Other notable gainers were
Stellar (XLM) up 4.03% at $0.43.
Avalanche (AVAX) traded 30% higher at $54.66.
Why It Matters: Shapeshift, a crypto management platform released a report on DOT,
Near Protocol (NEAR), and
Cosmos (ATOM) on Wednesday.
The company’s head of research Kent Barton said in the report that scaling challenges have “opened the doors to other smart contract blockchains.”
Barton said while these platforms don’t have “the critical mass of developers, users, and projects that Ethereum enjoys,” the issues are not “intractable.”
On Wednesday, Curve Finance, a large automated market maker on ETH, said it would bring its platform to Polkadot’s Equilibrium parachain. The AMM would exist on both ETH and DOT, CoinDesk reported.
ShapeShift Publishes Report on Cosmos, Polkadot and NEAR Decentralized Protocols
Analysis is the first of a series that assesses emerging smart contract blockchains
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DENVER, Feb. 10, 2021 /PRNewswire/ ShapeShift, an international, non-custodial cryptocurrency leader, announced the availability of a new, in-depth report titled New Frontiers: A Deep Dive Analysis of the Cosmos, Polkadot, and Near Protocols. The analysis reviews three emerging smart contract blockchains (or, blockchains that can run a wide variety of decentralized applications).
While blockchains like Bitcoin and Ethereum have grown in mindshare, adoption and sophistication, lesser-known blockchains are proliferating. This series will provide blockchain, cryptocurrency and Web 3.0 development enthusiasts with an in-depth review of the opportunity and state of evolution of the three emerging platforms. The report is the first of a series called New Front
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