Original author: siixx
Since Trump's victory, the crypto market has been injected with powerful momentum, ushering in a remarkable bull market. The price of Bitcoin has soared, breaking through the $108,000 mark, up 126% from the peak of the previous bull market. Mainstream cryptocurrencies such as Ethereum have also risen, and the total market value has reached an unprecedented $7.5 trillion. This strong bull market has not only attracted the attention of many traditional investors, but also brought new vitality to various tracks in the crypto market. In this bull market full of opportunities, the following tracks and potential projects deserve close attention from investors and industry practitioners.
DeFi Track: New Rising Star in Lending Protocols Fluid
In the DeFi sector, this bull market has shown particularly rapid momentum, with total locked value experiencing explosive growth. As of December 18, it has reached $137 billion, up 65% from $83 billion on November 1, all within just 60 days. Among them, lending protocols, as one of the core applications of DeFi, are also rapidly expanding. For example, the leading lending protocol AAVE has reached a total locked value of $22 billion, growing by 73.36% in this bull market, while the emerging lending protocol Fluid has surpassed $1 billion in locked value in just 3 months.
Fluid is a lending protocol deployed on Ethereum, combining automated market making (AMM) to directly compete with Aave for market share. Its features include a dynamic interest rate mechanism and an innovative risk control model, which has been warmly welcomed by users since its inception, with a very positive community response and significant growth potential. Its innovations and advantages are as follows:
1. Innovative Liquidation Mechanism
Fluid utilizes a mechanism similar to Uniswap to categorize assets that users may be liquidated. When liquidation occurs, it is done on a large scale by targeting groups rather than liquidating individual assets one by one. This innovation allows users' liquidation lines to be approximately 5% higher than the leading AAVE, while reducing liquidation costs. For example, during significant market fluctuations, traditional lending protocols may trigger multiple liquidations due to price fluctuations of individual assets, while Fluid can manage risks more effectively, reducing unnecessary liquidation events and providing users with a more stable lending environment.
2. High Capital Efficiency
Users' assets (collateral) and debts (loans) on the Fluid platform can not only earn interest on loaned funds (like AAVE) but also receive transaction fee income (like Uniswap). This dual revenue model improves capital utilization efficiency, resulting in higher deposit interest and lower borrowing interest. Assuming a user deposits a certain amount of crypto assets as collateral and borrows, through Fluid's mechanism, their assets can earn loan interest while also participating in the distribution of transaction fees, thereby increasing the value of their assets.
3. Project Cooperation and Development Potential
AAVE has recognized the Fluid project through community voting to buy Fluid project tokens at a low price.
The experienced team of the old project instadapp has not issued tokens indiscriminately, and in the future, Fluid will launch a new token economy, which may allow the instadapp project token INST to convert to the Fluid project token at a 1:1 ratio, providing users with more value expectations.
Binance's web3 wallet recently collaborated with Fluid, increasing the likelihood of its tokens launching on Binance in the future and further enhancing the project's visibility and market potential.
Fluid is expected to fully benefit from the bull market dividends of the DeFi track. As more users and funds flow into the DeFi space, Fluid's innovative model will attract more lending demand, driving its business growth.
AI Track: Binance Boosts AI Application Mall myshell
The AI track has also performed excellently in this bull market. The fusion of AI concepts and crypto technology has spawned a series of innovative projects, attracting substantial investment. Over the past year, the total financing amount of AI-related crypto projects has reached 278.1 billion RMB, a year-on-year increase of 113%. Projects like myshell, as an AI application mall, have gained investment from well-known institutions like Binance, positioning them to occupy an important place in the wave of AI and blockchain integration.
Myshell is an AI application mall project that aggregates various AI applications, allowing users to purchase, use, and trade AI solutions, while developers can publish their own AI applications. The potential and highlights of the Myshell project are as follows:
1. Supporting Developers and AI Industry Development
As an AI application mall, myshell aims to break the monopoly of future AI giants, providing income opportunities for small and medium-sized developers and promoting the diversified development of the AI industry. Its platform gathers a variety of useful AI products covering different application fields, providing developers with a platform to showcase and profit, while also offering users a rich selection of AI applications.
2. Gaining Binance Support and Token Issuance Expectations
The project has received investment support from Binance, which provides strong funding and resource guarantees for its future development. Given Binance's influence in the crypto industry, myshell has a high likelihood of issuing tokens and launching on Binance in the future. Once launched, it will attract more users and funds to the platform, further driving the project's development. Additionally, there are relatively few high-quality AI agent projects on the BNB chain, making myshell likely to become a focus of Binance's support, enjoying more ecological resources and development opportunities.
3. Advantages of Web2 and Web3 Interaction
The myshell project excels in Web2 and Web3 interaction, lowering the barriers for users to enter the Web3 world. Users can more conveniently use AI applications, and the project's tokens will empower its ecosystem. Future airdrop plans also provide potential profit opportunities for early participants, attracting more user attention and involvement in the project.
