The club has summarized 6 popular projects that cannot be missed in recent times. Let’s take a look at what they are.
1.Frax Finance
Basic Information:
Twitter followers: 76,400
Number of top KOL followers: 266
Number of asset whales following: 126
Number of NFT whales following: 168
Introduction:
FRAX is the first stablecoin to combine the design principles of fully collateralized (like MakerDAO’s DAI) and fully algorithmic stablecoins to create a new class of scalable, trustless, stable on-chain currencies.
Recent developments:
It recently upgraded to V3 and established a relationship with Finers, divested its relationship with USDC, and at the same time supported users to purchase RWA assets such as U.S. Treasury bonds; it issued FXB, and token holders can purchase Frax at a discounted price.
2. Ivy
Basic Information:
Twitter followers: 303,800
Number of top KOL followers: 59
Number of asset whales following: 33
Number of NFT whales following: 69
Introduction:
Hedera Hashgraph is a cryptocurrency network. The platform aims to allow anyone to conduct transactions and deploy applications on it, with a group of companies helping to oversee the software. To achieve this, Hedera made significant design trade-offs that set it apart from other platforms.
Recent developments:
The Federal Reserve's payment infrastructure FedNow has added Dropp, a micropayment platform based on Hedera Hashgraph technology, as a service provider. This has led to a short-term rise in the Hedera token $HBAR, which had risen by 50% in the previous two months. As Hedera is closely related to the Federal Reserve and world finance, the subsequent performance of its token is worth paying attention to.
3.Merit Circle
Basic Information:
Twitter followers: 107,600
Number of top KOL followers: 133
Number of asset whales following: 66
Number of NFT whales following: 123
Introduction:
Merit Circle is a decentralized autonomous organization (DAO) whose mission is to maximize the accumulation of value in different games in the metaverse (commonly known as gold farming in China). Merit Circle is committed to creating a platform at the intersection of capital (investors), expertise (platforms and managers), and players (gamers).
Recent developments:
Merit Circle recently initiated a proposal to take out 75 million $MC from the treasury for the operation of Beam mainnet nodes and pairing with 200,000 USDC as LP. Most of these tokens will not circulate in the secondary market, which means that $MC still has a strong application space when the circulation has exceeded 70%, and the token price can be observed in the long term.
4.Tprotocol
Basic Information:
Twitter followers: 10,400
Number of top KOL followers: 28
Number of asset whales following: 14
Number of NFT whales following: 8
Introduction:
Tprotocol is a DeFi native protocol that uses T-Bill as the underlying asset, providing composable DeFi-on-chain T-Bill tokens to meet the demand for risk-free real returns in the DeFi ecosystem.
Recent developments:
Testnet testing incentives have been recently opened. As an RWA ecological protocol, it will be increasingly valued by the industry in the future. Currently, participating in testing activities can accumulate loyalty points.
5.Entangle Protocol
Basic Information:
Twitter followers: 48,800
Number of top KOL followers: 45
Number of asset whales following: 25
Number of NFT whales following: 19
Introduction:
Entangle Protocol is a universal liquidity layer that enables cross-chain synthetic derivatives, leveraging synthetic assets to provide liquidity and yield access while allowing users to borrow synthetic collateral in the native enUSD stablecoin.
Recent developments:
Together with Tenet, Entangle is known as the Cosmos LSD sector twin bears. Compared with Tenet’s emphasis on diversified LSD assets participating in the staking consensus, Entangle’s core focus is LP-LSD, that is, providing cross-chain LSD services for LP assets. Previously, Tenet’s tokens performed well after going online, with a secondary market return rate of 117% in one month. The same can be expected for Entangle.
6.Friend.tech
Basic Information:
Twitter followers: 55,500
Number of top KOL followers: 219
Number of asset whales following: 76
Number of NFT whale followers: 156
Introduction:
The core concept of Friend.tech is to create a closely connected social circle of creators and fans. Users can further deepen their interaction with specific creators by purchasing "shares" of specific creators.
Recent developments:
Backed by Coinbase and Twitter, Friend.tech has been very popular recently. Many KOLs on social media are using this product. You can try the product at this stage, and the possibility of issuing coins in the future is not ruled out.