While well-known cryptocurrencies dominate the headlines, there are hidden gems within the crypto space that possess tremendous potential for explosive growth.
In this article, we will explore three such hidden crypto gems that have been quietly making waves in the industry. We will delve into their unique features, use cases, and highlight their latest achievements, paving the way for future success.
1) Pokt
Pokt is a decentralized infrastructure protocol that aims to bridge the gap between blockchain platforms and traditional applications. It provides a framework for developers to connect their applications to multiple blockchains. It enables seamless interaction and access to decentralized services.
Amidst the ongoing Tug of War between Twitter and Zuck’s #Threads, the Pocket ecosystem, unfazed, continued its productive activities
Highlights from this week include:
đź“Š Revenue report on @tokenterminal
📉 DAO approved further inflation cuts
📣 New Head of Marketing👇 pic.twitter.com/WyEUGCoULf
— Pocket Network (@POKTnetwork) July 8, 2023
Its latest achievements have made significant strides in its development and partnerships. It successfully launched its mainnet, allowing developers to use its infrastructure protocol for their applications. Pokt has also secured partnerships with notable projects like Chainlink and Matic Network, enhancing its ecosystem and expanding its reach.
What’s better than 1M POKT burned? 🤔
2M!! That’s right, over 2M POKT have been burned since the collection of Gateway fees began.
In just this past week, a total of 273,917.73 POKT was collected and incinerated!🔥
Tx: https://t.co/TCG7i3gWrf pic.twitter.com/Ohdg66rM9t
— Pocket Network (@POKTnetwork) July 10, 2023
Also, Pokt’s infrastructure protocol enables developers to build applications that can seamlessly interact with multiple blockchains. This versatility opens up possibilities for decentralized finance (DeFi), gaming, and other blockchain-based applications. Ensuring a more inclusive and connected ecosystem.
2) Bifrost
Bifrost is a multichain middleware platform designed to enhance the interoperability and scalability of decentralized applications. It provides developers with tools and services to build applications that can run on different blockchain networks seamlessly.
On the eve of the mainnet launch, I decided to make an infographic for @BIFROSTio. It seems to me that it turned out quite beautifully and informative, but I will not dissemble, my new friend AI helped me a little with the design. đź‘€#bifrost #cryptocurrency #cryptoworld #Crypto pic.twitter.com/eNuVvZSp4e
— doodleooCrypto (@doodleoo3) January 27, 2023
So, Bifrost has achieved notable milestones, including the successful launch of its mainnet and the integration of several prominent blockchain networks such as Polkadot, Ethereum, and Binance Smart Chain. It has also partnered with various projects and platforms to foster interoperability and expand its ecosystem.
Bifrost Network will be working with KICA(Korea Information Certificate Authority), a member of DaouKiwoom Group, to co-create a Web3 KYC(Know Your Customer) infrastructure.
Read more here (Korean) https://t.co/6sTebxTtsb pic.twitter.com/00b1dHmqgh
— BIFROST (@Bifrost_Network) July 4, 2023
Finally, Bifrost’s middleware platform offers developers the ability to build applications that can interact with multiple blockchain networks without the need for complex integrations. This enables cross-chain DeFi, asset transfers, and other applications that require interoperability, fostering a more connected and efficient blockchain ecosystem.
3) Pendle
Pendle is a decentralized protocol that enables the creation and trading of tokenized yield from on-chain assets. It allows users to extract future yield from their existing tokenized assets and trade these yield tokens on the open market.
Pendle’s TVL has exceeded $130M, with @LidoFinance’s stETH pools making up 42% of this total.
Since the start of May, the stETH pools have grown by 167% in TVL, and remain the most actively traded yield asset with the highest volumes đź’§ pic.twitter.com/YBUWrU04AR
— Pendle (@pendle_fi) July 10, 2023
Pendle has made significant progress in the DeFi space, with the successful launch of its protocol and the introduction of various innovative features. It has garnered attention and support from the crypto community, securing partnerships with projects like Aave, Sushiswap, and Polygon.
Pendle will be paving the way for institutional investooors, providing the tools needed to properly manage their crypto yields.
The dawn of a new primitive is here – DeFi yield markets powered by Pendle, and we’re thrilled to welcome @imkenchia aboard for this journey 🌄 https://t.co/4WW1CbcIvJ
— Pendle (@pendle_fi) July 11, 2023
So, Pendle’s protocol offers users a way to access and trade future yields from tokenized assets. It provides opportunities for liquidity providers to lock their assets and earn future yield by creating and trading these tokens. Pendle’s platform enables the creation of a dynamic market for future yield, contributing to the growth of decentralized finance.
Conclusion
While the crypto market may seem saturated with well-known projects, hidden gems like Pokt, Bifrost, and Pendle are quietly positioning themselves for explosive growth. Pokt’s infrastructure protocol connects traditional applications with multiple blockchains, Bifrost enhances interoperability, and Pendle offers a unique protocol for tokenizing yield. With their latest achievements and partnerships, these projects demonstrate immense potential in their respective domains.
However, it’s essential to conduct thorough research and stay updated with the latest developments before making any investment decisions. As the crypto space continues to evolve, these hidden gems have the potential to shine bright and drive innovation in the industry.
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