The blockchain industry is about to see the arrival of several significant DeFi improvements and catalysts in the near future.
Lark Davis, a crypto expert, outlines the most significant ones to keep an eye out for. Let’s explore.
Curve Finance: Curve Finance, which is the largest stable swap protocol and the fourth largest DeFi network, is launching its own stablecoin called CRVUSD. This coin has the potential to offer new revenue to holders of CRV, so it’s definitely worth looking out for.
Shibarium: Next on his list is Shiba Inu’s eagerly awaited Shibarium, a Layer 2 blockchain that has the goals of accelerating transaction times and reducing transaction costs in order to facilitate the expansion of the Shiba Inu ecosystem.
Aave: is all set to deploy its V protocol, which is anticipated to provide more efficiency, decreased gas prices, improved layer two support, and simpler cross-chain liquidity to the platform.
Synthetix (SNX): is releasing its V3 governance module. According to reports, the newly added module would make it simpler for the network to make governance choices with a reduced number of personnel. This is a reaction to difficulties with voting that Synthetix has encountered in the past.
Woo X: The exchange is working on implementing perpetual swaps, has burned a significant amount of tokens and is researching other tokenomics models.
GMX: Last but not least, GMX is mulling an expansion to BNB Chain, which would be its third expansion after Abriturm and AVAX respectively. It has already presented a plan that details the manner in which it intends to integrate the platform with BNB.
Because the cryptocurrency industry is in a state of perpetual flux, it is quite expected that new technologies and applications will be developed in the near future. These advancements could alter the way we think about and interact with the blockchain.