1. Mantle Network (MNT)
Mantle Network is a Layer 2 blockchain platform, launched as a scaling solution for Ethereum and developed by BitDAO. Mantle also helps users to optimize costs, improve security and transaction speed. It is considered the leading Ethereum L2 project with a modular network architecture.
For those who don’t know, BitDao is one of the largest DAO (Decentralized Autonomous Organization) in the world. Mantle will serve as the connective tissue for various BitDAO initiatives, such as projects from Game7, EduDAO, dApps, and more.
On July 17, Mantle officially launched the alpha mainnet. This is an important milestone after 6 months of testing the testnet. Its MNT token is currently available on several exchanges such as Bybit, Mex, Uniswap, etc. but with what Mantle is offering, it will surely be listed on many other major exchanges in the near future.
2. Radiant Capital (RDNT)
Radiant Capital is a lending protocol platform that works on top of Arbitrum. This project intends to grow into a cross-chain lending platform, enabling users to engage with different blockchains while borrowing and lending on the same platform. Radiant aims to become the first omnichain money market, which allows users to borrow and lend assets on any chain.
3. MUX Protocol (MUX)
Decentralized exchange MCDEX, after announcing the launch of its V4, officially changed its name to Mux (August 2022). Mux is a Decentralized Self-Custodial Leverage Trading protocol that provides optimal trading features, high liquidity and multiple leverage options for traders.
MUX is a perpetual DEX aggregator that provides users with greater liquidity and lower slippage. Mux Protocol has successfully raised $7 million in a Venture Round with the participation of many investors such as Multicoin Capital, Binance Smart Chain, DeFiance Capital, NGC Ventures, D1 Ventures, Delphi Digital, Alliance DAO, Alameda Research, etc.
4. Optimism (OP)
Optimism is the most prominent Ethereum Layer 2 network now, which is designed to improve the data throughput and execution speed of the Ethereum network by processing offline transactions.
Optimism’s TVL is now over $1 billion. In October 2022, it launched OP Stack – a modular, open-source blueprint for highly scalable, highly interoperable blockchains of all kinds. OP Stack also introduces the concept of Superchains – a network of L2 chains, known as OP Chains, which share security, a communication layer, and an open source technology stack. Currently, many famous projects have announced their participation in Optimism Superchains, such as the famous Base (L2 launched by Coinbase), BNB Chain, Worldcoin, and more.
5. Velodrome Finance (VELO)
Velodrome Finance is a next-generation AMM that combines the best of Curve, Convex and Uniswap, designed to serve as Optimism’s central liquidity hub. It is currently the DEX with the highest TVL on the OP protocol and is expected to become a DEX in the future.