In recent years, the Ethereum ecosystem has bloomed in multiple directions — that much is clear.
Importantly, this blooming has allowed the smart contract platform to become an early king of the hill regarding DeFi, decentralized exchanges, stablecoins, Layer-2 blockchain scaling solutions, non-fungible tokens, and more.
The advance of these innovations has led to something of a metaphorical gravity well, in which builders keep flocking to Ethereum because it’s become the premier platform for these advanced blockchain possibilities.
With that said, promising new Ethereum-based projects continue springing up at a rapid pace these days, making it dizzying at times to try and keep up with all the notable efforts. Interested in playing some catch-up? Here’s 10 newer Ethereum projects you can put on your radar — they’ve the potential to be around for years to come.
mStable is a meta-assets protocol focused on stablecoins that launched in late May 2020. The system is meant to address fragmentation and a lack of native yield opportunities in the stablecoin ecosystem.
Among the project’s first releases was mUSD, a meta-stablecoin underpinned by other stablecoins like DAI, USDC, TUSD, and USDT. This means you can mint or redeem mUSD on a 1:1 ratio with any of its constituent stablecoins. Additionally, mUSD also generates yield via mStable swap fees and via lending underlying assets through Aave and Compound.