Ripple’s RLUSD stablecoin has gained momentum in decentralized finance (DeFi), attracting significant supply to Aave’s V3 Ethereum Core market, with a notable amount in loans taken. 

Daily top performer — Sui Network (SUI)

The S&P 500 gained 1.67% on easing trade tensions and Fed reassurance, but pared gains after tariff cut hopes were downplayed. Gold fell from its $3,500 high, signaling a bearish reversal. Key support lies near $3,167, with further downside possible. The Coindesk Indices, which tracks the broader crypto market, fell 0.53%, with Bitcoin and Ether up 2.19% and 5.92%, respectively, in the past 24 hours. Trade these markets and more with up to 500x leverage on Bybit MT5 using this 

Today's top performer is SUI, up 7.3%, following OVERTAKE's partnership with Sui to build a scalable and trustless game asset trading platform.

Sui Network (SUI), founded in 2022, is a Layer 1 blockchain by Mysten Labs, built to improve web3 scalability, speed, and security. It aims to reduce smart contract latency and support innovative NFT gaming, like Sui Monstar, with a developer-friendly environment. 

, efficient game asset trading platform. Leveraging Sui’s object-centric architecture, parallel execution, zkLogin, and modular infrastructure, OVERTAKE aims to enable trustless trading, verified in-game assets, and a real, on-chain game economy.

Check out the latest prices, charts, and data of 

 has gained momentum in decentralized finance (DeFi), attracting significant supply to Aave’s V3 Ethereum Core market, with a notable amount in loans taken. Initially slow, the stablecoin's growth has accelerated after its debut on Aave. RLUSD has a market cap close to $300 million and a supply cap, with borrowing limited to a specific amount. Ripple aims for RLUSD to become a top-five stablecoin by year-end. Ripple's collaboration with Chainlink enhances RLUSD’s utility across both institutional and DeFi applications.

Yesterday, BTC spot ETFs saw $273.8M in total inflows, all from non-GBTC funds.

, with 10% of MILK’s 1B supply allocated for eligible users—mPoint holders, oolitia NFT holders, and milkINIT testers. Opt-in is required for CEX claims; wallet claims need no action. Pre-deposits close April 26, 12 PM UTC.

Beginner

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Ripple’s RLUSD stablecoin gains momentum with Aave integration and growing DeFi presence

VanEck’s BNB Spot ETF proposal could bring BNB to U.S. markets, expanding access and marking a key milestone for BNB Chain's growth in regulated finance.

After the US Securities and Exchange Commission (SEC) approved spot exchange-traded fund (ETF) products based on 

 (ETH) in 2024, a flurry of new altcoin ETF applications emerged in early 2025. Many prominent asset management firms are vying for the approval of their ETF products, based on coins like 

 (AVAX) and others. Even some smaller-cap meme coins, specifically Pudgy Penguins' 

, have joined the SEC's ETF waiting list.

Given that most top cryptos already have their ETF applications filed with the country's financial regulator, it's little surprise that BNB Chain's 

, the fifth-largest cryptocurrency by market capitalization, has joined the bandwagon. In late March 2025, the New York–based global investment management giant VanEck registered a trust entity named VanEck BNB ETF in the US state of Delaware. The registration is an early sign that the acclaimed investment manager is planning to lodge a BNB ETF application with the SEC.

If approved, it will be the first US-based BNB ETF product on the market, likely leading to significant growth within BNB Chain's already well-established ecosystem.

On Mar 31, 2025, one of the leading asset managers in the world, VanEck, registered a trust named VanEck BNB ETF in the US state of Delaware. This is the strongest imaginable indicator that the company plans to subsequently launch an application with the SEC for the ETF’s approval. If approved by the regulator, the product will be the first spot ETF in the US to track BNB coin. As of the time of this writing (Apr 23, 2025), VanEck hasn't formally applied with the SEC, but this step is likely imminent.

