New DeFi platforms emerge as stock markets turn chaotic

Here’s why Pi Network, Jasmy, LTC, Ethena, and altcoins are down

The crypto community embraced President Trump and was rewarded with anti-regulatory policies. However, the trade war, fewer rate cuts, and other events rattled the stock market.

Here’s why Pi Network, Jasmy, LTC, Ethena, and altcoins are down

The silver lining for crypto enthusiasts is that various DeFi developers are rolling out ambitious projects. For example, Time.Fun, a Solana-based platform, launched in February, is a market where fans may buy time they may share with their favorite creators. Creators set profiles on Time.Fun and are divided into several categories, including music, influencers, investors, marketing, UI/UX design, athletes, and others.

Here’s why Pi Network, Jasmy, LTC, Ethena, and altcoins are down

Ethos network is designed to provide tools that allow users to measure the credibility and reputation of the web3 platforms. Ethos went live on Base in January. The platform allows various web3 entities to capitalize on their reputation. Bad actors may get penalized, though 3DNS is an Ethereum-based onchain domain registration platform, launched in 2023 and claiming to be the first such. The platform supports over 400 domains, including .com, .xyz, .box, and others.