As a crypto investor with experience in the Real-World Assets (RWA) sector, I’ve been closely following the recent developments of some key players in this niche. Ondo (ONDO), the largest RWA coin, has shown impressive growth since its debut earlier this year, reaching an all-time high of nearly $1.50 in June. However, like the rest of the cryptocurrency market, it took a hit during the latest correction and is currently trading around $1 with a market cap of $1.4 billion.
TL;DR
- Ondo is the largest coin in the Real-World Assets (RWA) sector, with a current price around $1 and a market cap of $1.4 billion. It debuted in January and reached an all-time high of nearly $1.50 in June.
The niche recently dipped from nearly $9 billion to approximately $6 billion due to the broader cryptocurrency market correction.
Ondo (ONDO)
In recent times, there has been a surge in interest for Real-world Assets (RWA). These assets can be tangible items or real estate that operate on the blockchain through smart contracts. The value of this niche sector approached $9 billion earlier in the year. Yet, it has since decreased to around $6 billion due to the recent market correction affecting cryptocurrencies as a whole.
As a researcher, I would express it this way:
Ondo was born in January of this year and reached an unprecedented price of nearly $1.50 at the onset of June. It remains to be seen if it can attain another record high in the upcoming weeks or if the market downturn will persist, keeping its worth in check.
Mantra (OM)
The second largest RWA cryptocurrency, boasting a market capitalization exceeding $700 million, was launched in August 2020. Its peak price, which it hit last month, was $1.09.
The value of OM has soared by an impressive 3,000% yearly, making it one of the rare cryptocurrencies from the top 100 to record growth over the past week.
As a researcher exploring the world of blockchain technology, I’d describe Mantra as a foundational blockchain network that builds a connection between traditional finance (TradFi) and decentralized finance (DeFi). By providing the essential infrastructure, Mantra enables the tokenization of real-world assets.
Pendle (PENDLE)
As a researcher studying decentralized finance, I’d describe Pendle Finance as a blockchain technology that provides decentralized financial services with a focus on stable yields and yield tokenization. It is engineered to function seamlessly across multiple blockchains and includes built-in automated market-making mechanisms for optimized trading experiences.
The asset in question reached a significant milestone of surpassing $7 million in value back in April this year. However, its current price hovers around $3.80, making it one of the hard-hit assets amidst the ongoing market downturn.
Chromia (CHR)
The Chromia team has created Chromia (CHR), a blockchain platform and digital currency. Their goal is to offer an expansive and distributed framework for building decentralized apps (dApps) and games, ensuring scalability and decentralization.
Despite the unfavorable market conditions, its price experienced a remarkable surge, increasing by 8% each day. It broke through the $0.26 threshold as this uplifting news emerged: Chromia became a part of the Amazon Web Services Partner Network.
As a crypto investor in Chromia, I’m thrilled to share that we’ve made significant progress in connecting our infrastructure to the AWS Marketplace. This means that our offerings, be it public or enterprise solutions, will now be accessible to millions of Amazon Web Services customers. A great accomplishment for us!
As a crypto investor, I’m excited to share that the developers have announced some promising news. The MVP (Minimum Viable Product) of the platform is set to officially debut on its Mainnet on July 16.
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2024-07-07 17:24