on top' of layer 1s and using technical innovations like Roll-ups and Federated Side Chains to increase transaction times while reducing gas fees.

This helps to take pressure off a main chain while continuing to provide access to its benefits. Close association with Ethereum allows users of layer 2 scaling solutions like Shibarium access to the massive DeFi ecosystem on the world's second largest blockchain.

## Immediate benefit

What can we expect when the Shibarium release date is finally decided? It goes without question that Shibarium is one of the most highly anticipated projects to be launched in the Shiba Inu ecosystem. But just what will its launch mean in real terms?

Let's look at some of the immediate benefits.

Firstly, and most importantly, the successful launch of Shibarium will mean much lower transaction fees for those looking to develop applications on the platform. The high gas fees associated with the Ethereum blockchain are well documented. They are often a barrier to entry for those looking to get into crypto. Scaling solutions such as Shibarium promise to be much cheaper to use without losing the security benefits of the Ethereum blockchain. This is a massive draw for any developers looking to build.

Due to the [blockchain trilemma](https://academy.binance.com/en/articles/what-is-the-blockchain-trilemma), speed is often sacrificed at the expense of security. That means peak period transactions across Ethereum can slow to as little as 30 transactions per second. Because scaling solutions such as Shiberium do not access the main chain, transactions can reach into the thousands and provide much-needed scalability when it is needed the most.

This combination of cheaper and faster transactions is irresistible to developers looking to take advantage of Ethereum's stability and security. Indeed, the latest data shows that decentralised gaming application developers, such as those behind Shiba Eternity, are beginning to realise that this promising layer 2 solution provides everything they are looking for.

The successful rollout of Shibarium is sure to present more opportunities for the burning of the SHIB token, which will come as a great relief to holders of the coin. With 500 TRILLION tokens at its launch, many industry experts believe this high number is unfavourable to any future price gain. Consequently, Shibarium is expected to feature several burn mechanisms contributing to the drop in circulating supply.

With plans to launch a Metaverse project also in the pipeline, Shibarium is surely one of the projects to keep a close eye on in 2023.

The native token of the project, $BONE, has been democratically distributed by its anonymous creator Ryoshi. Like most other layer 2 solutions, node operators across the network will be rewarded in BONE for validating and processing transactions. With a circulating supply of 230 million tokens, BONE has every opportunity to be a highly tradable coin.

## Project release date - ‘close’

At the time of writing, the Shibarium release date is still unclear. However, as we are all aware, the world of crypto is unpredictable and anything can happen.

That said, the creators behind the project, Unification Foundation, are keen to get the ball rolling. An October 2022 [Twitter post](https://twitter.com/ShytoshiKusama/status/15869099) by Lead Developer Shytoshi Kusama highlighted the team's insistence on doing 'one thing at a time'.

As far as we can tell, the project has completed an internal alpha testnet phase before a public testnet phase which shows that the project release date is 'close'. It is thought that one of the key components of the project is the development of a secure and efficient wallet function. Getting this element correct is something that cannot be rushed.


blue image of shiba inu dogs smiling with shibarium shiba coin in centre

Shibarium Release Date Update

Founded in 2019, Acala is a self-contained decentralised finance (DeFi) network built on and designed to facilitate the Polkadot ecosystem. It's native token is the Acala coin, ACA.

The project has been specifically optimised for DeFi use and is both scalable and Ethereum (ERC-20) compatible.

The [project](https://acala.network/) provides a vast array of cross-chain financial applications, which make it highly flexible and help to maintain consistent levels of demand. Users can trade with Acala Swap, issue self-certified loans through the Acala dollar stable coin (aUSD), access liquidity farming opportunities, and earn staking rewards through Liquid DOT staking (LDOT).

In the future, Acala coin (ACA) will be bridged to Ethereum and Bitcoin, as well as Compound Gateway, which was synonymous with the project's development.

This project is leading the way in developing hybrid crypto and fintech products alongside US fintech company Current and helping to bring DeFi yield opportunities to its three million US customers.

## Tokenomics

ACA is the native token of the Acala network. There are currently some 613 million coins in circulation, which, at current prices, gives a market cap of just over $73 million. The max supply is set at 1,000,000,000 tokens, which are subject to a 0% rate of inflation with a fixed and deflationary profile.

ACA is available from a wide variety of cryptocurrency exchanges, but [Binance](/news/article/guide-to-binance-uk) proves to be the most popular, carrying 58% of ACA/USDT volume. KuCoin, Kraken, and Gate.io are other popular places [to purchase the token](https://coinmarketcap.com/currencies/acala/markets/).

