Summary of currencies that have been lowered to 20 times in the bull market (2)
1.UMA
UMA Needless to say, the RWA series can directly benchmark SNX projects. He must be the prettiest guy recently, his ranking has increased from around 2 to around 7. Many friends in the group are adults who have doubled their rankings by 3-4 times. I actually wrote this project on October 18th. At that time, the currency price was 1.8 US dollars. I compared it with SNX and found that its market value is much lower than SNX. UMA is more focused on customized financial derivatives. SNX prefers standardized derivatives. In the traditional financial world, the scale of the customized OTC derivatives market will be larger than the scale of the standardized on-exchange derivatives market. So you see, I included it in our 100-fold series. Although it has increased three times and the overall market value has reached 380 million, there is still a three-fold gap between it and SNX's 980 million. In the current bull market, 10 billion is not a big problem. , that is, there is still 25 times the space.
2.Pendle
The Defi series of star projects that have emerged in this round of bear market, you must know in the currency circle whether they are speculating on the new rather than the old. Moreover, 100x projects have always appeared in previous bear markets. This project was also included in our 100x series special event. I talked about it in July last year. At that time, the currency price was only around 0.6. Now it has reached 2.2, which has also doubled. 4 times. At that time, it had actually doubled 10 times, but its growth rate was very fast. The market value at that time was only 80 million US dollars, but TVL had 140 million US dollars. Now the market value has reached 500 million US dollars, TVL is 500 million US dollars, and the ratio has reached 1:1. This ratio is actually a relatively normal ratio range. The recent rapid growth is also due to the recent launch of valuts with a yield of up to 30% (rsETH and eETH). It was originally a futures ETH platform that allowed people to buy ETH at a low price. It was a very good product, but it seems to have become A revenue platform. When I talked about it before, I also said that it is a model-a project with invincible product fundamentals. If it is based on the current growth rate, it will not be a problem to reach 5 billion, so at present, there is at least 10 times the space.
3.RDNT
Another project of our 100 times series special event, the cross-chain lending agreement based on LayerZero is currently the largest cross-chain lending agreement on the ARB chain, surpassing AAVE on the ARB chain. We talked about this project in August. At that time, the market value was US$80 million and the TVL was as high as US$500 million.The current market value is US$120 million and TVL is US$400 million. The currency price has not changed, and the market value has increased by 50%. This is because a large number of tokens were released some time ago, and almost 20% of the amount was unlocked, so the currency price has not increased. The downward bull market must be the explosive period of L2. ARB is the leader of L2. With the skyrocketing of ARB, the leading DEFI project on the chain will also skyrocket. At present, it is not a big problem to reach 2 billion, which is 15 times the space.
4.FXS
The full name of FXS is Frax finance, the first fractional algorithm stable currency protocol. It is a dual-currency system, with the stable currency FRAX and the protocol governance token FXS. It is very similar to Luna. Algorithmic stablecoins will appear in every bull market, which is also a battleground for military strategists. At least for now, there is no stable dynasty. There will be all kinds of loopholes. And this is actually an opportunity, because issuance of stablecoins is actually too profitable. Look at tether, which only issued 80 billion US dollars of USDT without doing anything. It earned 4 billion US dollars in interest in the bank for one year, so it is simply a profit-making model. The current market value of FRX is US$700 million, and we know that the market value of luna in the last bull market is US$60 billion, so FRX still has room for 80 times?
5.SSV
SSV, which stands for Secret Sharing Validator, is designed to solve the problems of centralized staking such as LIDO. Technology that allows multiple node operators to share private keys through distributed key generation DKG and multi-party secure computing MPC. When we talked about it, the market value was only about 100 million US dollars, and now it has reached 300 million US dollars, which has tripled. This is also a project with both technical and fundamental aspects. The difference from the decentralized staking RPL we talked about before is that RPL focuses on the staking service, while SSV focuses on this technology. At present, 100,000 Ethereums have been pledged, and TVL also has 250 million US dollars. This growth rate is also very fast. It is not impossible to increase to 500,000 Ethereums in the bull market. Counting the increase in value of Ethereum, there will be at least 10 times more. space.
6.CFX
Why do you say CFX? Because it is China’s first public chain and as a Chinese, we must support it. It is also the leader of the Hong Kong concept. When we talked about it, it was only a few US dollars. Then in February, Hong Kong allowed crypto trading, and CFX surged. This time it almost doubled by more than 10 times. The current market value has reached 900 million U.S. dollars. For a public chain, it does not have any ecology, which is actually quite bad, but there is no way it is domestic after all (everyone knows the domestic policies), and its greatest value at present is It is a spiritual symbol and the first public chain for Chinese people. If the blockchain becomes compliant in the future, then it will be equivalent to the role of Bitcoin in the blockchain, and that will be enough.
7.TAO
TAO is also a project we have talked about. Its full name is Bittensor. It is an open source protocol that provides support for decentralized, blockchain-based machine learning networks (Machine Learning). Bittensor is a peer-to-peer marketplace that rewards machine intelligence produced. Use a mixture of experts and knowledge distillation to build a peer-to-peer network that can stimulate knowledge production. The popularity of AIGC has actually driven the AI series of blockchain applications. When we talked about TAO, it was only a few dollars in July, and now it has risen to 350 dollars, a six-fold increase. The market value has also reached 2 billion US dollars. Some people may think that the market value is high, but the market value of AI-related projects is very high, because this field is inherently high-investment, because it is the latest technology, and even hundreds of billions are not seen. What problem.
