As web3 becomes a reality, the growth of decentralized networks, which began slowly after the Defi summer of 2020, has reached exponential levels. Best 7 Web 3.0 Cryptos of India in 2023. Prices and market capitalization for Defi-based protocols and those supporting web3 applications are skyrocketing, and there is no better time to start betting on these Cryptos than in 2023. Here is a list of the best 7 Web3.0 Cryptos of India in 2023 that may explode or see exponential gains in 2023:
With the most web3-based platforms, NFTs, and dApps hosted on its network, Ethereum remains at the top of the Defi game. Furthermore, it has the more smart contracts ever created on any decentralized network and thus ranks first on a list of the best 7 Web3.0 Cryptos of India in 2023. Ethereum is the largest altcoin and the second most valuable cryptocurrency, with a good market capitalization of $190.43 billion as of January 25, 2023.
In 2019, the decentralized network was launched as a blockchain for IoT devices. Helium network nodes are hotspots that incorporate a wireless gateway and a blockchain mining device. Users who contribute to the network by establishing hotspots are rewarded with the HNT token. The hotspots are 200 times more efficient than standard wifi.
Polkadot, the 11th coin on the top Crypto list, was established in 2016 as an open-source sharded multi-chain network that allows for the cross-blockchain transfer of any data or asset. Polkadot is essential to the web3 internet and was created specifically to add interoperability to the multi-chain world of web3. It’s a layer-0 metaprotocol that runs on top of a network of layer-1 blockchains known as parachains. It is also one of the best 7 Web3.0 Cryptos of India in 2023
BitTorrent, as a peer-to-peer file-sharing platform, is significant in the upcoming decentralized era of web3, mainly because it seeks to undermine traditional centralized file storage systems, which are expensive and frequently subject to censorship. Best 7 Web 3.0 Cryptos of India in 2023. BitTorrent is one of the top web3 Cryptos in India, with a network of 170 million monthly users.
The Graph (GRT)
Like the web3 internet grows in popularity, The Graph will become a more critical component of the web3 protocol stack. The Graph is a data indexing protocol for Ethereum, IPFS, POA, and other decentralized networks that host Defi and web3-based applications. In terms of the 2020 Defi summer, The Graph has seen tremendous growth of over 50% MoM and is an excellent option for top web3 Cryptos in India in 2023.
ChainLink started in 2017, has seen significant growth as a decentralized network that allows the integration of off-chain data into smart contracts. Chainlink enables blockchain to access real-world data via decentralized oracles. The network reveals applications in various industries, from insurance and securities to payments and supply chain management, especially where proof of events and data stamps are required.
Theta, another capable candidate for the web 3.0 Crypto list, is a decentralized network that allows for peer-to-peer bandwidth and computer power sharing. Theta, a decentralized video streaming platform, was established in 2017. It enables users to access and stream high-quality video over a global network of hundreds of computers.