Hedera

NEAR Protocol

Internet Computer

<ul><li>HBAR and NEAR exhibit strong growth trajectories within the Web3 ecosystems, highlighted by substantial rises in Total Value Locked.</li><li>Demonstrating proven resilience and practical utility, these web3 platforms are well-positioned to compete with legacy networks.</li><li>Kyren emphasizes the necessity for continuous innovation to unlock the full transformative potential of Web3 technologies.</li></ul>Renowned cryptocurrency analyst Kyren <a href="https://twitter.com/noBScrypto/status/1784841114811531329" rel="noopener noreferrer nofollow">unveiled</a> his insights in a recent post on the X platform, shedding light on four Web3 ecosystems primed for exponential growth in the forthcoming bull cycle. The revelations come at a pivotal moment as the crypto sphere braces for another surge of innovation and investment.Reflecting on the meteoric rise of decentralized finance (DeFi) in 2021, Kyren emphasized the tireless efforts of certain projects to fortify their Web3 DeFi ecosystems, amplifying their capacity to attract and retain users. The latest data underscores this momentum, with Total Value Locked (TVL) witnessing substantial upticks across key platforms since the advent of 2024.Among the standout performers, HBAR leads the charge with a staggering TVL of $97 million, followed closely by NEAR with $300 million. ICP and EGLD trail closely behind, boasting TVLs of $94 million and $142 million, respectively. These figures, while impressive, pale compared to industry giants like Solana, Ethereum, and Binance Smart Chain (BSC), each commanding TVLs well surpassing the $1 billion mark.<a href="https://cryptotale.org/liquid-staking-assets-surge-5-as-lido-and-reth-reach-new-highs/" rel="noopener noreferrer nofollow">Read more on Cryptotale.</a>Visit the links for more information <a href="https://cryptotale.org/" rel="noopener noreferrer nofollow">Website</a> | <a href="https://twitter.com/cryptotalemedia" rel="noopener noreferrer nofollow">Twitter </a>| <a href="https://t.me/cryptotale_news" rel="noopener noreferrer nofollow">Telegram </a>| <a href="https://www.instagram.com/cryptotalenews/" rel="noopener noreferrer nofollow">Instagram </a>|

Four Rising Web3 Ecosystems Set to Dominate Next Crypto Bull Cycle: Report

CryptoTale

Other articles published on Apr 29, 2024

Revolut Adds Bonk To Its Platform; NuggetRush and Solana Leads Altcoin Market Rally

Top Solana Meme Coin Dogwifhat (WIF) Skyrockets 1,481% in Major Exchange Listing Anomaly

Bernstein Sticks to $150K Bitcoin Prediction, Calls ETF Slowdown Temporary

Trust Wallet’s issue with Play Store resolved, TWT drops 5%

Expert Flags Dangers Of Spot Bitcoin ETFs: Labels Them ‘Orange FOMO Poker Chips’

Post-Halving Boom: Bitcoin Fees Eclipse 1,200 BTC and Miners Reap Rewards

Join our free newsletter for daily crypto updates!