Cross-Chain Giants To Watch Closely In This Next Crypto Cycle
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Innovation of Web3 technology continues to proliferate. During the last bull market (starting from just prior to DeFi Summer 2020), a significant number of projects with novel applications emerged, receiving the attention of venture capital, as well as wider community support.
Technology and markets in Web3 move rapidly, and the latest bull run showed us the types of projects that achieved the highest usage and valuations from investors. New layer1 protocols emerged, such as SOL and AVAX, and oracles, such as LINK and BAND, and also we witnessed the advent of DEXs such as UNI and dYdX. Yet it was important for investors to recognize these projects when they are in their infancy, and prior to the bull run momentum before their valuations get “priced-in." Thus, it would be good to prepare now for where markets are moving towards in anticipation of the next bull run.
The cross-chain world in particular is laying the Web3 lego infrastructure today that will be utilized and scaled over the coming years, and this will be a major theme for investors during this next cycle, and more cycles after that. Bridging, aggregation and other infrastructure and applications of our multichain future will be what a maturing class of Web3 users will be utilizing, with expectations of improved security and user experiences, and an area where investors will be placing their focus and capital.
The next bull run will be the time when we see the new waves of exciting projects that will reach usage and valuations comparable to, or even perhaps higher than, those related only to single chain environments, such as SOL and AVAX. It is with this
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