Three of the most representative projects in cryptocurrency are taking action, and the market may really be on the way
1. $LDO
Do you remember the underlying logic behind the last round of $ETH explosion?
On December 18, 2020, LIDO launched stETH, locking ETH + on-chain ecological applications + deflation became the upward flywheel for $ETH.
In September 2021, the staking scale of stETH broke 1 million $ETH, and TVL surged to the top of DeFi rankings, quickly integrating into mainstream protocols such as Curve, $AAVE , and Maker.
Just now, Lido v3 released stVaults on the Holesky testnet, allowing stakers to build custom staking plans on demand and choose whether to bind stETH liquidity.
2. $ATOM
The Stargate upgrade of Cosmos Hub in 2021 activated IBC, leveraging the multi-chain revolution, and the launch of Gravity DEX brought deep liquidity to the Cosmos ecosystem, leading to the prosperity of the $ATOM ecosystem.
This time, Interchain Labs announced that Cosmos Hub will abandon the plan to build its own EVM DeFi smart contract layer and instead focus on sovereign L1 and institutional needs.
This is equivalent to filling in its own shortcoming.
3. $XPL
The last round was amplified by stablecoins during the DeFi Summer, and USDT drove the growth of the stablecoin market.
Now, the stablecoin public chain Plasma @PlasmaFDN public sale has gone live, and USDT officially has its own L1.