The stand-out feature of Acala is the native stablecoin known as aUSD. As we mentioned above, the project is helping to drive the adoption of DeFi protocols through the use of the Polkadot ecosystem. aUSD can also be used on the Kusama network, ensuring even more stability in its mission to provide parity with the US dollar.

aUSD has been designed to be completely decentralised. It is multi-collateralised and backed by a series of cross-chain assets.

However, it is essential to differentiate between the Acala dollar (aUSD) and the Acala coin, which is the native token for the Acala platform.

At its genesis, the ACA token has been distributed democratically, with 49.6% of tokens allocated to community members. The remaining 50.24% has been split between Backers (11.66%), Early Backers (18.33%), and the Founding Team (20.25%).

## Benefits

The Acala coin (ACA) is the utility token that powers Acala, [the DeFi hub of Polkadot](https://acala.network/acala/token). The token is used for various features, which we will look at here.

•	ACA is used to pay transaction fees which form the lifeblood of validators on the network. Furthermore, the coin is used to incentivise nodes to monitor and relay messages across the Polkadot network.

•	Acala coin holders are entitled to vote on crucial network issues that help drive the project's development. Token holders can also elect future council members.

•	ACA is also used to auto-adjust risk parameters which drive interest rates and collateral ratio. Furthermore, any staked ACA can be used to deploy new Substrate pallets on the Acala blockchain.

## Parachain auction

ACA has been earmarked to support early participants in the Polkadot parachain auction through the issuance of DOT. Once received, a portion of the chosen ACA will be unlocked and become transferable, with the remaining amount vested and slowly released over the duration of the parachain slot.

80% of any ACA resulting from the parachain auction will have a linear vest over the course of the parachain slot release, while 17% of the supply will be issued as rewards to supporters of the first parachain auction.
 
In short, this means that supporters will receive 3 ACA for every DOT contributed, although this number is set to increase depending on your level of involvement. 20% of ACA received from the parachain auction will be unlocked, liquid and usable within Acala's DeFi ecosystem.

## Conclusion

As you can see, there are myriad ways in which holders of the ACA token can help contribute to and secure the network making Acala one of the most innovative and flexible DeFi ecosystems on the market today.

This project is a perfect example of a breed of new and exciting FinTech start-ups helping to create the bridge from the TradFi to the DeFi world.


Green image of tech pattern with acala coin logo in centre

Acala Coin Use and Value Explored

[Ramp Network](https://ramp.network/) is a fintech company that provides payment infrastructure to bridge the crypto-finance divide.

The company's goal is to create a meshed, easily accessible link between the open blockchain financial system and the old, closed banking system, removing the requirement for a trusted third party to act as a go-between.

It is a non-custodial, full-stack payment system that speeds up transaction implementation and fosters confidence among its partners with its superior technology. It is accessible in more than 160 countries, which has ensured that it has millions of customers and more than 400 registered partners.

Przemek Kowalczyk and Szymon Sypniewicz founded the network in Poland in 2018. Ramp Swaps is a crypto asset firm registered with the [UK Financial Conduct Authority](/news/article/ftx-uk-warning) for crypto activity. The network Link's open banking operation is regulated by the Polish Financial Supervision Authority.

The company has received [$133.9 million](https://www.crunchbase.com/organization/ramp-3b7b) in investment over four rounds. Their most recent funding came from a Series B round on 9 November, 2022. So far, 27 investors have contributed to the financing of the company. The most recent investors are Korelya Capital and Cogito Capital Partners.

## What are the benefits of Ramp Network?

It provides a simple way for users to buy and sell cryptocurrencies directly from Dapp. Ramp's partners could reach larger customers, receive payments, and provide regulated services to their end customers while remaining compliant.

Enterprises, [games](/news/article/best-farm-games-2022), NFT(non-fungible token) marketplaces, decentralized finance businesses, [wallets](/news/article/top-rated-bitcoin-wallets-uk), and any other company that wants to provide fiat-crypto flow to their users within their products can use the company's platform integration, allowing clients to quickly enter into contracts and lock a digital asset for their operations.

## Ramp Network is fully compliant

You can be confident that any transactions done with this tool are entirely secure and guaranteed due to official legislation, institutional control, and modern technology. 

As a regulated organization, it has ensured that KYC rules for [crypto](/news/article/are-crypto-gains-taxed-in-uk) purchases are followed. This implies that to transact via Ramp, you will need to work with this network to verify your identity. This company can verify your KYC identity using your bank account data and the open banking API. This procedure takes only a few seconds, and no physical documents are necessary.

Smart contracts protect Ethereum transactions made possible by the Instant bank transfer payment option. The network’s open source employs smart contracts, which makes them capable of being industry leaders in the coming years. In addition, their smart contracts are audited by Quantstamp, which again proves the quality.

