Kadena (KDA) focuses on scalable decentralized storage It's a 40.34% increase in trading volume that highlights its growing appeal for businesses.
Stacks (STX) brings smart contracts to Bitcoin, offering enhanced scalability and programmability.
Internet Computer (ICP) redefines decentralized app development. Its rise in trading volume reflects growing investor interest in its scalable platform for building Web3.
Web3 projects in the cryptocurrency market, and especially development of smart contracts and decentralized storage. Some of them include projects such as Kadena (KDA), Stacks (STX), Helium (HNT), and Internet Computer (ICP), which are working to determine the future of Web3. These initiatives play an essential role in boosting the development and adoption of Web3 by improving decentralized finance (DeFi) capabilities: storage and computation, among others.
Kadena(KDA): Future and Growth of Decentralized Storage
Kadena (KDA) has gained popularity with a 2.86% gain, trading at the level of 0.4257 dollars within the last 24 hours. The blockchain platform emphasizes scaling and security and provides a unique solution to the existing issues of decentralized storage and smart contract implementation. Its current market cap is valued at $136.45 million, and the circulating supply of the KDA tokens is 320.5 million.
Source: CoinMarketCap
Kadena experienced a trading volume increase of 40.34 percent in the past 24 hours, which is at $7.7 million. This volume gets along with the fact that people become increasingly interested in the Kadena approach toward achieving enhanced decentralized storage and providing low-cost innovative contract products. Kadena is a multi-chain network allowing developers to program at scale and focus more on decentralized applications without compromising speed.
Stacks(STX): and How They Become Able to Expand Smart Contracts
Another Web3 coin, Stacks (STX), has displayed outstanding growth over the last 24 hours, with its price going up by 4.73 percent to open at the current rate of 0.6558. It is a project deployed on the Bitcoin blockchain, and its goal is to introduce the concept of smart contracts to Bitcoin, making it a key Web3 actor. With the current momentum in the project, it has a market cap of 1 billion dollars with a circulating supply of 1.53 billion STX tokens of an overall supply of 1.81 billion.
Source: CoinMarketcap
Stacks offers to use the security of Bitcoin, with the possibility to create dApps and smart contracts. Such a new strategy can be used to address the shortcomings that the Bitcoin blockchain has always been described to have (scaling and programmability). By means of the Stacks innovative protocol, its users produce benefits in Bitcoin, in the process of identifying the PoX common assessment system.
Helium(HNT): Decentralized Networks
Another exciting Web3 project in the domain of decentralized storage is helium (HNT), which you can get djarum ultra batmagel mensah at a price of $2.50. Even though the price dropped by 0.22 percent over the last 24 hours, Helium still offers a novel way of developing decentralized wireless networks. The devices can have direct access to the internet with the aid of low-power wireless capabilities on the network instead of relying on regular network providers.
Source: CoinMarketCap
The market cap of Helium is 459.38 million dollars, and the circulating supply of tokens HNT is 223 million. The current decrease in price notwithstanding, the conventional telecommunications industry lies at risk of this network. The decentralized wireless network used by Helium is particularly relevant in light of the increasing Internet of Things (IoT), which requires billions of devices to be served with reliable and secure connections.
Internet Computer(ICP): Web3 Development Place
Another crucial Web3 project is the Internet Computer (ICP), with a recent price pump by 4.74 percent to some $5.67, which is reinventing the process of distributed application construction and deployment. ICP is a computing platform based on blockchain that enables developers to create decentralized applications without using more common cloud service providers.
Source: CoinMarketCap
The current market cap of ICP is over 3 billion dollars, and it currently has 534.57 million ICP tokens. The fully diluted valuation of the project will be much higher since it has the potential to become the market leader in the decentralized computing market. When the trading volume rises by 11.77 percent and up to 80.1 million, it means that the interest that investors have in ICP is increasing. The platform will be easy to scale and enable a broad variety of dApps.
