Top Trending Crypto Coins on DEXTools – LiquidLayer Token, Airtor Protocol, Bitago

Each day, InsideBitcoins covers the top trending crypto coins on DEXToolst and a presale project that investors should watch.

Recent data reveals a significant upswing in decentralized exchange (DEX) trading on Optimism, Ethereum’s layer 2 scaling solution. Wu Blockchain, a prominent Chinese crypto reporter, shared insights into the surge, emphasizing the noteworthy increase in Optimism DEX trading activity.

Top Trending Crypto Coins on DEXTools

Data from DefiLlama indicates a substantial boost, with the 24-hour trading volume hitting $344.98 million and the 7-day trading volume soaring to $11.87 billion—an impressive surge of 1687%. Notably, this surge has propelled Optimism’s DEX trading volume beyond that of Ethereum, underlining the growing prominence of layer 2 scaling solutions in the crypto space.

1. LiquidLayer Token (LILA)

LiquidLayer is a notable contender in the crypto space, introducing a highly scalable Proof-of-Work (PoW) blockchain with a unique Liquid-Staking-Derivative (LSD) Bridge.

This innovation brings Ethereum Virtual Machine (EVM) compatibility to PoW blockchains and tackles the trilemma challenge, showcasing an inventive approach to scalability, security, and decentralization.

The LSD bridge sets itself apart by utilizing DeFi for fund transfers from Ethereum, allowing users to earn APY on bridged assets instead of merely locking them.

With impressive scalability, exceeding 10,000 transactions per second (TPS), and a 5-second finality, LiquidLayer challenges conventional limitations, demonstrating that technological innovation can effectively address the blockchain trilemma.

The modular design ensures adaptability and seamless upgrades, emphasizing interoperability within the broader ecosystem. Despite the high-speed efficiency, LiquidLayer remains committed to decentralization, underscoring its dedication to preserving network integrity.

The recent surge in trading volume and a notable 472.50% price increase in the last seven days indicate growing market interest, making LiquidLayer an intriguing player in the evolving crypto landscape.

Moreover, the coin stands out for its dedication to decentralization, allowing participants of varied stakes and identities to contribute to blockchain maintenance. Multiple miners engaging in competitive puzzle-solving reinforce the network’s reliability, enhancing resilience against faults and targeted attacks.

While the coin’s attributes, such as security, fairness, decentralization, and reliability, appear promising, potential investors should exercise caution, considering the inherent risks and volatility of the cryptocurrency market.

Another noteworthy feature is the swift finality of LiquidLayer’s PoW system, achieving block finality in just 5 seconds. This streamlined approach ensures rapid transaction confirmations, aligning with contemporary demands for efficiency without compromising security.

Exciting development updates! Initially scheduled for early March 2024, we’re pleased to announce that due to significant and rapid progress in development, the LiquidLayer Mainnet will go live in the last week of December 2023. This is another step forward in achieving our…

— LiquidLayer (@LiquidLayer_) November 24, 2023

While the coin’s focus on scalability, optimized resource usage, and swift finality are promising, potential investors should carefully evaluate its long-term sustainability and performance in a dynamic and competitive cryptocurrency landscape before considering an investment.

Today’s live LiquidLayer price is $1.31, with a 24-hour trading volume of $4,200,771. LiquidLayer is up 27.60% in the last 24 hours. The current CoinMarketCap ranking is #2222, with a live market cap of unavailable. The circulating supply is unavailable, and a maximum supply of 10,000,000.

2. Airtor Protocol (ATOR)

ATOR (Anonymous Tor Relay) presents a unique initiative to empower decentralized internet relay operators and contribute to the broader landscape of open and anonymous protocols.

The project introduces the ATOR Protocol, an autonomous system facilitating on-chain recognition rewards for relay operators, starting with the Tor network.

ATOR Relay Hardware provides a low-powered computing device, allowing non-technical users to contribute to decentralized internet protocols passively and earn ATOR tokens. The project also offers decentralized services built onto registered protocols, transacted through the ATOR token.

