Which Altcoins Are Worth Paying Attention To?
Investors have turned their attention to World Liberty Finance after the WLFI token began trading and the flagship USD1 stablecoin reached $2.64 billion in volume in six months
With the rise in popularity, there is some discussion about which altcoins could benefit the most. Analysts believe that these could be BNB coin, Chainlink (LINK), and Bonk (BONK).
Why BNB, LINK and BONK Can Benefit from WLFI Adoption
BNB Chain has become a key platform for USD1 expansion. According to CoinMarketCap, 81% of USD1 supply is on BNB Chain, making it the leading network for the WLFI stablecoin. Although the supply of USD1 stablecoin on other networks increased by $437.59 million in August, BNB Chain remains the leader.
This concentration highlights the importance of BNB in the WLFI ecosystem. With the increase in USD1 issuance, the demand for blockchain space and liquidity on the BNB Chain is likely to increase. For BNB holders, the network effect could lead to sustainable utility and transaction growth, which would positively impact the price of BNB.
Chainlink (LINK) has become a major player thanks to its Cross-Chain Interoperability Protocol (CCIP), which serves as a key element for WLFI operations.
Zach Raines from the Chainlink community reported that CCIP processed over $130 million in cross-chain transfers in a single day. Of that, $106 million, or 81.5%, involved WLFI transfers.
WLFI also leverages Chainlink's Cross-Chain Token (CCT) standard, making LINK oracles and interoperability services important to its growth strategy.
With over 80% of CCIP volume tied to WLFI, the partnership places LINK at the center of the emerging multi-chain ecosystem.
Increased activity by WLFI could strengthen LINK's position in the market.
Another promising altcoin is Bonk (BONK), the leading memecoin on Solana. WLFI recently selected Bonk.fun to launch USD1 on Solana, which was a big deal for both ecosystems.
“We are excited to announce our partnership with World Liberty Finance to become the official launch platform for USD1 on Solana… bringing a new wave of users to Solana,” Bonk.fun said.
Analysts like Unipcs believe that this agreement could significantly increase liquidity in the Bonk ecosystem, noting that USD1 has led to $30 billion in trading volume on the BNB Chain in just the first month.
If WLFI replicates its success on Solana, BONK and its ecosystem could attract significant flows of liquidity and attention.
Short-Term Challenges and Long-Term Opportunities for the WLFI Ecosystem
Despite the optimistic outlook, the WLFI ecosystem faces short-term challenges. CoinMarketCap data shows that the ecosystem’s market cap has fallen 4.28% to $11.47 billion, with trading volume down nearly 60%.
Analysts suggest that early exits could impact WLFI’s price performance, but this could change with the launch of new partnerships like Bonk.fun. BNB, LINK, and BONK stand out as leading altcoins that could benefit from WLFI’s growing influence.
These projects have the potential to lead a new wave of stablecoin-related liquidity, interoperability, and growth in crypto markets. However, this depends on rapid adoption of WLFI.
Источник: cryptocurrency.tech