Following the SEC filing, BNB coin will join a long list of other leading cryptocurrencies whose spot ETF applications have been lodged with the US regulator. Over the past few months, the SEC has received spot ETF applications for Solana, 

The VanEck BNB Spot ETF will track BNB coin, allowing holders to invest in the asset without directly holding it. While BNB is among the most popular assets in the crypto market, many investors are eschewing it and other cryptocurrencies due to their unregulated nature. Upon approval, the ETF product would be available for trading on regulated stock exchanges.

The exact composition of a crypto ETF product is usually unknown before its application is filed with the SEC. Therefore, we can assume that at this stage the ETF will be based entirely upon tracking BNB coin. Any additional components, such as minor holdings of other assets such as cash equivalents, could theoretically be included, but this will only be known upon VanEck’s formal application to the SEC.

VanEck itself is among the leading ETF issuers in the finance industry and is a pioneer of crypto ETFs. The firm already offers approved 

, and has filed applications with the SEC for spot ETFs based on several other cryptocurrencies, including a 

Currently, there’s no ETF in the US based on the BNB coin. In that respect, VanEck’s registration is the first serious effort to introduce such a product. Internationally, there is one exchange-traded product (ETP) that tracks BNB — the 21Shares Binance BNB ETP (ABNB), listed on the Swiss Stock Exchange. This ETP is offered by 21Shares, a leading digital asset management firm based in Zurich, Switzerland.

. ETPs may be based on various assets, such as stocks, bonds, commodities or cryptocurrencies. However, ETFs often offer better liquidity, lower fees and greater tax efficiency than other types of ETPs.

In short, despite the presence of the ABNB ETP on the market, the BNB ETF landscape remains an empty niche, as the 21Shares product isn’t a full-fledged ETF and has no regulatory approval in the US.

Current impact of BNB ETF applications on the crypto market

VanEck’s BNB ETF application — or, to be precise, its registration in Delaware — has so far had no immediate impact on the coin’s market price. In fact, BNB coin is currently trading at $615.68, barely different from its price of $600 in the early days of April when news of the ETF’s registration first surfaced.

BNB is a major cryptocurrency featuring at least one billion dollars in daily trading volumes. The news of VanEck's initiative is unlikely to seriously affect BNB’s price. However, if the ETF ultimately gains approval from the SEC, such a development may have a significant positive impact on the crypto's future price.

What will it mean if a Spot BNB ETF application is approved?

If the SEC approves the Spot BNB ETF, it will likely lead to higher demand for BNB coin — as demand from investors for the product rises, VanEck will need to source more BNB to back its ETF shares. This increased demand would push the price of BNB higher. As noted above, BNB is one of the market's largest cryptos and features substantial trading volumes. Therefore, it's unlikely that a Spot BNB ETF would cause drastic rises in the coin’s price. However, a certain positive price effect is a safe bet, and the magnitude of the effect will be directly related to the popularity of the ETF among investors.

Additionally, the ETF will improve the visibility of the BNB ecosystem, potentially leading to more 

 (DApps) and projects launched on its blockchain.

If approved by the SEC, the Spot BNB ETF by VanEck would usher in a new era for the coin. For the first time ever, BNB as a financial asset would become available through the regulated environment of US stock exchanges. This would not only help support the coin’s price and expand the chain’s ecosystem, but would also be a major reputational gain for Binance, the world’s largest crypto exchange and the corporate entity behind BNB Chain.

Over the years, Binance has had its fair share of troubles and arguments with US regulators. A fully approved spot ETF based on Binance’s own coin would, therefore, send a signal to the crypto market that the major components of the Binance ecosystem — BNB crypto, BNB Chain’s blockchain and the Binance crypto exchange — aren’t as risky to deal with as some Americans may believe.

Intermediate

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BNB Spot ETF: A new gateway as BNB Chain evolves

In this article, we explore liquid staking protocol StakeStone's key features, the STO token launch, tokenomics and how to trade STO on Bybit.

