Avalon Labs (AVL) revolutionizes Bitcoin finance with BTC-backed stablecoin lending, CeDeFi & DeFi solutions. Borrow, stake & earn with BTC-based assets.

 (BTC)’s financial ecosystem, known as 

, has experienced significant growth over the past few years, with a number of sidechains, rollup platforms and cross-chain applications helping users leverage their BTC funds for 

 (DeFi) operations. One of the newer BTCFi solutions on the market is Avalon Labs, a multi-chain platform focused on Bitcoin-backed 

Avalon lets users borrow stablecoins by providing collateral in BTC or BTC-related assets, such as Bitcoin-pegged tokens and 

 of Bitcoin. Users can access funds at fixed repayment rates, ensuring stability in the otherwise volatile crypto finance world. This stability, in turn, drives the more active use of Bitcoin-backed assets in the 

Importantly, Avalon Labs has secured access to billions of dollars in accessible stablecoin funds from centralized finance (CeFi) institutions, helping it act as a key bridge between the worlds of traditional and crypto finance.

 (AVL) is a decentralized BTCFi lending platform that lets users borrow stablecoins by supplying collateral in the Bitcoin cryptocurrency or in BTC-related crypto assets.

 The platform also provides opportunities to earn yield by supplying crypto funds to several liquidity pools. The platform's flagship asset is the USDa stablecoin, backed by Bitcoin.

Avalon also offers other lending opportunities via two primary modes: CeDeFi and DeFi. The CeDeFi offering allows users to access funds in the 

 (USDT) stablecoin, while the DeFi component is made up of three lending and borrowing pools — based on BTC and BTC's liquid staking derivatives, 

Avalon Labs has implemented a series of risk mitigation measures in order to protect its users and ecosystem. Measures focusing on the lending mechanism include the requirement for overcollateralization of all loans, and a rigorous liquidation procedure activated when the 

 (LTV) ratio drops below sustainable levels. Platform-wide risk mitigation measures include regular internal and external security audits, and AI-driven 

Avalon Labs operates on multiple blockchain platforms, including 

, with plans to expand to more decentralized networks in the future.

The project conducted its seed round fundraising in March 2024, and actively entered the BTCFi niche in November 2024 with the launch of its USDa stablecoin. As of the time of writing in early February 2025, the platform is preparing for the launch of its native token, AVL.

USDa is Avalon’s Bitcoin-backed stablecoin, designed to help BTC holders put their funds to active use in the DeFi ecosystem. By providing Bitcoin-based collateral, borrowers can mint USDa, which is freely exchangeable with the USDT stablecoin at a 1:1 ratio. As such, USDa is indirectly pegged to the U.S. dollar via a fixed-rate USDT conversion mechanism.

By locking their collateral and requesting USDa, users create so-called collateralized debt positions (CDPs) — an overcollateralized crypto debt instrument first popularized in the DeFi industry by 

Besides the stable, USD-pegged rate, USDa boasts several other benefits. First, borrowers can access fixed-rate interest repayments for their debts, enjoying certainty in planning their payments to the platform. Secondly, early finalization of debt doesn’t carry a financial penalty. Importantly, USDa can be put to use across different chains, thanks to its utilization of the 

CeDeFi Lending is a major component of Avalon Labs' focus on Bitcoin-backed loans. The project claims to have secured access to billions of dollars in USDT and 

 (USDC) funds at traditional finance institutions. This allows Avalon users to borrow funds in these popular stablecoins at fixed rates of 8 –10%. As of late January 2025, Avalon's CeDeFi lending component allows you to borrow USDT by providing collateral in Ignition FBTC (FBTC), a Bitcoin-pegged omnichain cryptocurrency. Other collateral and borrowing assets (e.g., USDC loans) might also be introduced in the future.

Avalon Labs’ DeFi lending component is represented by three main types of liquidity pools, against which users can lend and borrow assets. The BTC LSD Pools are made up of BTC and BTC-based liquid tokens, with each liquid token isolated to its own independently operating pool. There are also RWA Lending Pools, which consist of RWA tokens and stablecoins. The third type is the General Pool, containing mainstream assets like BTC, ETH, popular stablecoins and more.

The platform separates each asset, such as each liquid token or RWA, into its own isolated pool. Pool isolation helps structure risk mitigation measures carefully tailored to each asset.

