Take stock of potential projects in the four popular tracks in the new round of bull market

Author: siixx

Since Trump won the election, the crypto market has seemed to have received a strong impetus, kicking off an impressive bull market. The price of Bitcoin has soared, breaking through the US$108,000 mark, an increase of 126% from the peak of the previous bull market. Mainstream cryptocurrencies such as Ethereum have also followed suit, and the total market value has reached an unprecedented US$7.5 trillion. This strong bull market not only attracted the attention of many traditional investors, but also breathed new life into various tracks in the crypto market. Against the background of this bull market full of opportunities, the following tracks and potential projects deserve close attention by investors and industry practitioners.

DeFi Track: Lending Protocol Rookie Fluid

In the field of DeFi, the momentum of this bull market is particularly rapid, and the total locked-up volume has shown explosive growth. As of December 18, it has reached US$137 billion. Compared with US$83 billion on November 1, in just 60 years Day time increased by 65%. Among them, the lending protocol, as one of the core applications of DeFi, is also expanding rapidly. For example, the total locked-up volume of the leading lending protocol AAVE reached US$22 billion, an increase of 73.36% during this bull market, while the emerging lending protocol Fluid’s locked-up volume exceeded US$1 billion in just 3 months. .

Fluid is deployed on Ethereum, combined with the automated market making (AMM) lending protocol, and directly benchmarks against Aave to share the cake. It is characterized by its dynamic interest rate mechanism and innovative risk control model. It has been warmly welcomed by users as soon as it came out, and the community response is also very positive, with huge growth potential. Its innovations and advantages are as follows:

1. Innovative liquidation mechanism

Fluid uses a mechanism similar to Uniswap to divide users’ assets that may be liquidated. When liquidation occurs, large-scale liquidation will be carried out on the target group as a unit, rather than individual targets being liquidated sequentially. This innovation makes the user’s liquidation line approximately 5% higher than that of the leading AAVE, while reducing liquidation fees. For example, when the market is volatile, traditional lending protocols may trigger multiple liquidations due to price fluctuations of a single asset, while Fluid can manage risks more effectively, reduce unnecessary liquidation events, and provide users with a more stable lending environment.

2. High capital efficiency

Users' assets (collateral) and debts (loans) on the Fluid platform can not only earn interest on loan funds (similar to AAVE), but also receive transaction fee income (similar to Uniswap). This dual-income model improves the efficiency of the use of funds, making deposit interest higher and borrowing interest lower. Suppose a user deposits a certain amount of crypto-assets as collateral on the platform and borrows money. Through Fluid's mechanism, while earning interest on the loan, his or her assets can also participate in the platform's transaction fee distribution to achieve asset appreciation.

3. Project cooperation and development potential

● AAVE has passed the community vote and purchased Fluid project tokens at a low price, which shows the industry’s recognition of Fluid.

● The old project instadapp team has rich experience and has not issued tokens randomly. In the future, Fluid will launch a new token economy. The instadapp project token INST may be converted to the Fluid project token at a 1:1 ratio, providing users with more value expectations.

● Binance web3 wallet recently cooperated with Fluid, increasing the possibility of its tokens being listed on Binance in the future, further increasing the project’s visibility and market potential.

● Fluid is expected to fully benefit from the bull market dividends of the Defi track. As more users and funds pour into the DeFi field, Fluid's innovative model will attract more lending needs and promote its business growth.

AI track: Binance boosts AI application mall myshell

The AI ​​track has also performed well in this bull market. The fusion of AI concepts and encryption technology has given rise to a series of innovative projects and attracted significant investment. In the past year, the total financing of AI-related encryption projects reached 278.1 billion yuan, a year-on-year increase of 113%. AI application mall projects like myshell, with their unique positioning and strong technical support, have received investment from well-known institutions such as Binance, and are expected to occupy an important position in the wave of integration of AI and blockchain.

Myshell is an AI application mall project. The platform brings together various AI applications. Users can purchase, use and trade AI solutions, and developers can publish their own AI applications. The potential and highlights of the Myshell project are as follows:

1. Help developers and the development of the AI ​​industry

As an AI application mall, myshell aims to break the monopoly of large AI companies in the future, provide income opportunities for small and medium-sized developers, and promote the diversified development of the AI ​​industry. Its platform integrates a variety of useful AI products, covering different application fields, providing developers with a platform for display and profit, while also providing users with a rich selection of AI applications.

2. Obtain support and currency issuance expectations from Binance

The project has received investment support from Binance, which provides strong financial and resource guarantee for its future development. In view of Binance’s influence in the crypto industry, it is more likely that myshell will issue coins and be listed on Binance in the future. Once it goes online, it will attract more users and funds to the platform, further promoting the development of the project. In addition, there are currently relatively few high-quality AI agent projects on the BNB chain. Myshell is likely to become a key support target of Binance and enjoy more ecological resources and development opportunities.

3. Advantages of Web2 and Web3 interaction

The myshell project performs well in the interaction between Web2 and Web3, lowering the threshold for users to enter the Web3 world. Users can use AI applications more conveniently, and at the same time, the project’s tokens will empower its ecosystem. Future airdrop plans also provide potential revenue opportunities for early participants, attracting more users to pay attention to and participate in the project.

