Three Projects That Might Become The Next Blockchain Titans

The following post was written and/or published as a collaboration between Benzinga’s in-house sponsored content team and a financial partner of Benzinga.

Each bull run -  a dramatic surge in token prices, network activity, and project funding leads to the development of a handful of truly standout projects. 

These projects have the potential to lead the industry in ways that were simply not feasible just a few short years ago, but may be pivotal in the years ahead. 

Here, we take a look at three projects that have been busy solving some of today’s biggest challenges, so that the projects of tomorrow have fewer barriers to adoption. 

Edgeware: The Future Of Project Building

Building blockchain-based applications is a hugely collaborative task that requires the teams behind different projects to organize effectively, solicit funding, handle governance challenges, and more using whatever tools are available to them. 

This challenge is exactly what Edgeware, a Substrate-based smart contract platform and project ecosystem, was built to solve. 

Billed as a "smart contract chain with a community-managed treasury," Edgeware allows developers to easily deploy their applications on Edgeware's high speed chain in minimal time — either by porting their Ethereum smart contracts to Edgware, or building new ones with Rust/Wasm. 

The platform is designed to make it as simple as possible to organize developments, source the right talents, build reputation, gain funding, and more. It uses a powerful set of organizational structures, including chain workers, working groups, project teams, and ecosystem DAOs to help projects maximize their use of resources and build faster, and better than before. 

https://twitter.com/HeyEdgeware/status/1399481239686594562

As a Substrate-based platform, Edgeware benefits from extreme speed and security, while helping projects benefit from and interact with the broader Polkadot ecosystem thanks to its interoperability capabilities. 

Launched in 2019, Edgeware already has a large number of credits to its name — having pioneered the lockdrop token distribution mechanism, and became the first Ethereum/Wasm compatible substrate chain. It was the first substrate chain to move to mainnet, and a large number of projects are already using the platform — many of which were funded by Edgeware’s on-chain treasury. 

Given its rapid growth, strong market fit, and long-term potential, Edgeware looks like one to watch.  

Celer: Defeating The Scalability Problem

Celer, the layer 2 scaling solution for Ethereum and other blockchains, first saw its beginnings in 2019 after becoming one of the first projects to launch on Binance's Launchpad platform.

Since then, the team behind the platform has been hard at work producing a solution capable of handling off-chain transactions and smart contracts, to help power the future of scalable blockchains and support the transaction volumes expected in the future. 

With many popular blockchains, including Ethereum, Bitcoin, and Binance Smart Chain seeing their transaction volumes skyrocket in recent months (largely due to a surge in DeFi activity), many have begun to struggle with congestion and high transaction fees as a result. 

Celer looks to address this problem with a range of solutions that help either move value between different blockchains, or boost the scalability of different chains. Its first product, known simply as cBridge, is used to more securely transfer assets between various layer-2 chains and eventually between various blockchains to help make different assets blockchain agnostic. 

More recently, Celer introduced its second product, known as layer2.finance. This looks to tackle two major issues with decentralized finance — namely ease-of-use and cost. It achieves this by providing a single interface through which users can invest with various DeFi applications — including Aave, Compound, and Curve — while dramatically lowering fees thanks to its second-layer transaction aggregator capabilities. 

https://twitter.com/CelerNetwork/status/1385414781935394818

With Celer looking to attack the problem of blockchain efficiency and scalability from several angles, and having pioneered multiple working products that are already in widespread use today, it’s certainly making all the moves necessary to explode in future. 

Pera Finance: The First Sustainable Yield Model

Yield farming has quickly grown to become one of the most attractive use cases for blockchain technology. 

By providing a way for cryptocurrency holders to maximize the utility of their assets while helping new projects distribute their tokens and build liquidity, yield farming is becoming increasingly popular among both casual investors and cryptocurrency experts. 

But more than this, the yield farming industry may be set for a radical transaction, if Pera Finance has its way. Pera Finance aims to revamp the DeFi ecosystem by changing the way yield farming participants are rewarded for their efforts.

Pera Finance imagines a future where yield farming rewards are not only paid to those that boost liquidity on the supply side, but also to those that boost demand-side liquidity. It believes this will help make yield farming sustainable for the long term, while also providing a more attractive way for projects to boost liquidity and reward their supporters. 

In development since mid-2020, Pera Finance pioneered the concept of competitive trade farming. This is a type of on-chain trading competition that sees users rewarded with PERA tokens for trading PERA, using a range of parameters to determine each user’s rewards — all while controlling for inflation to prevent the runaway supply growth seen with other projects. 

Moreover, users can simply stake their PERA to receive multi-asset yields, thanks to a wide array of upcoming project partnerships — helping to enrich the Binance Smart Chain yield farming ecosystem. 

Given the rampant growth of both yield farming and DeFi in general, Pera Finance could represent the first perfected yield farming formula making it poised for long-term growth. 

Image by WorldSpectrum from Pixabay

The preceding post was written and/or published as a collaboration between Benzinga’s in-house sponsored content team and a financial partner of Benzinga. Although the piece is not and should not be construed as editorial content, the sponsored content team works to ensure that any and all information contained within is true and accurate to the best of their knowledge and research. This content is for informational purposes only and not intended to be investing advice.