all41author Borroe aims to help Web3 businesses access funding quickly and discreetly by converting future income into NFTs.
As the crypto market matures, discerning investors are consistently on the lookout for promising altcoins to buy and capitalize on. Amid the booming sector of decentralized finance (DeFi), spotting new DeFi projects that showcase the potential for high returns becomes paramount.
Recent activities, such as Binance's considerable investment in CRV and the eye-catching performance of Borroe's $ROE, highlight the rapidly evolving landscape and the new opportunities it brings.
If there's a word to describe Borroe's $ROE recently, it would be 'meteoric.' With staggering projected gains of over 300%, $ROE is rapidly becoming the talk of the crypto town.
The native token of Borroe, a cutting-edge platform that leverages Web3 technology to tokenize future revenues into NFTs, the token's appeal is clear. The platform emerges as an AI-powered solution for businesses that face financial challenges in the Web3 industry – essentially unchartered grounds ripe for innovation.
The platform makes it easier than ever for Web3 businesses to access funding timely, discreetly, and safely by turning future income into NFTs. The application process does not only take mere minutes, but the firms can borrow funds via NFTs for periods ranging from 30 days to 12 months and get instant access to cash that can be used for investments, upgrades, marketing campaigns, and any other business needs.
For those on the hunt for new ICOs, $ROE stands as a beacon, illuminating the way forward for savvy investors. It offers a chance to be part of a project that is redefining traditional financing structures.
As Borroe makes strides, $ROE is increasingly seen as multiple opportunities to generate profits – from choosing the best NFT to buy right now on the platform to huge capital gains from the increasing popularity of the native token and even NFT trading opportunities. Its platform is at the intersection of DeFi, smart contracts, and AI, and it is on a trajectory to the stars.
At press time, $ROE tokens have already increased by 25% after successfully completing the beta stage. Currently in its first presale stage, over 40% of the allocated tokens have already been bought by early investors. By the end of all presale stages, the $ROE tokens are estimated to potentially generate 300% gains for early backers.
>>BUY $ROE TOKENS NOW<<
Curve holds the title of the most inclusive stableswap and ranks as the second-largest DEX. It has an impressive $2.4B total value locked (TVL) and witnesses a daily volume of about $215M. Its core function enables users and other decentralized protocols to seamlessly exchange ERC-20 tokens on its platform, offering low fees and minimal slippage.
The Curve DAO Token (CRV) isn't just another utility token; it stands as the heart of the Curve DeFi protocol, facilitating the exchange of stablecoins and various ERC-20 tokens. Additionally, it paves the way for staking and governance voting, further enhancing its potential.
In a move that has rippled through the crypto community, Binance Labs recently made a whopping $5M investment in Curve DAO Token (CRV). This strategic investment speaks volumes about Binance Labs' intent and belief in Curve's trajectory, cementing its desire to work alongside Curve.
The cryptocurrency realm continues to evolve at a rapid pace, with tokens like $ROE and CRV showcasing their robust potential. As $ROE reinforces its position as one of the best DeFi projects to keep an eye on, Binance's investment in CRV signifies a clear bullish sentiment for Curve's future.
For investors poised at the crossroads, deliberating on the best cryptos to buy now, $ROE certainly beckons with promise. With its ground-breaking model and the rapid growth it's displaying, seizing the opportunity to be part of the $ROE presale might be a choice worth making today.
Learn more about Borroe ($ROE) here:
Visit Borroe Presale | Join The Telegram Group | Follow Borroe on Twitter
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Aptos launched in the midst of a vicious cryptocurrency bear market, back in October 2022. However, wider blockchain headwinds do not seem to have stymied this competing Move-based layer-1 blockchain.
Aptos was originally founded in 2021 by co-founders Mo Shaikh and Avery Ching. Both Shaikh and Ching were part of Meta’s shuttered blockchain initiative, Novi, and brought a Meta-heavy team along with them in the founding of Aptos.
Aptos stands as one of the most well-backed blockchain ecosystems in the cryptocurrency landscape today. In total, Aptos has raised more than $400 million in private funding, across two funding rounds, all of which took place in 2022, according to Crunchbase.
Aptos’ investor list is impressive, featuring well-known names in both the Web2 and Web3 venture space, such as Tiger Global, a16z, PayPal Ventures, Multicoin, and Dragonfly Capital.
Fundamentally, Aptos is a smart contract layer-1 blockchain, that uses the Meta-born Move language for smart contracts construction. Aptos leverages the well-known Proof-of-Stake consensus mechanism for network validation, and places notable emphasis on network scalability.
Aptos scales using a method known as parallel execution, whereby transactions are processed in parallel, rather than in sequence, allowing for superior throughput and network ability to handle high volumes of traffic.
Aptos currently boasts a total value locked on the network of more than $50 million – $51.65 million at time of writing, according to data from DefiLlama.
Though such a value is still overshadowed by that of Ethereum, with current TVL of more than $22 billion, Aptos’ figure is not at all unimpressive for an ecosystem that is just ten months in age, nor for one that launched just a few weeks prior to the infamous collapse of the FTX exchange.
What’s more, at time of writing, Sui Network, perhaps Aptos’ most comparable competitor, is able to boast just $21 million.
It is worth noting also that Aptos’ TVL has held steady even through a turbulent period in the cryptocurrency markets that has seen such values diminish significantly across most all other blockchain ecosystems.
A glance at Aptos’ network explorer tool can lend some insight into the current state of the Aptos Network from an activity and growth point of view.
