What to do if you miss DeFi? Polkadot and Astro Boy may drive cross-chain to become the next outlet

1What is cross-chain

Everyone knows about LANs. To cross a LAN, you need to be able to climb the wall, and to climb the wall, you need a ladder, and the ladder is the bridge. Blockchains are LANs, which are also separate and have walls.

Cross-chain is a ladder that allows isolated blockchain projects to be connected and information to be interconnected. The most urgent need for this information is the exchange of tokens.

Currently, the most popular DEXs are all built on the ETH chain, but there is definitely more to it. As the DEX platforms of other mainstream exchanges gradually mature, the popularity of the cross-chain ecosystem is not only worth looking forward to, but DeFi+cross-chain may even become a killer product where 1+1 is greater than 2.

DeFi and cross-chain are by no means independent of each other. For example, the popular decentralized lending Kava and oracle Band Protocol are also built on Cosmos.

2The first cross-chain application scenario - decentralized exchange

Asset exchange can also be solved by centralized exchanges, and it is more efficient, so centralization is now the mainstream. Decentralized exchanges, BM who works on EOS has also made one before, does anyone remember it?

As an industry that pursues decentralization, the most powerful voice is held by centralized organizations, so some people must be psychologically challenged. Of course, there must be sacrifices when psychological needs become real needs.

The biggest advantage of decentralization is transparency. But there are tens of thousands of centralized exchanges, which may be another form of decentralization. Moreover, there is no threshold for opening an exchange, and it is cheaper than opening a supermarket.

If a FORSAGE that recruits people wants to go to a decentralized exchange, Vitalik Buterin will say: Get lost. They can criticize Vitalik Buterin.

3. Which cross-chain do the DEXs of the three major exchanges use?

There are many existing cross-chain projects, including Cosmos, Polkadot, Nervos, Fusion, Iris, ICON, AION, RSK, etc. MiXIN is also said to be cross-chain.

Binance and OKEx both chose Cosmos. The famous Polkadot cooperated with Cybex, which is known as a leading but not well-known company. The Chinese brand Nervos cooperated with Huobi and was listed on Huobi first.

Polkadot (DOT) is ranked 625th on Aicoin and is listed on Huobi and OKEX. It is a collection of multiple, heterogeneous blockchains. Its CEO is one of the founders of Ethereum. But it is still in its early stages.

Nervos (CKB) Aicoin ranks 89th and is listed on Huobi. Huobi's decentralized exchange is also based on it. The purpose is to solve the scalability dilemma of blockchain. CEO Tai Ling was once the CTO of Yunbi. Huobi and Sequoia have invested in it.

Cosmos (ATOM) is ranked 18th on Aicoin and is listed on Huobi, OKEx, and Binance. The decentralized exchanges of Binance and OKEx are both built on it. The vision is to break down the barriers between blockchains and create a blockchain internet.

4 Is the cross-chain leader ATOM worth investing in?

Let’s start with the big picture, which is also called “wind” or “trend”:

According to DappRadar, the trading volume of DEX in the first five months of 2019 was $7.04 million. In 2020, the trading volume of the top seven DEX exchanges has reached $2.5 billion, an increase of 144%.

Although it is still non-mainstream, it is growing rapidly. Decentralized exchanges have the advantage of transparency. It is also an advantage that users' assets are not in the hands of exchanges, which avoids theft by insiders such as Mentougou and Fcoin.

Fundamentals: ATOM has been in operation for 4 years, the main network is stable, and it has been recognized by top exchanges. The CEO graduated from the prestigious Cornell University and worked for the famous company Amazon. As long as the direction is good, it will continue to lead.

Technical aspect: Atom is very strong, and the concentrated trading zone in the early stage has been directly broken through. If you don't consider safety, it should be a good time to enter now, and consider safety and wait for a callback. Safety first, there is no end to making money.

Price comparison: The trend consistency of the three is good. The smaller the market value, the less money is needed for the rise and fall, so DOT rises faster. Since DOT and CKB have risen, ATOM can continue to rise.

5. Conclusion

Although the demand for cross-chain is not so strong at present, it is indeed a possible direction for the future, and it is right to keep moving forward. The three giants have their own advantages. The leader ATOM has been supported by top exchanges. It is highly likely that the strong will become stronger. Polkadot brings together capital, technology and expectations, which may be the key to the subsequent explosion of the cross-chain concept. CKB is a domestic public chain and has close cooperation with Huobi. Although Huobi DEX is also a step behind Huobi, domestic production is also a selling point, but the marketing level may be higher than the technology.