StakeStone (STO) is a next-gen omnichain liquidity infrastructure protocol designed to optimize yield and cross-chain liquidity. Its introduction of liquid yield-bearing versions of ETH and BTC — STONE and STONEBTC — enables users to earn sustainable yield while enhancing capital efficiency. This article explores StakeStone’s architecture, core assets, founding team, tokenomics and recent market performance.

 is a decentralized liquidity infrastructure protocol that issues liquid, 

-bearing assets like STONE (Ethereum) and STONEBTC (Bitcoin). Designed for omnichain integration, it empowers users and protocols with composable 

 solutions and efficient cross-chain liquidity.

Launched in 2024, StakeStone was built to address the fragmented and capital-inefficient nature of ETH and BTC staking by introducing secure, flexible and modular primitives. StakeStone’s mission is to maximize on-chain yield while ensuring deep liquidity across ecosystems.

StakeStone was founded in 2023 by a team of DeFi-native builders led by Charles K, a crypto veteran with over 10 years of experience in centralized exchanges (CEXs), hardware wallets and DeFi infrastructure The core team includes Rose Li, Chief Strategy Officer, and Ivan K, Chief Marketing Officer.

The project has secured funding from notable crypto funds, including Polychain Capital, Binance Labs, OKX Ventures, Amber Group, HashKey Capital and Bankless Ventures. These backers not only provide capital but also strategic ecosystem access — positioning StakeStone as a serious player in omnichain liquidity and yield infrastructure.

StakeStone converts ETH and BTC into liquid, yield-bearing assets — STONE (ETH) and STONEBTC (respectively) — through a modular and omnichain framework. When ETH is staked, it flows into the StakeStone Vault and is allocated to the Strategy Pool, and STONE is minted via the Minter.

Yield is generated through strategies such as:

Users can deploy STONE across chains via the 

 (LP) rewards, with optional LP locking for enhanced returns. SBTC is the liquid BTC asset mirroring Bitcoin’s value, with STONEBTC adding a yield layer to BTC and unlocking passive income without sacrificing liquidity.

StakeStone implements key security measures, including the following:

STONE (ETH): Omnichain yield-bearing asset

 derivative. It’s minted when users stake ETH, and is backed by underlying yield from stETH, EigenLayer restaking and additional DeFi strategies.

STONE supports seamless cross-chain bridging, enabling deployment across supported networks and STONE-Fi Pools for additional rewards. Users benefit from passive yield, cross-chain utility, governance participation and on-demand liquidity.

SBTC is a liquid Bitcoin asset that mirrors BTC’s value and enables seamless use within EVM-compatible chains. STONEBTC, on the other hand, enhances SBTC by adding a yield layer, empowering users to earn yield from BTC-based strategies while preserving liquidity.

 utility by unlocking native BTC liquidity and enabling new use cases, such as cross-chain lending and borrowing, LP participation in BTC-based DeFi pools and composable integration across multichain DeFi protocols.

Together, SBTC and STONEBTC aim to position Bitcoin as an active capital layer across Ethereum and beyond.

 of StakeStone, with a total supply of 1 billion. It underpins protocol governance via OPAP proposals, voting-escrowed STO (veSTO) staking and 

Emissions are set to taper gradually until 2031, aligning incentives with long-term ecosystem growth.

According to CoinGecko, as of Apr 24, 2025, 

with a market cap of over $25 million. The token has recently shown strong momentum, rallying 85.4% over the past two weeks. Furthermore, StakeStone’s value could benefit from various catalysts, such as the rise in demand for 

 the STOUSDT Perpetual futures contract in the Innovation Zone, with up to 20x leverage.

 a Bybit account, complete identity verification and fund your 

 using crypto deposits or fiat currencies. 

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StakeStone (STO): Cross-chain liquid staking protocol

The MANTRA (OM) token’s wild crash on Apr 13, 2025, shocked the crypto world. Discover the causes, fallout, and what’s next in MANTRA’s road to recovery.

In the morning and daytime hours of Apr 13, 2025, the MANTRA blockchain's native token, OM, sat at a respectable market cap of $6 billion, making it the third-highest-ranked cryptocurrency in the 

 (RWA) category, the area the platform specializes in. Everything seemed like smooth sailing for the token.

Then, just after 6 PM UTC, the price of the OM token suddenly began to free-fall, declining from nearly $6 to about $0.50 in the space of just two hours.

