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The tenth phase of Rhythm NEXT is in full swing, and the Year of the Ox continues to look for value projects

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In 2021, look for opportunities and develop DeFi projects.

The Rhythm NEXT event ushered in the tenth event. Since the event was held in 2020, it has attracted the attention of a large number of users. Readers have used the platform to learn about the latest progress in protocol development and more innovative projects.

As the cryptocurrency market continues to heat up, new projects are emerging one after another driven by the bull market, especially in the DeFi field. They brought surprises. The first issue of Rhythm NEXT since the Year of the Ox will continue to be updated, constantly replenished with fresh blood, and continue to look for more valuable projects.

The tenth event will be selected from the following 16 projects according to the popularity of the assistance:

Decentralized Index Protocol ;The Graph;

Ethereum Elastic Blockchain SKALE;

Terra Virtua, a well-known digital collectibles platform;

Composable DeFi platform Furucombo;

Decentralized trading protocol Injective Protocol;

high-performance public chain Solana;

Arweave, a one-time paid permanent storage protocol;

Derivatives DEX rookie Serum;

New Generation Finance Public chain project SperaX;

high-performance Layer 1 public chain Nervos;

decentralized cloud computing blockchain network aelf;

Star sharding project NEAR;

DeFi flow The leading sex mining project Yearn.finance;

Privacy protection browser Brave;

Cross-chain DeFi protocol KAVA;

Ethereum Layer 2 expansion solution Celer Network.

The Graph

The Graph is an indexing protocol for organizing and efficiently accessing data in blockchain and storage networks. The graph currently supports indexing data from Ethereum, IPFS, and POA, with more networks to come in the future. So far, more than 1700 subgraphs have been deployed for applications such as Uniswap, Synthetix, Aragon, Gnosis, Balancer, Livepeer, DAOstack, AAVE, and decentralized. On July 31, The Graph announced the launch of its incentivized testnet.

On October 14, 2020, The Graph announced the completion of two rounds of public offering of tokens, with a total financing of approximately 13 million USD, the token unit price is 0.03 USD. On December 18, The Graph announced the launch of its mainnet, and encrypted trading platforms such as Coinbase and Binance simultaneously launched its token GRT.

Brave

Brave is a free and open-source web browser based on the Chromium web browser and its Blink typesetting engine, developed by Brandon Allen, co-founder of the Mozilla project and creator of JavaScript. gram build. Brave is a privacy-preserving browser that blocks website trackers and removes intrusive web ads. At the same time, Brave launched the BAT cryptocurrency in 2017 and used the token as an incentive to encourage users to earn income by watching advertisements and other means.

According to statistics, more than 3.8 million monthly trading users have used BAT tokens on the platform, so far Created over 13 million Brave/BAT reward wallets.

KAVA

Kava is the first DeFi platform based on the Cosmos cross-chain, dedicated to providing product applications and developers with a permanent financial service infrastructure without threshold.

Kava released its 2021 product roadmap at the beginning of the year, and the roadmap indicates that there will be 3 mainnet updates this year. At the same time, more assets will be integrated. On March 12, Brian Kerr, CEO of Kava Labs, the Kave development team, tweeted that Terry Chen had been hired as its chief operating officer to prepare for the company's IPO/SPAC.

Celer Network

Celer Network is an Ethereum Layer 2 extension solution that not only supports payment transactions, but also supports general off-chain smart contracts, supporting fast, simple and secure off-chain transactions.

In February 2021, Celer Network released its latest solution: Layer2.finance, which aims to reduce The threshold for using DeFi allows the public to no longer have to worry about high transaction fees, and can freely and conveniently use existing DeFi protocols to obtain high returns.

Yearn.finance (YFI)

If Compound is the initiator of liquidity mining, then Yearn.finance (YFI) is the fuel that pushes this activity to a climax. The founder of YFI, Andre Cronje (AC), is a DeFi product developer known as a "workaholic" by the crypto community. He has launched several new products in just a few months, and even produced the "AC" effect.

YFI can be simply understood as a smart bank account executed on the Ethereum blockchain , the account It can automatically allocate your assets to low-risk investment strategies to help users obtain income. And its notable feature is the fair issuance model, and there is no pre-sale or pre-mining of tokens.

Serum

Serum It is a decentralized derivatives trading platform based on the high-performance public chain Solana. Initiated by the Serum Foundation, the platform launched a functional token SRM with a total of 10 billion pieces. Serum runs very fast and supports cross-chain, stablecoins, packaged tokens, order books, and futures transactions.

In August 2020, Serum DEX was officially launched. According to recent official data, the cumulative trading volume of Serum DEX is nearly 5 One hundred million U.S. dollars.

NEAR

Star sharding public chain NEAR since September this year Since then, there have been many good news. On September 25, NEAR’s official account announced that the foundation has completely withdrawn from the operation of nodes, and the NEAR mainnet has been decentralized. Then on October 13, NEAR launched the final stage of the mainnet, and the transfer function has been opened.

