- Arbitrum: Optimistic rollups scale Ethereum by reducing gas fees, boosting transaction speed, and empowering ARB holders via DAO governance.
- Magic Eden: $ME token drives cross-chain trading, staking, and rewards, enhancing onchain engagement through gamified features like Quests.
- aelf: Combines AI and blockchain with Layer 2 ZK Rollups, enabling scalable dApps and interoperability via a modular, multi-chain framework.
Decentralized applications (dApps) are thriving with innovative platforms like Arbitrum, Magic Eden, aelf, and Flux. These solutions scale blockchain ecosystems, reduce costs, and enhance user engagement, making them key players in Web3.
Arbitrum(ARB): Scaling Ethereum with Optimistic Rollups
Current price: $0.6953
Market cap: $2.98B
Arbitrum solves Ethereum’s scalability problems efficiently. It applies optimistic rollups to increase speed scale and reduce costs on the Ethereum platform. Moving most of the computation and storage to layers squeezed between the layers of Ethereum.Hence reducing the gas fees and speeding up the transactions of applications built on the Ethereum platform. The Arbitrum DAO gives power to ARB holders to help in shaping the future of the platform through protocol development and election of its Security Council.
Magic Eden Launches $ME Token to Drive Onchain Economy
Current price:$2.51
Market cap: $326.85M
Magic Eden has unveiled $ME, a cross-chain token powering its suite of trading, minting, and wallet protocols. Adopted as the platform’s official token, $ME enables onchain trading across major ecosystems, rewarding users for participation. With a user-friendly mobile app, Magic Eden aims to attract retail users to the crypto ecosystem, enabling trading of all assets across multiple chains.
The $ME token supports staking for durations ranging from one day to four years. Stakers and active platform participants can earn rewards through Quests, a gamified feature designed to enhance engagement. Community members are encouraged to contribute ideas to improve protocols and increase adoption, strengthening the token’s ecosystem.
Aelf(ELF) Combines AI and Blockchain for Scalable Solutions
Current price:$0.4444
Market cap:$327.78M
Aelf (ELF), a multi-chain blockchain framework, integrates artificial intelligence with advanced scalability to address limitations of traditional blockchains. Utilizing a main-chain and multiple side-chains, aelf ensures resource isolation and efficient processing, enabling seamless interoperability with external networks. Written in C#, the platform supports developers in deploying decentralized applications.
Aelf’s modular architecture, featuring Layer 2 ZK Rollup technology, offers a cost-effective and secure environment. The blockchain has become a prominent player in Asia, driven by innovation in AI and blockchain integration.
Flux(FLUX) Ecosystem Expands Decentralized Cloud Infrastructure
Current price:$0.5418
Market cap: $204.81M
Flux, the native cryptocurrency of the Flux ecosystem, fuels decentralized Web3 infrastructure. The Flux network comprises over 13,500 nodes globally, providing significant computational resources for tasks like video encoding and AI scaling. FluxEdge, a platform pioneering Proof of Useful Work, addresses sustainability concerns by applying mining power to real-world computational needs.
DISCLAIMER:
The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
