{"id":333923,"date":"2021-09-02T20:05:00","date_gmt":"2021-09-02T17:05:00","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/nft-projects-and-high-yield-opportunities-back-zilliqas-strong-rebound\/"},"modified":"2021-09-02T20:05:00","modified_gmt":"2021-09-02T17:05:00","slug":"nft-projects-and-high-yield-opportunities-back-zilliqas-strong-rebound","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/nft-projects-and-high-yield-opportunities-back-zilliqas-strong-rebound\/","title":{"rendered":"# NFT projects and high yield opportunities back Zilliqa\u2019s strong rebound"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_84 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a26b75e3216c\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a26b75e3216c\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/nft-projects-and-high-yield-opportunities-back-zilliqas-strong-rebound\/#A_rapidly_expanding_ecosystem\" >A rapidly expanding ecosystem<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/buradabiliyorum.com\/en\/nft-projects-and-high-yield-opportunities-back-zilliqas-strong-rebound\/#NFTs_excite_the_community\" >NFTs excite the community<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/buradabiliyorum.com\/en\/nft-projects-and-high-yield-opportunities-back-zilliqas-strong-rebound\/#DeFi_and_staking_features_decrease_ZILs_circulating_supply\" >DeFi and staking features decrease ZIL&#8217;s circulating supply<\/a><\/li><\/ul><\/nav><\/div>\n<p>&#8220;<strong># NFT projects and high yield opportunities back Zilliqa\u2019s strong rebound <\/strong>&#8221;<\/p>\n<div class=\"post-content\" data-v-128018ef>One of the most important factors in the long-term success of a blockchain platform is having an active community of supporters and developers that work to showcase the capabilities of the network by creating new products and interacting with projects on the protocol.\u00a0<\/p>\n<p>Zilliqa (ZIL) is one project that saw its price surge throughout August as developers built out its ecosystem and made improvements to the protocol. <\/p>\n<p>Data from Cointelegraph Markets Pro and <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.tradingview.com\/symbols\/ZILUSDT\/\">TradingView<\/a> shows that after hitting a low of $0.05 on July 20, the price of ZIL proceeded to rally 145% to an swing high at $0.1244 on Aug. 24 <\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2021-09\/18d6cbb5-d777-4c44-93c3-1beff2760065.png\"><figcaption style=\"text-align: center;\"><em>ZIL\/USDT 4-hour chart. Source: <\/em><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.tradingview.com\/symbols\/ZILUSDT\/\"><em>TradingView<\/em><\/a><\/figcaption><\/figure>\n<p>Three reasons for the bullish momentum seen in ZIL include a rapidly growing ecosystem that is attracting new participants, the launch of nonfungible token (NFT) projects on the network,and attractive staking and decentralized finance opportunities that remove tokens from the circulating supply. <\/p>\n<h2><span class=\"ez-toc-section\" id=\"A_rapidly_expanding_ecosystem\"><\/span>A rapidly expanding ecosystem<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The most recent quarterly report from Zilliqa shows that the project&#8217;s ecosystem now has more than 180 partners and projects building on the network and this shows that there is significant interest in the capabilities of the protocol. <\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2021-09\/bcb1972f-0132-4cc6-b1cf-f72388c3b93b.png\" alt=\"\" title=\"\"><figcaption style=\"text-align: center;\"><em>Zilliqa ecosystem. Source: <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/docs.zilliqa.com\/ecosystem-growth-report-2021-Q2.pdf\">Zilliqa<\/a><\/em><\/figcaption><\/figure>\n<p>As the ecosystem grows, the number of new users as determined by new wallet addresses has continued to increase by an average of 150,000 addresses per month. <\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Every token holder a user<\/p>\n<p>Based on address growth stats, it seems we&#8217;re on track to do this! This year alone, we&#8217;ve seen parabolic growth in April and a steady 150k+ new addresses each month since.<\/p>\n<p>Utility<\/p>\n<p>The 12% with ZIL on a CEX, why aren&#8217;t you using your ZIL yet?<\/p>\n<p>&#8211; KT <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/H2s2xz9BJr\">pic.twitter.com\/H2s2xz9BJr<\/a><\/p>\n<p>\u2014 Zilliqa (@zilliqa) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/zilliqa\/status\/1427163442037723143?ref_src=twsrc%5Etfw\">August 16, 2021<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<h2><span class=\"ez-toc-section\" id=\"NFTs_excite_the_community\"><\/span>NFTs excite the community <span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>A second reason for the uptick in ZIL price is the launch of NFT projects on the network.