MEXC Top 10 Hot Futures Projects in the Last 7 Days

From MEXC’s overall trading data of futures trading, the most popular mainstream tokens are BTC, ETH,XRP, MATIC and SOL; other popular tokens are OP,DYDX,CHZ,DOGE, and HNT.

Optimism (OP) is a layer2 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.

Optimism is designed around four core tenets: simplicity,pragmatism,sustainability, optimism.

The ecosystem further emphasizes pragmatism and is driven by the real-world needs and constraints of its own team and the users engaging with the ecosystem. Hence, Optimism aims to build iteratively and implement features like EVM equivalence gradually.

Optimism’s design process is built around the idea of long-term sustainability and not taking shortcuts to scalability. That is why it uses optimistic rollups and takes advantage of the consensus mechanism of Ethereum to scale the network. Blocks are constructed and executed on the L2 (Optimism), while user transactions are batched up and submitted to the L1 (Ethereum). The L2 has no mempool, and transactions are immediately accepted or rejected. This guarantees a smooth user experience while ensuring security through the Ethereum consensus mechanism.

Transactions are submitted to Ethereum without direct proof of validity and can be challenged for a certain period of time (currently seven days). After that, a transaction is considered final. That is why withdrawals from Optimism to Ethereum take seven days to complete.

The initial token supply is 4,294,967,296 OP tokens.Early users of the network has been granted the opportunity to receive OP airdrops in Q2, 2022, which accounts for 5% of the asset’s total supply.

DYDX (dYdX) is the governance token for the layer 2 protocol of the eponymous non-custodial decentralized cryptocurrency exchange. It serves to facilitate the operation of layer 2 and allows traders, liquidity providers and partners to contribute to the definition of the protocol’s future as a community.

Built on Starkwire’s StarkEx scalability engine, layer 2 is used for trading of cross-margined perpetuals on the platform. The scaling solution allows dYdX to increase transaction speed, eliminate gas costs, reduce trading fees and lower minimum trade sizes on the protocol.

dYdX raised $65M in Series C funding,led by Paradigm,with participation of HaskKey, Electric Capital, Delphi Digital .Past investors include Polychain Capital, Three Arrows Capital and Wintermute.

Chiliz(CHZ) is the leading digital currency for sports and entertainment by the eponymous Malta-based FinTech provider. It operates the blockchain-based sports entertainment platform Socios, which enables users to participate in the governance of their favorite sports brands.

Chiliz has already formed partnerships with UFC and the Professional Fighters League, but the company has made most of its inroads in Europe; it launched fan tokens via its blockchain-based Socios.com platform for top soccer clubs such as AC Milan, Juventus, AS Roma, Paris Saint-Germain and FC Barcelona.

Chiliz has raised a total of $66M in funding over 2 rounds,led by Jump Trading.

Dogecoin (DOGE) is based on the popular “doge” Internet meme and features a Shiba Inu on its logo. The open-source digital currency was created by Billy Markus from Portland, Oregon and Jackson Palmer from Sydney, Australia, and was forked from Litecoin in December 2013. Dogecoin’s creators envisaged it as a fun, light-hearted cryptocurrency that would have greater appeal beyond the core Bitcoin audience, since it was based on a dog meme. Tesla CEO Elon Musk posted several tweets on social media that Dogecoin is his favorite coin.

Helium (HNT) is a decentralized blockchain-powered network for Internet of Things (IoT) devices.

Launched in July 2019, the Helium mainnet allows low-powered wireless devices to communicate with each other and send data across its network of nodes.

Nodes come in the form of so-called Hotspots, which are a combination of a wireless gateway and a blockchain mining device. Users who operate nodes thus mine and earn rewards in Helium’s native cryptocurrency token, HNT.

Helium has raised $200 million in a Series D funding round at a $1.2 billion valuation,led by Tiger Global and FTX Ventures.Existing investors include Khosla Ventures, GV, Multicoin Capital, Munich Re Ventures and FirstMark Capital.

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