Cryptocurrency projectsTop cryptocurrencies projects give new ways to yield good benefits in the digital ecosystem

The cryptocurrency market registered wild swings in the past two months. First, major cryptocurrencies like Bitcoin, Ethereum, and Dogecoin rose to hit new highs in October and November, only to go through a downward phase afterward. On the other hand, Shiba Inu came out of nowhere and managed to steal memecoin investors’ attention. However, the menace from central authorities and the fast-spreading Omicron variant are becoming a threat to the cryptocurrency sphere. Bitcoin, for the first time, slides below US$50,000 since March. Since digital assets are both risky and also highly profitable, crypto investors are having a second thought about adding virtual currencies to their investment portfolio. But we are not sure about what 2022 holds for the digital market. Therefore, IndustryWired has listed top potential cryptocurrency projects that could yield good benefits to investors.

Top Cryptocurrency Projects of 2022

 

Aave

Aave is an amazing platform that allows users to lend and borrow a wide range of digital tokens. Besides the normal transaction features, Aave has a special facility to allow peer-to-peer lending via smart contracts enabled by a crypto pool. Built on the Ethereum network, Aave relies on a series of algorithms to record the transactions. Similar to many other crypto exchanges, this platform also allows users to lend and borrow without being under the scanner of banks, brokers, and internediaties. By using Aave, consumers can get their hands on 26 different cryptocurrencies and also gain interest from them.

PancakeSwap

With over US$14 billion funds locked on the platform, PancakeSwap is one of the most-adopted decentralized exchanges in the world. Besides its transaction features, the platform is well-known for its participation in the NFT market. Founded by an anonymous developer, PancakeSwap has been serving the DeFi market for over a year now.

Ethereum

Ethereum is an amazing network that houses thousands of cryptocurrencies and advanced features in it. Ethereum is the world’s second-largest crypto network by market capitalization. Currently, the platform provides space to build decentralized applications (dApps), NFTs, smart contracts, etc. Besides, famous cryptocurrencies including Chainlink, Tether, USD Coin, and Binance Coin were also built in this network. The cryptocurrency market is waiting for Ethereum 2.0 to officially make its debut in 2022. The update aims to remove bottlenecks and scalability issues while bringing the long-awaited proof-of-stake (PoS) consensus mechanism to the blockchain.

Polkadot

With the sole purpose to make the development of new networks easier for developers, Polkadot has emerged as a ‘blockchain of blockchains’. The platform allows users to link new blockchains with the existing ones without relying on complicated protocols. The network enables the chains to be customized without compromising the underlying security and sagey. Besides, Polkadot is also leading the Web 3.0 revolution at the front.

 

The Graph

The Graph is an indexing protocol for querying networks like Ethereum and IPFS. Its easy accessibility and comfortable features help anybody to build and publish open APIs. The Graph is a decentralized protocol for querying and indexing data from blockchains that operates like Google indexes. It groups data into open APIs known as subgraphs. Besides, developers use The Graph to access data such as prices and user information.