Dec 2, 2024: Our weekly Institutional Insights explores the latest market developments — market performance, industry news, exchange-traded fund (ETF) flows, trending topics, upcoming events and token unlocks — to help you supercharge your crypto trading.

 explores the latest market developments — market performance, industry news, exchange-traded fund (ETF) flows, trending topics, upcoming events and token unlocks — to help you supercharge your crypto trading.

Weekly Highlight — U.S. Economy Growth Driven by Improved Productivity

If U.S. economic growth is strong, why is the Federal Reserve considering interest rate cuts? This question was recently posed to Fed Chair Jerome Powell. Instead of focusing solely on the Fed's actions, we should explore the reasons behind the robust growth, and see how it can be sustained.

Real GDP is expected to exceed pre-pandemic levels for the second consecutive year. Typically, strong growth raises concerns about overheating, but inflation has actually fallen. Recent growth is largely due to increased productivity and a growing workforce, which are not inflationary and can help rebalance supply and demand.

A significant factor behind this success is the rise in labor productivity, averaging 2.3% over the past two years — faster than the four years before the pandemic. This uptick is linked to a surge in new business applications, especially in the tech sector, as the pandemic's economic shifts and relief measures lowered barriers to entrepreneurship, particularly benefiting underrepresented groups.

The boost in productivity also reflects workers moving to roles better suited to their skills, a trend accelerated by the 

. This mobility has been essential for productivity gains, as higher job turnover correlates with increased business dynamism.

However, sustaining higher productivity is a challenge. The Fed must avoid overly restricting the economy, as high interest rates can deter investment in technology. Additionally, a gradual cooling of the labor market, with declining job quits, is concerning.

For policymakers, monitoring labor market dynamics and business formation is crucial. If these indicators decline, productivity and growth could wane. The U.S. economy has made significant progress, and maintaining this momentum is essential.

Weekly Crypto Highlight — Sui Is Poised for Growth

Bybit has released the Sui ecosystem report, with its key takeaways below. (Read the full report 

: Sui has achieved impressive performance, processing over 297,000 transactions per second (TPS) while maintaining low latency. This positions it among the fastest blockchains available.

: In 2024, Sui's market capitalization skyrocketed over 1,000%, reaching $9.5 billion and reflecting strong investor confidence and growing adoption.

: The total value locked (TVL) in Sui’s DeFi ecosystem has surpassed $1.5 billion, ranking it 11th among major blockchain networks and highlighting its rapid growth in 

: The launch of the Grayscale Sui Trust has significantly increased institutional interest, resulting in an 89% price surge for the SUI token in Q3 2024, indicating its appeal to accredited investors.

: Sui is making strides in the gaming sector, introducing the SuiPlay0X1 handheld gaming device and various 

, enhancing user engagement and expanding its ecosystem.

Developed by Mysten Labs, Sui is a Layer 1 

 (PoS) blockchain launched on May 3, 2023. Its object-centric data model allows for parallel transaction processing, enhancing throughput and reducing latency. Its use of the Move programming language ensures resource safety through rigorous bytecode verification, mitigating common blockchain vulnerabilities.

: Partnerships with firms like Copper and Zero Hash strengthen Sui’s infrastructure and credibility in the financial sector, enhancing its offerings in digital asset custody and transaction facilitation.

: Sui’s DeFi sector is thriving, with leading protocols like 

 offering diverse financial services. In gaming, initiatives such as the SuiPlay0X1 device and various web3 projects bolster user engagement.

In summary, Sui is poised for continued growth, driven by technological innovations that are expanding its presence in both DeFi and gaming.

Advanced

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Weekly Institutional Insights: Sui Poised for Growth; U.S. Economy Driven by Productivity Growth

Chill Guy is a viral meme illustration that took social media by storm before a crypto project used the meme to launch a Solana-based token. Learn more here.

What started as a simple illustration of a laid-back dog has become a global meme sensation, with the cartoon character known as Chill Guy dominating both social media trends and cryptocurrency markets. Created by artist Phillip Banks in October 2023, the easygoing canine character sparked a viral movement that has attracted major brands worldwide.

This article follows Chill Guy’s transformation from a social media sensation to a cryptocurrency asset. We'll examine its viral beginnings, community growth, market impact and what potential investors can expect from CHILLGUY in the future.

 is a viral meme illustration by artist Phillip Banks, depicting a laid-back dog in casual clothes whose easygoing attitude took social media by storm before a crypto project used the meme to launch Just a Chill Guy as a Solana-based token.