For the first few months on the market, Avalon has operated without a native token. The project is currently gearing up for the introduction of its 

, AVL, to be launched sometime in Q1 2025. AVL will support not only governance but also a range of other functions. One of these is staking. By staking AVL, users will be issued sAVL, an asset that will be used directly for governance processes. sAVL holders will participate in votes to decide the rules and future direction of the platform. Staking will also let them accrue crypto rewards in AVL tokens.

Additionally, AVL will provide access to exclusive features, perks and fee rebates on its platform.

The AVL token will be issued with a total supply of 1 billion. Planned supply allocation shares are as follows:

 platform. Bybit Pre-Market Spot is an over-the-counter (OTC) trading platform that allows you to acquire promising new cryptocurrencies before listings on Bybit's main Spot trading market, letting you access these assets at potentially discounted rates.

The AVL listing on Pre-Market Spot lets you speculate on the new token's potential. Naturally, before investing in any asset (whether it's offered via Pre-Market Spot or other trading environments), you’re encouraged to 

 on the project's background, operational details and future potential.

The sphere of financial solutions for the Bitcoin blockchain is quickly gathering pace, with several projects in the cryptocurrency market aiming to help Bitcoin holders put their funds to active use. Avalon Labs is a key initiative within this niche of the cryptocurrency industry, offering a much-needed service — stablecoin issuance backed by the security of Bitcoin. 

Early indicators suggest that this project has significant potential within the Bitcoin ecosystem, as well as within the wider crypto ecosystem. Of particular importance is the project team's claimed access to billions of dollars in USDT and USDC funds at traditional institutional finance providers. A thorough risk management framework — supported by regular audits, AI-driven monitoring, and sound debt collateralization and liquidation mechanisms — also provides further assurances to the user community.

The benefits offered by Avalon Labs are clear-cut, but more details on access to the billions of dollars at traditional finance providers would certainly contribute to user trust in the platform, something that's always helpful for any young web3 startup. Currently, however, the main focus is on the platform's imminent native token launch. AVL's token generation event (TGE) will be a significant evolutionary step in the life of this promising BTCFi project.

Intermediate

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Avalon Labs (AVL): Driving Bitcoin’s Financial Evolution

Helium Mobile is revolutionizing telecom with three new plans, including the Zero Plan.

Daily Top Performer — Ampleforth (FORTH)

The S&P 500 rose 0.72% on Tuesday, but futures fell on Wednesday after Alphabet’s weak earnings while investors await more earnings reports. Gold hit a record $2,845.14 as U.S.-China tariffs fueled safe-haven demand. Coindesk Indices, an index measuring broader cryptocurrency market performance was down by 4.35%, with Bitcoin and Ether dropping by 2.52% and 6.25%, 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 FORTH, which surged nearly 49.1% following the announcement of Ampleforth’s Evergreen Cycle, a decentralized solution for resilient DeFi treasuries.

Ampleforth (FORTH), founded in 2018, is a stablecoin that adjusts its supply daily through “rebasing” to maintain price stability, ensuring holders keep their proportional ownership. Ampleforth 

 AMPL and SPOT as decentralized alternatives for DeFi treasuries, reducing reliance on centralized stablecoins. AMPL’s elastic supply and SPOT’s low volatility offer DAOs a resilient treasury strategy through the "Evergreen Cycle"—buying AMPL in bullish markets and rotating into SPOT during downturns. This system enhances liquidity, mitigates market cycle risks, and enables DAOs to act as decentralized “micro central banks,” reinforcing long-term stability in DeFi.

Check Out the Latest Prices, Charts, and Data of 

Helium Mobile is revolutionizing telecom with 

, including the Zero Plan, which offers free mobile service (3GB data, 300 texts, 100 minutes) while rewarding users with Cloud Points for sharing anonymized data. These points can be redeemed for gift cards and experiences. Other plans include the Air Plan ($15/month) for 10GB and the Infinity Plan ($30/month) for unlimited data. Helium Mobile combines community-powered networking with the nation’s largest 5G coverage, making mobile service more affordable, flexible, and rewarding. The plans are currently invite-only, with a waitlist available.

Yesterday, BTC Spot ETFs recorded $91.7M in total inflows, with $72.2M from non-GBTC and $19.5M from GBTC.

