Tag: Mina Protocol

  • Next Crypto to Explode: Top 12 Picks for 2026

    Next Crypto to Explode: Top 12 Picks for 2026

    Next Crypto to Explode: Top 10 Picks for 2023

    Forecasting which is the next cryptocurrency to explode is always a daunting task, as it is very challenging to predict how the market will behave in the rest of 2026 and the future. At the same time, the fact that a few projects have a much higher likelihood of performing exceptionally well compared to the rest remains almost undisputed.

    Which is the next cryptocurrency to explode in 2026?

    When trying to identify the next big crypto project and evaluating what crypto is going to explode next, it is important to consider several factors. Most important are the project’s fundamentals, such as the technology it uses, its potential use cases, and the team that stands behind it. However, one should not omit external factors such as regulation, market sentiment, and economic conditions from its analysis. 

    Taking all these factors into account, we have compiled a list of the 12 most promising blockchain projects that have the potential to explode in 2026:

    1. Kaspa – An Innovative layer 1 distributed ledger
    2. Sui – A revolutionary scalable smart-contract-enabled blockchain
    3. Filecoin – A decentralized blockchain-based file storage network
    4. Solana – A fast and low-cost blockchain for decentralized apps and finance
    5. Polygon – A leading layer 2 solution for faster and cheaper transactions
    6. XRP – An ISO 20022-compliant remittance-focused cryptocurrency
    7. Mina Protocol – A lightweight blockchain utilizing recursive zk-SNARKs
    8. Rocket Pool – A sophisticated decentralized Ethereum staking platform
    9. Cronos – A smart-contract-enabled blockchain environment by Crypto.com
    10. Shiba Inu – The second most popular meme-inspired cryptocurrency
    11. Toncoin – A blockchain project originally designed by the Telegram team
    12. Render Network – Decentralized network for GPU power

    As you can see, our selection consists of several established market leaders that still have a large room to grow, mixed with a few promising newcomers, whose native cryptocurrencies could be the next in line to go on a bull run. In the remainder of the article, we will explore the reasoning behind each crypto’s placing on our list of the next cryptos to explode in 2026.

    1. Kaspa – An Innovative layer 1 distributed ledger

    Kaspa is a Layer 1 cryptocurrency that takes a different technical approach compared to traditional blockchains by using a blockDAG (Directed Acyclic Graph) architecture instead of a linear chain of blocks. More specifically, Kaspa is built on GHOSTDAG, a protocol that allows multiple blocks to be created and confirmed in parallel rather than forcing them into a single chain.

    This unique design enables Kaspa to add new blocks extremely quickly, currently at a rate of one block per second, while maintaining high security and decentralization. Thanks to its architecture, the network can process transactions efficiently with minimal fees, even under higher network load. Kaspa is secured by proof of work and uses the k-HeavyHash algorithm, a modified version of Bitcoin’s SHA-256, making the network permissionless and open to anyone who wants to participate as a miner.

    Why could Kaspa be the next cryptocurrency to explode in 2026?

    Kaspa has already proven itself as one of the strongest-performing crypto assets in recent years. In 2024, it emerged as one of the most profitable cryptocurrencies to mine and gained roughly 59% against the US dollar in 2025. This strong performance highlights growing interest from both miners and long-term investors.

    Another major catalyst for Kaspa came when Marathon Digital, one of the largest cryptocurrency mining companies in the United States, announced the launch of its Kaspa mining operations. Marathon has invested heavily in Kaspa mining hardware, including Bitmain’s KS3, KS5, and KS5 Pro miners, and expects to control around 16% of Kaspa’s global hashrate once its full deployment is complete. The company cited Kaspa’s fair launch, advanced technology, and strong market position as key reasons for expanding beyond Bitcoin mining.

    That said, investors should also keep expectations realistic. Kaspa is no longer a low-cap project, with a market capitalization of around $1.2 billion, ranking it among the top crypto assets by market value. While this could limit the scale of future gains compared to smaller projects, Kaspa’s technology, mining adoption, and growing network activity still position it as a strong contender for further upside in the coming years.