What Does Just a Chill Guy Aim to Achieve?

The CHILLGUY meme coin aims to spread a "Why worry?" philosophy into cryptocurrency markets by embracing the laid-back, stress-free attitude that made the original meme go viral. The project transforms this easygoing vibe into a community-driven token, where being low-key isn't just a catchphrase — it's a shared mindset among holders.

The CHILLGUY community brings this philosophy to life by sharing endless variations of the CHILLGUY meme across social platforms. Through market swings and viral trends, CHILLGUY keeps his iconic pose: hands in pockets, subtle smirk, perpetually relaxed.

Just a Chill Guy (CHILLGUY) operates as a Solana Program Library (SPL) token on the 

 blockchain, leveraging the network's ultrafast speeds and low costs to ensure smooth trading. The token was created using Pump.fun, a specialized platform that lets users launch Solana-based tokens without any fees, removing traditional barriers to token creation.

CHILLGUY is a community takeover (CTO), meaning it's completely owned and directed by its token holders with no central team in control. This decentralized structure ensures the project stays true to its community-driven nature, its holders collectively guiding its future while embodying the laid-back spirit of the original meme.

The CHILLGUY token launched with a maximum supply of 1 billion tokens, of which 999,965,435 are currently in circulation. This near-complete distribution of tokens to the market supports active trading and community participation.

What makes CHILLGUY's tokenomics particularly notable is its widespread distribution across more than 142,000 unique holders (as of Nov 27, 2024), achieved in just 12 days. This rapid expansion of its holder base demonstrates strong community adoption and aligns with the project's decentralized, community-driven principles.

CHILLGUY has exploded across social media, especially on TikTok, where the meme has amassed hundreds of millions of views. Its laid-back character resonates with users worldwide, inspiring countless creative adaptations.

Major brands worldwide have embraced CHILLGUY in their marketing campaigns. From Sprite Europe to NFL on CBS, the character has resonated across mainstream media, even catching the attention of global figures like El Salvador's president Nayib Bukele.

The “Chill Guy” meme’s influence spans multiple social media platforms, with a growing community of followers: 96.6K on X (

). On the other hand, the meme token itself also has a vast community, with 39.9K on X (

) and an active Telegram channel of over 15,000 members. These numbers reflect the meme's ability to engage audiences across different platforms.

The token's popularity in cryptocurrency markets matches its social media success, with CHILLGUY maintaining a substantial 24-hour trading volume of over $330.03M as of Nov 27, 2024. This high trading activity demonstrates the strong market interest in CHILLGUY beyond its meme status.

Looking to trade Just a Chill Guy tokens? Bybit now offers the CHILLGUY/USDT Spot trading pair and CHILLGUYUSDT Perpetual contract. To get started, you’ll first need to create a Bybit account, then fund it with cryptocurrency and navigate to the 

While CHILLGUY has maintained strong trading volumes and continues gaining mainstream attention through its viral social media presence, investors should carefully weigh its strengths and risk factors before making investment decisions.

With its widespread brand adoption, sustained trading activity and explosive community growth of over 142,000 holders, CHILLGUY demonstrates significant market potential. However, meme coins are inherently volatile. Potential investors should 

 and invest no more than they can afford to lose.

CHILLGUY is the latest viral sensation to harness the power of the attention economy to convert social media momentum into crypto market success. While CHILLGUY has already demonstrated its ability to capture mass appeal, its position as a leading meme token will depend upon how effectively it maintains its cultural relevance and community engagement in this fast-moving market.

Intermediate

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Just a Chill Guy (CHILLGUY): Embracing the Art of Nonchalance

Zircuit (ZRC) combines optimistic and ZK rollups with AI-driven security, offering fast, low-cost Ethereum Layer 2 solutions. 

 network has flourished, mainly due to the ongoing network congestion, high fees and poor scalability of the latter. Many of these platforms use rollup technology, whereby batches of multiple transactions processed off-chain are bundled together and posted in bulk to the underlying Layer 1. Ethereum-linked rollups mainly come in two varieties 

 (ZK). While optimistic rollups boast lower computational overhead, the ZK variety of these networks features a higher degree of security.

