Oryen Network Brings a Massive Layer Of Utility With New Staking Dapp, Will XRP And BNB Keep Up?
Disclaimer: The text below is a press release that is not part of Cryptonews.com editorial content.
Utility in DeFi is one of the main aspects that attract investors to a project. Although many DeFi projects have been launched on several networks, some need more utility, making them less viable in the eyes of enterprising crypto investors.
Fantom, XRP, and BNB are some projects that have lured a lot of investments from the crypto world. However, the projects are already over-extended, and their growth curve seems gradual. Oryen network is a decentralized Finance platform whose utility is distributed in several functions, such as staking and yield cultivation.
XRP is a digital asset distributed on Ripple's distributed ledger network. Ripple was founded in 2011 by computer scientists Jed McCaleb and Chris Larsen. Being Ripple's native cryptocurrency, XRP premiered with a total max supply of 100 billion tokens.
Ripple's development gave birth to a faster, cost-friendly (cheaper), energy-conserving, and scalable ecosystem compared to the world's largest blockchain, Bitcoin.
On the other hand, Fantom is an open-source smart contracting platform built on Fantoms' consensus mechanism. The project debuted in 2009, making it to the top list of crypto projects that pioneered the widespread decentralization experienced in the ecosystem today. The project has been around for a long time, making it overextended.
Although Fantom is a solid project, it has been massively affected by the ongoing bearish sentiment that has sent FTM, Fantom's native token, to lows of $0.215 per token from highs of $3.4 experienced in October 2021, during the peak of the crypto bull market. BNB has also risen above the ranks as one of the most exciting crypto
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