As the world of crypto continues to evolve, investors are faced with increasing options when selecting which protocols to invest in. Investors need to pick top protocols for top-tier returns. Avalanche (AVAX), Tron (TRX), and Uwerx all offer unique advantages and have the potential to provide investors with market-leading returns in 2023.
Avalanche (AVAX)
Avalanche (AVAX) is one of the original alternative Layer-1 blockchains. Avalanche (AVAX) launched in 2020 and quickly established itself as a competitor to Ethereum (ETH). Avalanche (AVAX) provides a unique solution to scalability through its subnets which allow the creation of limitless blockchains all housed within the Avalanche (AVAX) ecosystem. Analysts expect businesses and private enterprises to utilize Avalanche (AVAX) subnets, which will drive increased demand for the Avalanche (AVAX) token in 2023. Popular DeFi trading protocol GMX (GMX) deployed on Avalanche (AVAX) and Arbitrum, choosing only chains with the fastest transaction finality showing the high-grade performance of Avalanche (AVAX).
Tron (TRX)
Tron (TRX) is another layer one blockchain, and Tron (TRX) has massively outgrown its original use case. Tron (TRX) intended to connect content creators and consumers without the middleman. But Tron’s (TRX) designated proof of stake consensus mechanism makes Tron (TRX) one of the fastest and cheapest blockchains in the space. As a result, users, particularly in developing nations, adopted Tron (TRX) and used Tron (TRX) to access stablecoins pegged to the dollar, allowing them to preserve their wealth and avoid inflation. Tron (TRX) has proven a lifeline to millions globally, and analysts expect the Tron (TRX) adoption curve to continue in 2023.
Uwerx (WERX)
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Author: Crypto Daily