Discover how USDY, a yield-bearing stablecoin from Ondo Finance, offers secure, regulated returns backed by US Treasuries across multiple blockchains.

, which are crypto assets pegged to a major fiat asset, have gained tremendous popularity and are helping investors deal with the typical volatility of the market. For many years, stablecoin cryptocurrencies have been used for payments, principal value storage, B2B transactions and more. However, traditional stablecoins have always lacked the ability to generate yield. These assets are fixed at a certain rate (e.g., $1) and, due to inflation, they don’t protect against your funds’ value erosion. 

 have started to gain traction over the past several years. These "new generation" stablecoins, unlike their traditional counterparts, not only provide rate stability but also generate yields, growing your investment over time. One of the leading assets among yield-bearing stablecoins is US Dollar Yield (USDY), issued by Ondo USDY LLC, part of 

Backed by low-risk traditional finance (TradFi) reserves, USDY generates yields and is a fully composable asset that can be used throughout the DeFi ecosystems of multiple blockchains. The reserves and issuance of the stablecoin are also subject to high regulatory controls. In the world of yield-bearing stablecoins, USDY is among the top choices in terms of popularity, regulation and security.

What is the Ondo US Dollar Yield (USDY) Token?

 (USDY) is a yield-bearing stablecoin offered by Ondo USDY LLC, part of the Ondo Finance DeFi solutions provider. 

USDY’s value tracks that of the US dollar, and it’s backed by Treasury bills and demand deposit reserves. The coin issuer’s parent company, Ondo Finance, specializes in institutional-grade crypto solutions. Ondo aims to make on-chain institutional-grade finance tools and infrastructure accessible to anyone.

USDY was launched in August 2023. As of April 2025, the stablecoin has become available on 

 — a level of multichain coverage that few other stablecoins can match.

While USDY’s price tracks the US dollar’s, its rate is typically somewhat higher than $1 because yields earned by each unit of the stablecoin are added to it, increasing its nominal value.

 (RWAs), primarily Treasury bills, although some portion of the reserves may also be represented by bank demand deposits. Both of these financial asset types are considered cash equivalents.

To ensure the Ondo ecosystem's security, Ondo backs each $100 equivalent of USDY with reserves worth $104, maintaining a 4% overcollateralization rate at all times.

Ondo Finance takes the transparency of USDY seriously. The company has established a bankruptcy-remote mechanism, with a separate corporate entity controlling the issuance and oversight of the stablecoin in various ways, including a board of directors with an independent director, and segregation of assets and reporting from Ondo.

USDY is a fully composable asset that can be used in the DeFi ecosystems of its host blockchains for various purposes, such as collateral, 

USDY provides several significant benefits for its holders. First, it allows eligible individual and institutional investors to earn dollar-denominated yield. This is in contrast to traditional stablecoins, which provide no yield opportunities at all. While other yield-bearing stablecoins also generate returns for holders, some of these pay the yields in volatile cryptocurrencies, rather than high-quality assets.

Thanks to its dollar peg, USDY offers both yield and relative stability. Additionally, it’s fully composable, creating opportunities for use across various DeFi protocols. USDY is available on seven blockchains, providing access to more DeFi opportunities than most yield-bearing stablecoins.

The coin may also be used for passive holding, growing in value over time as yields accrue. In this capacity, USDY represents a good low-risk, on-chain investment opportunity.

Finally, USDY’s overcollateralization and backing by high-quality TradFi assets, Treasury bills and demand deposits make it one of the most secure yield-bearing stablecoins on the market.

How does Ondo US Dollar Yield (USDY) work?

Individuals and institutional entities need to undergo an onboarding process to acquire USDY, during which they submit relevant identity, legal and tax documents. Ondo diligently applies 

 (AML) checks in order to adhere to US securities laws, the Investment Company Act of 1940 and other relevant regulations.