    2. Sui – A revolutionary scalable smart-contract-enabled blockchain

    Sui is an emerging Layer 1 blockchain and smart contract platform that aims to make digital asset ownership fast, private, secure, and accessible to everyone. Similarly, to Aptos, the platform is based on the Move programming language. Sui enables parallel execution, sub-second finality, and the creation of rich on-chain assets. Due to the horizontal scalability of both processing power and storage, Sui will be able to support a wide range of applications at unrivaled speed and low cost. Sui was founded by former executives and lead developers of Meta’s Novi Research.

    Why could Sui be the next cryptocurrency to explode in 2026?

    Once fully deployed, Sui will provide a platform, on which creators and developers could easily build user-friendly applications. At the same time, Sui aims to solve the common pain points of first-generation blockchains, such as scalability issues and a lack of, or at least very expensive on-chain storage. This revolutionary up-and-rising blockchain could turn out to be the next disruptive project in the crypto space and even dethrone the established smart blockchains.

    In fact, SUI has already attracted a large number of cryptocurrency investors, who went on a spending spree as soon as SUI started trading on Binance. This caused SUI’s price to explode from its Launchpool price of just $0.10 to $1.84 just moments after the trading commenced. This indicates that at least part of the community may have already recognized SUI’s enormous potential.

    3. Filecoin – A decentralized blockchain-based file storage network

    Filecoin is a decentralized network that enables users to rent their unused hard drive space and receive FIL, the platform’s native cryptocurrency, in exchange. The project launched its highly anticipated mainnet on October 15, 2020, after having successfully raised $205 million through an ICO already back in 2017.

    To ensure secure and accurate data storage, Filecoin uses a proof-of-replication consensus mechanism. By incentivizing users to offer storage space, the platform established a decentralized data storage network, which provides a more affordable and efficient data storage alternative to centralized cloud storage providers.

    Why could Filecoin be the next cryptocurrency to explode in 2026?

    With the growing adoption of decentralized protocols and the increased demand for Web3 solutions, the need for decentralized storage is expected to rise. As already mentioned, Filecoin offers a file storage solution that is not only more cost-effective but also more reliable compared to its centralized counterparts – the cloud storage providers.

    These advantages position Filecoin as a big beneficiary of the transition to Web3 and a potential major player in the future of the crypto industry.

    4. Solana – A fast and low-cost blockchain for decentralized apps and finance

    Solana is a smart contract-enabled blockchain platform that prioritizes scalability. With an impressive throughput of 65,000 transactions per second and incredibly low transaction fees, Solana is viewed as a formidable competitor to Ethereum. It achieves such high efficiency through a novel proof-of-history consensus algorithm and timestamping system.

    Consequently, Solana is highly sought after by a variety of non-fungible token (NFT) projects and decentralized finance application developers. Solana’s significant financial backing from major investors such as Polychain and Andreessen Horowitz ensures ample resources for the future development of its ecosystem, further cementing its appeal to blockchain developers.

    Why could Solana be the next cryptocurrency to explode in 2026?

    Solana is one of the top high-performance smart blockchains in the world that can cater to the needs of hundreds of DeFi, NFT, and other projects. Interestingly, SOL currently trades at around $20, far from its ATH of $260 achieved in November 2021, despite the concurrent growth in Solana adoption. This leaves SOL a lot of space for potentially fast price growth.

    In addition, Solana is one of the most progressive blockchains when it comes to the integration of artificial intelligence (AI). The Solana developers recently integrated a special ChatGPT plug-in, which allows users to query on-chain data directly from ChatGPT. If Solana follows through on even more thorough AI integration, SOL could go a long way.

    5. Polygon – A leading layer 2 solution for faster and cheaper transactions

    Polygon, formerly known as Matic Network, is a leading layer 2 scaling solution for Ethereum that addresses the scalability limitations of the largest smart contract blockchain.

    Polygon uses multiple proof-of-stake sidechains and regularly pushes data to Ethereum to create network checkpoints, which allows it to achieve higher speeds, significantly higher throughput and, most importantly, lower fees. As a result, Polygon has become an attractive platform for developers of decentralized apps and has established itself as a leading player in the DeFi sector.

    Why could Polygon (MATIC) be the next cryptocurrency to explode in 2026?

