As 2022 ends, the crypto market is still grappling with the meltdown from LUNA and FTX crashes. These two projects worsened the already bearish markets and caused other DeFi projects to dip significantly. To illustrate, the total value locked (TVL) in DeFi projects has plunged from $200 billion to $40 billion in the past year alone.

Despite the harsh market conditions, one DeFi project is taking the industry by storm after a stellar performance in its ICO. Launched barely two months ago, Oryen Network is now 250% up and surging steadily. The platform's native token, $ORY, is among the best-performing altcoins this year and arguably the best in Q4 of 2022.

Understanding Oryen Network

As a DeFi project, Oryen is a permissionless financial service platform that allows users to access, manage and grow their assets without an intermediary. Oryen Network features multiple DeFi applications, including a staking dApp and decentralized exchange (DEX). The Oryen staking dApp is a traders' favorite for its high yield. Investors holding $ORY are eligible for 90% APY with guaranteed payouts every hour.

Oryen leverages its unique Autostaking Technic (OAT) to sustain high yields. OAT is built on a high-performance framework that makes staking simple. Users do not require expert skills to earn passive income. Instead, they can receive the rewards in just three steps: buy, hold, and earn $ORY. Oryen's staking strategy is built for the masses, and already, the platform has recorded a spike in community members.

Additionally, Oryen Network deploys the Risk-Free Value (RFV) staking technology to keep $ORY's value stable amid sharp fluctuations in the crypto market. RFV wallets hold reserves in stablecoins and other digital assets used to price the token in extreme volatility. The Oryen Treasury also performs a similar function.

The newest feature yet on Oryen is its DEX. The platform has added P2P token swap support to enable users to easily swap $ORY with other assets, like $BNB and $BUSD. Also, the Oryen dApp allows users to supply liquidity to $ORY markets and earn $BUSD. Essentially, Oryen is adding utility for $ORY to keep the token's value gradually rising. So far, $ORY is up 3.5X since its presale launched two months ago.

What is Shiba Inu?

Shiba Inu is a community ecosystem inspired by the Shiba Inu dog breed. The platform's $SHIB token is the most popular meme coin, second only to $DOGE. Shiba Inu launched amid the meme coin craze in 2020 and gained popularity fast. As a meme coin, $SHIB's value is driven mainly by the hype around the project.

The project's developers are adding utility for $SHIB by introducing features that will drive the tokens' adoption. Some projects include a designated DEX and NFT ecosystem. Over the past month, $SHIB has dipped 30%.

What is Solana?

Solana is a high-performance layer-1 blockchain built purposely to enhance the scalability of dApps. The blockchain integrates the Proof-of-Stake (PoS) consensus mechanism with the unique Proof-of-History (PoH) to speed up transactions while keeping fees low. Solana has become popular among traders for its near-instant processing speeds.

Solana's native token, $SOL, fuels the ecosystem for key tasks like paying network fees and rewarding network participants. The crypto has plunged 60% due to its exposure to FTX's trading wing, Alameda Research, which collapsed in early November.

Final Takeaway

Oryen Network is putting up the best numbers of any DeFi project in Q4. The platform has created a buzz among crypto traders, calling it the next crypto gem and breakout token for 2023. Further, the token's performance trends are on course to match $SHIB and $SOL in their earlier years. Given the current market conditions, the project could rise to the top ranks and outpace $SOL and $SHIB.

Learn More Here

Join Presale: https://presale.oryennetwork.io/register

Website: https://oryennetwork.io/