As we dive into the exciting world of technology and innovation, it’s important to watch projects that can potentially make a significant impact. This blog post will explore the top 12 projects poised to explode in 2023. These projects range from blockchain technology to artificial intelligence and renewable energy sources. So, let’s get started and discover the future!
Layer 1 projects
Ethereum (ETH)
2022 is a year marking the transformation of Ethereum; after many failures, in September 2022, Ethereum completed The Merge upgrade, considered the most important update in the history of Ethereum development.
Ethereum has successfully upgraded the network from a “proof of work” blockchain to a “proof of stake” mechanism. The move to a “proof of stake” mechanism has made Ethereum’s network more user-friendly while helping Ethereum become a “deflationary” token.
With major updates and a constantly expanding ecosystem, Ethereum is a potential name in 2023 that we cannot ignore.
BNB Chain (BNB Coins)
With being backed by the world’s largest exchange, Binance, and CZ, a major influencer in the crypto space, BNB will undoubtedly continue to be a notable name in 2023.
In 2022, BNB also saw major changes, such as changing the name of “Binance Smart Chain” to “BNB Chain.” Change the name of BNB, Binance’s native token, from Binance Coin” to “Build and Build.”
Notably, in 2022, BNB Chain also launched zkBNB, a scaling technology using a zero-knowledge proof solution, considered a Layer 2 extension of BNB Chain.
These changes are considered an important step forward, showing that Binance wants its blockchain network to be separate and allow it to develop independently.
These new developments will certainly help BNB continue to be a potential project that will attract great attention from investors not only in 2023 but also in the following years.
Near Protocol (NEAR)
Near Protocol (NEAR) is a scalable layer-1 blockchain designed to provide the performance and user experience needed to bridge the gap toward mainstream adoption of decentralized applications.
2022, despite the decline in prices, 2022 is one year that Near and the ecosystem have breakthroughs and won great attention from large investment funds.
With over 1000 development projects on the ecosystem, 20 million wallets created, and DAOs already available on NEAR and other infrastructure updates, 2022 is a year in which NEAR has grown more than ten times compared to 2021.
Also, in 2022, according to Forbes, Near is among the top 10 most successful fundraising projects when raising $ 300 million from market-leading investment funds.
With a continuously expanding ecosystem and being interested in large investment funds, Near Protocol is a potential project in 2023 that you need to pay attention to.
Fantom (FTM)
Fantom (FTM) is a decentralized platform for developing dApps and blockchain solutions with the outstanding characteristics of providing a fast, scalable, and secure infrastructure for decentralized applications capable of processing large volumes of transactions per second.
Fantom is known as one of the fastest-growing ecosystems in the DeFi space in the crypto market.
Recently to encourage developers to build on the ecosystem, the Fantom Foundation proposed a gas monetization model to reduce the burn rate from 20% to 5%, to allocate the rest as rewards to well-developed dApps. This will undoubtedly help attract and retain talented developers and help maintain the network’s sustainability and Fantom’s growth in the near term.
Especially with the return of “DeFi godfather” Andre Cronje, who has been considered the chief architect of Fantom over the years, there is no doubt that Fantom and the ecosystem will have a lot of attention in 2023.
Aptos
Aptos is a layer one blockchain developed by Aptos Labs to become the most scalable blockchain, providing the most security and reliability.
Aptos has been developed over the past three years by more than 350 developers across the globe. Aptos offers new and novel innovations in consensus, smart contract design, system security, processing performance, and decentralization.
Aptos launched mainet on October 19, 2022; right after the launch, Aptos was launched by a series of major exchanges, such as Binance, Coinbase, Huobi, OKX… supports Aptos listing. Aptos has also successfully raised $ 350 million through 2 rounds with the participation of leading investment funds in the market, such as Binance Labs, Multicoin Capital, Tiger Global, and Coinbase Ventures,…
With an experienced team that has worked at Meta (Facebook before) and an ecosystem that is constantly expanding, Aptos is the name expected to be a potential new-generation blockchain in 2023.
