Movers of the Day 4-Aug-2022

Tokens and coins that moved the most in the last 24 hours:

The day’s top movers are Anyswap and Flow. MetisDAO has risen by 7.73% since 7 pm.

As illustrated by an adjacent chart showing the NWSBCT (Blue Chips) Index movement over the past 24 hours, the crypto markets have trended sideways. At the same timespan, the 2100NEWS Digital Assets Total Index (NWST1100), which measures 1100 significant (by market capitalization) crypto assets’ performance, has fallen by 1.21%, Bitcoin by 3.37%, and Ether by 3.15%.

Please read the notes to find out which criteria have been selected.

MetisDAO (METIS)

Based on the spirit of Optimistic Rollup, Metis is building an easy-to-use, highly scalable, low-cost, and fully functional Layer 2 framework (Metis Rollup) to fully support the application and business migration from Web 2.0 to Web 3.0. Its scalable protocol supports many use cases, including yield farming, DEX trading, and powering the gig economy via dApps that offer cheap and fast micropayments. Metis integrates the Decentralized Autonomous Company (DAC) framework within its Layer 2 infrastructure. This differentiating factor makes it easy for any developers, builders, or community leaders to build their applications and communities. It also makes it easy to use the pre-set tools to facilitate their development, manage collaboration, and enjoy the network effects of the world’s largest decentralized finance ecosystem, without the costs and bottlenecks usually associated with Ethereum. Metis’ goal is to make building dApps and DACs on its platform so easy to do; even total blockchain novices can make it happen in a matter of minutes.

In the afternoon, the crypto markets went down.Top movers of the day at 19:10 were Keep Network and Flow. Since 2 pm, Keep Network has surged 35.82%, Flow 34.93%. Threshold is 18.01% higher. Since 2 pm, the large caps measured by 2100NEWS Digital Assets 100 Large Cap Index (NWSL100) have decreased by 0.60%. 2100NEWS Digital Assets Total Index (NWST1100) is 1.20% lower. Bitcoin has fallen by 1.38%, Ether 2.00%.

Keep Network (KEEP)

Keep is an incentivized network for storing and encrypting private data on the public blockchain. The network is made of off-chain containers for private data known as keeps, while the KEEP work token enables it to be completely permissionless. Keep solves the main problem holding back blockchain adoption: that data on public blockchains are public. With Keep, developers can finally build fully decentralized apps.  tBTC, a Bitcoin bridge on Ethereum, is the first application built on top of the Keep network. It is an open-source project supported by groups including Keep, Summa, and the Cross-Chain Group. tBTC is a fully Bitcoin-backed ERC-20 token pegged to the price of Bitcoin. It facilitates Bitcoin holders acting on the Ethereum blockchain, accessing the DeFi ecosystem, and earning with their Bitcoin.

The day’s top movers (at 2 pm) are Anyswap and Multichain, soaring 47.13% since 9 am. The crypto markets have trended sideways. On the day, the 2100NEWS DA Indexes, which measure the performance of various groups of tokens and coins, reported losses between -0.88% and -1.83%. Over the last 24 hours, the 2100NEWS Digital Assets Total Index (NWST1100), which measures 1100 significant (by market capitalization) crypto assets’ performance, has fallen by 1.61%, Bitcoin by 2.04%, and Ether by 2.65%.

Multichain (MULTI)

Multichain is the ultimate Router for web3. It is an infrastructure developed for arbitrary cross-chain interactions. Multichain was born as Anyswap on the 20th of July 2020 to serve the clear needs of different and diverse blockchains to communicate with each other. Each blockchain has its own unique services that it provides, its own community, and its own development ecosystem.

The crypto markets trended sideways. The day’s top movers (at 9 am) were Optimism and Perpetual Protocol, surging by 26.80% since midnight. On the day, the 2100NEWS DA Indexes, which measure the performance of various groups of tokens and coins, reported losses between -0.61% and -1.42%. Over the last 24 hours, the 2100NEWS Digital Assets Total Index (NWST1100), which measures 1100 significant (by market capitalization) crypto assets’ performance, has risen by 0.13%, while Bitcoin has fallen by 0.44% and Ether by 0.62%.

Perpetual Protocol (PERP)

Perpetual Protocol is a decentralized perpetual contract protocol for every asset, made possible by a Virtual Automated Market Maker (vAMM). Like Uniswap, traders can trade with our vAMMs directly without needing counterparties. The vAMMs provide guaranteed on-chain liquidity with predictable pricing set by constant product curves. The vAMMs are also designed to be market neutral and fully collateralized. PERP holders can become stakers by staking the PERP tokens in their possession in a Staking Pool. In return, stakers are rewarded with a portion of the transaction fees in stablecoins plus staking rewards in PERP.

Optimism (OP)

Optimism is a layer-two blockchain on top of Ethereum. Optimism benefits from the security of the Ethereum mainnet and helps scale the Ethereum ecosystem by using optimistic rollups. That means transactions are trustlessly recorded on Optimism but ultimately secured on Ethereum.

RSK Infrastructure Framework (RIF)

RIF aims to create the building blocks to construct a fully decentralized internet. All RIF services are designed to facilitate the interaction of the global community of developers and blockchain technology.