When you concentrate on cross-chain interoperability, the very first thing that involves thoughts is Polkadot (DOT). It’s by far one of many largest cross-chain networks on the planet. However there are numerous different initiatives too you can think about apart from DOT. Right here is why:
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DOT has achieved most of its potential and is unlikely to ship 100x within the close to time period.
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Improvements round cross-chain have been coming in quick.
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Cross-chain initiatives will dominate the market within the subsequent two or three years.
So, if you’re questioning which cross-chain crypto property to contemplate shopping for, take a look at our prime 3 record beneath.
Cosmos (ATOM)
When Cosmos (ATOM) launched a number of months in the past, it was dubbed the “mom of cross-chain”. In reality, the first objective for this undertaking is to create a community of interconnected blockchains with the seamless operation and excellent speeds in transactions.
Information Supply: Tradingview
Cosmos goes to utterly revolutionize the web and has up to now gained quite a lot of traction within the crypto market. As of now, Cosmos (ATOM) has a market cap of round $7.4 billion. The coin can be promoting at $26.
Ren (REN)
As for traders who’re in search of a medium cap coin within the cross-chain house, then Ren (REN) is a good possibility. The coin is designed to supply cross-chain liquidity throughout numerous blockchains. Additionally it is pretty new and below the radar, having launched in Could final yr. In the intervening time, REN has a market cap of round $350 million. There’s a lot nonetheless to come back from this undertaking.
Synapse (SYN)
Synapse (SYN) is designed to work kind of like a bridge between Layer 1 and Layer 2 options. It does this whereas nonetheless sustaining total effectivity as nicely. The coin has a market cap of about $450 million as we converse.