Beam Network ($BEAM token) fuels a vibrant gaming community with seamless blockchain integration, and Toncoin anchors The Open Network’s ambitious Web3 ecosystem. Arbitrum accelerates Ethereum’s potential with its layer-two scaling and governance-driven roadmap, while Pyth Network leads as a real-time data oracle, empowering over 250 DeFi applications. THORChain, with its RUNE token, redefines cross-chain liquidity by enabling seamless crypto swaps across chains, solidifying itself as an essential pillar in decentralized finance.
Beam Network($BEAM) and $BEAM Token
Current price:$0.0213
Market cap:$1.05B
The Beam network utilizes its native cryptocurrency, the $BEAM token, for its operations, allowing an energetic community of gamers and developers. The Beam SDK grants game developers flexibility by unlocking the potential of seamlessly integrating blockchain elements into their video games. At the very heart of the Beam network, $BEAM fuels it with transaction capabilities. Hence, the interaction with smart contracts elevates the gaming experience and democratizes user involvement into the Beam DAO.
Toncoin(TON): The Heart of The Open Network
Current price:$5.31
Market cap: $13.53B
Toncoin is the local cryptocurrency of the decentralized layer-1 blockchain known as The Open Network. Created initially by Telegram, the project became fully community-driven after Telegram stepped away in 2020. Nowadays, it is led by the TON Foundation, which is developing an extensive Web3 ecosystem to onboard 500 million users up to 2028. The consensus model followed by Toncoin is proof of stake; thus, great scalability and security are provided for its users.
Arbitrum(ARB) Ambitious Roadmap
Current price: $0.6063
Market cap:$2.04B
Arbitrum is an Ethereum layer-two scaling solution that uses optimistic rollups to accelerate transaction processes and reduce transaction fees. ARB is the main governance token used in the Arbitrum DAO to vote on key protocol developments and funding decisions. The roadmap for 2023 includes ambitious plans to launch a layer-three solution and expand programming capabilities, positioning Arbitrum as a critical player in Ethereum’s scaling efforts.
Pyth Network(PYTH): Real-Time Market Data
Current price:$0.4019
Market cap: $1.45B
The Pyth Network is a leading first-party oracle network, providing real-time market data to over 40 blockchains. Comprising significant market participants, Pyth aggregates data to maintain accuracy and prevent manipulation. In less than a year, the network has secured over $1 billion in total value, supporting over 250 applications and demonstrating its integral role in the decentralized finance (DeFi) landscape.
THORChain: Cross-Chain Liquidity
Current price:$5.55
Market cap: $1.88B
THORChain is a decentralized platform that allows users to easily swap cryptocurrencies across different chains while keeping control of their keys. The RUNE token serves as the primary liquidity asset, facilitating governance and economic security within the network. This innovative approach enhances cross-chain interactions and positions THORChain as a vital infrastructure for the broader crypto ecosystem.
The post Emerging Cryptos Ready to Explode: Top Blockchain Projects You Should Watch appeared first on Crypto News Land.
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