Over the month, Aptos’ transaction count has remained steady, typically registering between 400,000 and 700,000 transactions on the daily – figures that appear healthy for an early-stage network, garnering traction and development during a market downturn.
However, especially noteworthy are the days of August 10 and August which saw the network achieve around 1.5 million and 1.2 million transactions respectively. Given Ethereum daily transactions and their average of around 1 million transactions per day, Aptos’ achieving these levels, even sporadically, could be seen as an encouraging metric for the network.
What’s more, the number of new accounts being added to the network continues to grow, alongside other Aptos KPIs. Over the previous month, the Aptos Network has typically seen between 50,000 and 100,000 new accounts added per day.
The Aptos Ecosystem
According to the Aptos ecosystem pagehttps://aptosfoundation.org/ecosystem/projects/all, there are nearly 80 Aptos-specific projects building within the ecosystem. Below, we discuss just a small handful that are especially prominent within the network’s landscape.
Thala: Thala is an Aptos-specific decentralized finance application. The protocol is responsible for Move Dollar ($MOD), which is Aptos’ first and largest overcollateralized, decentralized stablecoin. However, it further introduced a swapping feature in ThalaSwap, in January 2023, inspired in part by Ethereum’s Curve Finance model.
Shortly after Aptos’ mainnet launch, Thala announced a $6 million funding round that saw investment from well-known VCs such as ParaFi Capital and Shima Capital.
What makes Thala especially noteworthy is its boasting of more than $20 million in total value locked. This makes it the single biggest contributor to Aptos’ own TVL of more than $50 million, according to data from DefiLlama
LiquidSwap: LiquidSwap is Aptos’ premier decentralized exchange/AMM. At time of writing, the DEX touts nearly $14 million in TVL, making it the second largest contributor to Aptos’ locked value.
As with Thala, LiquidSwap is backed by some of the biggest names in the space, boasting investors such as Mechanism Capital, Delphi Digital, and Animoca Brands on its cap table.
LiquidSwap has recorded a cumulative trading volume of nearly $130 million on its platform since launching in late 2022, shortly after the launch of the Aptos mainnet itself, according to data from DefiLlama.
Topaz: Topaz is the leading marketplace currently available for the sale and purchase of NFTs hosted on the Aptos Network.
Currently, Aptos Monkeys are the most-traded Aptos NFT collection, having recorded nearly 470,000 APT in cumulative trading volume (approx. $2.76 million ~ CoinMarketCap), with the Aptomingos collection coming in at second with just shy of 180,000 APT (approx. $1.06 million).
The primary purpose of Aptos’ native token, $APT, is for the paying of network gas fees, required to execute transactions on the Aptos blockchain.
However, as Aptos leverages a Proof-of-Stake consensus mechanism for validating transactions, would-be validators must hold and stake a certain amount of $APT tokens to participate in the running of the network and consequently earn rewards for doing so.
In addition, $APT constitutes a governance token for the network, allowing holders to participate in key decisions, proposals, and changes that will impact the ecosystem as a whole.
$APT launched alongside mainnet in October 2022 and, following a sharp decline ostensibly driven by the FTX-collapse and a wider market downturn, achieved all-time high price levels of around $18.81 in later January 2023. At that time, the market capitalization of $APT stood at a staggering $3 billion.
Since then, and perhaps compounded by recent turbulence in the cryptocurrency markets, $APT has fallen to a current price level of approximately $5.9. Its market capitalization currently stands at around $1.34 billion, and its circulating supply translates to a fully-diluted valuation of more than $6.2 billion, according to data from CoinMarketCap.
Building atop early momentum garnered by the Move-centric blockchain, Aptos has continued to procure and announce additional developments and partnerships. Below are just a few of their most recent.
Aptos x Microsoft: In August 2023, Aptos Labs announced that it had secured a partnership with Microsoft geared, in particular, toward building out and developing the overlap between blockchain technology and artificial intelligence.
The announcement declared plans to develop various products alongside the tech-giant including financial solutions and artificial intelligence tooling.
Web3 Gaming: In recent days, Aptos further announced a partnership with Web3-gaming platform, Intella X, and South-Korean game publisher NEOWIZ. The announcement typified Aptos’ attitude towards building out the blockchain gaming ecosystem, and reducing the barriers to entry therein.
Aptos x Outlier Ventures: Aptos has collaborated with well-known venture and accelerator fund, Outlier Ventures, and recently announced the participating projects from their joint Move-accelerator, designed to incubate and promote the growth of projects building with Aptos’ native Move programming language.
As with any project building in the wider cryptocurrency industry, Aptos’ growth has likely been blunted by adverse market conditions and sentiment, beginning with the collapse of FTX in late 2022, and more recently BTC’s dip below the $26,000 mark on August 18.
That said, and in spite of this, Aptos has seen an encouraging first 10 months in the blockchain ecosystem, and has witnessed impressive metrics, prices, and developments, throughout the period.
Its TVL is superior to that of comparable networks and its ecosystem of applications and activity continues to expand and mature. Complimented by a recent swathe of exciting developments and partnerships, Aptos may be considered primed for an exciting end to what has been a difficult 2023 for the industry at large.
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Buy Crypto with a bank transfer, credit or debit card, P2P exchange, and more. Not investment advice. All trading risk. Terms apply.
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Buy Crypto with a bank transfer, credit or debit card, P2P exchange, and more. Not investment advice. All trading risk. Terms apply.
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Buy Crypto with a bank transfer, credit or debit card, P2P exchange, and more. Not investment advice. All trading risk. Terms apply.