, a decentralized social network platform, is hinting at a potential airdrop for users. To increase chances of receiving the airdrop, users should sign up on the platform, create a Town, deposit ETH, and join other Towns to earn points. Towns raised $25.5M in funding and operates on the Caldera network. Tipping others and daily engagement may boost rewards.

Beginner

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Helium Mobile Introduces Free Plan and Rewards for Staying Connected

Haedal unlocks liquidity for staked SUI by converting it into haSUI tokens, enabling users to earn rewards while freely participating in DeFi activities.

vWhat if you could earn staking rewards and keep your crypto liquid? Haedal, a pioneering 

 blockchain, turns this possibility into reality. Haedal eliminates the trade-off between 

 and accessing liquidity by transforming staked SUI tokens into haSUI — a yield-bearing asset usable across 

 (DeFi). This article explores how Haedal simplifies staking, enhances capital efficiency and unlocks superior returns while fueling the growth of the Sui ecosystem.

Haedal is a liquid staking protocol on the Sui blockchain that allows users to stake SUI tokens, mint haSUI (a yield-bearing 

) and earn additional rewards through DeFi integrations. It simplifies participation in staking while maintaining liquidity for decentralized finance activities.

Haedal was created by a group of anonymous blockchain enthusiasts and experts who recognized the need for a more efficient and secure way to stake SUI tokens on the Sui blockchain. Their vision for Haedal was born from the desire to improve the DeFi ecosystem by offering a simple, one-click liquid staking solution. This approach allows users to earn rewards while still keeping their assets flexible and liquid.

Haedal bridges the gap between staking and decentralized finance, making it easier for users to participate in various DeFi activities without sacrificing security or efficiency. By doing so, Haedal boosts user engagement within the Sui ecosystem and also helps strengthen and expand the broader DeFi ecosystem, paving the way for greater blockchain adoption.

Haedal seeks to address the major issue of lack of liquidity in traditional staking models, whereby users must lock their assets for fixed periods. This restricts their ability to use those funds for other investments or DeFi activities, such as 

 or governance participation, reducing flexibility and deterring engagement. 

Another barrier is the complexity of staking management. Selecting validators, monitoring performance and handling technical processes can overwhelm newcomers — and even experienced users. This steep learning curve limits broader adoption and discourages participation in ecosystem growth. 

Also, many staking systems suffer from inefficiency and security risks. Outdated practices or centralized control can expose users to asset loss and/or downtime, while fragmented platforms make participation cumbersome. These vulnerabilities erode trust and hinder the scalability of decentralized networks. 

 technology to tackle liquidity constraints, simplify user experience and enhance security, aiming to create a more accessible and efficient ecosystem for staking and DeFi integration.

Haedal deploys the following advanced mechanisms to make staking SUI tokens more flexible and user-friendly. 

haSUI is a versatile token that unlocks liquidity for users who stake their SUI tokens through Haedal. When users stake SUI, they receive haSUI at a 1:1 ratio, acting as a dynamic “receipt” for their staked assets. Unlike 

, in which funds are locked and unusable, haSUI retains liquidity, allowing users to trade, lend or use it as collateral in DeFi apps while their original SUI continues earning staking rewards. 

Over time, haSUI’s value grows as it accumulates rewards from validators securing the Sui blockchain. This dual functionality bridges the gap between passive income and active participation in DeFi, letting users maximize their crypto holdings without compromise. 

Haedal streamlines staking by automating the entire process. Users deposit SUI tokens into the protocol, which then delegates them to trusted, high-performing validators on the Sui network. This eliminates the need for users to research validators or manage technical details manually. The system continuously monitors validator performance, reallocating stakes to optimize returns and minimize risks. 

Unlike more rigid staking models, Haedal’s protocol imposes no lockup periods, so users can unstake at any time by swapping their haSUI back to SUI. This flexibility, combined with automated efficiency, makes staking accessible to everyone, from newcomers to institutions, while ensuring their contributions actively support Sui’s network security. 

The Random Vault adds an element of chance to traditional staking, creating a fun and community-driven experience. Users deposit SUI into the vault for one week, during which their funds are delegated to validators. At the end of the week, all staking rewards generated by the vault are pooled and distributed to five randomly selected participants. This gamified approach injects some excitement while also diversifying risk by spreading stakes across multiple validators automatically. 