US and UK residents cannot apply to buy USDY, although you may be eligible if you’re a US or UK citizen and reside abroad.

If your application is approved, you can be issued USDY 40 to 50 days after your initial deposit date, although you’ll start earning yield from the first day of your investment. The minimum amount for investment or redemption is $500. You can buy USDY from Ondo using the 

 stablecoin. US dollar wire transfers are also supported for amounts over $100,000.

Redemptions are only transferred in US dollars to bank accounts outside the US. You can redeem your USDY investment at any time, and the typical timeline to receive your funds is about 2–3 business days from the date of your request.

USDY accrues yield daily. The stablecoin’s yields are structured not to incur any US federal tax obligations. Ondo doesn’t charge any performance or management fees for USDY yields. However, the company earns income from a portion of yields generated by the underlying assets backing USDY.

As noted earlier, USDY’s yields accrue to each unit of the token. Therefore, the value of one USDY is usually above $1. For instance, the average value of USDY as of the time of this writing (Apr 30, 2025) is $1.11.

For investors who prefer a fixed $1 rate for the stablecoin, Ondo offers the rebasing version, called rUSDY. Yields for rUSDY are paid to your wallet in the form of additional tokens by increasing the supply of the crypto, while the principal remains at (or very close to) $1. This is known as rebasing. USDY and rUSDY are freely convertible between each other.

The rebased version of the coin might be useful to those who need to ensure rate stability (for example, for B2B payments of agreed-upon contractual amounts) while also earning yields from their investments.

 as a swap pair with the USDT stablecoin.

USDY boasts numerous benefits for investors — low-risk yields from high-quality traditional assets, wide multichain coverage, regulatory compliance, transparency, composability and rate stability. The combination of all these benefits is quite rare in the crypto market, and the investor community is definitely taking note: USDY is already the third-highest-ranked yield-bearing stablecoin by market cap as of late April 2025. 

Since the yield-bearing stablecoin niche is expanding, the advantages of the USDY are likely to attract further interest, both among the institutional crowd and with individuals keen to access high-quality, institutional-grade crypto products.

Intermediate

Ondo US Dollar Yield, USDY.png

What is Ondo US Dollar Yield (USDY) and how does it work?

Discover the 7 top Sui meme coins in 2025, from MIU to HIPPO, as they gain traction with fast growth, strong communities, and unique use cases.

 blockchains, have continued to rally as investors make bold moves with renewed risk appetites. As a 

 blockchain, Sui has continued to attract crypto enthusiasts — especially meme coin lovers, who appreciate the platform's speed and affordability.

Recent surges in trading volumes and market caps of SUI meme coins — such as MIU, LOFI and BLUB — highlight growing investor interest. For instance, BLUB experienced an 88% increase in just 24 hours from Apr 22–23, 2025, contributing to the broader rally of SUI as its price surged over 63% in April 2025.

These coins often incorporate unique themes and philanthropic efforts, such as HIPPO's wildlife conservation donations, that foster strong community support.

Let's look at the top Sui meme coins making waves in the crypto market.

​Sui-based meme coins are rapidly gaining traction due to a combination of technological advantages and vibrant community engagement. The 

 parallel transaction execution and unique gas pricing mechanism enable ultrafast transaction speeds and minimal fees. This makes Sui an ideal platform for the high-volume, speculative trading that meme coins often entail. Sui’s scalability and secure Move programming language attract developers seeking efficient and safe environments for launching their new tokens.​

 (DeFi) further supports meme coin growth, providing avenues for increased utility beyond mere speculation. Following are the top ​Sui meme coins based on market cap, as of Apr 30, 2025.

 is currently the leading ​Sui-based “cat meme coin,” with a market cap of $70.6 million. It draws in investors with its fun, energetic branding and community-driven spirit. MIU also features expanded utility beyond its cute cat hype, allowing users to access DeFi and 

 (NFT) opportunities on its platform. It also promotes long-term commitment via its 

 process, as stakers can earn up to 15% APR with 12 months of staking.