    Polygon has emerged as the top Ethereum layer 2 solutions over the past few years. In addition, the project offers a variety of payment, non-fungible token (NFT), and DeFi-focused solutions. What is more, the project has lately been especially successful at securing partnerships with major global corporations, such as Disney, Reddit, Nubank, and others. Assuming that Polygon maintains its strong momentum from 2022, which is likely, MATIC’s price could easily climb higher.

    While some investors may be concerned that layer 2 solutions could become redundant as Ethereum’s scalability improves, Vitalik Buterin himself recently emphasized that they will continue to play a crucial part in the Ethereum ecosystem. To conclude, Polygon’s new partnerships, innovative features, and solutions to Ethereum’s scalability challenges are drawing attention from more and more established businesses, making Polygon a promising platform for future development and MATIC a potentially very lucrative investment.

    6. XRP – An ISO 20022-compliant remittance-focused cryptocurrency

    Ripple Network was launched in 2012 by Chris Larsen, Jed McCaleb, and Arthur Britto with an aim to facilitate fast and cost-effective cross-border payments and improve the traditional banking system. Ripple uses a unique Ripple Protocol consensus algorithm (RPCA) to validate transactions, which is not proof-of-work nor proof-of-stake but instead relies on a distributed agreement protocol to increase processing speed and efficiency. The Ripple Network is ISO 20022-compatible and, perhaps also due to this, well connected to the traditional payment systems.

    The blockchain’s native cryptocurrency is XRP, whose total supply is fixed at 100 billion coins. At launch, 80% of the XRP supply was given to the fintech firm Opencoin, now known as Ripple Labs. Ripple Labs still holds over half of the total XRP supply. Coins are mostly locked in escrow wallets, and a small portion of XRP is released each month.

    Why could XRP be the next cryptocurrency to explode in 2026?

    XRP has established a distinct role in the crypto ecosystem by focusing on fast and low-cost value transfers. This gives it a solid long-term use case, especially in areas where transaction speed and efficiency are critical. As global remittance volumes continue to rise, solutions like ODL could become more widely used by institutions looking to move funds across borders without relying on slow and costly traditional systems.

    The XRP Ledger has also demonstrated reliability and efficiency over more than a decade in operation. Its consensus mechanism sidesteps the energy demands associated with Proof-of-Work networks while still supporting a high volume of transactions. Ongoing partnerships with banks, payment providers, and financial services companies could further reinforce XRP’s position as blockchain adoption in payments expands. If these integrations keep growing, XRP could continue to stand out as a strong long-term cryptocurrency.

    7. Mina Protocol – A lightweight blockchain utilizing recursive zk-SNARKs

    Mina Protocol is a blockchain that prioritizes simplicity and accessibility. It is known for being the world’s lightest blockchain, with a network size of just 22 KB. The project was initially launched as Coda Protocol in 2017 but underwent a rebranding to Mina Protocol in October 2020.

    Unlike other blockchains that grow in size as adoption and traffic increase, Mina’s size is designed to remain constant. This unique feature allows for easy access and low system requirements for users interacting with the blockchain. Despite its ultra-small size, Mina maintains a secure and decentralized network using zero-knowledge proofs technology also known as zk-SNARKs.

    Why could Mina Protocol be the next cryptocurrency to explode in 2026?

    Mina Protocol has actually already exploded soon following its launch in the period between July and September 2021, when it saw a surge of over 500%. Nevertheless, most of its gains were erased during the 2022 bear market. Once the market sentiment shifts again, Mina Protocol has the potential to recover a significant portion of its losses.

    In addition, Mina’s size and low system requirements are the blockchain’s unique characteristics, which could come in handy if or when blockchain-based solutions break through to less-powerful electronic devices such as microchips on the Internet of Things (IoT).

    8. Rocket Pool – A sophisticated decentralized Ethereum staking platform

    Rocket Pool is a decentralized staking platform for Ethereum that enables users to participate in the staking process, even if they hold less than the required 32 ETH. With Rocket Pool, users can stake as little as 0.01 ETH. After staking ETH, users receive rETH, which is a tokenized staking deposit token. The amount of rETH on their account grows with time as staking rewards are also paid out in rETH. rETH can be swapped for ETH and vice versa at any given moment.

