Crypto influencer and trader Tyler Swope is naming ten under-the-radar projects that have the potential to blast off in the current altcoin hype cycle.
First on Swope’s list is blockchain scalability platform Matic Network (MATIC), which he says is hosting a layer-two financial product that is racking up tens of millions of dollars in trading volume.
“On Matic, it’s the number one DApp listed on their website, as we can see it’s Polymarket. This is prediction markets for real-world events and it went live on Matic’s layer two… Of all the open market on Polymarket, it equals up to about $32 million in trading volume. Of the resolved since its October launch, about $22 million. So about $54 million since launch four months ago.”
Number two is xDai, a decentralized platform using a stablecoin to power payments. Swope says xDai is hosting a financial product in Perpetual Protocol which he notes is printing hundreds of millions of dollars