Zircuit (ZRC) is a Layer 2 chain that adopts a hybrid approach, combining the elements of optimistic and 

. This lets the platform offer the performance benefits of optimistic technology along with the security of ZK validity proofs. To further enhance overall security, Zircuit uses a unique 

 (AI)–driven system of monitoring for malicious transactions.

 (ZRC) is a hybrid Layer 2 blockchain that combines the features of optimistic and ZK rollups, and uses AI-driven monitoring for potentially harmful transactions. 

 rollup development technology, a popular framework for building optimistic rollup networks. Additionally, it uses zero-knowledge proofs, which lets the platform offer the best of both worlds 

 the performance benefits of optimistic rollups and the security of ZK technology. Zircuit is 

The Zircuit project takes security very seriously, and has introduced a unique system of AI-based protection against malicious transactions at the sequencer node level. The use of ZK proofs and an AI-based protection system make Zircuit one of the most secure platforms in the competitive world of Ethereum Layer 2 chains.

Along with its excellent security benefits, Zircuit also boasts low costs, fast transactions, excellent scalability and 2-second block production intervals. All these features make it an ideal environment for 

 (DApps) in various niches, particularly 

 (DeFi). In fact, the leading protocols within the Zircuit ecosystem are all dedicated to the finance niche, with Zircuit Staking being the largest application by TVL.

With its heavy focus on DeFi, Zircuit aims to become a leading liquidity hub for various token types within the sector, including 

. These assets can be staked through the Zircuit staking program — supported by the platform's Liquidity Hub — to earn staking APRs, airdrop rewards and points based on the Zircuit Point program (covered further in our article).

The platform also operates a secure native bridging solution, 

, to help users transfer assets between its Layer 2 network and Ethereum Layer 1.

The company behind the project, Zircuit Ltd., was founded in 2021 in Canada by Dr. Martin Derka, Jan Gorzny and Angel Xu. Zircuit's testnet was launched in November 2023, but made headlines in April 2024 when the project reported that its 

 (TVL) had soared past $2 billion. While testnet TVLs are more a gauge of future potential for a blockchain than an indicator of its existing worth, the news attracted the attention of industry observers toward the platform. Following its highly publicized testnet success, Zircuit launched the first phase of its mainnet in August 2024. This was followed by the launch of the platform's native token, ZRC, in November 2024.

As a typical rollup, Zircuit uses an off-chain sequencer node to batch and organize Layer 2 transactions for subsequent posting to the underlying Ethereum Layer 1. The batches have ZK validity proofs attached to them to signal to Layer 1 validators that they’re free from fraudulent transactions. Zircuit's architecture also includes prover nodes, whose job is to produce these validity proofs.

However, unlike other rollups using ZK proofs (also known as validity proofs), Zircuit doesn't generate validity proofs for every block of transactions. Instead, some blocks have pre-generated template proofs, while others go through the process of having a dedicated validity proof created for them. After a few blocks featuring validity proofs, there are several more that utilize template proofs. The image below illustrates this approach.

The key reason Zircuit has adopted this form of proof design is that the process of generating ZK proofs is computationally intensive. By using template proofs for some of the blocks in a sequence, Zircuit can reduce the overall computational overhead. However, the project’s team has stated that the template proof model is temporary, and will be phased out in the future. At that stage, the platform will move to generating ZK proofs for each block.

Zircuit features a highly modular design whereby provers — responsible for generating validity proofs on the platform — can easily be plugged into or removed from the network. This modular approach is distinct from the standard ZK rollup design, in which provers are more tightly and less flexibly integrated into the overall architecture.

As noted earlier, Zircuit uses a dedicated sequencer to organize and batch transactions into blocks. The platform also applies AI-driven monitoring at the sequencer level (the Sequencer Level Security, or SLS) to spot and exclude fraudulent transactions before they’re finalized on Layer 2.

When transactions are first posted to Zircuit, they enter the 

 — a temporary area from which the sequencer picks and organizes individual transactions into blocks. The mempool is being monitored at all times, using AI algorithms to identify suspicious transactions. If a transaction in the mempool raises a flag, it's quarantined and assessed for validity before the sequencer can include it in a block. The image below shows how this process works.

One of the distinct features of Zircuit is its hybrid architecture, which combines the properties of optimistic and ZK rollups. At the base level, Zircuit is built using Optimism's Bedrock development framework, a technology popular for optimistic rollup networks. However, the use of ZK proofs — or, to be more precise, a combination of validity proofs and template proofs — ensures that Zircuit enjoys a security level that standard optimistic rollups normally can't match.