    The protocol also allows users to offer staking node services to the pool. Node operators can reach higher returns by participating in Rocket Pool than by staking solo but are required to monitor and maintain smooth uninterrupted operation of their staking node. The governance token for the protocol’s DAO is RPL, which also serves as incentives and insurance for the value behind rETH in the event of penalties or slashing.

    Why could Rocket Pool be the next cryptocurrency to explode in 2026?

    With the increasing demand for generating passive income with ETH through staking, services like Lido and centralized solutions offered by several centralized exchanges have gained popularity among crypto investors. If this trend continues, Rocket Pool, one of the leading decentralized Ethereum staking platforms, is expected to emerge as one of the best-performing crypto assets in 2026.

    9. Cronos – A smart-contract-enabled blockchain environment by Crypto.com

    Cronos is the leading Ethereum Virtual Machine (EVM)-compatible layer 1 blockchain network built on the Cosmos SDK. The blockchain is developed by Crypto.com cryptocurrency exchange and is designed to seamlessly interact with Ethereum-native decentralized applications (dApps).

    Cronos also aims to provide faster transactions and lower fees compared to the Ethereum mainnet. Cronos achieves this by utilizing a Proof of Authority consensus algorithm, which allows for faster block confirmations and higher throughput. Cronos’ native token is CRO. The token can be used for staking, governance, as a medium of exchange within the network, as well as to get benefits and discounts when using Crypto.com’s services.

    Why could Cronos be the next cryptocurrency to explode in 2026?

    Firstly, as an exchange-backed token, CRO price is not only related to the current traffic and use cases on the Cronos network but also to the benefits it can provide to Crypto.com users. Throughout the last few years, this has caused the CRO price to drop despite the Cronos ecosystem experiencing continued growth and expansion. As a result, CRO trades more than 93% below its ATH price today. This either means that CRO was overbought for the perks it provided in the past or that the token is significantly undervalued today. Whatever the case, CRO price could spike again if Crypto.com reintroduces some of the perks, which could happen in the next sustained bullish period.

    In addition, the Cronos community has recently proposed to decrease CRO’s inflation rate by implementing a burning mechanism. According to the proposal, 15% of fees in each transaction would be transferred to a community pool and then periodically burned as per the approval from the project’s governance community. This could significantly reduce the growth of CRO’s available supply and drive the price of CRO up in the long run.

    10. Shiba Inu – The second most popular meme-inspired cryptocurrency

    Shiba Inu (SHIB) is a blockchain platform that was launched in August 2020. It started as an “experiment in decentralized community building” but quickly gained attention due to its unprecedented market run. The project is managed by the pseudonymous Shytoshi Kusama, a volunteer project lead, and has a massive social media following known as the “Shib Army.”

    Throughout the years Shiba Inu has evolved from merely an experimental blockchain to a fully functional environment for various decentralized applications. The project’s ecosystem includes the native ShibaSwap decentralized exchange, SHIB Burning Portal, as well as several NFT and metaverse projects. The ecosystem is powered by a trio of tokens: SHIB, LEASH, and BONE. SHIB, the platform’s primary incentive token, is firmly positioned among the top 20 cryptocurrencies with the largest market capitalization.

    Why could Shiba Inu be the next cryptocurrency to explode in 2026?

    Shiba Inu (SHIB) has the potential to be the next crypto to explode due to several factors. Firstly, the upcoming launch of Shibarium, a layer 2 solution for the Shiba Inu blockchain, could lead to improved transaction speed and lower transaction costs. Additionally, the effect of SHIB burning could potentially decrease the circulating supply of the token, which may drive its price higher in the long term.

    It has to be noted that SHIB burning is a bit unpredictable as it doesn’t follow any fixed schedule or mechanism but rather represents the community members performing gamified tasks or sending their SHIB to a so-called “dead wallet” during burning events or parties. Nevertheless, the community seems very eager to destroy enough tokens to push the price of SHIB above 1 cent. With these developments, SHIB could see another massive market rally soon.

    11. Toncoin – A blockchain project originally designed by the Telegram team

    Toncoin is the native asset of TON Blockchain, a decentralized blockchain platform originally designed by the team behind the popular encrypted messaging app Telegram.

    TON Blockchain supports smart contracts functionality, and achieves consensus through Proof-of-Stake. However, we should mention that the project also implemented Proof-of-Work for a limited amount of time to determine the initial distribution of TON coins and ensure a fair and decentralized launch.

