With the development field emerging as a lucrative one in the crypto sector, Osmosis, dYdX and Synthetix led the pack last month on the foundation of surging GitHub activity.
Meanwhile, Borroe Finance ($ROE) is showcasing its prowess in the Web3 sector thanks to its quest to change the cumbersome fundraising process through its revolutionary peer-to-peer (P2P) marketplace, making it a notable EOS rival.
Borroe Finance as an Ideal Web3 Platform
Given that the fundraising process is marred with bureaucracy, rigidity, and lengthy delays, Borroe Finance looks at the other side of the coin through its AI-enabled and NFT-powered marketplace.
Specifically, Borroe Finance enables Web3 content creators, businesses, and artists to raise instant working capital by using their outstanding payments as collateral. As a result, Borroe Finance is showcasing itself as one of the top DeFi projects that are rendering real-world solutions in the crypto market.
Interestingly, these future earnings are minted as non-fungible tokens (NFTs), which are traded off on Borroe Finance’s marketplace for instant cash.
With Borroe Finance materializing as one of the notable liquidity pools it is changing the game by enabling Web3 users to get value for money since the generated NFTs can later on be resold on secondary markets.
Borroe Finance is Powered by the Polygon Network
Given that Borroe Finance is founded on the Polygon blockchain, the ecosystem continues to show its commitment to rendering cheap, fast, and efficient transactions so that the Web3 revenue financing process can be as seamless as possible.
Furthermore, artificial intelligence (AI) is at the heart of the Borroe Finance network since it boosts risk assessment by providing Web3 users with real credit scores that come in handy in determining their loan eligibility.
As a result, the fear of missing out is continuously penetrating the Borroe Finance ecosystem since its governance token called $ROE is witnessing exponential growth.
For instance, at least 274 million $ROE tokens have been bought at presale with more than $3.52 million raised.
Therefore, these statistics are making a strong case for Borroe Finance being one of the viral token launches that is taking the crypto sector by storm.
Borroe Finance’s quest of onboarding more Web3 players is paying off as more investors continue investing in the ecosystem, making it one of the top crypto coins.
OSMO, DYDX and SNX Show Heightened Development Frequency
According to Santiment, Osmosis (OSMO), dYdX (DYDX), and Synthetix (SNX) emerged the victor in terms of development activity.
The leading on-chain metrics provider added, “This list is compiled by counting any non-redundant GitHub activity, and averaging this daily activity over the past 30 days. Osmosis currently leads the Decentralized Finance factor in this category.”
Source: Santiment
Osmosis, a leading DEX (Decentralized Exchange) on the Cosmos network, took the lion’s share in terms of development activity. Furthermore, OSMO has been witnessing a skyrocketing total value locked (TVL) thanks to heightened investor interest.
For instance, Osmosis witnessed an increase of more than 239% in its TVL in just four months to recently hit $245.81 million, according to DeFiLlama data.
The Cosmos network has been witnessing a beehive of activity thanks to intensified airdrop farming on its ecosystem, with Osmosis being a major beneficiary.
dYdX another prominent DEX emerged second, with its total value locked also soaring from $346 million to $521 million in a span of less than a month. This uptrend was boosted by its decision to enter the Cosmos ecosystem after exiting the Ethereum network.
On the other hand, Synthetix, a top derivatives liquidity protocol, closed the top three list. Therefore, OSMO, dYdX, and SNX are altcoins to watch going forward.
Learn more about Borroe Finance ($ROE) here:
Visit Borroe Finance Presale | Join The Telegram Group | Follow Borroe Finance on Twitter
Disclaimer: This is a paid release. The statements, views and opinions expressed in this column are solely those of the content provider and do not necessarily represent those of Bitcoinist. Bitcoinist does not guarantee the accuracy or timeliness of information available in such content. Do your research and invest at your own risk.