Several blockchain projects are making headlines today, including LayerZero, ZetaChain, Phala Network, and Clearpool, showcasing significant gains and innovative features. LayerZero facilitates cross-chain apps; ZetaChain connects various blockchain types; Phala Network integrates AI with blockchain, and Clearpool enhances institutional lending in DeFi. Each is carving out a niche for long-term growth in a fluctuating market.
The crypto market is witnessing significant developments with notable projects gaining traction. LayerZero, ZetaChain, Phala Network, and Clearpool exemplify innovative advancements and integrations, enhancing their unique functionalities and attracting investor interest. This article delves into today’s major crypto gainers, highlighting their innovations and potential for long-term growth amidst market complexities.
1. LayerZero (ZRO)
LayerZero is an omnichain protocol that facilitates seamless communication across blockchains. Utilising lightweight message passing and Ultra Light Nodes (ULNs), it ensures secure transactions. The ZRO token is essential for staking, governance, and transaction verification within the LayerZero network. Currently trading at $2.48, LayerZero has experienced a steady 2.64% gain in 24 hours and a 2.61% increase over the last month, reflecting growing investor confidence.
LayerZero’s recent integration with the XDC Network enhances interoperability, linking over 125 other chains. Developers can now easily launch applications or tokens within this interconnected ecosystem, promoting liquidity and broader market access for projects associated with LayerZero, cementing its reputation as a leading cross-chain solution.
2. ZetaChain (ZETA)
ZetaChain revolutionises cross-chain communication by connecting smart contracts and non-smart chains such as Bitcoin. Its Universal Smart Contracts allow seamless interactions without needing bridges or wrapped tokens. The ZETA token supports transaction fees and staking for network security. Currently priced at $0.2311, ZetaChain shows a 5.15% gain in 24 hours and appears increasingly capable of attracting attention as it underpins the vision of a universal blockchain.
Global community engagement is pivotal for ZetaChain. Recent meetups throughout various countries, including Argentina, Vietnam, Japan, and Hong Kong, highlight its expanding reach and the growing awareness of its mission to establish a truly universal blockchain. This global outreach underpins ZetaChain’s trajectory towards becoming a prominent player in the space.
3. Best Wallet Token (BEST)
Best Wallet offers a versatile Web3 wallet with over 250,000 active users and support for 60+ blockchains. It simplifies cryptocurrency management and allows conversions to over 100 fiat currencies within the app. Holding $BEST confers benefits such as reduced fees, increased staking rewards, and additional cashback on transactions. The presale has raised over $11.6 million, indicating strong market interest and projecting ambitious growth targets to capture a significant portion of the non-custodial wallet market by 2026.
Best Wallet’s anticipated features and functionality suggest it is well-positioned to challenge dominant competitors like MetaMask in the wallet sector, making it appealing for both seasoned investors and newcomers.
4. Phala Network (PHA)
Phala Network stands at the forefront of Web3 AI by enabling AI to interact effectively with blockchains, breaking down obstacles to broader adoption. Its multi-proof system provides scalable AI execution. The native PHA token enables users to access trusted computing resources and participate in governance through the Phala DAO. Currently priced at $0.09946, Phala Network has gained 7.92% in 24 hours and 14.88% over the week, showcasing growing interest in privacy-oriented blockchain solutions.
The recent collaboration with Streamr combines strengths in secure decentralized data streaming, allowing real-time processing of AI-driven data without intermediaries. This partnership expands Phala’s capacity to support various applications in financial services and smart cities, demonstrating its potential to revolutionise the Web3 landscape.
5. Clearpool (CPOOL)
Clearpool functions as a decentralised platform aiding institutions in borrowing unsecured funds directly from the DeFi market, with dynamic interest models adapting to market conditions. The CPOOL token underscores governance rights and incentivises liquidity providers via attractive yield opportunities. Clearpool is trading at $0.1468, having posted an 8.44% gain in the last 24 hours and a remarkable 30.04% increase over the past week, signalling rising investor confidence.
Through its partnership with Dinari, Clearpool is set to introduce tokenised versions of prominent ETFs, allowing users seamless access to traditional assets on the blockchain. This integration not only diversifies investment avenues but also enhances the attractiveness of DeFi to conventional investors, reinforcing Clearpool’s relevance in reshaping institutional lending environments.