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"und\" dir=\"ltr\"><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/hashtag\/Zilliqa?src=hash&amp;ref_src=twsrc%5Etfw\">#Zilliqa<\/a> <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/hashtag\/zil?src=hash&amp;ref_src=twsrc%5Etfw\">#zil<\/a> <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/hashtag\/unicutes?src=hash&amp;ref_src=twsrc%5Etfw\">#unicutes<\/a> <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/hashtag\/NFT?src=hash&amp;ref_src=twsrc%5Etfw\">#NFT<\/a> <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/eGNbYcN7DZ\">pic.twitter.com\/eGNbYcN7DZ<\/a><\/p>\n<p>\u2014 Unicutes (@unicutes) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/unicutes\/status\/1432942671983677442?ref_src=twsrc%5Etfw\">September 1, 2021<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>The NFT sector dominated headlines all throughout August and transaction volumes on platforms like OpenSea surged to a record $3 billion.<\/p>\n<p>High fees on the Ethereum\u00a0network also have forced crypto users to migrate to competing networks that offer decentralized finance (DeFi) and NFT trading in a lower-cost environment. <\/p>\n<p>Some of the existing and soon-to-be-launched NFT and gaming protocols on Zilliqa include Unicuties, DeMons, Heroes of Lowhelm and Blox. <\/p>\n<p><strong><em>Related: <\/em><\/strong><strong><em>Evrynet&#8217;s $7M raise highlights institutional <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>etite for DeFi<\/em><\/strong><\/p>\n<h2><span class=\"ez-toc-section\" id=\"DeFi_and_staking_features_decrease_ZILs_circulating_supply\"><\/span>DeFi and staking features decrease ZIL&#8217;s circulating supply<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Another reason for the rising strength seen in Zilliqa is its growing DeFi ecosystem and attractive staking rewards that offer high yield returns for users. <\/p>\n<p>ZilSwap, the network\u2019s dominant decentralized exchange, has more than $61 million locked in its protocol and it regularly engages the community through governance votes aimed at improving the reward structure, liquidity and volumes. <\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">1\/ LIP-9 PASSED  It was a tight race to the very end, but we greatly appreciate all our community members for participating in this vote! <\/p>\n<p>The formula proposed in LIP-9 was designed to benefit <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/search?q=%24ZWAP&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$ZWAP<\/a> holders long-term. \u2b06\ufe0fLiquidity and volume = \u2b06\ufe0f Fees earned for <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/search?q=%24ZWAP&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$ZWAP<\/a> holders <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/SypQbOaI9G\">pic.twitter.com\/SypQbOaI9G<\/a><\/p>\n<p>\u2014 ZilSwap (@ZilSwap) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/ZilSwap\/status\/1429843723920154628?ref_src=twsrc%5Etfw\">August 23, 2021<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>ZIL token holders can also stake their tokens on the network and earn 12.79% APY and according to Zilliqa, 34.22% of the circulating supply is currently being staked on the network. <\/p>\n<p>According to the most recent quarterly report, 14% of &#8216;tradable&#8217; ZIL is locked up in DeFi, leaving 51.2% of the available supply in circulation. <\/p>\n<p class=\"post-content__disclaimer\">The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision.\n<\/p>\n<p><template data-name=\"subscription_form\" data-type=\"markets_outlook\"><\/template><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/nft-projects-and-high-yield-opportunities-back-zilliqa-s-strong-rebound\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;# NFT projects and high yield opportunities back Zilliqa\u2019s strong rebound &#8221; One of the most important factors in the long-term success of a blockchain platform is having an active community of supporters and developers that work to showcase the capabilities of the network by creating new products and interacting with projects on the protocol.\u00a0&#8230;<\/p>\n","protected":false},"author":1,"featured_media":333924,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjEtMDkvZmI3NzEzMmMtMDllOS00ZDFlLTlhOGEtZmFmNTAxMTk3MmU2LmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74867,88119,74863,74877,74868,87345,95118,80064,74876,86776,73785],"class_list":["post-333923","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-altcoin","tag-altcoin-watch","tag-cryptocurrencies","tag-decentralized-exchange","tag-defi","tag-ecosystem","tag-nft","tag-partnership","tag-proof-of-stake","tag-zilliqa","tag-markets"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/333923","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=333923"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/333923\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/333924"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=333923"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=333923"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=333923"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}