There are over 2.4 million active crypto projects according to coinmarketcap, but how many of these projects are actually working according to the needs of the community? Only a few understand how to utilize the blockchain power to make the world a better place . Let’s discuss the top three crypto projects that are currently making waves in the crypto space.
Ripple Labs’ XRP has been famous long before the SEC started the legal battle against it. The XRP ledge helps financial institutions to settle cross-border payments in seconds and costs under a penny as fees. In the latest development, the crypto asset management firm, Bitwise has applied to launch XRP ETP. The investors and traders are very excited with this news. The community is also talking about the SEC filing appeal for the August 7 court ruling. Both these news brought the token back into the spotlight.
With its core vision to empower the DApps ecosystem, Aptos has been working to bring blockchain for the mainstream adoption of Web3. The project has recently acquired Japanese blockchain developer firm HashPalatte Inc, who has developed Palette blockchain. This strategic move helps Aptos to enter the blockchain ecosystem of Japan. The acquired company has already established its ties with multiple Japanese firms, giving an upper hand to Aptos. The Palette Chain as well its applications will be migrated to Aptos network by 2025.
That’s just one recent success of Aptos. Franklin Templeton has launched its OnChain U.S Government Money Fund on Aptos blockchain. This move highlights that Aptos is gaining institutional interest.
The Web3 services platform Chainlink has joined hands with the interbank messaging service SWIFT. This collaboration aims to build an ecosystem where crypto assets can co-exist with the traditional financial system. These partners have already tested tokenized transactions over various private and public blockchains. SWIFT is planning to pilot live digital asset transactions in 2025.
These three cryptos are working to bring the use cases of blockchain technology to the real world and not just for investing and trading. With such projects in the market and institutions gaining interest in the technology, blockchain soon will become a mainstream tool not just for recording data but also for transactions.
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