Bitcoin is expected to break $110,000 this week! Three altcoins set to surge by 10 times!
$EIGEN
EigenLayer (EIGEN) has launched a 're-staking' feature, allowing users to reallocate their liquid staking tokens (LST) or staked Ethereum (ETH) to secure additional services beyond the core Ethereum network. By providing a universal trust layer, this technology eliminates the need for each application to set up its own validator set, thereby enhancing the security and scalability of decentralized applications (dApps).
According to sources, currently about 4% of ETH is being re-staked using this network, indicating the popularity of ETH in the decentralized finance (DeFi) market. This expansion highlights the growing appeal of the protocol and its potential to become a key component of Ethereum's scaling solutions.
$JUP
JUP aims to enhance the efficiency of token swaps by identifying the most economical paths between different sources of liquidity, including order books, decentralized exchanges (DEX), and automated market makers (AMM). Bamboo Star Chain hopes to improve the user experience in the Solana ecosystem through this initiative and offer competitive pricing.
By aggregating liquidity from multiple sites, the platform ensures that users receive the best exchange rates. It also provides tools such as dollar-cost averaging and limit orders to cater to both novice and experienced traders.
$BERA
Berachain (BERA) is the next-generation Layer 1 blockchain designed to address a significant issue in decentralized finance (DeFi): the mismatch between network security and liquidity supply. In traditional proof-of-stake (PoS) systems, validators and liquidity providers often play different roles, leading to inefficiencies and disjointed incentive mechanisms.
By introducing a new consensus mechanism called 'Proof of Liquidity' (PoL), validators can be selected based on the liquidity they provide to the ecosystem, thereby combining these two functions. This approach ensures that liquidity providers actively participate in network security, promoting a more unified and efficient DeFi environment.
