Darwinia Network is an open cross-chain bridge protocol. It is developed based on Substrate and is focused on the construction of the future Internet of Tokens. It has two native tokens, RING, and KTON. RING is the main token of the network that is used as gas for transactions on the network. This network has been developed as a permissionless non-custodial bridge protocol, featuring efficiency, decentralization of cross-chain tokens, low cost, and NFTs transfer.
The Substrate is the "Web 3.0 cross-chain bridge hub" of the cross-chain ecology that provides a safe and general bridging solution that connects to Ethereum, Polkadot, TRON, and other heterogeneous chains through remote chain call cross-chain transfer of assets. Also, the Darwinia bridge solution integrates technologies, including zero-knowledge, super-light client, and optimistic verification mechanisms.
Darwinia was written in Polkadot light-paper in 2020 as one of the friends of Polkadot and Substrate. It was also introduced as one of the "Projects to Watch" by Polkadot founder Gavin Wood. The developed products and tools of the Darwinia network have been rewarded three W3F Grants.
Darwinia Network's application areas include DeFi, cross-chain NFT trading, gaming, and more. Darwinia Network received the Level 2 badge from the Parity Builder Program. Users play to earn from the Gamefi Farm and enjoy the fun of cross-chain wars, trading, and architecture. Evolution Land has integrated multi-chain NFTs and 10+ projects, including Polygon.
As part of the Polkadot ecosystem, Darwinia Network is a blockchain network based on Substrate technology. However, it is different from Polkadot in some ways. Darwinia Network is a platform that focuses on cross-chain tokens. Through the Darwinia Network, blockchain games or Dapps can easily perform cross-chain token transactions and transfers.
For instance, Cryptokitties can use the Darwinia chain to convert its NFT on Ethereum (Kitties) into NFT on EOS. Also, it is possible for players on Ethereum and EOS to play the Evolution Land game simultaneously via the Darwinia Network. Moreover, Darwinia Network can link to a wider range of games and players, thanks to the Polkadot ecosystem
Darwinia Network (RING) has gained much attention recently. Our data show that RING's Twitter followers account went up by 132% over the last five months. Also, its Telegram channel users saw an increase of 67% during the same period.
RING's market cap rank followed a bell-shaped trend over the last five months, peaking at 366 on August 16, 2021, reaching 737 when writing this post with approximately $45 million.
Its price also had followed the same bell-shaped trend before the jump on November 1 when its price went up from $0.06 to the peak of $0.11 on November 4. Now, on November 14, RING is traded for $0.08.
Well, it depends on if they compare their Return On Investment (ROI) with the other cryptocurrency projects or not. If not, they could be happy with 129% ROI. However, if the investors compare RING's ROI to its similar projects' average ROI, which is 2,704%, they would be disappointed. Also, RING underperformed compared to the market's top 1500 projects' average ROI, the mind-blowing 33,205%!
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