The framework includes transitioning to a decentralized autonomous organization (DAO) for governance, emphasizing the ATOR token’s role in driving governance, incentives, and recognition within the ecosystem.

ATOR’s mission revolves around educating and recognizing relay operators globally, fostering a community of contributors to enhance decentralization. The initial focus on anonymity and security, running Tor relays, reflects a commitment to open protocols.

As announced in our spaces, we are thrilled to partner with @Hotspotty to bring ATOR to the wider DePin community and onboard their wealth of experience in scaling some of the biggest decentralized networks. pic.twitter.com/hLGuUKewi7

— ATOR Protocol (@atorprotocol) November 25, 2023

The potential to support other open protocols, a reward system, and decentralized governance make ATOR an exciting player in decentralized networks. However, thorough research is recommended for prospective investors.

Today’s live ATOR Protocol price is $1.23, with a 24-hour trading volume of $12,729,205. ATOR Protocol is up 19.44% in the last 24 hours. The current CoinMarketCap ranking is #291, with a live market cap of $107,181,284. It has a circulating supply of 87,178,438 ATOR coins and a maximum supply of 100,000,000.

3. Bitago (XBIT)

Bitago emerges as a promising blockchain-based loyalty program, offering a pragmatic solution to the limitations often associated with traditional cashback programs.

The project provides customers with an innovative way to accumulate cryptocurrencies through regular transactions with participating merchants, transcending the constraints of conventional cashback systems.

The simplicity of earning crypto tokens by engaging in routine activities like viewing videos and surveys and interacting with advertisements adds a user-friendly dimension to the platform.

To enable crypto cashback, Bitago establishes strategic partnerships with diverse merchants and businesses, enticing them to accept cryptocurrencies as a viable payment method. This merchant involvement broadens the scope of cryptocurrency acceptance and cultivates a thriving ecosystem.

A key component of Bitago’s strategy involves:

• Creating a user-centric platform or mobile application.
• Facilitating seamless tracking of purchases.
• Cashback rewards.
• Overall cryptocurrency earnings.

This user-friendly approach enhances engagement, motivating individuals to participate in and embrace the cryptocurrency landscape actively. Ultimately, Bitago emerges as a dynamic force addressing the lack of adoption in the crypto industry through a comprehensive and strategically crafted crypto cashback solution.

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⚡️Enjoy the protection throughout the vesting… pic.twitter.com/926L8WAQEQ

— TrustFi (@trustfiorg) November 25, 2023

While its investment worth depends on various factors, including adoption rates and sustained merchant participation, Bitago’s mission to revolutionize loyalty programs by incorporating cryptocurrencies into the mainstream economy positions it as an intriguing project within the blockchain space.

Investors should, however, conduct thorough research to assess its potential and align it with their investment goals.

What Might Be The Next Top Trending Crypto?

Spongebob Token ($SPONGE) is a meme cryptocurrency quickly gaining traction since its May 4th, 2023 launch on the Ethereum network. With a notable surge of 434% in the first 24 hours and a subsequent 3000% increase to an all-time high of $0.0024, $SPONGE has demonstrated meteoric growth.

Working in your 9-5 job waiting for the next #BullMarket ????????????????????????#Crypto #Web3 #MemeCoin #Alts pic.twitter.com/YDVwj7cWoc

— $SPONGE (@spongeoneth) November 20, 2023

Despite a dip, it remains 400% above its launch price, outperforming similar meme tokens. The project distinguishes itself through a Sponge staking dashboard, offering a 265% annual return for passive income and an airdrop program rewarding active participants.

Notably, its tokenomics reflect a community-focused approach with a substantial circulating supply, locked reserves, and allocations for CEX listings. The commitment to transparency is evident through the renouncement of the contract and the locking of the largest wallet, contributing to its credibility.

Spongebob Token’s roadmap underscores a mission to expand its user base, achieve market cap milestones, and secure tier 1 CEX listings. While the recent growth is impressive, potential investors should approach cautiously, considering the cryptocurrency market’s inherent volatility and the speculative nature of meme tokens.

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