Exploring new opportunities in the Ethereum ecosystem

Foreword: 🔔

Yesterday's sharp rise in Bitcoin and Ethereum brought new hope to the entire cryptocurrency market.

According to a series of news released by the U.S. Securities and Exchange Commission (SEC), the possibility of ETFs being passed has increased. These news have a particularly great impact on Ethereum, which has led to a sharp rise in ETH prices.

If the Ethereum ETF is approved, it will not only benefit Ethereum itself, but also some projects in the entire Ethereum ecosystem.

Entering the main text, this issue studies several projects worth paying attention to in the Ethereum ecosystem: 👇

1️⃣ Ethereum-collateralized stablecoins

Project: LBR & $ENA

Stablecoins, there are many ways to issue them. One of them is to use Ethereum as a collateral asset.

Ethereum is one of the most commonly used collateral assets. The project party uses the collateralized Ethereum to obtain liquidity income, which makes this stablecoin have a certain rate of return. In addition, the project party may also provide token incentives and dividends to increase the annualized rate of return.

Among them, LBR is one of the popular projects. This year, Binance's Launchpool project ENA is also based on a similar model, and ENA uses hedging derivatives positions to maintain the value of collateral assets. At present, the total locked value of ENA has reached 2.5 billion US dollars, and its circulating market value has reached 1.3 billion US dollars.

2️⃣Defi

Project: $PENDLE & UNI & COMP & MRK

DeFi (decentralized finance) may be one of the most familiar concepts. In the last round of digital currency bull market, DeFi was regarded as one of the largest innovation sectors, and its applications have penetrated the blockchain network.

The core projects of DeFi include UniSwap (uni), Compound (comp), Curve (crv), MakerDAO (mkr), etc., which represent decentralized exchanges (DEX), lending platforms, stablecoin transactions, stablecoin issuance and other functions.

Due to the maturity of the DeFi field, this round of market cycle is mainly upgraded on the basis of the previous one, and the new innovation is relatively low.

Pendle is a relatively novel and interesting project. It divides digital assets into principal and interest, which can be used to trade future earnings. Pendle has also been affected by the dual increase in locked value (TVL) and token prices in recent times.

3️⃣Layer2

Project: $OP & ARB & STRK

Layer2 is crucial in Ethereum (ETH)'s vision of becoming a global computer. Its mission is to support the prosperity of the Ethereum ecosystem by providing high TPS (transactions per second) and low GAS (gas fees).

● The advantage of the OP project lies in the super chain ecosystem it has formed, which has attracted a large number of excellent projects and capital.

● The ARB project has the highest TVL (total locked value) and the largest number of Dapps.

● STRK is a Layer2 based on zk technology.

PS: The above is a personal analysis. Please be sure to conduct sufficient research and evaluation before making any investment behavior. #DYOR。