The project frequently launches community events and contests, strengthening its dedicated holder base. MIU’s success highlights the growing appetite for meme tokens on scalable blockchains like Sui. Its playful appeal and strong tokenomics have positioned it at the top of the ​Sui meme sector. MIU is a 

 coin: its total supply is 9 trillion tokens, of which 55% are dedicated to a 

, 15% allocated to staking rewards, 15% to ecosystem development, 10% to community and 5% reserved for the team.

MIU continues to ride the wave of growing meme adoption, aiming to become a lasting force within the Sui ecosystem and beyond.

With a market cap of $35.86 million and over 50 million app users, 

 (MEMEFI) is an ambitious Telegram project that blends the world of memes with SocialFi utilities. Unlike typical meme coins that rely solely on hype, MemeFi aims to engage Telegram users with an interactive web3 meme-themed clicker game that offers daily giveaways and incentivizes ad creations for enterprises.

Its native token, MEMEFI, is more than just a mere meme coin, and has use cases for 

You can trade MEMEFI on Bybit’s Spot trading platform (

 is a rising ​Sui meme coin known for its chill "lofi vibes" branding that resonates with a younger, internet-native audience. Beyond its fun appearance, LOFI has demonstrated solid growth by tapping into communities through music, lifestyle and crypto.

The project also ties in eco-conscious initiatives, focusing on providing clean water sources for global communities and addressing the impact of ocean waste and plastic on marine health, giving it a mission-driven angle not typically seen in meme coins. Besides direct donating, minting LOFI Mystic Yetis NFTs also helps contribute to the cause, with 20% of the proceeds going to the LOFI Foundation.

Lofi’s accessible vibe and shrewd marketing strategy continue to attract new supporters, helping LOFI to stand out in the increasingly crowded ​Sui meme scene. 

 (commonly known as HIPPO) is a community favorite in the ​Sui meme world. The HIPPO token mixes humor with philanthropy, donating a portion of its revenues to wildlife conservation initiatives, starting with Thailand’s Khao Kheow Open Zoo that houses Moo Deng, the adorable pygmy hippopotamus that inspired this viral meme coin. This feel-good approach has helped build an extremely loyal community around the HIPPO token.

Sudeng’s dual focus on memes and real-world impact gives it staying power. The project’s growing community engagement ensures that HIPPO remains relevant in a fast-moving crypto space.

You can buy HIPPO as a USDT Perpetual contract on Bybit (

 is making waves in the ​Sui meme coin ecosystem with its aquatic-themed branding and integration of meme culture. Known for its friendly, community-first approach, BLUB frequently hosts giveaways, meme competitions and liquidity incentives to maximize engagement.

The coin’s fun branding and its steady increase in active users have helped BLUB climb the ranks quickly. Its strong online presence and viral meme campaigns have attracted crypto enthusiasts who are looking for the next breakout meme project. As it continues building partnerships and expanding its reach, BLUB demonstrates strong potential to become a staple in the Sui meme scene.

 (TOILET) is a rising meme coin on ​Sui that embraces humor and absurdity in a way that resonates with crypto culture. Its branding focuses on being intentionally ridiculous, tapping into the viral tone of meme coins that don't take themselves too seriously.

The project’s organic, community-driven growth has made it one of the most talked-about newer entrants in the ​Sui meme space. Frequent meme contests, community raids and spontaneous airdrops help fuel engagement. One of its biggest events is the distribution of Toilet Club Alpha Pass NFTs to the top 100 TOILET holders (as indicated by the Apr 21, 2025 screenshot), which gives holders access to all of Toilet Dust's projects and events and the right to vote on Toilet Dust's future development.

Despite its humorous façade, TOILET’s strong holder base and active marketing tactics suggest it may remain relevant as Sui’s meme coin ecosystem continues to expand.

