Author: Revc, Golden Finance
Recently, the price of XRP surged to $2.84, with a market cap exceeding $146 billion, making it the third-largest cryptocurrency in the world. This phenomenon is primarily driven by the following factors:
New product layout: Ripple actively launches ETFs and stablecoins to attract more institutional investors.
Expectations of favorable policies: the new U.S. government will adopt friendlier cryptocurrency regulatory policies.
Market capital inflow: whale accounts are active, driving market sentiment high.
As XRP drives market sentiment, related concept projects such as AVAX, LINK, ONDO, and HBAR recorded an average increase of over 30%. With ongoing policies, the market expects Wall Street capital to prefer blockchain infrastructure that is stable and corporately operated, to facilitate the entry of real-world assets (RWA) and stablecoin capital.
Avalanche - AVAX
AVAX recorded a 22.86% increase in the past 7 days, with a nearly 100% growth in 24-hour trading volume. Emin Gün Sirer, founder and CEO of Ava Labs, revealed on the X platform in response to community questions that Avalanche (AVAX) is discussing with the incoming new U.S. government. He stated that the team would not boast about political relationships with the government on social media but would instead showcase results 'in the complete Avalanche style' and suggested the community to 'plan accordingly.'
Avalanche (AVAX) is a blockchain platform focused on supporting the creation of decentralized applications (dApps) and custom blockchain networks, featuring high scalability, fast processing speeds, and strong interoperability. The platform uses a unique consensus protocol called the Snowman Consensus Protocol and operates under a Proof of Stake (PoS) framework. The Avalanche platform consists of three main blockchains:
X-Chain: for asset creation and exchange.
C-Chain: supports smart contracts and is compatible with the Ethereum Virtual Machine (EVM).
P-Chain: used for coordinating validators and subnet management.
Recent progress of Avalanche
1. Avalanche 9000 Upgrade
The cost of launching Layer 1 blockchains (L1) has decreased by 99.9%.
Gas fees on the C-Chain have decreased by 96%.
Enhanced interoperability across chains.
This upgrade has been launched on the Fuji testnet and is planned for deployment on the mainnet, providing developers with a more simplified custom blockchain creation process.
2. Community and ecosystem growth
Community activity on Avalanche has significantly increased and its infrastructure and dApp ecosystem have been strengthened through collaboration with Amazon Web Services (AWS).
3. Avalanche Rush and DeFi Expansion
The Avalanche Rush project provides incentives for DeFi protocols such as Aave and Curve. Despite initial complaints about low APY, this project has significantly increased liquidity and user base, driving the expansion of the entire ecosystem.
Chainlink - LINK
LINK recorded a 44.8% increase in the past 7 days, with 24-hour trading volume rising nearly 757%. Recently, the Trump family's crypto project World Liberty Financial (WLFI) announced it will adopt Chainlink as the standard solution for on-chain data and cross-chain interoperability. The protocol plans to first integrate Chainlink oracles on the Ethereum mainnet to provide price feed support and assist with the upcoming Aave v3 lending protocol. WLFI will connect to the Chainlink ecosystem, which currently supports over $16 trillion in transaction volume. With Chainlink oracles, the WLFI protocol will be able to access reliable financial market data, supporting the launch of various assets such as USDC, USDT, ETH, and WBTC.
Chainlink is a decentralized oracle network designed to enhance the capabilities of blockchain applications by securely connecting smart contracts to real-world data and external APIs. It enables blockchain smart contracts to interact with external systems and serves as a crucial infrastructure for the real-world asset (RWA) sector. Chainlink's native token LINK is used to pay node operators for data retrieval and provision, ensuring the economic sustainability of the network.
Chainlink's technology is continuously expanding and has been successfully integrated into multiple blockchain platforms, including Ethereum, Arbitrum, Avalanche, Base, Optimism, and Solana. Numerous projects utilize Chainlink for price information, cross-chain interoperability, and other services. Recently, Chainlink announced partnerships with financial institutions such as ANZ, Swift, and UBS, and launched Chainlink Economics 2.0 to support network sustainability, while also introducing Chainlink Scale to help improve the efficiency of the blockchain ecosystem.
Chainlink recently announced the launch of CCIP Private Transactions, supported by the newly released Chainlink Blockchain Privacy Manager. This privacy feature will help financial institutions ensure confidentiality, integrity, and compliance of data when transacting across blockchain networks. Additionally, Chainlink is collaborating with EU company 21X to promote the launch of a tokenized asset settlement system, providing reliable pricing for financial data and on-chain event data connections. The Central Bank of Brazil (BancoCentralBR) has also chosen Chainlink standards for the secure settlement of its Drex project to ensure safe operations across different domains, blockchains, and currencies.
ONDO
ONDO recorded a 75.65% increase in the past 7 days, with 24-hour trading volume growing nearly 291%. Ondo Finance is a protocol dedicated to tokenizing traditional financial assets (TradFi) and bringing them onto the blockchain. Through tokenization, it offers on-chain financial products aimed at democratizing access for more investors. Ondo's native token ONDO plays a key role in governance, staking, and ecosystem incentives.
Ondo has made significant progress in tokenizing U.S. government bonds, launching products such as OUSG (U.S. Government Bond Fund) and USDY (Yield Stablecoin), attracting wide attention. At the same time, Ondo has successfully completed FinCEN registration, further enhancing its compliance. Through technical integration with Polyhedra Network and LayerZero, Ondo has also achieved cross-chain interoperability. Furthermore, Ondo's partnership with PayPal USD (PYUSD) provides 24/7 exchange capabilities.
Hedera - HBAR
HBAR recorded a 163.12% increase in the past 7 days, with a nearly 95% growth in 24-hour trading volume.
Hedera played a core role in the project of BlackRock, one of the world's largest asset management companies, achieving the tokenization of money market funds (MMF) through collaboration. The project united several key partners, including:
Archax: provides trading and custody services.
Ownera: supports underwriting and compliance in the tokenization process.
HBAR Foundation: provides technical and financial support.
In this collaboration, Hedera utilized its blockchain technology to achieve a ledger record for tokenized assets, ensuring data transparency and security. Tokenization has made trading traditional assets more flexible and efficient, simplifying the purchasing and redemption process.
Hedera uses the Hashgraph consensus algorithm based on a directed acyclic graph (DAG), which has the following significant features:
High efficiency: capable of processing thousands of transactions per second with very low latency.
Controllable nodes: led by enterprise nodes, meeting high demands for stability and consistency from businesses.
Semi-centralized: Compared to completely decentralized public chains, Hedera is more suitable for enterprise-level application scenarios.
This design makes Hedera particularly suitable for financial institutions like BlackRock, providing strong support for the issuance and trading of tokenized assets.
Summary
The recent recovery of the cryptocurrency market has benefited from favorable policies and technological innovations. The strong performance of XRP has driven the rise of related concept projects, especially AVAX, LINK, and HBAR, which have solidified their market positions through ecological cooperation, tokenized asset applications, and technological advancements. In the future, the RWA and DeFi stablecoin sector will become a core area of deep integration between the crypto industry and traditional finance.
