Market Analysis Report (29 Jul 2022)

Several tokens are leading the charge in the last 7-day period. Some of these are well-known cryptocurrencies with more liquid trading pairs, so we’ll be focusing on these over low-cap cryptos that may have higher percentage changes.

BarnBridge (BOND) – BarnBridge is a risk tokenizing protocol. It allows hedging yield sensitivity and price volatility. BarnBridge does this by accessing debt pools on other DeFi protocols, and transforming single pools into multiple assets with varying risk/return characteristics.

Ethereum Classic (ETC) – Ethereum Classic is an attempt at keeping the Ethereum blockchain unaltered by the part of the community that opposed the hard fork and the return of The DAO funds. ETC is a different cryptocurrency with different goals than Ethereum, with a focus on immutability.

Optimism (OP) – Optimism is a layer-two smart contract network that aims to enable low-cost, near-instantaneous Ethereum transactions. Optimism speeds up Ethereum transactions and cuts their costs by settling them on another blockchain.