Published
1 year ago on
May 19, 2022
Polkadot (DOT), Avalanche (AVAX), and RoboApe (RBA) could potentially turn out to be multi-bagger coins in the future. All three coins have strong utility and target the DeFi space in various ways. RoboApe is an upcoming new cryptocurrency that can be added for potentially high profits in the future. Building a diverse crypto portfolio is the key to long-term success. Let’s find out more about the use cases of these three tokens.
First cross-parachain connection on Polkadot
Acala and Moonbeam Network have launched the first cross-parachain connection on Polkadot. It will allow communication of messages and tokens like $aUSD between parachains with no bridge risk, a trustless environment, and unified security. The Moonbeam Network is one of the top platforms for building secure multi-chain dapps and provides Ethereum compatibility and interoperability on Polkadot. Acala is a decentralized finance network built on Polkadot that is powered by the aUSD ecosystem. aUSD is the native stable coin of the Polkadot ecosystem. This will pave the path for more parachains integration and allow greater interoperability and ensure cross-chain transfers for the DOT Token.
Avalanche bridge registers the highest volume
As per Nansen’s quarterly report, the Avalanche bridge has registered the highest volume bridged from the Ethereum mainnet. The AVAX Token is being widely used for transfers and about half a million unique addresses are using Avalanche. It is over 5 times the number of monthly addresses on Ethereum’s most popular Layer 2 solution: Arbitrum. Since November 1st, 2021, Avalanche’s transaction ratio percentages have seen an increase from 19% to ~75% as per the report. The AVAX Token is one of the best in terms of high speed and scalability. It can be considered a long-term potential investment.
RoboApe ecosystem will target the DeFi and NFT sectors
The newly launched RBA Token will provide an easy and quick solution targeting the NFT and DeFi sectors. The RoboApe ecosystem consists of the meme token RBA which will be used to power the entire ecosystem.
The RBA Token will be launched on the Ethereum network but will be cross-chain compatible through a bridge that will be deployed soon. Interoperability is one of the major criteria being demanded by developers as it helps in saving gas fees by migrating tokens to other networks in times of high traffic.
