Comparison and Review: Rocket Pool vs MultiversX
Rocket Pool (RPL)
- Symbol: RPL
- Name: Rocket Pool
- Asset Platform: Ethereum
- Categories: Business Services, Infrastructure, Decentralized Finance (DeFi), Polygon Ecosystem, Arbitrum Ecosystem, Liquid Staking Governance Tokens, Ethereum Ecosystem
- Market Cap Rank: 77
- Price Change Percentage in the Last 30 Days: 77%
Rocket Pool is Ethereum's most decentralized liquid staking protocol. It allows liquid stakers to participate by depositing as little as 0.01 ETH and receiving the rETH liquid staking token. What sets Rocket Pool apart is its fully non-custodial solution and economically-aligned node operators. Joining as a node operator is permissionless and requires only 16 ETH instead of the usual 32. The Rocket Pool team has a distinguished pedigree and track record in the staking space since 2016. This protocol offers boosted ROI from both operator commission and RPL rewards.
- Symbol: EGLD
- Name: MultiversX
- Asset Platform: N/A
- Categories: Binance Launchpad, Protocol, Smart Contract Platform, Layer 1 (L1), MultiversX Ecosystem
- Market Cap Rank: 53
- Price Change Percentage in the Last 30 Days: -23.84937%
MultiversX, formerly known as Elrond, is a technology ecosystem for the new internet. With impressive performance metrics such as 15,000 TPS, 5s latency, and $0.001 transaction cost, it focuses on fintech, DeFi, and IoT applications. The MultiversX ecosystem includes the money and DeFi app called Maiar, which offers a user-friendly interface and progressive security features. The project's Proof of Stake economic model features a limited supply token named eGold, aiming to serve as a digital store of value for the next billion users.
Both Rocket Pool and MultiversX bring unique features and value propositions to the blockchain space. Rocket Pool excels in providing a decentralized liquid staking protocol on the Ethereum network, with economically-aligned node operators and a long-standing presence in the staking industry. On the other hand, MultiversX offers an advanced technology ecosystem with high transaction capacity and a user-friendly money and DeFi app. It aims to serve as a platform for fintech, DeFi, and IoT applications. Potential investors and users should thoroughly research and consider the features and applications of both projects to make informed decisions.