The use of AI-based SLS provides robust security to Zircuit, complementing the already highly secure ZK proof system. Very few Layer 2 networks in the industry currently feature anything similar, making the platform a true pioneer of AI use for sequencer-level operations.

Like any rollup based on Optimism Bedrock, Zircuit enjoys EVM compatibility. This allows for smooth interoperability with the underlying Ethereum Layer 1. EVM compatibility also makes it easy for developers familiar with Ethereum’s environment to develop Zircuit-based DApps, or to port existing Ethereum applications to the platform. Developers can take advantage of technologies commonly used for Ethereum (e.g., the Solidity programming language and the Hardhat development framework) to build Zircuit applications and smart contracts.

Zircuit Bridge is a native bridging solution designed to easily transfer tokens between Ethereum and Zircuit. It boasts high security, low transaction fees and fast transfers, and allows users to move a variety of cryptocurrencies between Ethereum and Zircuit, including ETH, 

) and LRTs like Super Symbiotic LRT (weETHs). As of late November 2024, the total number of cryptos supported by the bridge is close to 30.

Zircuit has launched a reward program called Zircuit Points. Users can earn these Points by staking supported assets, and by participating in the Build to Earn initiative (more on this below). Accumulated points will be converted to ZRC tokens in the future. Points also create the opportunity to qualify for token airdrops.

The primary way for most users to earn Zircuit points is via 

. The Zircuit Staking program lets you stake LSTs, LRTs, popular stablecoins, some wrapped tokens and Ether (ETH) to earn points. Using LSTs and LRTs, you can earn yields (along with native Zircuit staking APRs and Points) from the respective staking and restaking platforms that issue these assets.

Zircuit Points earned via staking have different multipliers, depending upon the asset. For example, Ether has a multiplier of 0.5, while LSTs, LRTs and stablecoins have a multiplier of 1. Multipliers for different LST and LRT assets may be subject to change in the future.

Build to Earn is another way to qualify for Zircuit Points. The program allows developers to contribute to the Zircuit ecosystem and earn Points in a number of ways, including:

Launched in November 2024, ZRC is the platform's native cryptocurrency. It's an 

 asset deployed on both Zircuit and Ethereum Layer 1. ZRC is mainly used for reward distributions, and participation in token airdrops for ecosystem DApps. Currently, transaction fees on the network are paid in Ether. It's possible that, in the future, ZRC might be used for some transaction fee payments.

ZRC is also used for rewards under the Gas Rebate program. As users conduct transactions on the platform, they 

. Zircuit’s Gas Rebate program provides rebates to offset some of the incurred fees. The amount of ZRC earned as a rebate is proportional to the amount spent on gas in ETH; the project's documentation states that for each ETH spent on gas, the user earns 125% in ZRC. All kinds of gas fee payments qualify for the rebate, including ordinary asset transfers and transactions involving interaction with Zircuit DApps.

ZRC is a supply-capped token, with a maximum and total supply of 10 billion. The token's supply allocation shares are as follows:

The ZRC token is available on Bybit's Spot market as a swap pair with USDT (

 to grab a share of the 5 million ZRC prize pool. New users who sign up for a Bybit account and complete identity verification can earn ZRC rewards by accumulating a deposit volume of at least 2,000 ZRC, or by depositing 100 USDT and trading 100 USDT worth of ZRC via their first trade with Bybit. 

Meanwhile, existing users can qualify for ZRC rewards by trading at least 500 USDT worth of ZRC on the Bybit Spot market, with the possibility of earning up to 10,000 ZRC based on trading volume. The 

 event will run through Dec 10, 2024, 8:59AM UTC.

Zircuit is among the pioneering Layer 2 platforms to adopt a hybrid design for a rollup network. Thanks to the platform's architecture, users can take advantage of low transaction costs, fast transfers and great scalability while enjoying the benefits of high security delivered by ZK proofs and AI-driven mempool monitoring. AI-based monitoring for fraudulent transactions is a particularly notable feature of the platform and is undoubtedly among the most advanced technologies employed in the blockchain industry.

User security combined with faster and cheaper transactions for the Ethereum network — all in one package — is now feasible, thanks to Zircuit's innovative technology and unique approach!

