veDAO: 6 recent popular projects that you can’t miss
The weekly featured time span of this issue is from August 14th to August 20th, with a total of 6 items.
1.Frax Finance
Basic Information:
Twitter Followers: 76,400
Number of head KOL followers: 266
Number of asset giant whales following: 126
Number of NFT whale followers: 168
veDAO voting popularity: 12.8012 million votes
Introduction: FRAX is the first stablecoin to combine fully collateralized (like MakerDAOs DAI) and fully algorithmic stablecoin design principles to create a new scalable, trustless stable currency on the chain.
Recent developments: Recently upgraded V3, established a relationship with Finers, stripped off the relationship with USDC, and supported users to purchase RWA assets such as U.S. Treasury bonds; issued FXB, and token holders can purchase Frax at a discounted price.
Learn more:https://app.vedao.com/projects/5a5e68d92c54b77ed375f312ff9be113bdd2ea325a8cc7ac7e35ed6b694ba9fd
2.Hedera
Basic Information:
Twitter followers: 303,800
Number of top KOL followers: 59
Number of asset whale followers: 33
Number of NFT whale followers: 69
veDAO voting popularity: 1.6895 million votes
What it is: Hedera Hashgraph is a cryptocurrency network. The platform aims to make it possible for anyone to transact and deploy applications on it, with a group of businesses helping to oversee the software. To achieve this goal, Hedera made significant design trade-offs that set it apart from other platforms.
Recent developments: FedNow, the Federal Reserve’s payment infrastructure, has added Hedera Hashgraph-based micropayment platform Dropp as a service provider. This led to a short-term rise in the Hedera token $HBAR, and 2 months before that, the token had also risen by 50%. As Hedera, which is closely related to the Federal Reserve and world finance, the follow-up performance of its tokens deserves attention.
Learn more:https://app.vedao.com/projects/960fd9913532e8ea3204a6be79f0877dac3644444a0bf441155f95535e1552cb
3.Merit Circle
Basic Information:
Twitter Followers: 107,600
Number of top KOL followers: 133
Number of asset whale followers: 66
Number of NFT whale followers: 123
veDAO voting popularity: 1.5595 million votes
Introduction: Merit Circle is a decentralized autonomous organization (DAO), whose mission is to maximize value accumulation in different games in the Metaverse (also known as Dajin in China). Merit Circle is committed to creating a platform where capital (investors), expertise (platform and managers) and players (gamers) intersect.
Recent developments: Merit Circle recently launched a proposal, which is expected to take 75 million $MC from the treasury to be used for Beam main network node operations and paired with 20w USDC for LP. Most of these tokens will not be circulated to the secondary market, which means that when the circulation of $MC has exceeded 70%, the token still has a strong application space, and the price of the token can be watched for a long time.
Learn more: https://app.vedao.com/projects/24a6afcdb18c4b910f5fc5a52d8b275843aea9e2851ae4b64ad9a0faff246e86
4.Tprotocol
Basic Information:
Twitter followers: 10,400
Number of top KOL followers: 28
Number of asset whale followers: 14
Number of NFT whale followers: 8
veDAO voting popularity: 6.9403 million votes
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 needs of risk-free real returns in the DeFi ecosystem.
Recent developments: Recently, the test network test incentives have been opened. As an RWA ecological agreement, it will be more and more valued by the industry in the future. Participating in test activities can accumulate loyalty points.
Learn more:https://app.vedao.com/projects/d4d63029b382f206d6e9ee7a354ec06ac9d7630f4d61aba89b990dff8ce4a192
5.Entangle Protocol
Basic Information:
Twitter followers: 48,800
Number of top KOL followers: 45
Number of asset whale followers: 25
Number of NFT whale followers: 19
veDAO voting popularity: 4.983 million votes
Introduction: Entangle Protocol is a universal liquidity layer that enables cross-chain synthetic derivatives. It leverages 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, it is called the double bear of the Cosmos LSD sector. Compared with Tenets emphasis on diversified LSD assets participating in the pledge consensus, Entangles core focus is LP-LSD, which is to provide cross-chain LSD services for LP assets. Previously, Tenet tokens performed well on the line, and the return rate of the secondary market was 117% in one month. The same can be expected for Entangle.
Learn more:https://app.vedao.com/projects/768ba7a2a1e8d80bb5a44e5c66ad93a96ea261bcd43c211d5c0f0daf3f9f9b62
6.Friend.tech
Basic Information:
Twitter Followers: 55,500
Number of top KOL followers: 219
Number of asset whale followers: 76
Number of NFT whale followers: 156
veDAO voting popularity: 4.5197 million votes
Introduction: The core idea of Friend.tech is to create a close-knit social circle of creators and fans. Users can further deepen their interaction with specific creators by purchasing shares of them.
Recent developments: Backed by Coinbase and Twitter, Friend.tech has been very popular recently. Many KOLs on social media are using this product. At this stage, you can experience the product first, and the possibility of issuing coins in the future cannot be ruled out.
Learn more: https://app.vedao.com/projects/9936d9edda1357938fc586403749db44235bcf217701c672b3044c6d22786cf5
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