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A World of Opportunities: Your Guide to the Expansive Cronos Application Ecosystem
Cronos ecosystem update - July 2023
Cronos Ecosystem Unleashed
In the ever-evolving world of blockchain, Cronos stands out with its impressive user base, diverse applications, and unwavering commitment to innovation. With a strong foundation of over 1 million users, more than 500 DApps, close to $400 million in Total Value Locked (TVL), and ~100,000 daily transactions, Cronos has positioned itself firmly among the top 10 blockchain networks.
Our unwavering commitment to fostering a dynamic Web3 ecosystem spans across DeFi, NFTs, gaming, identity solutions, and beyond.
In this blog post, we invite you to explore the diverse Cronos app ecosystem and upcoming launches. Join us on this exciting journey as we shape the future of blockchain and Web3 together!
Announcing Cronos Discover: discover.cronos.org
We are pleased to announce that Cronos Discover is officially launched, as the new and improved portal to showcase the most popular Cronos apps to new and seasoned users alike.
The mission of Cronos Discover is to help users to explore what they can do on the Cronos blockchain. Perhaps more importantly, the portal will empower users to do their own research thanks to easily accessible information such as:
Official links to website, social media, blog and documentation
Links to audit reports
Historical token data
NFT price data (coming soon)
Number of active users, daily transactions (coming soon)
Links to verified smart contracts on Cronoscan (coming soon)
Project owners can click “submit a project” at the bottom of the Cronos Discover webpage, in order to submit new projects or project updates.
Supercharging DeFi: A World of Opportunities Awaits
Cronos' DeFi ecosystem is a diverse and dynamic space that offers a range of platforms to cater to different financial needs. From token trading to lending and borrowing, liquid staking, leverage trading, and investment management, Cronos has created a comprehensive ecosystem that provides users with a variety of options to choose from:
Decentralized Exchanges (DEXs): DEXs such as VVS Finance, MMF, Crodex, Cronaswap and Ferro Protocol facilitate seamless token trading.Ferro Protocol specializes in low-slippage swaps of stablecoins and pegged assets. In addition to enabling trading, DEXs offer reward opportunities to liquidity providers.
Lending Platforms: Tectonic and Mimas provide lending and borrowing solutions in the money market sector. Tectonic’s recently-launched Isolated Lending Pool also further expands the tokens available for leverage.
Liquid Staking: Liquid staking solutions on Cronos are accessible through Veno and Argo Finance. These platforms enhance capital efficiency by allowing users to stake their assets while using a derivative token for other utilities in the DeFi ecosystem. Over 100 million CRO & 50K ATOM have been staked so far, unleashing liquidity that was previously locked.
Leverage Trading: Leverage trading is made possible through Fulcrom Finance, the top derivative protocol that offers up to 75x leverage. In just over 4 months, Fulcrum has already facilitated over $ 300 million in trading volume. MadMex is another leverage trading platform offering up to 30x leverage, providing users with multiple trading pairs and an intuitive user interface.
Investment Management: Beefy Finance and Single Finance offer customized strategy vaults, providing users with passive investment management solutions such as delta neutral strategies. These solutions enable users to earn stable returns while hedging their exposure to market volatility.
Launchpad: The VVS Finance IGO launchpad ensures continuous innovation within the Cronos ecosystem. It has already supported the successful token launches of Veno (VENO) and Fulcrom (FUL) in the first quarter of 2023.
With these fundamental primitives of the DeFi ecosystem built out, Cronos is paving the way for innovative developments within decentralized finance. The composability of decentralized apps allows for endless possibilities, as protocols and applications can be integrated to create new solutions.
Cronos NFTs: Where Creativity and Digital Ownership Collide
In the NFT ecosystem, Cronos has witnessed the rise of many notable NFT collections, such Loaded Lions, Cronos Cruisers, VVS Miner Moles, Argonauts, Mad Meerkat NFT, CroSkulls, and Boomer Squad, each offering unique digital art and collectible experiences.
Cronos' NFT ecosystem relies on robust trading platforms, such as Minted and Ebisu’s Bay. These platforms empower users to create, trade, and engage with digital art and collectibles seamlessly. Both platforms also function as collection launchpads. For instance, with 7 successful launches under its belt, Minted fosters a vibrant NFT environment that encourages creativity and innovation within the Cronos ecosystem. Both platforms have introduced gamified experiences into their marketplaces such as Minted’s listing rewards and Ebisus Bay’s resource management game Ryoshi Dynasties.