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What Is Zircuit (ZRC): Where Performance Meets Cutting-Edge Security

Bybit is celebrating its sixth anniversary with the #Super6Bybit event, offering a $1.2 million prize pool and focusing on its bbSOL token.

Daily Top Performer — Virtuals Protocol (VIRTUAL)

On Wednesday, the S&P 500 fell 0.38% as tech stocks dropped and inflation data reinforced a hawkish Fed outlook. Coindesk Indices, an index measuring broader cryptocurrency market performance was down by 0.40%, with Bitcoin and Ether dropping by 1.86% and 1.79%, respectively in the past 24 hours.

Today's top performer is VIRTUAL, which surged 53.6% following the launch of the $MUSIC token by Agentstarter, featuring AI-driven music video capabilities and community-focused tokenomics.

Virtuals Protocol (VIRTUAL), founded in 2021, allows users to invest in and co-own AI-driven virtual assets like companions and influencers. Its model fosters community ownership, transforming AI agents into revenue-generating assets across platforms like Roblox and TikTok. The platform attracts contributors from AI and gaming to drive innovation in virtual economies. 

, using AI to create music videos and offering features like animated videos, voice mimicry, and karaoke tracks. The tokenomics allocate 60% for airdrops, 20% for liquidity, and 10% each for the development team and Virtuals Protocol.

Check Out the Latest Prices, Charts, and Data of 

Bybit is celebrating its sixth anniversary with the 

, offering a $1.2 million prize pool and focusing on its bbSOL token. Launched in September 2024, bbSOL is the first exchange-backed Liquid Staking Token on Solana, providing liquidity and staking rewards. The campaign, running from November 28, 2024, to January 6, 2025, invites participants to build, transform, and supercharge their bbSOL through tasks, leaderboards, and community milestones, increasing rewards. The event combines gaming mechanics, community engagement, and opportunities to win prizes while promoting innovation and growth in the crypto space.

Yesterday, there were no flows in BTC Spot ETFs, including GBTC and non-GBTC categories.

. Stake BNB on Lista's portal to get slisBNB, then deposit it into Astherus to earn airdrop points with multipliers (3X for Lista, 1.15X for Astherus). No lockup is required, and slisBNB is the most efficient option.

Beginner

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Bybit Celebrates 6th Anniversary with $1.2M Prize Pool and bbSOL Supercharging Campaign

Bybit Learn

Altcoins

Waves aspires to be a low-cost, eco-friendly blockchain platform for users to create and launch their own crypto tokens. Find out more about it in this article.

 is a global open-source platform that continues to grow and expand. The platform currently offers a wide range of innovative tools, a cryptocurrency exchange, and more. Focused on energy efficiency and leaving a minimal carbon footprint, the platform's ecosystem is expected to continue to expand thanks to the help of a large development team and strong community.

 (Sasha Ivanov), Waves is a stack of open-source 

 (DApps) that allow users to create new cryptocurrencies. This multi-purpose 

 platform is known for its speed, smaller transaction fees and ease of use. WAVES is the native token of the global open-source platform, and it can be exchanged with a minimal carbon footprint.

Interested to know more? Read on as we explore the uses of the Waves platform and its native cryptocurrency.

Waves is a unique energy-efficient platform for decentralized applications using blockchain technology. Users can create and launch crypto tokens for a variety of uses, such as gaming, finance, personal identification and data applications.

. Currently, over 100,000 transactions are completed on its 

 each day. WAVES tokens have also grown in popularity, with a trading volume of around $300 million daily and a market cap of over $1 billion.

The biggest thing that sets the Waves ecosystem apart from other exchanges is its popular token creation feature, designed to enable users to quickly create custom tokens for low transaction fees. This makes launching a new token similar to creating a traditional web application, so no extensive 

Each new token can be used as a digital currency, in-game object or arbitrary resource. Tokens can be transferred between accounts and traded immediately after creation. To date, over 22,000 tokens have been created on the protocol.

WAVES tokens and tokens created on the blockchain are managed using complex 

. The goal is to make token creation and exchange simple. Using a 

, each transaction on the network is verified prior to completion.

It’s also important to note that the ecosystem contains three different networks: the 

. The Mainnet is the network most users will access; it allows users to submit transactions, generate nodes and earn rewards. The Testnet, as the name suggests, is used for testing new applications and functions prior to release on the Mainnet. The Stagenet is an experimental network used only by the development team.

