Investing in cryptocurrencies is a tricky business because the market is so incredibly volatile – you never know if a token has hit its peak already or is just getting into its stride, and for every winner there are multiple losers that quickly slide into irrelevance.
That’s why many investors try to identify the most promising new cryptocurrencies. It makes sense that if a digital asset is brand spanking new, it’s probably going to grow in value and potentially deliver strong returns for investors who get in early. But the challenge lies in picking those coins that genuinely have a future, and that means doing your research, identifying both its use cases and any new innovations that are likely to ensure its long term success.
There are never any guarantees in crypto, but we’ve taken the time to highlight five new cryptocurrencies that have only just launched, which – in our view – are likely to stick around and grow their relevance in the years to come.
1: OMNI
An ambitious interoperability protocol that aims to become the communications layer for Ethereum’s Layer-2 rollups, Omni Network promises to further collaboration between DeFi and Web3 applications, enabling them to operate seamlessly across multiple L2 networks.
As an Actively Validated Service, Omni leverages the cryptographic security of restaked ETH via to ensure the seamless and secure transfer of data and assets across Ethereum’s growing L2 ecosystem.
The OMNI token serves as a gas resource that can be used to pay for transactions on any rollup, as well as the Omni EVM. It will also enable holders to participate in governance, and it can be staked alongside restaked ETH in the protocol’s dual staking security model, allowing holders to generate returns.
Omni intends to fix the growing fragmentation within Ethereum’s L2 ecosystem and facilitate the flow of liquidity across rollups, paving the way for every Ethereum-based dApp to scale.
2: SXT
SXT is the native token of Space and Time’s decentralized data warehouse platform that enables verified off-chain data to be used by blockchain applications. Developers can execute SQL queries on external data and verify those results using Space and Time’s “Proof-of-SQL” consensus mechanism, ensuring its cryptographic integrity.
Launched this year, SXT token is key to making this possible, serving as a payment mechanism for queries, incentivizing validators through staking and enabling governance. Network validators are required to stake SXT to validate transactions, and this acts as an economic incentive for them to index data correctly, with their deposits at risk of being slashed in the case of any malicious activity. The Proof-of-SQL consensus mechanism is the real innovation here, ensuring that every SQL query executed on the Space and Time network is done correctly and can be verified using cryptographic proofs.
Developers need SXT to access Space and Time’s network by paying small fees for each query and for storage, while token holders also get voting rights to participate in decisions on the future of the protocol.
Space and Time is likely to become a critical tool for AI and DeFi dApp developers seeking a scalable and trustless way to process off-chain, which should mean increased demand for SXT. The project has already gained strong momentum, including integrations with Ethereum, Polygon, Sui and Chainlink Rewards, plus backing by Microsoft.
3: LISTA
The creator of the lisUSD stablecoin token, Lista DAO has developed an open-source liquidity protocol for DeFi investors to earn yield on collateralized digital assets including BNB, ETH and various rival stablecoins. In addition, they can use the protocol to mint and borrow new lisUSD tokens. It’s notable for coining the phrase “destablecoin”, to highlight lisUSD’s decentralized nature, in contrast to centralized stablecoins like USDT and USDC
LISTA serves as Lista DAO’s governance token and has considerable utility. In addition to being able to vote on protocol decisions, LISTA can also be earned as rewards for users who borrow lisUSD against some other form of collateral. Those who deposit capital in Lista DAO’s lisUSD and slisBNB liquidity pools also generate LISTA yield.
Users can also choose to lock up their LISTA in smart contracts and receive veLISTA as a receipt token, which can then be used to vote on issues such as the new collaterals for minting lisUSD, and the creation of new liquidity pools and their emissions. As an added benefit, those who lock their LISTA also benefit from fee sharing incentives.
LISTA’s high earnings potential helps it to stand out at a time when interest in DeFi on the BNB chain is really growing strong.
4: TAKER
Taker Protocol has gotten a lot of interest this year due to its commitment to boost the utility of Bitcoin in DeFi. It’s designed to enhance the scalability of BTC via a liquidity layer, enabling it to be used for lending, staking and yield farming across multiple blockchain ecosystems.
The main purpose of Taker is to enable the seamless transfer of BTC across networks, and it can potentially provide the kind of interoperability that institutions have only been able to dream of until now. Its advantage stems from the fact it can access far more liquidity than other interoperability protocols because it aggregates capital from multiple sources, providing better trading conditions with lower slippage.
Users who provide liquidity to the protocol earn TAKER rewards through Taker’s Nominated Proof-of-Liquidity consensus mechanism, which ties the amount of incentives to the growth of its ecosystem. To provide liquidity, users simply stake BTC to become either validators or nominators, for which they’ll also earn a share of the trading fees and block rewards generated by the protocol. The TAKER tokens can then be used for staking, lending or yield farming to generate additional rewards.
5: CETUS
CETUS is the native cryptocurrency of Cetus Protocol, which is the fastest-growing decentralized exchange on the Sui and Aptos blockchains – two networks that are tailor-made for blazing fast DeFi. It also acts as a liquidity layer, utilizing a concentrated liquidity market maker model to ensure superior capital efficiency, enhancing the trading experience of users on both chains.
By holding CETUS tokens, traders benefit from lower fees on cross-chain swaps. They can also stake CETUS to earn staking rewards, and in doing this they also become eligible to vote on protocol-related decisions.
The potential of CETUS is directly correlated with that of Cetus Protocol itself, which takes advantage of the Sui blockchain’s rapid throughput to enable an extremely efficient and low-cost cross-chain DeFi trading experience.
1: OMNI
An ambitious interoperability protocol that aims to become the communications layer for Ethereum’s Layer-2 rollups, Omni Network promises to further collaboration between DeFi and Web3 applications, enabling them to operate seamlessly across multiple L2 networks.
As an Actively Validated Service, Omni leverages the cryptographic security of restaked ETH via to ensure the seamless and secure transfer of data and assets across Ethereum’s growing L2 ecosystem.
The OMNI token serves as a gas resource that can be used to pay for transactions on any rollup, as well as the Omni EVM. It will also enable holders to participate in governance, and it can be staked alongside restaked ETH in the protocol’s dual staking security model, allowing holders to generate returns.
Omni intends to fix the growing fragmentation within Ethereum’s L2 ecosystem and facilitate the flow of liquidity across rollups, paving the way for every Ethereum-based dApp to scale.