Sui Network
The Sui blockchain is Layer 1, meaning it provides the underlying infrastructure for a system of validations and transactions in much the same way as the foundational Bitcoin or Ethereum networks. Layer 1 blockchains are the fundamental architecture that supports a token—or, in some cases, a broader network of different tokens.
Sui sets itself apart from other Layer 1 chains, focusing on instant transaction finality, reduced latency in smart contract deployment, and overall transaction speed. One of the ways it aims to achieve these goals is through Move, a native programming language based on the Rust crypto programming language. Move hopes to make the development of smart contracts easier for developers, thereby expanding access and functionality within the Decentralized Finance (DeFi) industry.
Layer 2 projects
Optimism (OP)
Optimism is a layer-2 scaling solution for Ethereum that can support all Ethereum Dapps. Optimism allows users to send transactions on the Ethereum network faster and significantly lower gas fees.
Optimism has seen steady growth in 2022. Over the past year, the number of transactions on Optimism has increased more than ten times. Many projects have joined the Optimism ecosystem in 2022, with big names in the industry, such as Aave and OpenSea, among many others.
In 2023, Optimism is expected to complete a major upgrade of its platform called Bedrock, which has been researched and developed by the team for years.
Layer 2 projects are gaining traction recently, not to mention projects like Arbitrum, zkSync, and Starknet are expected to launch tokens this year. The continued boom of much-awaited Layer 2 projects this year and Optimism is a name not to be missed.
Polygon (MATIC)
Polygon is another Layer 2 scaling solution expected to explode in 2023 after one year of active activity.
In 2022, the Polygon team has continuously updated and developed more impressive products, including:
- Avail solution supports sidechain construction
- Spend $ 100 million to create the “Supernet” subnet.
- Launched zkEVM, the world’s first Zero Knowledge (ZK) scaling solution” fully compatible with Ethereum.
- Becoming a blockchain that received a lot of attention from big guys and was integrated like Circle with USDC, Facebook piloting NFT, Reddit launching NFT exchange, and the social network Lens Protocol of Aave.
With the ecosystem continuously expanding and becoming a partner with many big guys, Polygon is a potential project in 2023 that you need to pay attention to.
Arbitrum
Arbitrum seeks to resolve congestion on Ethereum through its high transaction speed of 40,000 transactions per second (TPS), costing about two cents or less in fees.
The smart contracts on Arbitrum are validated using optimistic rollups. However, Arbitrum stands out for EVM compatibility. DApp developers can build apps within the Arbitrum mainnet without learning a new coding language. For instance, if you know the coding language used for developing smart contracts on Ethereum, you don’t require additional skills.
Arbitrum doesn’t have a native token. Until a native token is introduced, the most direct way to invest in Layer 2 is by investing in projects native to the rollup.
In addition, other Layer 2 projects on Ethereum that have notably yet launched tokens, such as zkSync, StarkNet are other potential projects if the projects launch tokens in 2023.
Defi
Uniswap
Uniswap is the largest decentralized exchange (DEX) on Ethereum and the cryptocurrency market.
There are more than 72,000 liquidity providers and more than 200 DeFi applications integrated with Uniswap.
Uniswap’s TVL currently stands at $4 billion. Despite the sharp decline (~59% compared to the beginning of 2022) compared to the entire Ethereum ecosystem (down ~75%), Uniswap is still a project that will retain very good cash flow in 2022.
In October 2022, Uniswap Labs successfully raised $165 million from major industry funds such as Paradigm Venture Capital, SV Angel, Variant, Union Polychain Capital, and a16z. Series B round for ecosystem development and expansion
Also, at the end of 2022, Uniswap started supporting NFT trading using Uniswap’s NFT aggregator. This promises to attract more trading volume and compete with other leading NFT Marketplace platforms.
These promise to help Uniswap continue to hold its position as the largest DEX exchange in the market and a name we cannot ignore in potential projects in 2023.