A project that started the day as one of the top players in the RWA field was now worth 90% less as the evening approached. OM's abrupt, sharp crash immediately caught the market's attention, with speculation of a 

However, MANTRA's CEO, John Patrick Mullin, immediately sprang into action for PR damage control on social media, reassuring the public that the team members weren’t dumping OM tokens at all. Instead, MANTRA's founder and CEO alleged that deliberate actions of some 

 (CEXs) had caused the catastrophic plunge.

As of our coverage date of Apr 23, 2025, this is a developing story. In this article, we’ll establish what actually happened, who's involved and what awaits the OM token in the foreseeable future.

 decentralized network dedicated to RWA tokenization and utilization in compliance with real-world regulatory requirements.

 It features high scalability and low transaction fees. The project is one of the earliest initiatives dedicated to RWA use via blockchain technology. Originally, MANTRA debuted as a 

 (ETH) in August 2020. In October 2024, the project migrated to its own dedicated Layer 1 platform, the MANTRA Chain. The MANTRA blockchain is based on the Cosmos SDK framework, and is part of the wider 

The MANTRA ecosystem's main products include MANTRA DEX, a 

 (DEX); a digital identity (DID) management tool; a compliant token development and management solution; and a comprehensive compliance and permissioning system. MANTRA has also partnered with global powerhouses like Google Cloud, and with DAMAC Properties, one of Dubai's most prominent developers, to propel innovative solutions for 

Starting in late 2024, right after its own dedicated mainnet launch, MANTRA had become a significant player in the RWA corner of 

 (DeFi). By late February 2025, the platform’s native OM token had climbed to a value of nearly $9, with its market cap peaking at around $8.2 billion. Before the fateful events of Apr 13, 2025, OM was the third-highest-capped crypto in the RWA category, trading at $6.27, with a market cap of slightly over $6 billion, according to the CoinGecko portal.

In the evening hours (UTC time) of Apr 13, 2025, OM began to lose its value precipitously, dive-bombing from over $6 to about $0.52 in the space of two hours. The token’s market cap fell to slightly under half a billion dollars — a loss of more than 90%.

CEO John Mullin was quickly online, reassuring the crypto community that no team member had sold their OM holdings, and that this wasn’t a case of the bad ol’ rug pull. Instead, Mullin alluded that after OM tokens were moved to two leading CEXs (Binance and OKX) to use as collateral, the exchanges initiated a cascade of 

 of positions backed by the token. Both exchanges refuted the allegations, and connected OM’s price collapse to its recent unusually high price 

, and significant tokenomics changes made to OM in October 2024 that greatly undermined its value.

As a chain of liquidations took place, the token’s price started to plummet, causing significant panic that quickly led to further price drops. The situation only stabilized closer to the end of the day, with OM’s price remaining under $1. As of Apr 23, it’s trading at $0.5543 — a far cry from its rate of over $6 just two weeks ago.

After investigating, crypto analytics firm Lookonchain concluded that 17 wallets had deposited 43.6 million OM tokens (4.5% of the token's circulating supply) into the implicated exchanges. Two of these wallets are believed to belong to Laser Digital, one of MANTRA's investors. Another investor in the project, Shorooq Partners, is also suspected to be among the 17 wallets. Both Shorooq and Laser Digital have denied the allegations.

Although the price plunge was immediately compared to the 2022 collapse of the 

 (LUNA) blockchain, many analysts point out that the two crashes are fundamentally different. Terra's crash resulted from structural abnormalities in the 

 regulating UST, the project's stablecoin. In contrast, OM's fiasco is suspected to be the direct result of market-driven manipulation by 

, and possibly exchanges. No security breach, disruption to services or data, or other adverse structural events have occurred on the platform.

While this development is unprecedented for the project, MANTRA has been embroiled in other controversies throughout its history. One of these was its 

, first announced in August 2024 and then delayed multiple times. Around 50% of the wallets believed to be bots were cut off from the airdrop list. However, many considered the bot-culling process to have been conducted without much proof.