    Even though it started under Telegram’s wing, TON Blockchain transitioned to being developed by the community and is no longer officially affiliated with Telegram. Nevertheless, the Telegram app continues to roll out various integrations with Toncoin. For example, users can store, send and receive TON coins directly from the Telegram application.

    Why could Toncoin be the next cryptocurrency to explode in 2026?

    Toncoin continues to be closely integrated with the Telegram messenger, which has a massive userbase of around 950 million people worldwide. In 2024, we saw the rapid growth of Telegram mini apps such as Notcoin and Hamster Kombat, which provided a gamified way for users to engage with the TON Blockchain ecosystem and earn tokens as a reward.

    Recently, the TON Foundation announced a major partnership with Jupiter to create a new liquidity aggregator on the TON Blockchain. Jupiter is known for its impressive success on the Solana blockchain, where it enables efficient token swaps. With players such as Jupiter becoming involved with TON Blockchain, 2026 could be the year when TON Blockchain becomes a powerhouse in DeFi (decentralized finance).

    12. Render Network – Decentralized network for GPU power

    The Render Network is a decentralized platform that connects users in need of GPU rendering with those who have unused GPU capacity. The platform simplifies access to GPU rendering while enabling hardware owners to earn income from their computer’s idle resources.

    While Render Network is not specifically focused on AI, it plays a supportive role in meeting the growing demand for AI by providing GPU computing power, which is essential for technologies like ChatGPT. The platform already facilitates image generation using deep learning models such as Stable Diffusion.

    Initially, Render Network’s incentive system operated on the Ethereum blockchain. However, the project has since migrated its RENDER token to Solana, which has become the go-to platform for dePIN projects aiming to scale to larger user bases.

    Why could Render Network be the next cryptocurrency to explode in 2026?

    RENDER is a solid option if you’re expecting an altseason in 2026 since it covers two of the most hyped investment sectors at the moment – AI (artificial intelligence) and dePIN (decentralized physical infrastructure networks).

    Although the Render Network project is certainly more of a dePIN project than it is an AI project, RENDER has benefited significantly from generative artificial intelligence, as the network can harness computing power to generate images using deep learning models.

    Notably, Render Network has established a partnership with OTOY, Stability AI and Endeavor to create intellectual property and infrastructure for technologies powered by artificial intelligence. One of the key goals of the partnership is to optimize Stability AI’s models to operate on the Render Network.

    The bottom line – There are several crypto candidates that could see explosive growth in 2026

    As previously stated, successfully identifying what is the next crypto to explode requires thorough research and, admittedly, also quite some luck. Nevertheless, the 12 cryptocurrencies we have listed hold a relatively high potential for significant price increases in the rest of 2026. Furthermore, each of these cryptocurrencies has one or more distinctive features that set it apart from the rest of the crypto projects, which could bode very well for the project in certain situations.

    If you are, however, a long-term investor, who is not constantly on the search for the next big thing in crypto and you prefer HODLing, we recommend you read through our picks for the best cryptocurrencies to buy today for the long-term.

  • Mina Protocol Ranks #3 as the protocol is set to deploy several important updates in 2023 — Top 3 Coins to Watch for Dec 26 — Jan 1

    Mina Protocol Ranks #3 as the protocol is set to deploy several important updates in 2023 — Top 3 Coins to Watch for Dec 26 — Jan 1

    Mina Protocol Ranks #3 as the protocol is set to deploy several important updates in 2023 — Top 3 Coins to Watch for Dec 26 — Jan 1

    With no major events or market moves taking place last week, the cryptocurrency sector’s total market capitalization has remained rather stagnant, suffering only a minor decrease from $839 billion to $825 billion. It is very likely that we will see the same slightly bearish trend continue until the end of the year as we do not expect major market movements in the forthcoming holiday week. However, if you are looking for some profit in the last week of this year or just want to enter 2023 with a healthy and balanced portfolio, make sure to read this year’s last Top 3 Coins to Watch article!

    3. Mina Protocol (MINA)

    Mina Protocol is a simple blockchain, designed to minimize the system requirements needed to run a full node or interact with the blockchain. The Mina network is merely 22 KB in size, which is why it has been repeatedly dubbed the “lightest blockchain in the world”. 

