Polkadot (DOT) ecosystem stands out with its multi-chain application platform. Some top players in the ecosystem include Polkadot and Chainlink. In this post, let’s take a look at analyst Will Izuchukwu’s list of the best DOT ecosystem projects to watch in August.
Best Polkadot (DOT) ecosystem altcoin for August radar
Centrifuge (CFG)
Centrifuge is a decentralized asset finance protocol. It associates DeFi products with real world assets (RWA) for small and medium companies (SMBs). The team behind the project is working to convert real money from fiat to cryptocurrencies. Centrifuge uses the Polkadot network for fast and low fees. In its core functions, it consolidates decentralized money into assets such as bills, properties, and royalties (DeFi). Those who need a loan can finance their real estate with Centrifuge without using banks or other intermediaries. The CFG token is currently available for trading on some major exchanges such as BTCEX, Gate.io, CoinEx, Kraken, and ZT.
Rhine (REN)
Ren (REN) was developed to offer liquidity and interoperability between various Blockchain systems. The project describes itself as an open, community-driven protocol that enables the movement of value between blockchains. It also wants to reduce liquidity barriers between networks to increase DeFi interoperability and accessibility.
Another feature of Ren is that he includes DeFi projects as add-ons to foreign networks such as Zcash and Bitcoin. Additionally, users can exchange any token between any two Blockchains without the need for intermediary steps such as using “wrapped” versions of tokens such as Wrapped Bitcoin (WBTC) and Wrapped Ethereum (WETH). The REN token is currently traded on major exchanges such as Binance, OKX, Bybit, BingX and MEXC.
Celer Network (CELR)
CELR allows users to access tokens, DeFi, GameFi, NFTs, governance and more with one click on many Blockchains. The Celer Cross Chain Messaging Framework allows developers to create cross chain native Dapps with access to shared states, efficient liquidity utilization and compatible application logic.
The creation and use of dApps with Muti Blockchain has been dramatically changed by Celer. Instead of deploying multiple isolated versions of smart contracts across various Blockchains, developers can now create cross-chain native dApps with efficient liquidity usage, compatible application logic, and shared states. The CELR token is currently traded on Binance, OKX, Bybit, BingX and MEXC.
Energy Web Token (EWT)
Blockchain-based virtual machine, The Energy Web Chain, facilitates application development for the energy industry. It uses the Energy Web Token (EWT) as its operating token. EWT aims to diversify the energy business by enabling developers to create dApps. According to its website, Energy Web’s mission is to accelerate the decarbonization of the global economy.
Network operators, software developers and vendors are just a few of the energetic actors that profit from the virtual machine. Designed with enterprise use in mind, Energy Web Chain provides cutting-edge scalability and data protection. The EWT token is currently traded on major exchanges such as KuCoin, Gate.io, BitMart, P2PB2B, and Kraken.
Primer (ASTR)
Astar Network is a dApp house on Polkadot that supports L2 solution like Ethereum, WebAssembly and ZK Rollups. According to its website, Astar is a multi-chain smart contract platform that supports multiple Blockchains and virtual machines. The website describes the Astar Network as the gateway connecting multiple layer1 Bblockchains in the Polkadot network. ASTR token is currently traded on exchanges such as Binance, OKX, Bybit, BingX and MEXC.
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