There have also been reports of vote rigging in the project's governance system in a bid to obscure MANTRA’s centralized model of profit allocation. Additionally, some analysts have accused the project of "forced bridging" to manipulate the market price. Platform users had to migrate their Ethereum-based OM tokens to MANTRA's native OM tokens via 

, which would increase gas fees and allow the project team to control the token's circulation pace.

How is MANTRA (OM) headed toward recovery?

MANTRA’s CEO rapidly reassured users that the team is now working hard to jump-start the token’s recovery. On Apr 14, 2025, Mullin unveiled plans to initiate a buyback scheme, along with the intent to burn all OM tokens held by the project team. The team's supply totals 300 million tokens, representing about 17% of the total supply.

He also denied factually incorrect assertions circulating online that the team effectively controls 90% of OM's supply. Mullin further assured the public that no large-scale selling events by investors have occurred.

As OM’s value has stayed firmly under $1, it remains to be seen how these PR efforts — as well as the planned buyback and burn — will affect the token’s future.

 as a swap pair with USDT, or on the Derivatives market as the 

Naturally, given the ongoing situation with the OM token, buying OM is at your own discretion, as right now the token is truly for the adventurous and brave at heart.

As of Apr 23, 2025, the OM token is trading at $0.5543, 93.8% lower than its ATH of $8.99 on Feb 23, 2025, and 3,138.8% higher than its ATL of $0.01726 on Oct 12, 2023.

Curiously, most crypto price prediction portals are optimistic about the OM token's long-term prospects. DigitalCoinPrice 

 of $1.81 in 2027 and $2.82 in 2030, whilePricePrediction 

It's hard to verify all the allegations flying around regarding the involvement of exchanges and key investors in the MANTRA OM incident. What matters at this stage is that the project team has been quick and proactive in injecting transparency and clarity into the situation.

The free fall in the token's price seems to be over by now. In fact, OM’s decline was over within hours of the incident. Moreover, unlike Terra's LUNA and UST coins, OM hasn't become worthless. All these factors point to potential stabilization and recovery ahead. The question now is: Will the pace and magnitude of the recovery be enough to save the project in the long term? At this early stage after the collapse, few people could answer the question with confidence. We'll eagerly await the developments over the next few weeks to see if MANTRA finds its way out of the woods. 

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MANTRA (OM): Understanding its wild ride and road to recovery

Bybit Learn

Blockchain

Ergo is a type of secure blockchain based on DeFi functionalities and it combines the best features of Ethereum and Bitcoin. Find out about how it works here.

Deciding which crypto is right for your portfolio can be challenging when there are hundreds of options from which to choose. One project you might want to consider is 

, which is designed specifically to bridge the gap between 

. Investors have shown substantial interest in this altcoin, and it’s currently at a healthy price. If you’d like to place some of your money into ERG, it would behoove you to have a solid understanding of the Ergo platform and its many features.

 (DeFi) functionalities. Its purpose is to combine the best features of Ethereum with those that Bitcoin has to offer.

 (PoW) similar to the consensus protocol that Bitcoin uses to ensure its network is secure and 

 are available to accommodate DeFi. The security features were taken from Bitcoin, while the smart contracts and decentralized features came from Ethereum. If you want to 

 Ergo tokens, this platform uses a protocol referred to as "

," which is a substantially modified version of the Bitcoin mining protocol.

 created this crypto project. As a blockchain veteran who has been developing crypto-related software, Chepurnoy has written and published numerous papers on blockchain technology over the years. Prior to creating Ergo, he worked as a researcher at 

, an engineering and research company best known for creating 

, a fellow researcher at IOHK, to develop Ergo, which was officially launched at the beginning of July 2019. When this project first began, Chepurnoy stated that it was made to deliver extensive smart contracts as well as ample security features.

Ergo works by combining the top features of Ethereum and Bitcoin. The platform was designed to be a more efficient and secure financial contracts platform that offers comprehensive DeFi functionalities. Keep in mind that “decentralized finance” refers to applications that remove centralized banks from financial transactions.

The platform’s mining model is similar to that of Bitcoin and allows for the creation and validation of new coins. However, computer size is limited for mining operations, meaning that large mining farms that consume high amounts of carbon aren’t developed.