Gaming on Cronos: Where Fun Meets Blockchain
The gaming ecosystem on Cronos is experiencing rapid growth, featuring a diverse array of games across genres. Several games across multiple genres have gone live and are currently playable on Cronos:
Hyper-casual & casual games:
D.G.Pals: An interoperable multi-genre NFT GameFi project, has one of the largest user communities
Eyeball Games: A high-quality pool gaming developed by former developers of Miniclip 8-ball Pool
Marble Verse: An exciting marble racing idle game for marble NFT collectors to race against each other
Bored Candy City offers a fun and engaging hyper-casual gaming experience
Ballies: A basketball card game that combines the best of sports and strategy
Croissant: A risk-based platform that offers both on/off-chain risk-based RNG games
Sky Bandit: A skill-based action mobile RPG
On-chain NFT-based games:
Mad Meerkat Arena: A turn-based PvP game developed by the team behind Mad Meerkat NFT
CroSkull: A fully on-chain click-to-play like game where Cro Skull NFT holders can send their NFTs on adventures to earn rewards
Atlantis: A fully on-chain resource management strategy game developed by Argo Protocol the team behind the Argonauts NFT collection
VVSGotchi: An NFT gamification project by VVS Finance for their VVS Miner Moles collection which bridges the gap between DeFi, NFT, and Gaming
Defira: A web-based fully on-chain metaverse whereby players can collect and upgrade Defira heroes to progress through the Defira leaderboard
Ryoshi Dynasties: Ebisu’s Bay gamified expansion of their NFT marketplace to reward NFT holders, traders, and collections
Boomer Squad: An NFT collection which features multiple unique on-chain experiences such as Boom Rooms and Chow Time
The upcoming months will feature several exciting game titles which are soon to launch on Cronos. Several of them started on other chains and have chosen Cronos to grow their addressable user base in a significant way.
Loaded Lions: Mane City: A tycoon-style game developed by the popular Loaded Lion NFT collection on Cronos.
Snook: An online multiplayer Snake-like IO game, which is expanding from Polygon to Cronos
Revomon: A Virtual Reality monster-hunting RPG, which is expanding from BNB to Cronos
Kingdom Karnage: A Play-and-Earn trading card game which expanded from BNB to Cronos
CryptoBlades: A Play-to-Earn web-based RPG which has presence on multiple chains and will be expanding to Cronos.
Legends of Bezogia: A play-to-earn MMORPG by ZogiLabs which is expanding from Ethereum to Cronos
The Cronos gaming ecosystem is supported by several community based gaming guilds such as The Void, LAB Gaming Guild, and Cronos Grind. With so many high-quality games being developed on Cronos, gamers can look forward to an exciting and engaging future on the platform.
When it comes to developer tools, Cronos Labs is proud to support the development of open-source software under the umbrella of the Cronos Play project, a suite of developer tools and integrations to streamline Web3 game development. Cronos Play for Unreal Engine is available for free on the Unreal Engine marketplace.
Redefining Digital Identity on Cronos
The identity layer on Cronos is an essential aspect of the ecosystem, with Cronos ID at its core. Since launch, over 17,500 “.cro” domains have been registered. Cronos ID is integrated with Crypto.com DeFi Wallet, allowing users to transfer crypto assets easily using Cronos ID’s human-readable domains. Cronos ID is planning new features such as domain notification and messaging to lay out the foundation for a functional interconnection infrastructure within the ecosystem.
Cronos ID Notifications and Messaging will make user experience and communication smooth and efficient within the ecosystem. Notifications will update users on DApps, NFT offers, liquidation risks, and price changes. Messaging will allow users to chat with verified teams or individuals, making NFT negotiations easier and offering access to social services. These features will work together to create a unified and connected ecosystem that drives innovation and growth on Cronos.
Cronos Ventures Into the Cosmos
As part of the Cosmos ecosystem of interconnected blockchains, Cronos is dedicated to enhancing its interconnectivity with various Cosmos Zones to facilitate seamless exchange of data and value. Currently, Cronos maintains connections through Inter-Blockchain Communication (IBC) protocol with Zones including Crypto.org, Cosmos Hub, and Akash network.
Cronos DeFi applications offer several use-cases for Cosmos-based assets such as ATOM liquid staking on Veno Finance, ATOM and liquid staked ATOM trading on Ferro, ATOM borrowing/lending on Tectonic, ATOM perpetual trading on Fulcrom Finance, and ATOM and AKT liquidity pairs on VVS Finance.
Cronos aims to be a more prominent member of #IBCGang by exploring connections with other smart-contract / interoperable chains such as Juno chain (JUNO), Stride chain (STRIDE), and EVMos (EVMOS) chain.
The Future Beckons: The Road Ahead
The future is filled with groundbreaking developments and opportunities. The Cronos Accelerator Program is set to further enhance the innovative capabilities of the ecosystem.
Cronos is committed to expanding the Web3 landscape, adapting to the evolving world of blockchain technology by focusing on DeFi, NFTs, and gaming applications.
Emphasizing interconnectivity, scalability, and user experience, Cronos remains at the forefront of innovation. As we strengthen ties with the Cosmos ecosystem and pursue collaboration, new growth opportunities will arise.
We invite our community to join us on this exciting journey as we shape the future of blockchain and Web3 together!