- TENET revolutionizes DeFi with Liquid LSDs, LSDC stablecoin, and $veTenet governance, optimizing staked asset utility.
- Ronin blockchain empowers Web3 gaming with fast, low-cost transactions and scalable tools like Katana DEX for Axie Infinity.
- Grass decentralizes web crawling on Solana, creating a user-owned knowledge graph using zero-knowledge proofs for enhanced security.
This week, dive into the potential of three game-changing tokens: TENET, Ronin, and Grass. From revolutionizing DeFi with liquid staking derivatives to empowering Web3 gaming and decentralizing web crawling for AI, these tokens are unlocking new possibilities across their respective ecosystems.
TENET(TENET) Revolutionize DeFi with Liquid Staking Derivatives
Current price: $0.002777
Market cap: $1.75M
TENET is the native token of the TENET Layer-1 blockchain designed to enhance decentralized finance (DeFi) focusing on liquid staking derivatives (LSDs). The platform introduces Liquid LSDs (LLSDs), enabling staked assets to gain additional utility. TENET employs $veTenet, a voting escrow token, for ecosystem governance and reward distribution.
Key features include the LSDC stablecoin, backed by interest-bearing assets, and Metadrome, an LSD Automated Market Maker (AMM) that optimizes liquidity. With robust security measures leveraging LSDs from networks like Ethereum and BNB Chain, TENET is positioned as a transformative force in DeFi.
Ronin(RON): Empowering Blockchain Gaming
Current price: $1.66
Market cap: $632.45M
Ronin(RON) an EVM-compatible blockchain designed specifically for gaming. Built by Sky Mavis, creators of Axie Infinity, Ronin offers near-instant transactions with minimal fees, making it an ideal platform for Web3 games.
Ronin has proven scalability, hosting millions of daily active users and processing over 15% of NFT trading volume in 2021. Its native decentralized exchange, Katana, facilitates seamless token swaps within the Axie Infinity ecosystem. Additionally, RON enables developers to leverage the platform’s curated apps and benefit from Sky Mavis’ advisory support.
Grass(GRASS): Decentralizing Web Crawling for AI
Current price: $2.10
Market cap: $512.48M
GRASS powers the Grass Network, a decentralized platform aimed at creating the first user-owned knowledge graph of the internet. Operating on the Solana blockchain, Grass enables users to monetize their bandwidth by contributing to a global web crawl.
Through its airdrop program, Grass distributed 100 million tokens to incentivize participation, with plans for continued expansion. The project leverages zero-knowledge proofs for enhanced security, positioning itself as a groundbreaking alternative to traditional centralized web-crawling systems.
DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