The Ergo platform also exists as a programmable blockchain similar to that of Ethereum. Since it’s programmable, the blockchain's able to host various 

 (DApps). Ergo provides this functionality without charging 

Developing DApps on Ethereum is challenging, since transaction fees differ, depending on current network congestion. This issue makes it practically impossible to estimate development costs. In comparison, developers know the exact amount they need to pay to develop an app on Ergo.

 smart contract language, allow for the creation of more complex and secure financial contracts, which Ergo’s team believes is necessary for the DeFi industry to advance in the coming years.

Every token that's hosted in a smart contract comes with an added layer of protection detailing when the token can be used, who can use the token and what conditions must be met before it’s used.

ErgoScript makes smart contract development simple with 

. The light nodes don't need to hold the full blockchain copy, or run on a 24/7 basis, which allows the platform to use less computing power and storage space. Because of these features, the platform is mobile-friendly.

Be aware that this platform doesn't use general-purpose programming languages, such as 

. Instead, ErgoScript makes code specifically for decentralized finance, which ensures the code is simplified and relatively easy-to-use.

Ergo offers an array of features that makes the platform a worthwhile investment. Along with the PoW model, Ergo also comes with no gas fees and a crowdfunding service known as ErgoRaffle. We discuss the latter below.

Ergo uses the PoW model to mine new coins and validate transactions. When it comes to this consensus mechanism, anyone who mines ERG can use multiple 

 on a single Ergo node. While the PoW model is effective, it also consumes a lot of energy, Bitcoin’s main issue.

Ergo, however, has mitigated this issue somewhat with its Autolykos mining algorithm. This algorithm is resistant to 

 and large mining pools, which makes the PoW model more efficient. In fact, anyone who wants to mine Ergo can do so with a standard computer and graphics card.

Ergo is set to mint its entire supply in the 26 years following its initial mainnet launch in 2019 — in other words, by 2045. Mining Ergo tokens is simple and straightforward. All that's required is for the mining to configure a standard node, which is possible if your graphics processor has at least 4GB of VRAM. However, 8GB of 

Since Ergo is based on the PoW consensus mechanism, miners are able to use multiple graphics processors on just one node. It's also possible to 

. However, the Ergo team recommends that miners select only small pools.

 types with full support. Two of them — 

 — are web-based. Only Yoroi supports native assets. The official 

 is likely the best one, since it provides 

 functionality, as well as scripts and native-asset support. A mobile version of the wallet can be found on 

Even though Ergo is a programmable blockchain that allows for the development of decentralized applications, its platform doesn't collect transaction fees. This feature has made Ergo popular among developers who create DApps.

As we previously stated, Ergo supports the creation of DApps that extend platform functionality. One DApp that was built on the Ergo platform is 

 protocol and is considered to be a decentralized 

 that effectively secures the privacy of each user by sending and receiving tokens in large batches before mixing them up. With this approach, tracking transactions is practically impossible. Another DApp built with Ergo is the 

, an NFT marketplace that runs hundreds of auctions.

, previously known as ErgoDEX, is the decentralized exchange that exists on the Ergo platform. However, that’s not all: Spectrum is also meant to be a native cross-chain ecosystem with new offerings. This specific DEX allows users to transfer their liquidity between Cardano and Ergo. Remember that Spectrum uses the 

 model to ensure that liquidity sharing is possible between these platforms.

 protocol. When a user performs a transaction on this exchange, they’re provided with incentives. The ecosystem’s various users include user-interface (UI) providers, liquidity providers, traders, miners and off-chain executors.

Over the years, the Bitcoin platform has 

 that have either been misplaced or lost altogether. Other projects have issues with token flow, since tokens can remain in wallets for an extended period of time without being touched, which means there aren't as many tokens on the market.