    In addition, the blockchain size is designed to always stay at 22 KB and not gradually grow as adoption of Mina protocol increases. Despite its minuscule size, Mina maintains a balance between security and decentralization. To achieve that, Mina utilizes Zero-Knowledge Proofs technology (ZK Proofs). Mina started out as Coda Protocol in 2017 but was rebranded into Mina Protocol in October 2020.

    Mina Protocol reveals an ambitious Roadmap update featuring several big improvements in line for deployment in Q1 2023

    Mina Protocol has recently revealed an updated version of the project roadmap, which shows that the team is gearing up to deploy some important upgrades in the first half of 2023. The Mina governance community is going to vote on the proposal that suggest removing supercharged rewards in line with the initial tokenomics plan in the beginning of January. A vote regarding the reduction of the wallet creation fee will soon follow. In addition, the Mina protocol plans to finalize deploying zkBridge (a solution that will make zkApps accessible from Ethereum, and other EVM compatible chains) as well as launch zkOracles and deploy latest version of the On-Chain Voting system in the beginning of 2023. Nevertheless, out placement of Mina on #3 bases on more than just future developments. The project saw several ecosystem developments in the past couple of weeks including the integration of Mina with Ledger and its hardware wallets Nano X and Nano S, which allows MINA holders to securely store their tokens on Ledger devices. 

    Furthermore, the integration also allows MINA from cold storage devices to be staked while holders maintain full control of the wallet private keys, making MINA a perfect crypto for holders who also want to put their assets to work. Not to mention that MINA boasts with APYs above 10% for staking MINA as a validator or delegating MINA to existing validator nodes

    2. Avalanche (AVAX)

    Avalanche is a highly scalable open-source smart-contract enabled blockchain ecosystem. It relies on its own Proof-of-Stake consensus protocols called the Avalanche consensus protocol and the Snowman consensus protocol, which guarantee blockchain immutability while consuming minimal amount of energy at the same time. In addition, Avalanche ecosystem is also highly interoperable – for example Avalanche applications are compatible with Ethereum’s Solidity smart contract programming language and Ethereum-based tokens can be transferred to Avalanche blockchains via Avalanche Bridge. As such it is most often used for various DeFi applications and enterprise blockchain deployments. Every blockchain within Avalanche is part of a subnet, but validators can choose which subnets they want to participate in. Nevertheless, validators are required to be active on the Primary Network, which consists of three blockchains: the Platform chain or P-Chain, the Contract chain or C-Chain and the Exchange chain or X-Chain.

    Avalanche rolled out the Banff 5 upgrade

    On December 22, Avalanche rolled out the Banff 5 upgrade, which introduced Avalanche Warp Messaging (AWM), a feature that enables a fast and reliable communication between all Avalanche Subnets. According to the official Medium post, the first native Subnet-to-Subnet message has been sent soon after the upgrade deployment, on December 22 at 6:42:29 AM UTC (1:42:29 AM ET). The subnet blockchains that exchanged the message were called “let there” and “be messaging”.

    Due to this novel seamless native communications solution, assets or data can be transferred across different subnets. AWM utilizes a cryptographic tool called “BLS multi signatures” to verify messages and data on other subnets, which eliminates the need for the chains to constantly communicate and push data between each other. In addition, individual subnet projects will no longer have to deploy and manage their own bridges to communicate with other subnets. What is more, the feature could be extended to other chains in the future to support cross-chain communication and even cross-chain staking of tokens. The launch of AWM itself, as well as the potential future use cases of this feature, could cause AVAX to appreciate.

    1. BNB (BNB)

    Binance Coin (BNB) started out as an ERC-20 token sold through an initial coin offering (ICO) back in 2017. In April 2019, the Binance rolled-out its native Binance Chain and all the existing Binance Coin ERC-20 tokens were replaced with BNB, which became the native cryptocurrency of the new blockchain. As of today, Binance Chain is still almost completely centralized, with Binance having complete control of block management. Binance gives users who utilize BNB to pay for trading, withdrawal, and listing fees hefty discounts. While this used to be pretty much the only use case of BNB, the coin has a far greater utility now as it allows users to pay for gas fees, earn cashback on Binance Visa card purchases, stake BNB and participate in liquidity pools and other DeFi activities. BNB is also used to determine eligibility to participate in Initial Exchange Offerings (IEOs). Furthermore, the Binance ecosystem is continuously expanding, which means that new products and services are regularly added and many of them give BNB some new utility.