As one of the strong competitors of Ethereum, NEAR has obtained investment including Multicoin Capital, Coinbase Ventures, Electric Capital, Homebrew, Amplify, MetaStable, Baidu Ventures, SVAngel, ACCOMPLICE and other investment institutions invested.

Nervos

As one of the representatives of domestic public chains, Nervos has always been concerned by encryption users. Its flexible underlying cryptography primitives enable Nervos to provide an interoperability level 2.0 experience, allowing it to follow the standards of all existing chains, thereby opening up with other existing entrances and realizing the vision of integrating them together. Users can enter the blockchain world from any portal and operate any asset in the digital world, and none of these problems can be solved by inventing a new standard or portal.

SKALE Network

SKALE Network is a Layer 2 expansion solution that is fully compatible with the Ethereum mainnet. Its block generation time reaches the sub-second level, and the throughput of each SKALE chain can achieve 2000tps, and it can deploy full-state smart contracts, support decentralized storage, implement Rollups scheme and EVM machine learning. SKALE closed its public sale on September 11, selling over 167 million SKL tokens worth just over $5 million. This was followed by the announcement of the second phase of its mainnet on October 1.

Terra Virtua

The idea of Terra Virtua was first proposed by the founders Gary Bracey and Jawad Ashraf in 2017. After years of development and clear positioning, Terra Virtua has grown from an area-based The virtual reality entertainment platform of the blockchain economy has developed into a blockchain-based interactive NFT digital collectibles platform, compatible with all major platforms such as mobile phones, tablets, PCs, and of course VR.

Terra Virtua cooperates with many famous brands and IP Collaborate to create collections and their 3D animated models based on them that can interact not only with collectors, but with each other. Previously launched NFT collectibles of "Pacific Rim", "Top Gun", and "The Godfather".

Solana

The Solana network adopts a PoH-based clock mechanism, and also optimizes the consensus mechanism, data broadcasting, parallel transaction processing, and state data storage with a separate node network. In order to achieve high throughput, low latency and low cost while ensuring a certain degree of decentralization and security, it can meet the needs of users in most scenarios.

This year, the Serum project, which was consulted by SBF, became the The first decentralized exchange on the chain that supports cross-chain transactions without third-party trust. On August 14, FTX founder Sam Bankman-Fried tweeted that the Serum project based on the Solana public chain had completed its first on-chain transaction, and the transaction fee was only 0.000005 SOL (approximately $0.000019).

aelf

aelf is a project to build a decentralized cloud computing blockchain network, and the team is based in Singapore. aelf is not only a chain, but a main chain with multiple side chains to reduce traffic and maximize transaction speed and efficiency. The main chain is the core of the ecosystem and is connected with multiple side chains at the same time.

On October 16 this year, aelf Enterprise 1.0.0 RC Version 1 is officially released. On December 10, the aelf mainnet was officially launched. After the mainnet goes live, aelf will follow the new version of the mainnet launch roadmap and complete the work related to the mainnet launch in stages. At the same time, the aelf technical team will continue to improve the functions of the mainnet and focus on building a DApp ecosystem.

Injective Protocol

Injective Protocol is a Layer2 derivatives trading protocol, based on the Ethereum network, which integrates a verifiable delay function (VDF), and passes the proof of elapsed time (Proof of Elapsed Time) A decentralized transaction protocol that avoids transaction cheating and bad transactions by avoiding order conflicts in the same block.

The agreement has recently completed a seed round of financing. Although the specific amount has not been disclosed, the investment comes from well-known institutions and individuals, including Pantera Capital, QCP Soteria, Axia8 Ventures, K42, Krypton Capital, etc.

SperaX

Sperax is a decentralized financial infrastructure supported by top blockchain venture capital institutions OV, FBG, etc., and participated by top North American cryptographers. Sperax was established in Menlo Park, Silicon Valley, USA in 2018. Our current members are mainly located in the United States, Singapore and China. On August 20 this year, Sperax announced the completion of the token sale. A total of approximately 250 million SPA tokens (approximately 4.7% of the total token supply) worth approximately $4.7 million were sold.

Furucombo

Furucombo is a tool built for DeFi users, just like building your own DeFi Lego bricks, without programming, just drag and drop to design custom It belongs to its own DeFi strategy. It visualizes the complex DeFi protocol as a multi-layered composition of operations. Users only need to input/output the relevant token amount, and set the multi-layer operation sequence (we call it "Lego block combination"), and then Furucombo will package all the data sets into one transaction and send it out. It is a great tool for users who want to perform operations across different protocols, especially those who want to take advantage of flash loans.

Arweave

Arweave is a one-time payment protocol for permanent file storage. Arweave provides a storage solution called Permaweb permanent network, which uses the immutable characteristics of the blockchain to directly write the content into the block for storage, so as to realize the so-called permanent storage function.

In March 2020, Arweave completed another $8.3 million strategic Investment, this round of financing was invested by Union Square Ventures, A16Z, and Coinbase Ventures.