Author: Revc, Golden Finance
Recently, the price of XRP surged to $2.84, with a market cap surpassing $146 billion, making it the third-largest crypto asset globally. This phenomenon is primarily driven by the following factors:
New product layout: Ripple is actively launching ETFs and stablecoins to attract more institutional investors.
Favorable policy expectations: The new U.S. government will adopt a more friendly regulatory approach to crypto.
Market capital inflow: Active whale accounts are driving strong market sentiment.
With XRP driving market sentiment, related concept projects such as AVAX, LINK, ONDO, and HBAR have recorded an average increase of over 30%. As policies continue to evolve, market expectations lean towards Wall Street capital preferring blockchain infrastructure that is stable and corporate-led, to facilitate the entry of real-world assets (RWA) and stablecoin capital.
Avalanche——AVAX
AVAX recorded a 22.86% increase over the past 7 days, with a nearly 100% increase in trading volume over 24 hours. Emin Gün Sirer, founder and CEO of Ava Labs, revealed in response to community questions on the X platform that Avalanche (AVAX) is in discussions with the new U.S. government set to take office. He stated that the team would not flaunt political relationships with the government on social media but would showcase results 'in the true Avalanche style' and advise 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 operates under a unique consensus protocol called Snowman Consensus Protocol within a proof-of-stake (PoS) framework. The Avalanche platform consists of three main blockchains:
X-Chain: Used 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 Developments in Avalanche
1. Avalanche9000 Upgrade
The cost of launching Layer 1 blockchains (L1) has been reduced by 99.9%.
Gas fees on the C-Chain have decreased by 96%.
Enhanced interoperability between chains.
This upgrade has been launched on the Fuji testnet and is planned for deployment to the mainnet, providing developers with a more straightforward custom blockchain creation process.
2. Community and ecosystem growth
Community activity on Avalanche has significantly increased, strengthening its infrastructure and dApp ecosystem through collaboration with Amazon Web Services (AWS).
3. Avalanche Rush and DeFi Expansion
The Avalanche Rush project provides incentive mechanisms for DeFi protocols (such as Aave and Curve). Despite initial complaints about low APY, this project has significantly enhanced liquidity and the user base, driving the expansion of the entire ecosystem.
Chainlink——LINK
LINK recorded a 44.8% increase over the past 7 days, with a nearly 757% rise in trading volume over 24 hours. Recently, the Trump family's crypto project, World Liberty Financial (WLFI), announced it would 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 the upcoming Aave v3 lending protocol. WLFI will connect to the Chainlink ecosystem, which currently supports over $16 trillion in transaction volume. With the help of Chainlink oracles, the WLFI protocol will be able to access reliable financial market data, supporting 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 with real-world data and external APIs. It enables blockchain smart contracts to interact with external systems and serves as a crucial infrastructure in the real-world asset (RWA) space. Chainlink's native token LINK is used to pay node operators for data retrieval and provision fees, ensuring the network’s economic sustainability.
Chainlink's technology continues to expand 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, alongside Chainlink Scale to help enhance 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 data confidentiality, integrity, and compliance when conducting transactions across blockchain networks. Additionally, Chainlink is collaborating with the EU company 21X to promote the launch of a tokenized asset settlement system, providing reliable pricing for financial data and connecting on-chain event data. The Central Bank of Brazil (BancoCentralBR) has also chosen Chainlink standards for the secure settlement of its Drex project, ensuring safe operations across borders, blockchains, and currencies in various domains.
ONDO
ONDO recorded a 75.65% increase over the past 7 days, with a nearly 291% growth in trading volume over 24 hours. Ondo Finance is a protocol dedicated to tokenizing traditional financial assets (TradFi) and introducing blockchain. Through tokenization, it provides on-chain financial products aimed at broadening 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 the tokenization of U.S. government bonds, launching products such as OUSG (U.S. Government Bond Fund) and USDY (Yield Stablecoin), which have received widespread attention. Meanwhile, Ondo has successfully completed FinCEN registration, further enhancing its compliance. Through technological integration with Polyhedra Network and LayerZero, Ondo has also achieved cross-chain interoperability. Additionally, Ondo's partnership with PayPal USD (PYUSD) provides 24/7 exchange capabilities.
Hedera——HBAR
HBAR recorded a 163.12% increase over the past 7 days, with a trading volume increase of nearly 95% over 24 hours.
Hedera played a core role in a project with one of the world's largest asset management companies, BlackRock, 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 the ledger record of tokenized assets, ensuring data transparency and security. Tokenization has made transactions of traditional assets more flexible and efficient, simplifying the purchase and redemption processes.
Hedera adopts a Hashgraph consensus algorithm based on a directed acyclic graph (DAG), which has the following notable characteristics:
High efficiency: capable of processing thousands of transactions per second with extremely low latency.
Controlled nodes: led by enterprise nodes, meeting high demands for stability and consistency from businesses.
Semi-centralized: Compared to fully 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 in the crypto market is attributed to favorable policy drivers and technological innovations. XRP's strong performance has propelled the rise of related concept projects, especially AVAX, LINK, and HBAR, which have consolidated their market position through ecosystem cooperation, tokenized asset applications, and technological advancements. In the future, the RWA and DeFi stablecoin sectors will become core areas for the deep integration of the crypto industry with traditional finance.