    BNB Chain became the largest Layer 1 blockchain network in terms of unique addresses

    The on-chain data shows that the BNB Chain experienced amazing growth in 2022. The network has witnessed a record-breaking number of transactions, surging as high as 9.8 million transactions in May 2022. In addition, Binance recently announced that the number of unique addresses on BNB Chain crossed 230 million, surpassing the number of addresses on Ethereum. If we judge by this metric, BNB is now the largest Layer 1 blockchain in the world. 

    BNB Chain has met numerous other developmental milestones in 2022. Alvin Kan, director of Growth & Ops at BNB Chain highlighted the launch of BNB Sidechain, zkBNB, Binance Oracle, and security initiatives such as AvengerDAO, among the most important features deployed 2022. A full list of BNB Chain’s milestones of 2022 can be found in this official blog post. Just last week, BNB has integrated with Wyre’s API stack, which gives developers access to Wyre’s entire API stack on BNB Chain as well as the ability to directly list BUSD and BNB. In addition, the BNB team has partnered with Fjord and Balancer to launch Liquidity Bootstrapping Pools (LBPs) on BNB Chain mainnet. If the development of BNB Chain, its features and integrations will continue at such high pace, BNB Chain and BNB have a bright future.

  • Axie Infinity is the #1 Coin to Watch for the Week of March 28 – April 3, 2022

    Axie Infinity is the #1 Coin to Watch for the Week of March 28 – April 3, 2022

    Coins to watch - Ocean, Mina, Axis Infinity

    The uptrend observed during Week 11 has continued throughout Week 12 as well, causing the total capitalization of the crypto market to further grow. While it stood at just $1.92 trillion at the beginning of last week, it has grown back above $2 trillion, to $2.07 trillion, to be exact, by the end of the week. Do you think that we are back on track to reclaim the $3 trillion crypto market valuation, or will the market cap soon drop below $2 trillion again? The fact is, nobody knows for sure, but by keeping an eye on one (or all) of our top 3 coins to watch, you can never do wrong.

    3. Ocean Protocol (OCEAN)

    Ocean Protocol is a blockchain-based ecosystem that enables people and organizations to effortlessly unlock the value of their data and monetize it using ERC-20 datatokens. Each datatoken, which represents a data service on Ocean Protocol, can be bought and sold on the Ocean Market. At the same time, the Singapore based non-profit foundation that develops the Ocean Protocol is aware of the risk posed by the massive centralization of data and shares the universal worry that a handful of organizations with both massive data assets and AI capabilities could endanger the free and open society that we (think we) live in today. Therefore, their aim is to offer a service that gives power back to data owners. In addition, the Ocean Protocol allows third parties who purchase a certain dataset to conduct operations on the data without it ever leaving the publisher’s safe enclave. This way the data storage remains decentralized.

    OCEAN rallies in anticipation of the Ocean v4 Upgrade

    After months of continuous downward price movement, OCEAN pulled a small rally last week. The OCEAN price initially surged from below $0.50 to $0.71, but then quickly settled at a lower value of around $0.60, where it still trades. The rally is likely a consequence of the growing anticipation of the Ocean v4 upgrade, which should be deployed to mainnet in Q2 2022. The v4 version of the protocol, which is currently in public testing, will introduce Data NFTs, data wallets, and federated learning to mention just a few novelties. In addition, data owners will have more control over fee rates, which were hardcoded in v3. V4 will also support pay-as-you-go, compute-to-data, and more innovative fee payment methods. As soon as Ocean v4 is fully operational, the team also plans to launch a Data Farming campaign to incentivize data providers to feed data into new datasets, or as the project developers like to say: “fill the Ocean”. In summary, Ocean Protocol Version 4 has the potential to disrupt the established data management systems by creating monetizable data funnels never seen before. The fact that the Ocean Protocol Foundation provides $140 million in developer grants should also help the project in securing a bright future. And since we are already mentioning the grants – the OceanDAO is currently accepting applications for the Round 16 of their grant program. Projects building or improving Ocean applications will split the 200,000 OCEAN available in this round.