 (FUD), another top project in the ​Sui meme coin category, is built around an adorable pug mascot battling FUD (fear, uncertainty and doubt) in the crypto world. With a humorous tone and clever marketing, FUD has built a vibrant community of holders who embrace both its memes and its mission.

FUD leverages trending memes, contests and airdrop rewards to keep its community marketing fresh and viral, helping it steadily grow in popularity. Its deep integration of ​Sui apps like 

 — as well as its deflationary tokenomics, whereby 20% is dedicated to token burning — makes FUD a strong contender for future growth in the meme space.

Buying ​Sui meme coins on Bybit can be exciting. Nevertheless, it's important to recognize the risks and rewards involved. 

, and their prices can swing wildly and quickly, offering chances for sizeable gains as well as sudden losses.

Always approach these investments with caution, never risking more than you can afford to lose. That said, the fast-growing ​Sui ecosystem and meme culture can create rewarding opportunities for traders who stay informed and manage their risk properly.

Currently, you can buy MEMEFI as a Spot pair and Perpetual contract on Bybit. HIPPO is also available as a Perpetual contract. This gives traders the flexibility to choose the type of exposure they want — simple buying and holding with Spot, or leveraged trading with Perpetual contracts.

Spot trading is the most straightforward way to buy ​Sui meme coins, as you directly purchase the coin and own it outright. On Bybit, the process is simple. After choosing the Spot pair, such as MEMEFI/USDT, select your preferred order type — e.g., 

(you set the price you're willing to pay) — and confirm the trade to make your purchase.

Spot trading is ideal for beginning traders, as well as anyone who prefers a more straightforward, lower-risk approach as compared to 

Buying Sui meme coins as Perpetual contracts

Bybit offers MEMEFI and HIPPO as USDT Perpetual contracts for those seeking more advanced trading options. With Perpetual trading, you don’t own the actual coins; instead, you speculate on their price movement. Key points to understand include the following:

Perpetual contracts can offer significant rewards, but require a strong understanding of 

. Always start with lower leverage and practice solid trading discipline.

Whether you prefer the simplicity of Spot or the strategy of Perps, Bybit provides flexible ways to explore the booming ​Sui meme coin market.

The rapid rise of meme coins on the Sui blockchain highlights the power of community-driven projects when they’re paired with innovative technology. Thanks to Sui’s high-speed transactions, low fees and developer-friendly environment, Sui meme coins like MIU, LOFI and HIPPO have found a perfect ecosystem in which to thrive. Each project brings something unique to the table — whether humor, philanthropy, DeFi innovation or pure meme culture — creating a vibrant and diverse ​Sui meme coin landscape.

Beginner

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7 top Sui meme coins to pay attention to in 2025

Mastercard has partnered with Circle, Paxos, and Nuvei to allow 150 million merchants to accept stablecoin payments. 

Daily top performer — Drift Protocol (DRIFT)

The S&P 500 rose 0.58% for a sixth straight gain as markets await key inflation and GDP data, alongside earnings from Meta and Microsoft. Gold fell 0.60% to $3,323 as a stronger USD and improved risk appetite limited safe-haven demand. Prices remained range-bound, with key levels at $3,260 support and $3,400 resistance. The Coindesk Indices, which tracks the broader crypto market, rose 0.51%, with Bitcoin and Ether up 0.55% and 1.31%, respectively in the past 24 hours. Trade these markets and more with up to 500x leverage on Bybit MT5 using this 

Today's top performer is DRIFT, which surged 28.7% following the introduction of Amplify, Drift's tool for simplified leverage that boosts yields with increased risk.