How Does Waves Crypto Platform Improve Scalability?

 is often a major issue for cryptocurrency platforms. Developers are consistently addressing scalability issues and integrating new features into the platform's protocol. For example, platforms focus on optimizing storage to reduce blockchain network size, allowing them to easily adapt to new implementations.

 and increasing throughput. Currently, the Waves blockchain platform facilitates a throughput of over 47,000 transactions per second (TPS) from a network of 250 validators. While the protocol is similar to Bitcoin’s, it includes several innovative mechanisms that optimize performance.

The protocol determines which nodes will produce the next block in the blockchain. It essentially breaks up the blockchain into keyBlocks, which are created by a randomly chosen proof of stake miner, and a chain of microblocks. The goal is to reduce transaction issues and improve overall transaction speed.

The Waves crypto exchange platform is known as 

. Signing up for the platform takes only a few moments. The web application is very straightforward and allows users to easily manage, invest and trade their crypto. For investors, the exchange offers access to

The Waves ecosystem uses a leased proof of stake (LPoS) consensus mechanism to keep its network running smoothly. This protocol helps to improve security and ensures that only full nodes can confirm transactions. LPoS enables users to lease tokens to a node, making it more likely to generate a new block and receive a reward. This permits smaller token holders to easily participate in the block creation process and receive a percentage of the available rewards.

In order to complete transactions without third parties, blockchain networks utilize smart contracts. Each smart contract is transparent, meaning anyone can view the code and understand it. The script within a smart contract contains several checks, data reading, and operations written in Ride, a domain-specific programming language used for DApps.

, the three types of smart contracts utilized by its blockchain network are DApps, smart accounts and smart assets.

DApps contain callable functions that invoke script transactions, which are used to perform most of the operations on the blockchain,. These include transferring, issuing and 

 tokens. Other callable functions include adding and deleting DApp account data storage entries and setting up sponsorship.

Smart accounts then verify each transaction and order. If the conditions specified in the script are invalid, the transaction cannot take place. This differs from a regular account, which typically only verifies that the transaction was actually sent. Smart accounts check for transaction proofs of signature, current 

Smart assets place specific constraints on transactions when applied. One commonly used script only allows exchanges to be completed at a certain price, but there are several other expressions that can be utilized. Current height, account balances, asset parameters and entries in account data storage can be added to the script to allow for different transaction conditions.

While there are multiple checks, the verification scripts are still very fast, enabling users to quickly complete transactions with a minimal carbon footprint.

Rather than storing cryptocurrency in a centralized location, users can hold their cryptocurrency safely in a personal wallet The wallet feature allows users to store and trade tokens using 

, which offers the lowest transaction fees, according to

. The goal is to grant users complete control over their funds while promoting privacy, energy efficiency and transparency.

One unique feature of the wallet is its ability to generate new private keys if needed. If the digital wallet becomes damaged, users can reinstall a backup to regain access.

, everyone has a voice. Any user can vote on adjusting the exchange, such as modifying transaction fees, interest rates or release dates. The goal is to help make the platform more self-sustaining. This democratic approach also promotes transparency, helping to build trust within the community.

While WAVES is the main cryptocurrency on the Waves blockchain platform, it doesn’t just function as a way to pay for goods and services. There are several assets and tokens that are backed by WAVES. The tokens are used to create new cryptocurrencies within the network. When creating a new token, you can attach scripts written in 

 to the tokens, allowing them to easily launch DApps, smart contracts, and other tokens. Tokens can also be staked on the network so that you can earn rewards.

The Waves platform uses its native token, WAVES, in transactions. The price of these tokens can be exciting to watch, as it changes frequently but has a lot of potential. During its 

 in April 2016, 100 million tokens were launched, raising over $16 million. While the Waves DEX helps to generate liquidity, tokens are frequently traded on 

, Binance, FTX and Kraken. The WAVES token is a top 100 crypto, with a market cap of over $1 billion.

Waves has a very interesting history and has grown rapidly since its creation in 2016. While the network competes with other high market cap blockchain networks, such as 

, Waves offers easy-to-implement solutions. The network’s large development team is consistently testing new features and identifying innovative ways to grow.

While users primarily think of the current Waves ecosystem as a means of creating new cryptocurrencies, it’s actually much more complex. In 2018, the platform added smart contract functions to its Mainnet, helping third parties to build DApps on the platform. Waves has always encouraged 

 developers by offering several tools for creating new applications.