    2. Mina Protocol (MINA)

    Mina Protocol is a simple blockchain, designed to minimize the system requirements needed to run a full node or interact with the blockchain. The Mina network is merely 22 KB in size, which is why it has been repeatedly dubbed the “lightest blockchain in the world”. 

    In addition, the blockchain size is designed to always stay at 22 KB and not gradually grow as the adoption of the Mina protocol increases. Despite its minuscule size, Mina maintains a balance between security and decentralization. To achieve that, Mina utilizes Zero-Knowledge Proofs technology (ZK Proofs). Mina started out as Coda Protocol in 2017 but was rebranded into Mina Protocol in October 2020.

    MINA price explodes following major venture capital inflows and Coinbase listing

    The Mina Ecosystem announced on March 17 that it has successfully raised $92 million through a private funding round led by FTX Ventures and Three Arrows Capital with participation from Brevan Howard hedge fund, Amber Group, Blockchain.com, Circle Ventures, Finality Capital Partners, Pantera, and others. The venture capital will be used to propel Mina Protocol to become the leading zero-knowledge platform within Web3. Mina Foundation CEO, Evan Shapiro, revealed that part of the fresh capital injection will be used to finance developer grants. He stated:

    “Our main goal right now is to give out grants to people who are doing effective work for Mina; this will help us do that much more effectively. We’ve given out more than a thousand grants so far to people who are running block producers, building tools, developers, and others that build community… this [funding] will help us like really double down and grow what we’re able to do.”

    Just a week after the competition of Mina’s funding round, the coin already began trading on the leading U.S. centralized exchange Coinbase. The funding round alone was very well received by investors, but the Coinbase listing provided an additional boost to the already ongoing MINA rally. In this two-step surge, MINA’s price increased by over 45%, from $1.79 on March 17 to $2.59 on March 27. Do you think Mina could once become the smallest blockchain with one of the biggest price tags?

    1. Axie Infinity (AXS)

    Axie Infinity is Pokémon-inspired blockchain-powered trading and battling video game. The game is developed by a Vietnamese gaming studio Sky Mavis and has netted more than $2 billion in NFT sales to date. Axie infinity players utilize Ethereum-issued tokens AXS and Small Love Potion (SLP) to breed, trade, and battle with their virtual creatures called Axies, each represented by a one-of-a-kind NFT. The growing userbase and protocol revenue has made Axie Infinity one of the most expensive NFTs collections.

    AXS spikes by 40% on the tailwind of ecosystem growth

    Axie Infinity native AXS token has earned a spot among the best-performing crypto assets last week as it entered a smaller bull run that pushed its price from $51 on March 23 to as high as $74 on March 25. While AXS price has since retraced to $66, the token still ended the week with a gain of almost 30%. Analysts attributed the positive price action of AXS to the growth of the broader AXS ecosystem, as both the number of players and AXS stakers are on the rise. According to Dune Analytics, the number of addresses interacting with Axie Infinity is fast approaching 210,000. At the same time, there are more than 25,000,000 AXS (worth around $1.7 billion) being staked in the Axie Infinity ecosystem. It is believed that both players and investors are amassing AXS in anticipation of the “Origin” update. Doing so they are essentially betting that the revolutionary update will improve the gaming experience and positively influence AXS price. But this could be a high-stakes game as a recent report from Delphi Digital, revealed that Origin will bring a “completely reimagined version of the popular Axie Battles game that everyone is familiar with.” The new version will reportedly feature completely new game mechanics and a redesigned storyline, both designed to improve the overall player experience. In addition, Origin will introduce free starter packs that will help attract new players to the game and make their first steps in the game a bit easier. As usual, the update will also bring new in-game items like runes and charms, used to power up players’ Axies. To add to the reasons that make AXS a top coin to watch, the Axie Infinity developers plan to release the game for iOS and Android devices in the first half of 2022 Axie Infinity is already among the leading blockchain gaming projects, but going mobile could further boost its userbase. The fact that blockchain-based gaming is still booming and that ”play to earn” is gaining popularity, leaves Axie Infinity plenty of space to grow its potential.