Drift Protocol (DRIFT), founded in 2021, is a decentralized exchange (DEX) on Solana offering spot trading, perpetuals, and market-making tools. Drift v2 builds on this by improving trading efficiency, security, and user-centric features, incorporating community feedback to enhance the platform. 

 by Drift automates leveraging strategies for higher yields by recursively borrowing against yield-generating assets. It simplifies the process, making leverage accessible with one click. However, risks such as liquidation, changing interest rates, and oracle failures exist. Amplify is designed for users with JLP or SOL LSTs seeking to boost yields with minimal complexity but comes with increased risk.

Check out the latest prices, charts, and data of 

 with Circle, Paxos, and Nuvei to allow 150 million merchants to accept stablecoin payments. The company aims to make it easier for both merchants and consumers to use stablecoins, promoting blockchain technology's mainstream adoption. Additionally, Mastercard has launched a crypto payments card with MetaMask, enabling self-custodied fund transactions with fast processing speeds. Stablecoin market growth is expected to reach $3.7 trillion by 2030.

Yesterday, Bitcoin spot ETFs saw $43.9 million in net outflows, all from non-GBTC funds, while GBTC recorded zero flows.

, a Layer-1 blockchain focused on AI agents and user-owned IP, is offering a limited-time free ticket to its Summit Series for the next 18 hours. Users can also join the Camp Points Program by completing simple tasks to earn points, which may qualify them for a future $CAMP token airdrop. A minimum of 30 points is required to be eligible. Daily check-ins earn bonus points. VPN use may be needed for access.

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Mastercard partners with Circle, Paxos, and Nuvei to enable stablecoin payments for 150 million merchants

Gold's meteoric rise in 2025 is closely tied to broader macroeconomic factors, particularly the performance of the US dollar and global stock markets. 

Gold's meteoric rise in 2025 is closely tied to broader macroeconomic factors, particularly the performance of the US dollar and global stock markets. A weakening dollar, combined with disappointing equity returns, has created a fertile environment for gold to thrive. With gold priced in dollars, any depreciation in the US currency enhances gold's relative value, attracting both domestic and international investors.

Year-to-date, gold has gained 26%, while the S&P 500 has declined by 11%. This inverse relationship underscores gold's role as a traditional 

 during periods of economic uncertainty and market volatility.

Adding to the bullish momentum, inflationary pressures are remaining persistent, further eroding the purchasing power of fiat currencies and boosting gold's appeal as a hedge against currency devaluation.

Geopolitical uncertainty and tariff risks

Trade policies under U.S. president Trump have reignited fears of global tariff wars. The uncertainty surrounding tariffs has prompted investors to seek refuge in gold, considered the "global currency" during times of economic disruption. Concerns about tariffs on key commodities, including gold itself, have added another layer of complexity to market dynamics.

Potential tariffs on gold could mirror the recent surge in copper prices, as supply constraints and increased demand drive costs higher. Exporters and importers, wary of volatile exchange rates, are increasingly opting to hold gold instead of more vulnerable currencies like the Canadian dollar (CAD), Japanese yen (JPY), euro (EUR), Chinese yuan (CNY) and Mexican peso (MXN).

By serving as a neutral reserve asset, gold provides much-needed stability amid shifting trade patterns and geopolitical tensions. As global commerce adapts to new tariff structures, the demand for gold as a "store of value" is likely to intensify.

Interestingly, the ongoing trade war dynamics suggest that for the first time in decades, gold may be emerging as the 

. As U.S. imports become more expensive due to tariffs, exporting countries earn less revenue and, consequently, reduce their investments in US Treasuries. This dynamic has led to selling pressure on Treasuries, weakening their traditional role as a safe-haven asset — and with Treasuries losing their appeal, investors are increasingly parking their capital in gold, reinforcing its unique position during this period of heightened trade tensions.

From a technical standpoint, gold's rally appears robust. The 

 (MACD) indicator remains positive, signaling that bullish momentum is intact. Notably, the 12-day moving average is above the 26-day moving average, confirming that short-term price action is outpacing longer-term trends.