## Bottom line

Ramp partners can reach new audiences, collect fees, and provide regulated services to their end customers while remaining compliant. It will be exciting to see how Ramp Network uses its technology, team, partners, and the trust of its customers to scale its platform to be a leader in the industry.


Green image of computer network with ramp logo

Ramp Network - Accelerating Crypto Adoption

Dai is a crypto based on the Ethereum network. Its main defining feature is the fact that it's a stablecoin.

Dai works alongside MakerDAO, and the Maker Protocol, to ensure the stability of its coins is maintained throughout its existence.

Maker Protocol is open-source software, which, due to its nature, is accessible by anyone. It sits on the Ethereum network seamlessly, allowing Dai to carry out its operations to remain a stable crypto coin.

## How do stablecoins work?

Stablecoins are extremely popular in the crypto world, as they provide stability and regularity in the heavily volatile crypto world. In simple terms, [stablecoins](/news/article/what-are-stablecoins) are cryptocurrencies that match the US dollar in value. Essentially, its exchange rate with the USD will always remain 1:1 - if things are going well, that is!

This means that even if the crypto market is falling, a stablecoin, like Dai, will stay at the same ratio as the dollar. In fact, there are several reasons why you might want to hold on to a stablecoin instead of US dollars in fiat:

•	A stablecoin is less likely to be affected by inflation when the government prints too much fiat currency.

•	Stablecoins, like Dai, provide a borderless and international mode of payment that seamlessly transfers anywhere in the world in minutes.

•	The cost of transactions with these stablecoins is lower, too, with most options only requiring some cents per transaction.

## Types of stablecoins

Why are these coins, including Dai crypto, able to match the US dollar's value and stay par with it? Well, there are multiple ways to achieve that feat - mainly three, to be specific.

## Algorithm-based stablecoins

With these coins, particular algorithms are set to allow the crypto to match the USD's value. These projects will consist mainly of two different tokens representing the same organization: one to deal with the market's volatility and the other to stay level with the dollar.

This is the slightly more uncommon route we see in the crypto industry regarding stablecoins, as the other two models follow are more popular. Both the following models are based on the concept of collateralization, so we'll delve a bit into that before we talk about the models themselves.

## Collateralization

You may have heard of the term "collateral". It is a common term and an important factor in obtaining loans. If you're not familiar with collateralization, [here’s](https://www.fe.training/free-resources/corporate-finance/collateralization/) a great source of information where you can learn about the topic in depth.

To put it briefly, collateralization is securing a loan by providing a valuable asset in return to the lender. The asset that's provided as security to the lender is called collateral. Dai's approach to being a stablecoin in the crypto industry also follows the collateralization route.

## Crypto-backed collateralization

In this case, users provide cryptocurrency as collateral to obtain that project's tokens. To get their crypto back from the platform, they need to return the exact amount of tokens they borrowed plus a processing fee.

If we're talking about Dai crypto, in particular, it makes use of Ethereum as crypto collateral. So, users keep Ethereum in the vault of MakerDAO as collateral to receive Dai tokens in return. And, when they're looking to retrieve their Ethereum, they need to pay the exact amount they loaned in Dai, plus a fee on top. This is how the platform maintains stability and consistently matches with the USD.

## Fiat-backed collateralization

This follows the procedure of the crypto-based method, but uses fiat instead of cryptocurrency as collateral. Users can provide any fiat currency as collateral to receive that platform's token and then vice versa when they need to return it. Tether USD or TUSD is a popular stablecoin that follows this strategy to stabilize itself.

## What makes Dai crypto unique?

A major factor that makes the Dai crypto unique is that it was one of the first projects to introduce the idea of decentralized finance or DeFi. Its usage of stablecoins and matching with the exact value of the dollar, but more liquid and accessible, meant that it seemed more viable for the future.

Dai crypto is also one of the few stablecoins based on Ethereum using crypto collateralization. It also offers great incentives and security for users. One huge security factor with Dai is that it maintains a specific ratio of 150% of Ethereum kept as collateral to the amount borrowed in Dai. This means that to borrow $10 worth of Dai, one would need to keep $15 worth of Ethereum as collateral with MakerDAO.

And, if this ratio is ever broken or inconsistent, the user can appeal and receive a proportion of the collateralized Ethereum in compensation.

## Anomalies with Dai crypto

Dai has remained pretty stable over the years, with the crypto matching the USD value with a 1:1 ratio. However, there was one incident where it spiked to $1.11 in value. An increase of 0.11 might not seem much in the crypto world usually, but it's massive for a stablecoin.

It's worth noting that this happened during the COVID-19 pandemic when the market was extremely volatile. Apart from that, Dai has remained one of the best stablecoin options in the market, if not the best.

