- Though the total market cap is back to US$1.3 trillion level, there is no certainty about future
- Bityuan talks about parachain development services, with multiple nodes backing the mainnet
- BTY token of Bityuan has yet to list for trading on major exchanges like Coinbase
Cryptos seem to have staged a limited comeback after a steep fall in total market cap in the wake of the fall on Terra ecosystem. As of writing, the market cap was over US$1.3 trillion, having recovered from nearly US$1.1 trillion level. Terra’s LUNA crypto, which has links with stablecoin UST, continues to trade in red.
The focus might now be on the real utility of blockchain projects and their linked tokens. In this light, let’s look at the project, BitYuan, which claims to provide multi-chain services for smart contracts and related works.