Game + AI Track: L2 Soon Chain
The gaming track has been continuously gaining momentum in the first half of 2024. According to reports from market research institutions, the scale of the crypto gaming market has surged by 38.9% in Q2 this year, reaching $2.75 billion, thanks to the application of blockchain technology, which better guarantees the ownership and tradability of in-game assets, attracting many players to participate. Meanwhile, the SoonChain project seizes this trend by combining AI with Layer 2 technology, aiming to create a higher quality AI-powered gaming experience.
SoonChain is a Layer 2 public chain deployed on the Ethereum network, characterized by its dedication to optimizing the performance of decentralized applications (DApps) by combining smart contracts and AI technology, enhancing transaction throughput, reducing transaction costs, and improving user experience and functional innovation. The community holds a positive attitude towards it, especially looking forward to its breakthroughs in the gaming and AI fields. Specifically, there are the following three points:
1. L2 Public Chain Optimizing Transaction Experience
As an L2 public chain, SoonChain addresses the scalability issues of traditional blockchains, optimizing transaction costs and efficiency. In the AI-powered gaming scenario, this means that real-time transactions, asset transfers, and NFT transactions for complex games can be conducted quickly and cheaply. Players no longer have to endure high fees and lengthy confirmation times when trading items or transferring assets in the game, enhancing the fluidity of gameplay and user experience.
2. AI-Driven Game Development and Upgrades
SoonChain leverages AI technology to drive game development, greatly simplifying the game development process and reducing development costs. At the same time, during the later stages of game upgrades and adjustments, AI can quickly optimize and improve based on player behavior data and feedback, providing higher quality game content. For example, AI can automatically generate game scenes, character images, or quest plots, saving time and effort for game developers while maintaining the freshness and appeal of the game.
3. Decentralized Governance Combined with NFTs
The public chain token AIGG enables holders to participate in the decision-making process of AI game development, incentivizing players and creators to actively engage in the platform's ecological construction. Additionally, SoonChain combines AI with NFTs, which are common elements in gaming, allowing AI to quickly generate game-related items or peripheral NFTs and conduct rapid transactions on the public chain through AIGG. This not only enriches the economic ecology of the game but also provides players with more collection and investment opportunities.
Meme Launch Track: Multi-Chain Launch Platform Chain.fun
The Meme launch track is also highly competitive in this bull market, from pump.fun to Clanker, Meme coins, with their unique cultural attributes and virality, have attracted significant attention from investors and crypto enthusiasts, who are eager to find the next wealth-generating coin. Since the onset of the bull market, many new Meme coin projects have emerged amid capital influx and media hype by figures like Elon Musk, with trading activity continually rising; the daily trading volume of some popular Meme coins has even reached hundreds of millions of dollars. This explosive market performance reflects investors' pursuit of emerging and interesting crypto assets, as well as the powerful influence of Meme culture in the crypto space. Against this backdrop, the Chain.fun project emerges as an innovative force in the Meme track, worthy of our attention.
Chain.fun aims to help users easily initiate, create, and launch Meme coins across multiple blockchain networks such as Solana, Ethereum, BSC, Base, and Ton. The platform's goal is to provide a simple tool for the crypto community, helping users launch their own Meme coins at lower prices and engage in trading, investment, or entertainment by leveraging different blockchain technologies. Its features include:
1. Multi-Chain Cross-Chain Support
Chain.fun is renowned for its multi-chain cross-chain support, allowing users to choose the most suitable platform for launching their memecoin projects based on blockchain characteristics. Users can leverage the advantages of Solana's fast transactions, Ethereum's smart contract capabilities, and BSC's low costs to optimize transaction costs and speeds, thereby enhancing project competitiveness. Cross-chain technology further breaks the limitations of single chains, providing creators with more freedom and choices, enabling them to flexibly allocate resources and enhance the overall strength of their projects.
2. Social and Community Driven
Given that Meme coins inherently possess social-driven characteristics, Chain.fun places a high emphasis on leveraging social platforms and community power to promote their popularity. The platform encourages community members to actively participate in interactions, allowing creators to promote their coins through various means such as voting, promotion, and collaboration. This community-driven model not only enhances connections among users but also injects strong momentum into the dissemination and development of Meme coins.
3. Decentralization and Transparency
Upholding the decentralized philosophy of blockchain, Chain.fun allows anyone to participate in platform activities without intermediaries. At the same time, based on the transparent characteristics of blockchain, every transaction of Meme coins and its related data is publicly traceable. This ensures the fairness and credibility of transactions, creating a safe and reliable environment for users.
4. NFT and Collectible Value
In addition to the Meme coins themselves, the Chain.fun platform also has the potential to transform memes into NFTs, thus giving them unique collectible value. With NFT technology, Meme coins are no longer just an interesting digital currency but are likely to become digital assets with artistic value, further enriching users' investment and collection options.
Conclusion
In summary, under the current bullish environment of the crypto market, these four projects—Fluid, myshell, chain.fun, and SoonChain—each demonstrate unique advantages and tremendous development potential in the DeFi, AI, Meme launch, and AI and gaming tracks. Investors and industry practitioners can closely monitor the development of these projects to seize new opportunities in the crypto space. However, the crypto market carries a high degree of uncertainty and risk, and when participating in project investments or collaborations, one should thoroughly understand the project's technology, team, market, and other aspects before making prudent decisions.