GMX
GMX is a decentralized perpetual exchange that allows users to trade digital assets directly from their wallets. It offers features like perpetual contract trading, leverage options, and customizable risk management tools. GMX prioritizes security, transparency, and ownership by eliminating the need for intermediaries. Traders can take advantage of market fluctuations without expiration dates or roll-over fees. The platform operates on blockchain technology, ensuring transparency and immutability of transactions. GMX empowers individuals to manage their assets within the evolving landscape of decentralized finance (DeFi).
Additionally, you may also take notice of Native Dex, Perp Dex, and RealYield on Layer2. Like CAKE on the Bnb chain, native DEX and Perp Dex platforms within prominent ecosystems often offer higher profit potential. In terms of money flow, it follows the pattern of Eco to Dex. In the long run, prioritizing native Dex or even non-fork platforms where developers do not rush into farming and dumping can be advantageous.
Here is a list of Dex platforms worth monitoring: GRAIL (Arbitrum), VELO (Optimism), Zkync Era: @syncswap $MUTE – $VC, $QUICK (Polygon), $MAIA (Metis). Similarly, several Perp Dex platforms are worth keeping an eye on $GMX (Arbitrum), $PIKA (Optimism), $MVX (Polygon), and $OT (Zksync Era). These platforms allow traders to explore and potentially benefit from their unique features and offerings…
Meme coin:
Pepe
Pepe, the meme coin, has taken the cryptocurrency market by storm with its captivating appeal. Drawing inspiration from the iconic Pepe the Frog internet meme, this coin has garnered immense attention and enthusiasm among cryptocurrency enthusiasts.
With its unique branding and community-driven nature, Pepe stands out in the crowd of cryptocurrencies. Its vibrant and dedicated community adds to the excitement surrounding this meme coin.
While it is important to exercise caution when dealing with meme coins due to their inherent volatility and speculative nature, Pepe presents an opportunity for those with a confident investment strategy. By conducting thorough research, staying informed about market trends, and consulting with knowledgeable professionals, investors can navigate the volatile nature of meme coins and potentially reap the rewards.
It’s worth noting that participating in the world of meme coins like Pepe can be a thrilling experience for those who appreciate the cultural significance behind these digital assets. However, it is essential to approach such investments confidently while being aware of potential associated risks.
Ultimately, for those who are well-informed and have a calculated approach, engaging with Pepe and other meme coins can offer a unique avenue for potential growth and financial opportunities within the cryptocurrency market..
NFT
The Bored Ape Yacht Club has emerged as a highly exclusive and coveted collection of unique digital art pieces within NFTs (Non-Fungible Tokens). Recognized for its distinct portrayal of apes in a luxurious yacht club setting, this project has garnered significant attention and appeal among collectors and enthusiasts.
Ownership of a Bored Ape from the Yacht Club grants individuals prestigious membership privileges, including access to exclusive events, virtual gatherings, and an active community of like-minded individuals. The limited supply of these NFTs further enhances their allure and value, positioning them as symbols of status within the digital art domain.
Investing in a Bored Ape Yacht Club NFT showcases discernment in collectibles and reflects confidence in participating in the dynamic landscape of blockchain-based assets. These exceptional digital artworks have become highly sought-after, often catalysts for collaborative endeavors and partnerships with creative minds.
While it is prudent to meticulously evaluate any investment decision, venturing into the world of the Bored Ape Yacht Club can prove stimulating for those who appreciate the ingenuity and exclusivity offered by these NFTs. By staying abreast of market trends, actively engaging with the community, and comprehending potential risks involved, individuals can confidently embrace this distinctive opportunity for artistic expression and potential financial growth.
Conclusion:
The year 2023 promises an exciting future with groundbreaking projects across various sectors. Innovation is rising, from blockchain technology and artificial intelligence to renewable energy sources, space exploration, and Internet of Things applications. Keep an eye out for these top 12 potential projects that could explode in 2023, as they have the potential to shape our world for years to come!