Participants enjoy a hands-off experience, requiring no active management, while gaining exposure to potential bonus rewards. The Random Vault democratizes staking, offering both seasoned users and casual participants a fresh way to engage with the Haedal ecosystem. 

The Haedal Market Maker (HMM) ensures seamless trading and liquidity for haSUI tokens, addressing common challenges in DeFi: price volatility and accessibility. HMM operates by providing deep liquidity pools for haSUI trading pairs, which stabilizes prices and minimizes slippage during trades. This means users can buy or sell haSUI quickly and at fair market rates, even during periods of high demand. 

HMM maintains a tight peg between haSUI and SUI and enforces trust and usability, making the token practical for everyday DeFi activities, such as swapping, lending and/or collateralizing loans. This infrastructure not only benefits individual users, but also strengthens the broader Sui ecosystem, encouraging adoption and enabling institutions to participate confidently in the decentralized finance realm. 

Haedal has achieved significant milestones, including launching its liquid staking protocol, growing its 

Looking ahead, the project aims to expand its product offerings, improve scalability and strengthen its role in the Sui ecosystem. 

Haedal redefines staking on Sui by merging liquidity, simplicity and innovation. By transforming staked SUI into yield-bearing haSUI tokens, it unlocks DeFi opportunities without sacrificing rewards or security. Features such as automated staking, gamified vaults and robust liquidity solutions empower users to maximize earnings while supporting network growth. 

With a clear road map and a community-driven ethos, Haedal is positioning itself as a catalyst for accessible, efficient decentralized finance, bridging traditional asset holding with the dynamic potential of blockchain.

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Haedal: Unlock Superior Returns With Sui Liquid Staking

Loopy is a Sui-based meme coin inspired by a beaver with a distinctive pink hue that’s featured in the Pororo the Little Penguin cartoon. Learn more here.

If you want a comprehensive crypto portfolio, it pays to check out 

. Though these coins might not be worth as much as major cryptos, their potentially drastic price swings can result in big profits for investors. One intriguing 

 meme coin to check out is Loopy, a cartoon-themed coin (inspired by a popular television show) that’s had an interesting growth pattern of late. To see if Loopy is the right investment for you, we’ll take a look at its tokenomics and pricing trends. 

 is a meme coin based on the Sui blockchain. It's inspired by a beaver with a distinctive pink hue that’s featured in the 

 cartoon. Much like the character herself, the Loopy coin hopes to showcase the values of friendship, hope and harmony.

On a technological level, Loopy works similarly to other meme coins. Loopy uses the Sui blockchain as the foundation for its system. This delegated 

 network is known for its scalability and speed. Loopy takes advantage of Sui's features by using its standardized 

 and token creation protocols. Since Loopy doesn't have to run its own blockchain, it can focus more on the marketing side of operating a cryptocurrency.

In order to increase its token's market capitalization, Loopy has heavily integrated itself into social media. Loopy runs both a Telegram channel and a 

 where it interacts with its audience. These sites post memes about gentlehearted Loopy, encouraging users to share their own. 

In addition to marketing the Loopy coin, these social media sites also help to operate the entire Loopy community by tracking member participation and using these metrics to determine eligibility for 

Loopy's token, with the symbol LOOPY on most exchanges, is a traditional meme coin that has no utility outside of entertainment. Its sole purpose is to appeal to fans of gentlehearted Loopy in 

 The Loopy coin does have a somewhat higher supply than many other tokens, with a 

. Half of the tokens were distributed to community members in an 

, while the other half were used for token liquidity. The majority of these tokens are circulating now, so the coin's current circulating supply is close to its total supply of 1 trillion tokens.

Loopy was released back in October 2024, so it's already been the subject of a few newsworthy events. The coin was initially selling for around $0.000012, but a decline in trading volume led to a sudden price drop, to around $0.0000035 in early November 2024. Fortunately, fans of the beaver with the distinctive pink hue rallied behind it, and it surged to an impressive all-time high (ATH) of $0.000013 by mid-November. 

When the Loopy token’s price increased by over 763% in just 24 hours, it began receiving a lot of attention. The coin's market cap reached $17 million, and it was briefly one of the top Sui meme coins. Since its heyday, the Loopy token has had some struggles. Starting in January 2025, coin prices dropped to as low as $0.00000004 as its market cap plummeted. 