 (RSI) stands at 60, indicating that while gold is nearing overbought territory, momentum hasn’t yet faded. This technical setup suggests that gold could continue its upward trajectory in the near term, especially if macroeconomic and geopolitical factors remain supportive.

The next upside technical target is pegged at $3,500, with analysts projecting a potential move toward $4,000 by year end if current momentum holds.

China's role in supporting gold prices cannot be overstated. Amid a deepening economic slowdown and strict capital controls, Chinese investors are increasingly turning to gold to preserve their wealth. With over 1.4 billion citizens seeking alternatives to a weakening yuan, demand for gold within China has surged.

This trend is reflective of a broader shift in emerging markets, whereby gold is viewed not just as an investment but as a critical safeguard against economic instability and currency depreciation. Intensifying Chinese demand provides an additional tailwind to global gold prices.

While gold commands the spotlight, silver presents an intriguing complementary opportunity. Historically correlated with gold, silver remains significantly below its ATH of $50, which was set in 2011. Given the momentum in precious metals, silver's relative undervaluation offers considerable upside potential for investors seeking diversification.

With industrial demand also supporting silver prices, silver could benefit from both safe-haven inflows and economic recovery scenarios, making it a compelling addition to a diversified precious metals portfolio.

In conclusion, gold's impressive surge to record highs is being driven by a combination of macroeconomic headwinds, geopolitical uncertainty and strong technical indicators. Trade policy risks, the weakening dollar and growing demand from China reinforce gold's role as a premier safe-haven asset.

Because technical momentum remains positive and investor sentiment strong, gold appears well positioned to continue its ascent toward the $3,500 mark by year end. Investors seeking to hedge against economic instability and currency volatility will likely find gold — and potentially silver — to be attractive additions to their portfolios in 2025.

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Bybit X FXStreet Report: Gold could reach US$4,000 per ounce by 2025

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Blockchain

Ergo is a type of secure blockchain based on DeFi functionalities and it combines the best features of Ethereum and Bitcoin. Find out about how it works here.

Deciding which crypto is right for your portfolio can be challenging when there are hundreds of options from which to choose. One project you might want to consider is 

, which is designed specifically to bridge the gap between 

. Investors have shown substantial interest in this altcoin, and it’s currently at a healthy price. If you’d like to place some of your money into ERG, it would behoove you to have a solid understanding of the Ergo platform and its many features.

 (DeFi) functionalities. Its purpose is to combine the best features of Ethereum with those that Bitcoin has to offer.

 (PoW) similar to the consensus protocol that Bitcoin uses to ensure its network is secure and 

 are available to accommodate DeFi. The security features were taken from Bitcoin, while the smart contracts and decentralized features came from Ethereum. If you want to 

 Ergo tokens, this platform uses a protocol referred to as "

," which is a substantially modified version of the Bitcoin mining protocol.

 created this crypto project. As a blockchain veteran who has been developing crypto-related software, Chepurnoy has written and published numerous papers on blockchain technology over the years. Prior to creating Ergo, he worked as a researcher at 

, an engineering and research company best known for creating 

, a fellow researcher at IOHK, to develop Ergo, which was officially launched at the beginning of July 2019. When this project first began, Chepurnoy stated that it was made to deliver extensive smart contracts as well as ample security features.

Ergo works by combining the top features of Ethereum and Bitcoin. The platform was designed to be a more efficient and secure financial contracts platform that offers comprehensive DeFi functionalities. Keep in mind that “decentralized finance” refers to applications that remove centralized banks from financial transactions.

The platform’s mining model is similar to that of Bitcoin and allows for the creation and validation of new coins. However, computer size is limited for mining operations, meaning that large mining farms that consume high amounts of carbon aren’t developed.

