Author: Revc, Golden Finance
Recently, the price of XRP surged to $2.84, with a market capitalization exceeding $146 billion, making it the third largest cryptocurrency asset globally. This phenomenon is mainly driven by the following factors:
New product layout: Ripple is actively launching ETFs and stablecoins to attract more institutional investors.
Policy expectations: The new US government will adopt a more favorable regulatory policy for cryptocurrency.
Market inflow: Whale accounts are active, driving market sentiment high.
With XRP driving market sentiment, related concept projects such as AVAX, LINK, ONDO, and HBAR recorded an average increase of over 30%. As policies continue, the market expects Wall Street capital to be more inclined to choose blockchain infrastructure that is stable and corporate-operated to enable 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% rise in 24-hour trading volume. Emin Gün Sirer, founder and CEO of Ava Labs, revealed in response to community user questions on X platform that Avalanche (AVAX) is in discussions with the soon-to-be-installed new US government. He stated that the team would not boast about political relationships with the government on social media but would showcase results in a 'fully Avalanche style' and suggested that the community 'plan accordingly.'
Avalanche (AVAX) is a blockchain platform focused on supporting the creation of decentralized applications (dApps) and custom blockchain networks, characterized by high scalability, fast processing speeds, and strong interoperability. The platform employs a unique consensus protocol, the Snowman Consensus Protocol, operating under a Proof of Stake (PoS) framework. The Avalanche platform consists of the following 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 to coordinate validators and subnet management.
Recent progress of Avalanche
1. Avalanche9000 upgrade
- Reduced costs of launching Layer 1 blockchains (L1) by 99.9%.
- Gas fees on C-Chain reduced by 96%.
- Enhanced inter-chain interoperability.
This upgrade has been launched on the Fuji testnet and is planned to be deployed to the mainnet, providing developers with a simpler process for creating custom blockchains.
2. Community and ecosystem growth
Avalanche's community activities have significantly increased and strengthened its infrastructure and dApp ecosystem through cooperation 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 of low APY, the project 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 a nearly 757% rise in 24-hour trading volume. Recently, the Trump family’s cryptocurrency 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 integrate Chainlink oracles on the Ethereum mainnet first 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 Chainlink oracles, the WLFI protocol will be able to access reliable financial market data to support 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 with real-world data and external APIs. It enables blockchain smart contracts to interact with external systems and serves as a vital infrastructure for the real-world asset (RWA) sector. Chainlink's native token LINK is used to pay node operators for data retrieval and provision fees, ensuring the economic sustainability of the network.
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, launching Chainlink Economics 2.0 to support network sustainability while introducing Chainlink Scale to help blockchain ecosystems enhance efficiency.
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 secure settlement of its Drex project, ensuring secure operations across borders, blockchains, and currencies.
ONDO
ONDO recorded a 44.8% increase in the past 7 days, with a nearly 291% growth in 24-hour trading volume. Ondo Finance is a protocol dedicated to tokenizing traditional financial assets (TradFi) and integrating blockchain technology. Through tokenization, it provides on-chain financial products aimed at more investors. Ondo's native token ONDO plays a crucial role in governance, staking, and ecological incentives.
Ondo has made significant progress in tokenizing US Treasury bonds, launching products such as OUSG (US Government Bond Fund) and USDY (Yield Stablecoin), which have received widespread attention. Meanwhile, 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. Additionally, Ondo's collaboration with PayPal USD (PYUSD) offers 24/7 exchange functionality.
Hedera - HBAR
HBAR recorded a 163.12% increase in the past 7 days, with a nearly 95% growth in 24-hour trading volume.
Hedera plays a core role in one of the world's largest asset management companies, BlackRock, by enabling the tokenization of money market funds (MMF). This project brings together several key partners, including:
Archax: Provides trading and custody services.
Ownera: Supports underwriting and compliance during the tokenization process.
HBAR Foundation: Provides technical and financial support.
In this collaboration, Hedera utilizes its blockchain technology to achieve ledger records of tokenized assets, ensuring data transparency and security. Tokenization allows for more flexible and efficient trading of traditional assets and simplifies the purchasing and redemption processes.
Hedera employs a directed acyclic graph (DAG)-based Hashgraph consensus algorithm, which has the following notable features:
High efficiency: able to process thousands of transactions per second with extremely low latency.
Controlled nodes: Led by enterprise nodes, meeting high requirements for stability and consistency.
Partially decentralized: 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 is attributed to the boost 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 consolidated their market positions through ecological cooperation, tokenized asset applications, and technological advancements. In the future, RWA and DeFi stablecoin sectors will become key areas for in-depth integration between the cryptocurrency industry and traditional finance.
