On July 13th, a US Judge decided that XRP, the native token of Ripple’s blockchain, is not a security. So, XRP boosted its price almost to $1, and the rest of the coins also grew.
In this article, you will discover the 3 cryptos that are having the best performance in the last 24 hours.
1) Stellar (XLM)
Stellar, created in 2014 by Jed McCaleb, is a decentralized open-source blockchain platform designed to facilitate fast, low-cost cross-border transactions. The network’s native cryptocurrency, XLM, plays a vital role in facilitating these transactions and acts as a bridge currency, connecting different fiat currencies.
State bloat is a problem that plagues smart contracting platforms. Soroban has a fix. https://t.co/uSg9k2gGK1
— Stellar (@StellarOrg) July 13, 2023
Stellar operates through a consensus protocol called the Stellar Consensus Protocol (SCP), which enables decentralized validation of transactions. This consensus mechanism ensures the security and integrity of the network while allowing for quick settlement times. The platform’s primary focus is on financial inclusion, enabling seamless transactions for individuals and institutions in developing economies.
So, Stellar’s blockchain technology finds practical application in remittances, micropayments, and tokenizing assets such as real estate and stocks. By reducing intermediaries and transaction costs, Stellar aims to make financial services more accessible and efficient for all.
We talk a lot about how the Stellar network serves the “unbanked.”
Yet the question still remains: What circumstances lead to people becoming unbanked in the first place, and how can we level the playing field?#RampUpWithStellar https://t.co/oImLl2Cn8u
— Stellar (@StellarOrg) July 13, 2023
in recent months, Stellar has garnered attention for its partnerships and developments. For instance, the Stellar Development Foundation (SDF) collaborated with the Ukrainian government to create a digital currency infrastructure. Additionally, Stellar has been actively exploring decentralized finance (DeFi) solutions and announced its entry into the non-fungible token (NFT) space, showcasing its commitment to innovation.
In the last 24 hours, the price of XLM grew by 54.4%.
2) Solana (SOL)
Solana, launched in 2017 by Anatoly Yakovenko, is a high-performance blockchain platform focused on scalability and transaction speed. Unlike many other blockchains, Solana utilizes a unique architecture called Proof of History (PoH) combined with Proof of Stake (PoS), enabling a throughput of thousands of transactions per second.
Today, @MessariCrypto released their State of Solana Q2 2023 report, including key metrics, initiatives, and ecosystem developments over the last quarter.
📖Read: https://t.co/YKl7kfYhS7 pic.twitter.com/H2OPAS97ph
— Solana (@solana) July 12, 2023
With its native token, SOL, Solana provides developers with a robust ecosystem to build decentralized applications and projects. The platform’s scalability and low fees make it an attractive option for developers seeking to create high-throughput applications without compromising decentralization.
So, Solana’s primary use case lies in the creation and execution of decentralized applications, ranging from decentralized exchanges (DEXs) to gaming and NFT platforms. Its scalability and speed enable seamless user experiences and foster innovation within the crypto space.
1/ It’s time to meet the winners of @SolanaFndn’s NFT Showdown!https://t.co/tdHsAOwHgb
These five winners stood out from hundreds of submissions to win tickets to @SolanaConf and mentorship from Solana Foundation👇
— Solana (@solana) June 30, 2023
Finally, Solana has been making waves in the crypto community with its recent developments and partnerships. The platform experienced significant growth in 2021, attracting high-profile projects and investors. Moreover, Solana has been actively collaborating with other blockchains to promote interoperability, enabling seamless asset transfers across different networks.
In the last 24 hours, the price of SOL grew by 33.4%.
3) Lido DAO (LDO)
Lido DAO, short for Decentralized Autonomous Organization, is a community-driven platform that enables users to stake their digital assets. Also, users can earn staking rewards. Launched in 2020, Lido focuses primarily on staking Ethereum (ETH) and other cryptocurrencies. It provides users with liquidity while maintaining the benefits of staking.
Following a successful on-chain vote, Lido V2 is officially here.https://t.co/36EmuagToD
— Lido (@LidoFinance) May 15, 2023
Lido utilizes smart contracts and a decentralized network of nodes to facilitate the staking process. Users can deposit their staked assets into the Lido protocol and receive a liquid representation of their stake, known as stETH. This fluid representation enables users to trade or utilize their staked assets without waiting for the staking period to end.
So, Lido DAO allows users to participate in staking and earn rewards without sacrificing the liquidity of their assets. It appeals to individuals and institutions seeking passive income opportunities within the crypto space.
Earn trading fees & $RAY rewards on these highlighted @LidoFinance and @wormholecrypto LST and stable pairs:
Lido stSOL:
•stSOL-SOL, 2,000 RAY/week
•stSOL-wETH, 1,000 RAY/week
•stSOL-mSOL, 1,000 RAY/weekLido wstETH:
•wETH-wstETH 1,000 RAY/week pic.twitter.com/ffNvCqCDp4— Raydium (@RaydiumProtocol) July 12, 2023
Also, Lido DAO has gained significant traction in the DeFi ecosystem, attracting many users and partnerships. In recent months, Lido expanded its offerings beyond Ethereum, adding support for other staking assets such as Terra (LUNA) and Polygon (MATIC). This expansion reflects Lido’s commitment to diversifying its offerings and catering to the evolving needs of the crypto community.
In the last 24 hours, the price of LDO grew by 25.3%.
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