- Chainlink (LINK) integrates off-chain data into smart contracts, securing billions in DeFi apps like Aave and Compound.
- Stellar (XLM) enables low-cost, fast cross-border transactions, leveraging its decentralized network to support financial institutions.
- Hyperliquid (HYPE) is a high-performance Layer 1 blockchain that supports up to 100,000 orders per second with decentralized finance capabilities.
Top cryptocurrencies Chainlink (LINK), Stellar (XLM), Hyperliquid (HYPE), and Uniswap (UNI), all of which provide critical bridge mechanisms connecting DeFi to real-world applications. These tokens are preparing themselves for a massive spike with high performance ecosystems and new age technologies along with interesting partnerships, they might as well be building themselves up to become the next 5000x bull run.
Chainlink (LINK): Bridging Smart Contracts with Real-World Data
Source: Coinmarketcap
Chainlink (LINK) is a decentralized oracle network that aims to provide smart contracts with real world data. This blockchain abstraction layer allows blockchains to securely operate on external feeds of data, events, and payment methods. Chainlink is one of the first ways to embed off chain data into smart contracts so that they are able to function in the real world. It receives back up from a multitude of node operators who operate its decentralized oracle systems that guard billions of dollars worth of decentralized finance (DeFi) applications, including Compound and Aave.
Chainlink also partners with other leading data providers like Brave New Coin and Alpha Vantage, making the project all the more significant. Chainlink, which is allowing the data providers to monetize their data, has been a vital player in the blockchain ecosystem due to its wide attention in the data processing field.
Stellar (XLM): Revolutionizing Cross-Border Transactions
Source: Coinmarketcap
Stellar (XLM) is a peer to peer decentralized network introduced by the Stellar Development Foundation. Stellar is designed to create fast low cost cross border transactions to bridge the world’s financial systems and provide transaction of assets between financial institutions and payment providers everywhere. The transactions are facilitated through native digital currency, called XLM (Lumens).
Stellar network is a distributed ledger technology based network, which is very secure and transparent. This one has gained quite a lot of popularity for serving out people in developing countries where the high transaction fees and slow processing times are common. With a built in order book, Stellar allows users to control their assets and can exchange them between themselves.
Hyperliquid (HYPE): High-Performance Blockchain for DeFi
Source: Coinmarketcap
Hyperliquid is a high performance Layer 1 blockchain optimized for decentralized finance (DeFi). It is a fully onchain order book perpetuals exchange with sub second transaction latency and the capacity to handle up to 100,000 order per second. The platform offers users the same speed as compared to centralized exchanges while retaining the security and anonymity for which the blockchain technology is known.
Hyperliquid ecosystem is powered by HYPE, the native token that has a vital role to secure the network by staking. To participate in the network operations, the validators must have at least 10,000 HYPE tokens staked. Rewards are distributed daily, but the reward rate is adjusted depending on the total amount of staked tokens in order to ensure long-term sustainability.
Uniswap (UNI): Decentralized Exchange with Automated Token Trading
Souce: Coinmarketcap
Uniswap is a decentralized exchange (DEX) that allows the participants to trade DeFi tokens automatically without the risk of such conflict. Uniswap is an automated market maker (AMM) that uses smart contracts to carry out exchange of tokens without the assistance of an order book or traditional market makers.
Pools are liquidity on Uniswap protocol, and any one can initiate a pool for a token pair on Uniswap so that liquidity issues don’t arise. With Uniswap’s native governance token, UNI, users can participate in the decision making of the protocol and help craft how the protocol is developed further.
