The crypto market has entered a bullish phase, with established Layer 1 chains like NEAR and Avalanche (AVAX) gaining momentum alongside Bitcoin's new all-time high. This article explores whether this trend signals capital rotation or a genuine revival of public chain narratives.
NEAR Protocol Rides the AI Wave with "Conference Expectations"
NEAR Protocol co-founder Illia Polosukhin's upcoming participation in NVIDIA's GTC24 "Transforming AI" session alongside CEO Jensen Huang has fueled significant price action. NEAR briefly surpassed $5 before rallying to $8 at press time.
Key developments driving NEAR's growth:
- Positioned as infrastructure for next-gen AI applications
- Partnership with Cosmose AI for stablecoin payment systems
- Meme coin BLACKDRAGON surged 700% from bottom
👉 Discover how AI is transforming blockchain ecosystems
Avalanche Ecosystem Booms with Gaming and Meme Coins
Korean gaming giant Nexon announced its MMORPG "MapleStory" will launch a Web3 version called "MapleStory Universe" on Avalanche. The original game boasts:
- 20-year legacy with 180M+ users
- Free-to-play pioneer
- PC version launching Q4 2024
Recent ecosystem developments:
- Durango upgrade enhancing subnet interoperability
- AVAX price up 15.88% to $54.55
- Gaming token GAU surged 41.5%
- Meme coin COQ rose 300%
TON Gains Momentum Through Telegram Integration
TON blockchain benefits from Telegram's new ad revenue sharing program:
- 50% revenue share for channel owners
- TON blockchain exclusively handles payments
- Binance listing rumors fueled 29.5% price surge
Fantom Attracts Smart Money Inflows
FTM has consistently appeared in smart money inflow charts:
- $153M inflow on March 3
- $179M inflow on March 5
- Current price: $0.83 (2.5% daily gain)
FAQ: Understanding the Public Chain Resurgence
Q: Is this public chain growth sustainable?
A: While some projects show genuine adoption (gaming/AI integration), speculative elements like meme coins contribute to volatility.
Q: What differentiates Avalanche from competitors?
A: Avalanche's subnets and gaming partnerships offer scalable solutions for Web3 adoption.
Q: How does Telegram's integration benefit TON?
A: It creates a closed-loop economy where content creators can monetize directly through the blockchain.
👉 Explore emerging blockchain investment opportunities
Market data current as of March 2024. Always conduct your own research before investing.