However, these unusually low prices have been just as noteworthy as the coin's ATH. Loopy fans who were getting priced out of owning the token have been expressing interest in it once again, due to its more affordable prices. The trading volume of Loopy might look a little low now, but it's no longer in free fall, as it was in early January 2025. Some market analysts even suggest that LOOPY’s price may reach 

LOOPY tokens have a high current circulating supply, but not all exchanges support this token yet. It's primarily available through smaller, decentralized exchanges. However, if you prefer a more convenient experience, check out the 

. This service provides access to DEX offerings, while maintaining the same great service that all Bybit users can count on. Purchasing LOOPY through Bybit is as simple as checking the current price, entering the number of LOOPY you want to buy and confirming your purchase. 

LOOPY's market cap and 24-hour trading volume have certainly declined from the coin’s heyday, but it still holds some promise for investors. The low current price means that it's possible to buy a lot of LOOPY without spending much money. This can result in big profits if the coin experiences even minor price increases. Furthermore, most pricing analyses suggest that LOOPY's market cap could recover in the future.

However, don't forget that this sort of investment can be risky. Some meme coins generally fail to return to their ATHs after brief enthusiasm during their launches. Loopy's team hasn't been promoting their coin as much lately, so whether or not LOOPY can recover will rely mostly on the coin's fanbase. While investing a bit of extra money you have in LOOPY could be fun, it’s not recommended that you invest money you can’t afford to lose. Meme coins are always volatile, and it’s essential to use some caution and 

 any time you invest in tokens such as LOOPY.

While LOOPY tokens might not have the highest 24-hour trading volume anymore, this meme coin is still backed by a dedicated community. Its ability to appeal to 

fans with positivity and humor has helped it stand out from other Sui meme coins. Loopy is a great example of how a simple yet fun concept can end up appealing to thousands of investors.

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Loopy (LOOPY): The Most Adorable Meme Coin on Sui

Bybit Learn

DeFi

web3

Interested to start exploring the Bybit Web3 Portal? Find out in this article the best DApps to use with your Bybit Wallet today!

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) have been growing in popularity since 2020, with web3 projects such as Uniswap and 

 causing widespread ripples in the markets. Many of these projects are hosted on the Ethereum blockchain, and they run through DApps. In this article, we’ll look at some of the best DApps and web3 projects to use with your Bybit Wallet.

There are many types of DApps. Some include 

Bybit Wallet is a web3-compatible custodial wallet that aims to provide users with easy access to various DApps on the Bybit Web3 Portal. 

With the Bybit Wallet, you can discover all sorts of DeFi DApps, NFT collections, GameFi programs and more. To create your own Bybit Wallet, 

. As a trusted crypto exchange that prides itself on next-level reliability, Bybit aims to provide a seamless experience that doesn’t require you to have a 

. Bybit will hold the private key to your wallet, and with Bybit’s industry-grade security, rest assured that your funds will be kept safe. Some of the benefits of having a Bybit Wallet are:

After your Bybit Wallet is set up, head over to the Bybit Web3 Portal to view all compatible DApps. As Bybit aims to equip its readers with web3 knowledge, they can click on each DApp and view its respective background information. Bybit also offers guides and tips to read up on for web3.

Now that you know how to create your Bybit Wallet, let’s explore the best DApps that will be compatible.

 was launched on the Ethereum blockchain in 2017. It’s a lending platform on which users can borrow the 

 Dai, which is pegged to the U.S. dollar. The key to MakerDAO's success as a lending platform has been its decentralization.

As with all DApps, MakerDAO has no borders. People around the world can use it. No one is subject to identity or credit checks, as they would be if they used a lending service through a bank. As its currency, Dai (symbol: DAI) uses cryptocurrencies as collateral, including ETH and 

The cryptocurrency is locked until a user repays the loan and any incurred fees. Once they do, the collateral, ETH for example, will be released. However, if the ETH price drops below the price at which it was acquired, it will be sold off to pay the Dai that has been borrowed, plus any penalties. These liquidations, or the threat of them, help to stabilize the governance of the MakerDAO system. 

), allows anyone to participate in the transactions of 

 tokens without the governance of a centralized body or intermediary. It gives 

 access to financial services, thus staying true to the decentralized ideals of the Ethereum blockchain. 

