The cryptosphere is constantly evolving. A few years ago, Polygon (MATIC) and Aave (AAVE) took over with their unique proposition to improve DeFi. But the story is different, with rising star DeeStream (DST) dominating ICO with the astronomic rise in demand. Many experts have predicted a 50x surge and potentially dethroning Polygon (MATIC) and Aave (AAVE). But can DeeStream truly dethrone the established leaders in 2024? Let’s find out.
DeeStream: Transforming Web3 Entertainment
DeeStream (DST) is ushering in a Web3 revolution, breaking free from traditional streaming’s walled gardens. Piquing the interest of market gurus with a compelling $0.035 presale price, DeeStream goes beyond content hosting – it empowers users to shape their entertainment experience.
Picture a realm where creators are rewarded, viewers earn for engagement, and freedom of expression reigns. This platform, fortified by blockchain security, ensures transparency and untampered interactions. Built on Ethereum, DeeStream (DST) streamlines transactions, offering lower fees for streamers and community-driven governance.
With the global live-streaming market projected to reach $247 billion by 2027, DeeStream (DST) positions itself as a transformative force, inviting investors to share in profits, influence its trajectory, and join a thriving community.
Polygon (MATIC) Lose Scalability Race
Polygon (MATIC) emerged as one of the pioneering layer two chains integrated with the Ethereum network, boasting a well-engineered infrastructure tailored for facilitating scalable operations. Its primary aim revolves around fostering enhanced efficiency, reduced latency, and cost-effective deployment of smart contracts.
Initially, Polygon (MATIC) garnered considerable appeal due to its implementation of the plasma framework coupled with a Proof of Stake (PoS) consensus algorithm. These features contributed significantly to its allure, although this attractiveness waned with the advent of newer and more advanced scaling solutions. Presently, Polygon (MATIC) finds itself amidst intense competition, leading to a dimming of its once-promising prospects.
Despite its advancements, it’s crucial to note that Polygon (MATIC) has never operated as an autonomous chain; instead, it remains intricately connected to the Ethereum ecosystem. Given Ethereum’s historical reputation for inefficiencies, any potential disruption or cessation of Ethereum (ETH) would inevitably exert a direct impact on Polygon (MATIC)’s operations and existence. Therefore, the intertwined nature of these platforms underscores the importance of Ethereum’s stability for Polygon (MATIC)’s continued functionality and relevance.
Aave (AAVE) Disappoints Investors Despite Expansion Plans. Dive by 16%
Aave (AAVE) was another industry leader that lost its top spot due to a lack of evolution and multiple issues with its lending/borrowing use case. Aave (AAVE) started as an Ethereum-based decentralized protocol for lending and borrowing.
However, many users are already leaving Aave (AAVE) due to its over-collateralization and low interest for investors. This is evident in its token’s negative reaction following its recent plans to expand to Neon EVM on Solana.
Despite the expansion plans, Aave (AAVE) dived by 16% to $83, further worsening its decline from an all-time high to 89%. Compared to the December high, Aave (AAVE)’s TVL has also fallen by over $500M today.
Conclusion
DeeStream’s potential for user empowerment, community governance, and blockchain-backed transparency is undeniable. While Polygon (MATIC) faces scalability concerns and Aave (AAVE) struggles with user dissatisfaction, DeeStream’s revolutionary approach to Web3 entertainment and presale surge has sparked intrigue. Technical analysts speculate that DeeStream (DST) will become the new crypto market leader and take over from bear-stricken Aave (AAVE) and Polygon (MATIC)
Find out more about the DeeStream presale at their official website.
