Ondo Finance has expanded their U.S. Treasury-backed tokens to the Solana (SOL) blockchain and ecosystem applications. As a result, investors can now use them as collateral and in Decentralized Finance (DeFi). These tokenized treasuries spearheaded the real-world asset boom to bring traditional assets like bonds and credit to blockchain rails.
Everlodge (ELDG) is an upcoming DeFi project that will change how people invest in the $4.548 trillion global hospitality industry by combining blockchain technology with AI-driven features. Today, we will be going over both of these projects to see how far they can rise.
Solana (SOL) saw a major upswing in activity, after tokenized real-world asset (RWA) platform Ondo Finance said it expanded its U.S. Treasury-backed tokens to the network and its DeFi protocols such as Orca and Raydium.
This is because Solana is the first Layer-1 network after Ethereum where investors can access Ondo’s yield-generating stablecoin alternative U.S. Dollar Yield and a tokenized version of BlackRock’s short-term Treasury bond exchange-traded fund, OUSG. Interest in the Solana crypto has increased as a result of this, but it is not the only crypto to gain significant attention from traders.
Everlodge (ELDG) is also making significant waves as it can completely change how traders access the $4.548 trillion global hospitality industry.
This is an upcoming DeFi project and real estate marketplace that will introduce blockchain technology and AI-driven tools that can completely disrupt the real estate market. The project is undergoing its crypto ICO, but has already caught attention.
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