Since Uniswap is based on the Ethereum blockchain using smart contracts, it replaces traditional exchange functions — for instance, order books with their own automated and permissionless liquidity pools executed by algorithms. These liquidity pools are pairs of ETH and ERC-20 tokens exchanged by traders. On Uniswap, users are incentivized to provide liquidity to these pools by being rewarded with a trading fee share. In other words, when users supply liquidity, they’re given 

 (LP) tokens that track how much liquidity they contributed.

This method of providing liquidity eliminates the need to rely on 

. One advantage of using Uniswap, or other DEXs, is that they're inexpensive. They also require minimal maintenance because they’re hosted on a blockchain. 

, another borrowing and lending DApp built on the Ethereum blockchain, allows users to borrow and lend cryptocurrency from each other. All transactions are conducted through a smart contract protocol. Lenders can earn interest from cryptocurrencies by adding to the liquidity pool. To do so, users must first connect an Ethereum wallet, such as MetaMask. 

Compound tokens are called cTokens. If a user deposits ETH, they’re given cETH in return. Likewise, if a user deposits USDT, they receive cUSDT in return. The cTokens allow users to track the value of the assets they’ve lent, as well as the interest accrued.

While interest from each token will fluctuate, depending on the supply and demand of its native cryptocurrency, it’s still more than the interest offered by a traditional savings account. And Compound, like other DApps, doesn’t require identity checks; it also offers lower transaction fees. Moreover, the risks in borrowing are minimal, as assets are overcollateralized (a security measure in which borrowers put forward more assets than is needed as collateral). 

 is a DEX that quickly became popular. Like Uniswap, it uses automated liquidity pools. But unlike Uniswap, it’s explicitly designed to exchange stablecoins and Bitcoin-backed ERC-20 tokens, such as Wrapped Bitcoin (WBTC). Therefore, its maintenance costs are lower, and so are its fees. 

Curve’s interface isn't designed for the mainstream user, as its use is so specific. Hence, not too many investors or traders want or need to exchange stablecoins. Just as with Uniswap, users can earn rewards for adding to the liquidity pool. Curve is also popular with yield farmers because of its high use of stablecoins in 

Although Curve's creators claim the lack of assets that can be exchanged increases its operating efficiency, the fact that you can only exchange stablecoins (and Bitcoin-backed ERC-20 tokens) can also be a disadvantage, at least from a user's standpoint. 

Unlike other DEXs based on the Ethereum blockchain, 

 lets you lend, borrow and trade cryptocurrencies on margin. The two types of 

Besides margin trading, users can lend assets to accrue interest and conduct regular asset trading. Some minimal miner-taker fees apply to trading. 

Furthermore, users can earn interest by lending assets to other users. As with other lending DApps, the risk to the lender is low because of over-collateralization. For borrowing, the minimum collateralization ratio on dYdX is 125%.

 is another borrowing and lending DApp built on the Ethereum blockchain. Its users can lend their assets, and earn interest in the process. To do this, they must connect their Ethereum wallet to the DApp in a process similar to Compound’s. 

However, Aave distinguishes itself from the rest through its additional flash loan feature. Practically speaking, these loans are valid for one blockchain transaction, allowing for uncollateralized debt. How is this possible?

The transaction is reversible at any time if the loan isn’t repaid. Assets for 

 are sourced from smart contract pools. The interest rates on Aave for flash loans are at only 0.30%. And flash loans pave the way for arbitrage opportunities. The way it works, traders can get a loan, make an 

, then pay back the loan and any accrued interest. 

, launched in July 2020, is one of the newer kids on the block, and one of the most popular DeFi DApps. Yearn is a yield aggregator that automatically searches DeFi DApps on the Ethereum blockchain for the best yield returns.

The YFI token saw remarkable price rises after being launched at $739. Over the course of two months, its price shot up rapidly, reaching over $43,000 by September 2020. Analysts chalked it up to the confidence those in the DeFi space have in Yearn Finance, which has an expanding array of products. 

, its main product, enables users to deposit their cryptocurrency and earn yields in return. It employs more complex strategies to get yields than Earn, the first product of Yearn Finance, which is how the term (“yEarn”) was born. 

 allows users to speculate on the price of real-world assets — currencies, stocks and precious metals — as well as other crypto assets, with ERC-20 tokens. The tokens, known as synthetic assets (or “synths), can track the assets' prices.