Game + AI track: L2 Soon Chain

The game track has been accumulating strength in the first half of 2024. According to reports from market research institutions, the size of the encrypted game market has increased significantly by 38.9% in Q2 this year, reaching US$2.75 billion, thanks to blockchain technology With the application, in-game asset ownership and transactionability are better guaranteed, attracting many players to participate. At the same time, the SoonChain project seizes this trend, combines AI with Layer 2 technology, and is committed to creating a better AI-powered gaming experience.

SoonChain is a Layer 2 public chain deployed on the Ethereum network. It features a combination of smart contracts and AI technology to optimize the performance of decentralized applications (DApps), improve transaction throughput, reduce transaction fees, and improve users. Experience and functional innovation. The community has a positive attitude towards it, especially looking forward to its breakthroughs in the fields of gaming and AI. Specifically, there are the following three points:

1. L2 public chain optimizes transaction experience

As an L2 public chain, SoonChain solves the scalability problem of traditional blockchains and optimizes transaction costs and efficiency. In an AI-powered gaming scenario, this means that real-time transactions for complex games, asset transfers, and NFT transactions can be performed quickly and cheaply. When players conduct prop transactions, asset transfers and other operations in the game, they no longer need to endure high fees and long confirmation times, which improves the smoothness and user experience of the game.

2. AI-driven game development and upgrade

SoonChain uses AI technology to drive game development, greatly simplifying the game development process and reducing development costs. At the same time, in the later upgrade and adjustment of the game, AI can quickly optimize and improve based on players' behavioral data and feedback to provide better game content. For example, AI can automatically generate game scenes, character images or mission plots, saving game developers time and energy while keeping the game fresh and attractive.

3. Combination of decentralized governance and NFT

The public chain token AIGG enables holders to participate in the decision-making process of AI game development and encourages players and creators to actively participate in the construction of the platform ecosystem. In addition, SoonChain combines NFT elements common to AI and games. AI can quickly generate game-related props or peripheral NFTs, and quickly trade them on the public chain through AIGG. This not only enriches the economic ecology of the game, but also provides players with more collection and investment opportunities.

Meme launch track: multi-chain launch platform Chain.fun

The Meme launch track is also fiercely competitive in this bull market. From pump.fun to Clanker, Meme coins have attracted the attention of a large number of investors and crypto enthusiasts with their unique cultural attributes and dissemination, and they hope to find the next one. Get rich coins. Since the start of the bull market, with the influx of capital and the momentum created by Musk's media, many new Meme coin projects have continued to emerge, and trading activity has continued to rise. The daily trading volume of some popular Meme coins has even reached hundreds of millions of dollars. This hot market performance not only reflects investors’ pursuit of emerging and interesting crypto assets, but also reflects the strong influence of Meme culture in the crypto field. In this context, the Chain.fun project, as an innovative force in the Meme track, deserves our understanding.

Chain.fun aims to help users easily initiate, create and launch Meme coins on multiple blockchain networks such as Solana, Ethereum, BSC, Base and Ton. The goal of the platform is to provide the crypto community with a simple tool to help users leverage different blockchain technologies to launch their own Meme coins at a cheaper price and trade, invest or have fun. Its characteristics are:

1. Multi-chain and cross-chain support

Chain.fun is known for its multi-chain and cross-chain support, allowing users to choose the most suitable platform to launch memecoin projects based on blockchain characteristics. Users can take advantage of Solana's fast transactions, Ethereum's smart contract capabilities, and BSC's low cost to optimize transaction costs and speed, thereby improving project competitiveness. Cross-chain technology further breaks the limitations of a single chain, providing creators with more freedom and choices, allowing them to flexibly allocate resources and enhance the overall strength of the project.

2. Social and community driven

In view of the socially driven nature of Meme coin itself, Chain.fun attaches great importance to using social platforms and community power to promote its popularity. The platform encourages community members to actively participate in interactions, and creators can promote their own currencies through voting, publicity, and cooperation. This community-driven model not only enhances the connection between users, but also injects strong impetus into the spread and development of Meme coins.

3. Decentralization and transparency

Adhering to the decentralized concept of blockchain, Chain.fun allows anyone to participate in platform activities without an intermediary. At the same time, based on the transparent nature of the blockchain, every Meme coin transaction and its related data are publicly traceable. This ensures the fairness and credibility of transactions and creates a safe and reliable environment for users.

4. NFT and collection value

In addition to the meme coins themselves, the Chain.fun platform also has the potential to convert memes into NFTs, giving them unique collectible value. With the help of NFT technology, Meme currency is no longer just an interesting digital currency, but more likely to become a digital asset with artistic value, further enriching users' investment and collection options.

Conclusion

To sum up, in the current bull market environment of the crypto market, the four projects of Fluid, myshell, chain.fun and SoonChain have respectively shown unique advantages and huge potential in DeFi, AI, Meme launch, AI and games. development potential. Investors and industry practitioners can keep a close eye on the development of these projects and seize new opportunities in the crypto space. However, the encryption market is highly uncertain and risky. When participating in project investment or cooperation, you should fully understand the project's technology, team, market, etc., and make decisions carefully.