Origin Protocol is a crypto project whose future looks very bright. Especially in the web3 space, there are predictions that this project will grow to become a leading force. But this wouldn’t be possible if the Origin Protocol didn’t have certain things in place. Below are some factors that could make this project a leading web3 project.
What is the Origin Protocol?
- Origin Protocol is a crypto project with enormous dreams of dominating the Web3 industry. Established in 2017, this project has a lot of things that it plans to implement in the near future. Apparently, Origin Protocol is mainly popular due to its staking plans. Moreover, this protocol is new to liquid staking in 2023, accruing over $80 million in TVL to its new token, Origin Ether (OETH). So, after the launch of Origin Ether (OETH) in May 2023, many users became increasingly aware of this protocol. Nevertheless, there are some reasons that could make Origin Protocol dominate the Web3 industry. We will be exploring these reasons below.
Origin Protocol Security is Topnotch
- One of the things that makes this project appealing to many is due to the improvements it boasts of. Apparently, it has some of them. The most secure decentralized financial (DeFi) platforms and products. In the world of DeFi, there are often cases of poor security. Hence, Origin Protocol wants to change the narrative by improving the quality of its security. In fact, an excellent example of this is that their ETH products are open-source, decentralized, and non-custodial.
Long-Term Products, Goals, and Objectives
- It is clear that this crypto project isn’t only for the short term. Hence, the developers of this project are creating platforms, products, and services that last for the long term. In fact, expert analysis shows they are building products that will continue to disrupt the web3 industry in many years to come.
Creation of New Product
- One of the things separating Origin Protocol from others in the market is that they are constantly creating new products. So, they are very prominent in creating innovative new products that are timely and ready to be adopted by crypto native users. In fact, the Origin Ether (OETH), an ETH liquid staking aggregator, is one of their biggest products.
Origin Protocol Solves Real-Life Problems
- Another reason Origin Protocol stands a chance of taking over web3 is because it solves real-life issues. Apparently, they are not like many crypto projects that promise abstract things. For instance, the launch of their Origin Ether (OETH) wants to solve the issue of compressing ETH staking yield.
Global Reach
- Of all the other reasons, one of them that stands out is that Origin Protocol has a global audience. Apparently, this is the reason they have a fully diluted valuation of more than $130 million. Moreover, they have an average daily traded volume of over $14 million.
Conclusion
Origin Protocol is a crypto project that is attracting a lot of investors. Apparently, there are some reasons that make this project very appealing to many investors. Some of them are that the project tends to create new and innovative products. Others are that it has a global reach plus it solves real-life issues.
The information provided in this article is for informational purposes only and should not be considered financial advice. The article does not offer sufficient information to make investment decisions, nor does it constitute an offer, recommendation, or solicitation to buy or sell any financial instrument. The content is opinion of the author and does not reflect any view or suggestion or any kind of advise from CryptoNewsBytes.com. The author declares he does not hold any of the above mentioned tokens or received any incentive from the company.