The Ergo platform also exists as a programmable blockchain similar to that of Ethereum. Since it’s programmable, the blockchain's able to host various 

 (DApps). Ergo provides this functionality without charging 

Developing DApps on Ethereum is challenging, since transaction fees differ, depending on current network congestion. This issue makes it practically impossible to estimate development costs. In comparison, developers know the exact amount they need to pay to develop an app on Ergo.

 smart contract language, allow for the creation of more complex and secure financial contracts, which Ergo’s team believes is necessary for the DeFi industry to advance in the coming years.

Every token that's hosted in a smart contract comes with an added layer of protection detailing when the token can be used, who can use the token and what conditions must be met before it’s used.

ErgoScript makes smart contract development simple with 

. The light nodes don't need to hold the full blockchain copy, or run on a 24/7 basis, which allows the platform to use less computing power and storage space. Because of these features, the platform is mobile-friendly.

Be aware that this platform doesn't use general-purpose programming languages, such as 

. Instead, ErgoScript makes code specifically for decentralized finance, which ensures the code is simplified and relatively easy-to-use.

Ergo offers an array of features that makes the platform a worthwhile investment. Along with the PoW model, Ergo also comes with no gas fees and a crowdfunding service known as ErgoRaffle. We discuss the latter below.

Ergo uses the PoW model to mine new coins and validate transactions. When it comes to this consensus mechanism, anyone who mines ERG can use multiple 

 on a single Ergo node. While the PoW model is effective, it also consumes a lot of energy, Bitcoin’s main issue.

Ergo, however, has mitigated this issue somewhat with its Autolykos mining algorithm. This algorithm is resistant to 

 and large mining pools, which makes the PoW model more efficient. In fact, anyone who wants to mine Ergo can do so with a standard computer and graphics card.

Ergo is set to mint its entire supply in the 26 years following its initial mainnet launch in 2019 — in other words, by 2045. Mining Ergo tokens is simple and straightforward. All that's required is for the mining to configure a standard node, which is possible if your graphics processor has at least 4GB of VRAM. However, 8GB of 

Since Ergo is based on the PoW consensus mechanism, miners are able to use multiple graphics processors on just one node. It's also possible to 

. However, the Ergo team recommends that miners select only small pools.

 types with full support. Two of them — 

 — are web-based. Only Yoroi supports native assets. The official 

 is likely the best one, since it provides 

 functionality, as well as scripts and native-asset support. A mobile version of the wallet can be found on 

Even though Ergo is a programmable blockchain that allows for the development of decentralized applications, its platform doesn't collect transaction fees. This feature has made Ergo popular among developers who create DApps.

As we previously stated, Ergo supports the creation of DApps that extend platform functionality. One DApp that was built on the Ergo platform is 

 protocol and is considered to be a decentralized 

 that effectively secures the privacy of each user by sending and receiving tokens in large batches before mixing them up. With this approach, tracking transactions is practically impossible. Another DApp built with Ergo is the 

, an NFT marketplace that runs hundreds of auctions.

, previously known as ErgoDEX, is the decentralized exchange that exists on the Ergo platform. However, that’s not all: Spectrum is also meant to be a native cross-chain ecosystem with new offerings. This specific DEX allows users to transfer their liquidity between Cardano and Ergo. Remember that Spectrum uses the 

 model to ensure that liquidity sharing is possible between these platforms.

 protocol. When a user performs a transaction on this exchange, they’re provided with incentives. The ecosystem’s various users include user-interface (UI) providers, liquidity providers, traders, miners and off-chain executors.

Over the years, the Bitcoin platform has 

 that have either been misplaced or lost altogether. Other projects have issues with token flow, since tokens can remain in wallets for an extended period of time without being touched, which means there aren't as many tokens on the market.

Ergo aims to mitigate this issue with a feature known as 

. This feature recycles unused and lost tokens so they can be placed back into circulation. When tokens remain untouched for a period of four years, miners can collect fees, which are considered to be incentives for effectively securing the Ergo network when 

With this form of rent collection, unused data is no longer a problem. Users can remove or transfer tokens before being charged fees. If they don't, users would pay the fee every four years to allow unused tokens to be mined.

 is a type of crowdfunding service created by Ergo, which allows users to raise money for a wide range of different projects. Examples of these projects include a charity donation, an academic study or a business plan. Once a raffle takes place, a lottery will occur, which results in one of the participants winning a portion of the raffle.

