WHY AM I SO BULLISH ON FLUX PROTOCOL
One of the fastest growing projects
The best DeFi tools and applications are born every day in the Near ecosystem. Keeping up with the development of DeFi on Near is no easy task but this article will focus on the most worth-noting project that going to be launched soon. That is Flux Protocol, the first cross-chain oracle aggregator built on NEAR.
Flux Protocol is one of the hottest DeFi apps on Near currently. It is a decentralized, trustless oracle aggregator that allows users to decentralize their real-life data sources and oracles, thus eliminating the single oracle problem and adding a layer of trusted data.
On May 20th, Flux had a very successful seed round with an amazing amount of $10.3M. Among the investors are Coinbase Ventures, Distributed Global and Coinfund. Coinbase Ventures is also one of the main investors of NEAR Protocol as we are all known.
In July, Flux announced a Foreteller program which evert Flux's lovers can participate and contribute their efforts ranged from making content, meme, stickers to the growth of the project's community. At the meantime, the first Flux acquisition also took place. Pulse, a community-owned prediction market platform built on top of Flux, has acquired Stake.gg, an open source, permissionless and global prediction market platform for gamers. Through this acquisition, Stake.gg gained access to the Pulse ecosystem and the automatic resolution benefits of Flux Protocol and the censorship-resistant IPFS user interface, just to name a few. On September 15, Flux announced the upcoming launch on Solana one of the fastest growing blockchains in the crypto world. This integration unlocks a wide range of features and functions on Solana.
Flux Protocol is ready for mass adoption!
With the impressive development as said above, Flux Protocol is set to explode very soon. One of the reason for this is its friendly-user UX/UI. More clearly, it only takes 3 lines of code for developers to connect to Flux SDK. It will help developers saving a lot of time to test or develop verticals on Flux from sports betting to weather prediction market. In fact, there are a lot of dApps regarding stocks, memes, esports built thanks to Flux's advanced technology and its easy-to-use UX.
On the other hand, because Flux is built on NEAR, hence, developers can also take advantage of its modern infrastructure design such as higher performance blockchain, significantly lower gas fees of NEAR Protocol compared with building on Ethereum's oracles. Moreover, developers can also use NEAR's Rainbow Bridge in case they want to transfer their assets between these two blockchains and this process is very simple and easy to use as well.
In conclusion, great project with an interesting idea of development is what we can say about Flux Protocol. An extraordinary team with championship-level competitive programmers who know their job and are dedicated to develop the project. With this fast development, there will be no surprise that Flux Protocol project surely will be the top oracle project that serve the entire blockchain industry once it is going live!