As with MakerDAO, whose users need to lock up ETH as collateral to create its stablecoin, Dai, users on Synthetix need to lock up Synthetic Network Tokens (SNX) as collateral to create the platform's native stablecoin, Synthetic USD (sUSD). 

To acquire the real-world information of the assets' prices, Synthetix has 

Best NFT Collections/DApps to Use With Bybit Wallet

 (ENS) is a naming system launched in 2017 that runs on the Ethereum blockchain. ENS essentially translates crypto wallet addresses that are usually complex and filled with strings of alphanumeric characters into much simpler, more readable wallet names.

ENS domains are built on Ethereum smart contracts which makes them more secure than traditional DNS. As a decentralized, open-source service for the community, ENS focuses on providing a trustworthy domain name for Web3 users of the Ethereum blockchain.

Although ENS domains end with .eth, each one is unique, which results in them being NFTs. And since they’re ERC-721-compliant, you can trade these ENS domains on many NFT wallets and marketplaces. This is also one of the reasons why ENS is one of the best DApps — it’s compatible with many wallets, including the Bybit Wallet.

Almost everyone has heard of Bored Ape Yacht Club (BAYC) — regardless of whether they spend time in the crypto space — because that’s how popular this NFT collection is. 

 10,000 unique NFTs on the Ethereum blockchain, featuring profile pictures of cartoon apes with varying accessories and styles. It’s garnered such a strong fan base that celebrities such as Snoop Dogg, Justin Bieber, Madonna and Paris Hilton are in on it.

Additionally, the BAYC team has created an entire ecosystem around the original collection featuring a Mutant Ape Yacht Club (MAYC) collection, Bored Ape Kennel Club (BAKC) collection, Otherdeed as land for their metaverse, and even an ERC20 token known as APE.

BAYC NFTs don’t just make good profile pictures, they also double as a membership card to the Yacht Club, granting holders access to exclusive benefits. As of May 2022, BAYC 

. BAYC remains one of the most popular NFT collections to date, making it one of the best NFT collections to invest in.

CryptoPunks is another highly popular NFT collection built on the Ethereum network. It features 10,000 unique characters in 8-bit style. As one of the first NFT projects on the Ethereum network, CryptoPunks grabbed the attention of investors who wanted to be part of the hype. Furthermore, it was CryptoPunks that introduced the concept of ERC-721 tokens — a standard that dictates each token is unique and non-interchangeable — to the world. 

Due to the NFTs’ singularity, demand for them quickly exceeded supply, driving prices up. This resulted in many CryptoPunks holders making windfall profits from trading their NFTs.

CryptoPunks gained even more attention following its collaboration with Tiffany & Co. in August 2022, with the latter turning the NFT collection into physical pieces of jewelry for crypto enthusiasts to purchase. A custom collection of 250 NFTs in this NFTiff collection, priced at 30 ETH each, sold out within 22 minutes. Successful buyers could redeem their NFT for a physical pendant and chain.

Although they launched back in 2017, CryptoPunks NFTs remain in demand and high in value, and are still one of the best NFT collections to consider.

Azuki is a collection of anime-themed NFTs launched in January 2022 that 

 2022. Just like BAYC, Azuki NFTs grant their holders access to an exclusive metaverse called 

. This virtual world is where members can look forward to streetwear collaborations, NFT drops, live events and other activities.

Azuki’s popularity is also attributed to its strong relationship with anime, which has gained increasing international attention over the years. As mentioned, Azuki has plans to release streetwear collaborations. Azuki NFT holders can 

 Azuki clothing, merchandise and accessories. This ties in well with existing anime fans, who love purchasing anime collectibles.

Furthermore, Azuki has a strong focus on community ownership. It believes in maintaining a vibrant community for its project to thrive. As such, it provides well-moderated online social channels for fans to interact and discuss the project, to which they all belong.

With its art style, real-world merchandise and emphasis on community ownership, Azuki remains one of the most popular NFT DApps in the crypto market.

 is the largest peer-to-peer NFT marketplace in the world. The platform was launched in 2017 and allowed users to exclusively buy and sell rare digital collectibles in a quick and trustless manner.

