TL;DR
This month’s Altcoin Gems report will focus solely on what most consider a heavily undervalued marketplace. That’s right! We’re talking about the Top 5 Real World Asset Altcoin Gems (RWA) projects. With more than $800 Trillion worth of real-world assets sitting on the sidelines waiting to be tokenized and the total market cap of all cryptocurrencies barely at $1.7 trillion, capturing even half the RWA market has some major implications for the blockchain world. This could be the largest asset consolidation between legacy investors and us crazy crypto kids, making this the perfect time to look at the “Top 5 Real World Asset Blockchains” available right now.
The reason this is such a big deal is that even the most anti-crypto investors can identify and understand the value of RWAs.
The addressable market for real-world assets is one of the largest in the world. Anything that needs verifiable documented ownership is ripe for the blockchain disruption train.
With clearer regulatory frameworks being worked on as you read this, it’s only a matter of time before the gate for real-world assets swings open.
Removing the need for central databases is at the heart of what makes digitizing real-world assets such a powerful proposition.
Without the need to trust a third party, asset owners will finally know how good it feels when no institution can steal ownership rights from under you.
Want to learn more about how RWAs specifically affect NFT issuance? Then don’t forget to check out Sam’s report on the Americana Project.
Pendle Finance
- Ticker: PENDLE
- Price: $1.24
- Token Supply: 258 Million
- Circulating Supply: 97 Million
- Market Cap: $120 Million
By now you should be very familiar with Pendle Finance and the work it’s doing across multiple networks. But in case you’re not, it’s never too late to check out the Top 5 Altcoins from Binance Labs and How to Earn 15.5% APY on Pendle Finance. This will get you up to speed on why we’ve been discussing this project all year.
Pendle Finance has had an incredible year with more than 10x profits for holders of PENDLE. Going into the next chapter of the project, there’s no indication that their success will stop anytime soon.
Branching out from a BNB-based network, Pendle has launched its protocol on Avalanche, Arbitrum, and Optimism, pushing them from a daily trading volume of less than $50,000 when the year started, to over $25 million currently.
As a customizable AMM, Pendle helps the current Decentralized Finance architecture operate more efficiently. It does this by concentrating liquidity in a more meaningful way, narrowing the range of price appreciation for Principal (PT) and Yield Tokens (YT). This allows for better capital efficiency in the marketplace and optimized yields for participants.
This has helped continue adding value to the PENDLE token, and by extension, Escrowed vePENDLE earned from staking. Pendle Finance is the 3rd largest RWA project in the marketplace by Market Cap. However, the Daily Trading Volume for PENDLE is twice as much as the project that holds the #1 spot.
If you haven’t already, put Pendle on your radar immediately!
Creditcoin
- Ticker: CTC
- Price: $0.20
- Token Supply: 599…
Jesse is a passionate seeker of truth who enjoys educating others about Bitcoin.
As a free thinker and 2nd amendment advocate, Jesse believes each individual has the right to monetary freedom.
“The swarm is headed towards us” -Satoshi Nakamoto