, is a platform designed to accommodate P2P lending and borrowing via the Ergo blockchain. Still in development, the team behind EXLE is raising funds to assist with the progression of the decentralized application. When the platform is in place, anyone who contributed to EXLE’s development can fund a loan, making it possible to enter a pool of lenders and earn returns from interest on the loan. Lenders are set to receive returns of 5% for every loan they assist in funding.

Already, EXLE has started providing loans with funds from ErgoRaffle. The recipient of one loan, Margaret Mama Gibby, received $2,500, which she will repay over a period of 12 months beginning in September 2022. 

An additional loan of $3,000 recently reached that amount with funds remaining from the initial loan. The borrower, Grace Lotoom, is establishing a cyber cafe with the funds, and will also start to repay the funds in September on a 12-month term. The team behind EXLE believes that nearly 20,000 borrowers will seek loans in the coming year.

Ergo has many distinct use cases, the primary being the creation of DApps. As mentioned previously, DApps such as SigmaUSD, Ergo Auction House and ErgoMixer all have different uses. For instance, SigmaUSD is a decentralized stablecoin that has been pegged to the U.S. dollar. On the other hand, the Ergo Auction House supports NFT auctions. By allowing different types of DApps to be created, Ergo's use cases will expand over time.

ERG is the token for the Ergo platform and is considered to be deflationary. It has a maximum supply of 97,739,925 ERG tokens. 

Block rewards have consistently been decreasing by 3 ERG per block ever since 2021 — two years after the token was launched. At the launching of this platform, block rewards were at 75 ERG. According to the original emission schedule, once eight years have passed, these rewards will reach zero. After which, miners will be compensated with the fees collected from transactions and Storage Rent. 

 was introduced on June 22, 2022 with alterations to the original emission curve. This plan allows for a percentage of block rewards to be placed in a remission contract such that it extends the schedule by 17.38 years to 2045. Current block rewards are at 63 ERG per block, and once the emission schedule decreases to 3 ERG per block, miners will receive the same amount of rewards until the remission contract depletes.

The current ERG price is around $3.17, which is up significantly from the $2.0377 price on August 10. The current market cap for this coin is approximately $101 million. More than 32 million ERG are in circulation today.

Ergo, an ever-evolving crypto platform, is currently developing a crowdfunding platform as well as a decentralized exchange. Additionally, the platform wants to continue growing for the foreseeable future. Ergo's road map is a lengthy one, with potential refinements that include refundable ICOs, private swaps and an ErgoPay feature. Because of the large number of features the platform is adding on a regular basis, the Ergo team believes that new users will be attracted to the platform, which could result in the value of ERG increasing.

There are many reasons why Ergo can be considered a good investment. The platform takes its strongest features from both Bitcoin and Ethereum, which helps it minimize potential problems. If your main goal when investing in cryptocurrencies is to use a platform that offers transaction privacy, Ergo could be a great investment. It’s not supported by venture capitalists, who prefer transaction transparency, which indicates that the platform offers ample privacy.

The growth of its token largely depends on community engagement and support from DApp developers. If you're unsure about the future growth potential of this token, the somewhat low price of ERG means you can add it to your portfolio without needing to make a sizable investment.

Ergo is a unique platform that offers valuable features and functionality that aren't readily available with other crypto projects. While Ethereum is also a programmable blockchain, it comes with high gas fees, a problem that Ergo deftly avoids. Whether you want to make trades with or mine ERG, the Ergo platform has plenty of existing use cases — with more to come.

What Is Ergo Crypto: Combining the Best of Bitcoin & Ethereum

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