The NFT marketplace managed to close 2020 with roughly $21 million in trade volume but was quickly surpassed within the first two months of 2021, soaring to over $14 billion in the next year. Additionally, OpenSea is integrated with multiple blockchains like Ethereum, 

 which could eventually drive even more volume toward the NFT marketplace.

, an open-source smart contract created for OpenSea and NFT fanatics, users can now transact NFTs in bundles even if they are in different token standards (ERC-20, ERC-721, etc). Listings may also choose to support partial fills of offered items or even opt for auction mechanics such as English and Dutch auctions.

Despite the emergence of other NFT markets after OpenSea, the platform continues to hold the title as the greatest NFT marketplace due to its unrivaled trading volume, overall revenue and sheer number of users on the platform.

OpenSea will soon be compatible to use with Bybit Wallet.

 is a brand new NFT marketplace that rose to fame after raising $11 million from renowned investors such as 

. The newly launched platform saw an all-time high volume of $18.8 million in 24 hours within just two months of its release.

The team behind Blur is focused on targeting professional NFT traders and has created a different mechanism compared to other NFT marketplaces. Blur allows traders to set their own royalties easily and does not charge any fees when transacting on the platform. This is great for traders as they get to earn a portion of every sale transacted even after selling the initial NFT while avoiding platform fees from eating into their profits.

The NFT marketplace also has an aggregator that allows you to analyze and purchase a group of NFTs at once from different marketplaces. This allows professional NFT traders to sweep the floor of any collection with a single click rather than buying them up individually on various platforms. Apart from saving time and effort, the aggregator feature will also save them a huge amount of fees as individual purchases come with many hidden costs on top of the gas fees they would have to pay per transaction.

Blur has the ability to expand its user base as NFTs become more widely adopted. The team will also need to find a way to maintain its commitment to NFT traders while making its platform more user-friendly for a larger audience in order to challenge OpenSea in the future.

As with OpenSea, Blur is an NFT DApp that will soon be compatible to use with Bybit Wallet.

 is one of many NFT marketplaces that run solely on the Ethereum blockchain. Launched in 2022, LooksRare prides itself as a “community-first” NFT marketplace that actively rewards platform users and token stakers with its native token to incentivize participation on the platform.

Since then, LooksRare has managed to gain market share on OpenSea and is averaging around half of its competitors daily volume, amassing more than $26 billion in total trading volume. This was due to several factors: lower fees, a highly incentivized reward system and revenue sharing which allows the NFT marketplace to stand out and differentiate itself from its competitors.

While LooksRare currently does not have an NFT minting function, the platform does offer other interesting features such as the ability to purchase entire collections, purchasing an NFT with specific traits instead of filtering them out, and the option to cancel multiple open orders in a single transaction.

With such an impressive entrance into the NFT space and a solid reward system, LooksRare has been able to scale massively in such a short period. It is worth keeping a lookout as the platform has huge potential to grow, filling the gaps created by OpenSea and maybe even outperforming them one day.

Users can expect to use their Bybit Wallet with LooksRare soon.

NFTfi is a decentralized marketplace for users to make the most out of their NFTs by collateralizing them to finance transactions through liquid assets. Due to the illiquid nature of NFTs, the team has combined the idea of DeFi and NFTs to increase the liquidity among NFT traders while trying to attract new users into the space.

Following in the steps of popular lending platforms like Aave and MakerDAO, NFTfi allows for NFT lenders to leverage on their collections to earn yield. Borrowers can also take up loans and borrow ETH or DAI by putting up their NFT as collateral. NFT lending provides the much-needed liquidity to increase activities and volume in the ecosystem.

Additionally, NFTfi provides other features such as NFT fractionalization and NFT derivatives. NFT fractionalization is the process of sharing ownership of an NFT among thousands or millions of users, allowing retail investors to gain exposure to blue-chip NFT collections like BAYC or CryptoPunks. On the other hand, NFT derivatives represent tradable contracts that provide leverage and let users place directional bets on future NFT prices.

With these new instruments offered by the platform, NFTfi remains one of the biggest NFT lending platforms in the space that has helped to unlock a whole new world of liquidity for NFTs for existing and future users.

Do take note that while NFTfi cannot be used with Bybit Wallet at the moment, integration will soon be available.

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