Ergo aims to mitigate this issue with a feature known as 

. This feature recycles unused and lost tokens so they can be placed back into circulation. When tokens remain untouched for a period of four years, miners can collect fees, which are considered to be incentives for effectively securing the Ergo network when 

With this form of rent collection, unused data is no longer a problem. Users can remove or transfer tokens before being charged fees. If they don't, users would pay the fee every four years to allow unused tokens to be mined.

 is a type of crowdfunding service created by Ergo, which allows users to raise money for a wide range of different projects. Examples of these projects include a charity donation, an academic study or a business plan. Once a raffle takes place, a lottery will occur, which results in one of the participants winning a portion of the raffle.

, is a platform designed to accommodate P2P lending and borrowing via the Ergo blockchain. Still in development, the team behind EXLE is raising funds to assist with the progression of the decentralized application. When the platform is in place, anyone who contributed to EXLE’s development can fund a loan, making it possible to enter a pool of lenders and earn returns from interest on the loan. Lenders are set to receive returns of 5% for every loan they assist in funding.

Already, EXLE has started providing loans with funds from ErgoRaffle. The recipient of one loan, Margaret Mama Gibby, received $2,500, which she will repay over a period of 12 months beginning in September 2022. 

An additional loan of $3,000 recently reached that amount with funds remaining from the initial loan. The borrower, Grace Lotoom, is establishing a cyber cafe with the funds, and will also start to repay the funds in September on a 12-month term. The team behind EXLE believes that nearly 20,000 borrowers will seek loans in the coming year.

Ergo has many distinct use cases, the primary being the creation of DApps. As mentioned previously, DApps such as SigmaUSD, Ergo Auction House and ErgoMixer all have different uses. For instance, SigmaUSD is a decentralized stablecoin that has been pegged to the U.S. dollar. On the other hand, the Ergo Auction House supports NFT auctions. By allowing different types of DApps to be created, Ergo's use cases will expand over time.

ERG is the token for the Ergo platform and is considered to be deflationary. It has a maximum supply of 97,739,925 ERG tokens. 

Block rewards have consistently been decreasing by 3 ERG per block ever since 2021 — two years after the token was launched. At the launching of this platform, block rewards were at 75 ERG. According to the original emission schedule, once eight years have passed, these rewards will reach zero. After which, miners will be compensated with the fees collected from transactions and Storage Rent. 

 was introduced on June 22, 2022 with alterations to the original emission curve. This plan allows for a percentage of block rewards to be placed in a remission contract such that it extends the schedule by 17.38 years to 2045. Current block rewards are at 63 ERG per block, and once the emission schedule decreases to 3 ERG per block, miners will receive the same amount of rewards until the remission contract depletes.

The current ERG price is around $3.17, which is up significantly from the $2.0377 price on August 10. The current market cap for this coin is approximately $101 million. More than 32 million ERG are in circulation today.

Ergo, an ever-evolving crypto platform, is currently developing a crowdfunding platform as well as a decentralized exchange. Additionally, the platform wants to continue growing for the foreseeable future. Ergo's road map is a lengthy one, with potential refinements that include refundable ICOs, private swaps and an ErgoPay feature. Because of the large number of features the platform is adding on a regular basis, the Ergo team believes that new users will be attracted to the platform, which could result in the value of ERG increasing.

There are many reasons why Ergo can be considered a good investment. The platform takes its strongest features from both Bitcoin and Ethereum, which helps it minimize potential problems. If your main goal when investing in cryptocurrencies is to use a platform that offers transaction privacy, Ergo could be a great investment. It’s not supported by venture capitalists, who prefer transaction transparency, which indicates that the platform offers ample privacy.

The growth of its token largely depends on community engagement and support from DApp developers. If you're unsure about the future growth potential of this token, the somewhat low price of ERG means you can add it to your portfolio without needing to make a sizable investment.

Ergo is a unique platform that offers valuable features and functionality that aren't readily available with other crypto projects. While Ethereum is also a programmable blockchain, it comes with high gas fees, a problem that Ergo deftly avoids. Whether you want to make trades with or mine ERG, the Ergo platform has plenty of existing use cases — with more to come.

What Is Ergo Crypto: Combining the Best of Bitcoin & Ethereum

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What Is Ergo Crypto: Combining the Best of Bitcoin & Ethereum

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