In addition to further exploring the potential of DApps, developers are actively exploring 

, for example, are digital collectibles that enable you to make 

In 2017, the Waves 1.0 platform was first released after an 18-month development phase. Prior to the release of 1.0, founder Sasha Ivanov had offered a

 that describes the adaptation of proof of stake consensus, state storage optimization, smart contracts, and additional improvements to the platform.

Over 2 million user wallets exist on Waves. Its 1.0 version enabled several projects to be successfully introduced without any VC funding.

Waves 2.0 continues to add innovative features to the platform, and could become “one of the most thriving blockchain ecosystems in the world,” according to 

In February 2022, Waves developers began working on its 2.0 upgrade. Among the biggest aspects of the upgrade is the New Consensus which features 

 (EVM) support. The EVM enables developers to create new DApps using the Ethereum platform. EVM support will improve both security and speed while keeping the network decentralized. It will also make the blockchain more accessible to external development teams without the need 

A detailed road map of Waves 2.0 was released in April 2022. It introduces several ambitious milestones for the platform. Here’s a quick timeline to show you what went down in 2022:

Ethereum virtual machine MVP is scheduled for release sometime in summer 2022, but there’s no set date listed on the company’s official timeline (found

The Waves Open Collective is planning on introducing an alternative DAO model to grant DAO participants additional benefits. After the new framework is launched and introduced into the ecosystem, it can be further expanded. This new governance will help to improve the community by adding transparency to the development process. Using the DAO framework, any user will be able to observe processes and decisions made within the ecosystem.

Waves works to connect millions of users to DeFi tools. Cross-chain technology connects blockchain networks, enabling them to easily exchange information while promoting energy efficiency. The platform uses Gravity Bridges to connect a wide range of applications and users. The bridge included in 2.0 would connect users on any EVM-compatible chains, including Bitcoin, Ethereum, Solana and Binance Smart Chain (BSC). Cross-chain finance facilitates greater accessibility for multiple blockchain networks.

Waves has always shown strong interest in NFTs and gaming. One of the many projects the Waves developers are working on is connecting blockchains with different 

. This would be a solution to offering NFTs in games, enabling users to transfer the unique items they own between games. The level 0 Inter-Metaverse Protocol would help game creators easily integrate NFT functions with a 

When looking at historical charts for the WAVES token, it can be difficult to make an investment decision. The token has seen several spikes in price since January 2021, with a 52-week low of $4.16 and an 

 of $63.36 in March 2022. As of July 2022, the price of each token is under $5.

Because these tokens have run up in price quickly in the past, there will always be the possibility it can happen again. According to

, the price of each token could reach $6.32; however, it could also reach potential lows of $4.73.

Many investors are predicting higher prices after the transition to Waves 2.0. There are several innovative features being introduced in 2023, all of which could affect the price of WAVES tokens. Because the platform can be used for NFTs, it could also steadily grow as the NFT market continues to rise.

While there are several reasons why the price of WAVES could climb, it’s equally important to understand the potential reasons why the price per token can fall. Because Waves is in a highly competitive marketplace, other platforms and cryptocurrencies could emerge that are more efficient. Increased regulations from the government could also negatively impact the use of the Waves blockchain network, thus lowering the demand for WAVES tokens.

If you’d like to purchase WAVES tokens as an investment, sign up for an exchange platform. Some investors don’t want to use the Waves platform, but still want to invest in the tokens.

 can be purchased on several different platforms. For example, Bybit enables users to purchase tokens using a mobile app or desktop. You can simply register and verify your account. Then, tap the 

 option and enter the amount of tokens you would like to purchase. In addition to being a secure and reliable exchange, Bybit offers 24-hour multilingual support. This makes it a great choice for new investors.

 to register for a Bybit account and start trading!

Many WAVES investors have bullish predictions, but it’s always important to do your own research before investing your money into a cryptocurrency project. Because the platform has several practical uses and is constantly upgrading features, it could be a good investment, especially with the upcoming release of 2.0.

Waves does more than allow users to create new eco-friendly tokens and trade NFTs with low transaction fees and minimal carbon footprint. The ecosystem has several practical uses, and new features are currently being developed. With a strong community and development team, it’s exciting to think of where the blockchain will go from here.

Waves (WAVES): Ride the Tides of Innovation & ESG Solutions

Grab Up to 5,000 USDT in Rewards

Grab Up to 5,000 USDT in Rewards