Coinweb

$CWEB

What’s Happening with Coinweb: A Sleeper No More

TL;DR

L2 protocols like Arbitrum, Base, and Polygon are booming, but asset movement requires message-passing systems like Axelar, Wormhole.
Coinweb combines L2 + message-passing, offering cross-chain functions with L1-level security.
40+ dApps in development; 52 projects submitted for hackathon.
Coinweb’s cross-chain DEX will rival THORSwap with 90% cheaper Bitcoin swaps.
Cross-chain trades require 200% CWEB token backing, boosting demand.
Potential 75x price increase, positioning Coinweb as a key player in cross-chain and L2 space.

Right now, there’s a lot of buzz around L2 protocols like Arbitrum, Base, and Polygon. These are where the action is—cheap fees, dApps being built left and right, and token prices surging as more and more value gets locked into these networks. But to use them effectively, you need to get in and out, and for that, you need message-passing protocols—systems that move your assets between chains, allowing you to bridge between L1 and L2.

This is where protocols like Axelar, Wormhole, Chainlink, and LayerZero come in. They facilitate moving assets, but they aren’t where dApps live. They don’t really host projects or drive their own usage. As a result, their tokens don’t always see the kind of activity or price action you might expect from networks seeing such huge growth. Sure, they’re essential, but they’re not the place where all the excitement is happening.

Enter Coinweb: The Best of Both Worlds

Now here’s where things get really interesting. Coinweb isn’t just another L2 protocol or message-passing system. It’s both. Imagine building a dApp that not only benefits from the cost savings of a L2 solution but can also seamlessly execute cross-chain functions. That’s what Coinweb offers, and it’s an innovation that’s flown a little under the radar.

What makes Coinweb unique is how it handles consensus. Unlike most L2s, where a lot of the validation happens on the protocol itself, Coinweb’s consensus occurs at the L1 level. That means the costs stay low, and the security is off the charts. For someone to successfully hack Coinweb, they would have to hack the blockchains that Coinweb is connected to. Think about that—this isn’t just a network that relies on its own security, but on the collective strength of every blockchain it touches.

The Dev Surge: 40 dApps and Counting

In a recent AMA, Coinweb’s team dropped some major news. They’ve got 40 dApps in the works, and 52 projects have submitted to their hackathon with GDA Capital. That’s a lot of development for a protocol that’s still relatively under the radar. And these aren’t just projects using Coinweb as an L2—they’re tapping into its message-passing capabilities, or in some cases, doing both at once.

Yes, Coinweb has had its share of delays—development always takes longer than expected, especially when you're building something new. But when you look at what's about to launch, it starts to make sense. These dApps coming online could have a massive impact on the price of CWEB.

What’s Coming First: A Cross-Chain DEX to Rival THORSwap

Coinweb’s first major dApp? A cross-chain DEX that’s going head-to-head with THORSwap—one of the biggest players in the cross-chain market. And get this, it’s going to support Bitcoin swaps and will be up to 90% cheaper than the competition. That’s a huge deal.

Now, you might remember earlier I mentioned how interoperability tokens (like those from Axelar or Wormhole) don’t always see much use. But here’s the twist with Coinweb—each cross-chain trade is backed 200% with CWEB tokens. If CWAP, Coinweb’s cross-chain DEX, does $20 million in trading volume, $40 million worth of CWEB needs to be locked up. That’s serious demand for a token that, until now, hasn’t been used for much of anything.

Eyeing a 75x Upside?

Let’s put that into perspective. One of Coinweb’s biggest competitors is THORChain. For Coinweb to reach the same market cap, we’re talking about a potential 75x price increase. And that’s just from one use case—cross-chain DEX. Coinweb is positioning itself to take market share not just from THORChain, but from anyone working in the cross-chain or L2 space.

In short, Coinweb’s been quietly building something big. It’s a bold move to combine both L2 and message-passing into one protocol, but if they can pull it off—and it looks like they’re about to—this could be one of the most exciting projects to watch in the coming months. Keep your eyes on it. Show Less