## Integration with applications and MKR token

MKR is the main crypto token of the MakerDAO platform and is tied heavily with Dai. Its primary role lies in the governance and operation of Dai. Holders of the MKR token have a say in the future of Dai. They can have voting rights, with the main idea being [decentralized governance](https://makerdao.com/en/governance/) for the Dai crypto. There are various forums and voting platforms where holders can have their say openly.

## Other applications

Various applications use Dai and accept it as a means of payment. These include crypto exchanges and platforms, such as [Coinbase](https://www.coinbase.com/), [Metamask](https://metamask.io/), and [Ledger](https://www.ledger.com/). Some popular Metaverse games also accept payment in Dai - notable names include [Sandbox](https://www.sandbox.game/) and [League of Kingdoms.](https://www.leagueofkingdoms.com/)

## Final thoughts on Dai crypto

The fact that Dai is accepted widely by many big-name applications shows that it's seen as a reliable crypto token. Accessibility is a big factor in making cryptocurrencies important for users. Dai does just that with its usability and stability.

Another crucial aspect that Dai implements well is integrating the community and users within the project. It's important, today, to involve your community in your operations, especially as a crypto-based project.

Dai looks to stay strong moving forward, with a great foundation like MakerDAO supporting the project. Hopefully, we have a lot more to come from the project in the future too!


green image of euros and altcoins with dai crypto in centre

Dai Crypto Contribution to the Stablecoin World

For all the technology behind non-fungible tokens (NFTs), trading NFTs is still a tiresome and slow process. That was until Sudoswap came and changed the game.

Now, buying and selling NFTs can be as smooth as trading cryptocurrencies on [Uniswap](/news/article/uniswap-exchange-nft-aggregator). By integrating automated market makers (AMM) into non-fungible tokens trading, traders no longer have to wait to find intending buyers before getting liquidity.

Its decentralized marketplace has grown exponentially since it landed and took the market by storm. According to blockchain analytics firm Nansen, the protocol has a year-to-date volume of 39.1k ETH, with more than 3.35K ETH transacted in the 30 days to 12 December. What has made the protocol such a success?

## What is Sudoswap?

It is a decentralized exchange (DEX) protocol that allows users to swap NFTs for liquidity on the Ethereum blockchain. While the protocol went live in May 2022, its launch of the NFT automated market maker (AMM) protocol in July was the game changer.

With the AMM, users can trade Sudoswap non-fungible tokens into a liquidity pool (buy-only, sell-only, or buy-and-sell pools) and receive Ethereum quickly. Generally, you deposit NFTs or ETH into your pool. 

Instead of listing different non-fungible token collections, you select the right collection to trade and choose your floor price, bonding curve, and delta (which adjusts the NFT price depending on sales or purchases).

## What is the SUDO token?

The SUDO token is the governance token of the protocol's ecosystem. With an initial supply of 60 million, SUDO is not transferable. The SUDO airdrop began in September, with the lion's share of 41.9% going to XMON holders. 

Treasury allocations take up another 25.1%, while initial team members and SudoRandom labs take 15% each. Oxman holders and Retroactive LP airdrops take the remaining tokens.

## How it differs from other NFT marketplaces

There's always liquidity in the pool for specific Sudoswap NFT collections, and traders don’t have to wait for a buyer before getting liquidity. 

Sometimes, this may mean getting a less-than-ideal price for your asset. As long as your NFT is not super-rare or high-priced, that should not be a challenge.

Apart from increased instant liquidity, the decentralized marketplace also eliminates intermediaries who may choose whether or not to accept your [NFT collection](/news/article/nft-collaborations). The protocol may as well be the poster boy for decentralized marketplaces.

Additionally, it eliminates the payment of royalties to NFT creators on secondary sales, unlike OpenSea. On OpenSea, NFT creators may get as much as 5% in perpetuity every time an NFT sale occurs. However, with the decentralized protocol, all earned fees belong to the Sudoswap NFT owners and traders who choose the trading pools and set their prices.

Sudoswap fees are low, making it more attractive than its counterparts. For example, while OpenSea charges 2.5% and LooksRare charges 2%, Sudoswap fees are just a 0.5% fee on trades. The transaction fee is remitted to the Treasury for the development of the ecosystem. Again, you can lower your gas fees when you trade in bulk and reduce costs further.

## Conclusion

[Technavio](https://finance.yahoo.com/news/non-fungible-token-nft-market-153000067.html#:~:text=The%20increasing%20demand%20for%20digital,market%20during%20the%20forecast%20period.) estimates that the non-fungible token market worldwide will grow by $113.9 million between 2022 and 2027 at a CAGR of 35%. That suggests significant potential. Anyone looking to take advantage of that by trading NFTs may as well enjoy low Sudoswap fees and instant liquidity as extras.


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