Crypto app innovations in 2024

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Pendle

Pendle is a crypto-based speculative platform. 

Pendle has been promoting its product, yield trading, for a short time. The team uses stories from stablecoins as well as infamous people to do so. “DeFi 2.0” The (Olympus DAO), in the long-term bull of 2021. To liquid tokens on Arbitrum and to real assets.

Pendle’s TVL shot up to the billion dollar mark in 2024 when the points meta took off. Pendle’s yield mechanisms, Principle Tokens(PT) and Yield Tokens(YT), remain crucial for any farm or leveraged point strategy.

Fluid

Fluid is the perfect example of innovation. Fluid took DeFi’s most successful primitives such as Uniswap v3’s concentrated liquidity, and Aave’s utilization rate curvatures, then redesigned the traditional AMM liquidity provisioning. 

Then, it is a good idea to use its “smart debt” You can also find out more about the following: “smart collateral” The Fluid DEX liquid pools are multi-million dollars and technically, TVL is $0, thanks to the fluid mechanisms. A clever mix of AMM liquidity pool and users’ lending protocol debts enabled this capital efficiency.

Ethena

The competition in stablecoins is fierce. That makes USDe’s $6 billion market cap achievement very impressive — all within the span of a year.

Prior stablecoins were designed along a spectrum of centralization vs. scaleability (DAI). Ethena instead crafted a number of impressive deals for business development with CEXs, and developed USDe. This scalable stablecoin exploited arbitrage rates in CEX-DEX funding perps to deliver yields to users.

GEODNET

To achieve GPS accuracy of centimeters, companies have deployed thousands of RTK networks around the world, including base stations and mobile robots.

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GEODNET used crypto token incentives to increase the scale of deployment for RTK networks. GEODNET, based on data from November, has deployed more than 10,000 stations in 140 countries. This is a significant increase over the 5,000 units that Trimble and Hexagon had combined.

GEODNET’s cost advantages are significant. Deploying a GEODNET base station costs about $700 or 97% less than the legacy cost of $25,000 This is not innovation. 

Blockworks Research has a report available for free on GEODNET.

Virtuals

Virtuals is the leading virtualization company “picks and shovel” Play the latest AI agent frenzy. 

This is an AI factory where anyone can create a tokenized AI. Like pump.fun the native token for the AI agent will be bonded with a DEX liquid pool (Uniswap) once the $420k criteria is met.

Based on Base Virtuals, it has produced at least 12,000 AI Agents since its conception, such as the popular anime bot Luna. Luna is available 24/7, and you can tip her with the agent token.

Virtual’s innovation is a result of combining many pieces, including LLMs, crypto wallets with innovative tokenomics that add value, NFTs for storage and IPFS. 

See this post by Chainofthought for more information.

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leadzevs/ author of the article

LeadZevs (John Lesley) is an experienced trader specializing in technical analysis and forecasting of the cryptocurrency market. He has over 10 years of experience with a wide range of markets and assets - currencies, indices and commodities.John is the author of popular topics on major forums with millions of views and works as both an analyst and a professional trader for both clients and himself.

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