Altcoins

On July 12, 2023, following its financing announcement, EthenaLabs reignited the enthusiasm for DeFi by creating a digital currency pegged to the dollar using LST (stETH). This article will analyze its fundamentals and revenue sources.

The Threshold Signature Scheme (TSS) is a cryptographic protocol that provides a more secure and efficient way to authorize transactions than other key management systems like multi-sig. It distributes the private key generation and signing process among multiple parties so that no single party has access to the entire key. This makes it more secure against hacking and internal compromises. Additionally, TSS transactions are smaller and cheaper to verify than multi-sig transactions.

Elastic supply tokens are a new and growing sector of DeFi. They are tokens whose total supply automatically adjusts to try to maintain a target price. This is done through a process called rebasing, which can be profitable but also risky. Ampleforth is the largest and most established elastic supply token project, but there are many others, including RMPL, YAM, REB, and BASED.

XAI Games introduces a tailor-made blockchain solution for gamers. Developed by Offchain Labs using Arbitrum technology, it simplifies the overall gaming experience, in-game item ownership, and trading. The XAI token plays a pivotal role, in facilitating transactions and incentivizing node operators.

This article explores the impact of meme coins as catalysts within the crypto community.

Real World Assets, RWA Lending, RWA Tokenization, Decentralization

Assemble Protocol (ASM) is a blockchain-based platform enabling users to aggregate and spend reward points like a unified currency.

Marlin (POND) is a blockchain network protocol for faster, secure decentralized web operations.

Myria (MYRIA) is a Layer 2 blockchain platform focused on gaming and NFTs, offering scalability and efficiency on the Ethereum network.

GoMining offers digital Bitcoin hashrate ownership via NFTs on Ethereum/BNB and Bitcoin blockchains, eliminating physical mining infrastructure needs.

World Mobile Token (WMT) is a digital currency for the World Mobile network, aiming to connect the unconnected through blockchain technology.

Elastos (ELA) is a blockchain-powered internet platform aiming to create a secure, decentralized web where digital assets and data are protected.

Stella, a DeFi protocol, offers 0% cost-leveraged strategies and lending services to boost yields and DeFi usage on DEXes and money markets.

LimeWire uses blockchain technology to make exclusive content and assets ownable and tradeable, allowing fans to not only consume content but also to get rewarded for their active participation.

Wojak, a meme coin based on Wojak or the “Feels Guy” meme, is developing a decentralized network that connects people through the power of memes. The native token, WOJAK, facilitates several activities including buying, selling, and trading memes.