Entangle: cross-chain messaging, data feeds and liquid vaults, NGL valuation
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Breaks down Entangle's stack: Photon Messaging, Universal Data Feeds, Liquid Vaults and an Ethermint-based chain. Argues NGL looks undervalued versus interoperability peers Wormhole, Axelar and LayerZero.
Key claims
NGL max supply 1B with initial circulation of 18.55M tokens
Supports over 15 blockchains
Peers carry significantly higher FDVs
✨ The Unification of Cross-Chain Liquidity & Data ✨
As liquidity and users are increasingly fragmented across a growing number of L1 and L2 execution layers, @Entanglefi is emerging as a key infra player that is set to unify liquidity across various chains.
💎 What Makes Entangle Unique?
@EntangleFi provides a comprehensive suite of customizable data & interoperability solutions to enable cross-chain liquidity, generic message passing and both on- and off-chain data feeds. It's narrative-agnostic and can serve virtually any use case.
It equips developers with essential tools and primitives for seamless connectivity across blockchains and integrates DeFi-centric USPs into the framework that distinguish it from other interop or oracle solutions.
Backed by industry-leading strategic partners such as @Arbitrum, @0xMantle, @LineaBuild, @aave, @0xPolygon, @StargateFinance, @VelodromeFi, @SushiSwap, @Consensys and others, Entangle is uniquely positioned to enter this highly competitive market.
🌐 Core Products Driving Entangle’s Vision
✦ Photon Messaging:
Delivers high-speed, cost-efficient omni-chain messaging solutions for both EVM and non-EVM networks.
Photon Messaging acts as the cornerstone of Entangle's infrastructure, powering key products such as the $NGL token bridge, Universal Data Feeds, and the forthcoming Lazy Messaging.
✦ Universal Data Feeds (UDF):
Offer low-latency, cost-effective data infrastructure compatible with any Web2 or Web3 data source.
UDF enhances how developers, decentralized applications, and smart contracts interact with data by integrating within the Photon framework.
✦ Liquid Vaults:
A dApp that optimizes liquidity using yield-bearing assets via composable derivative tokens (CDTs).
These vaults allow LP to be staked while retaining liquidity and allowing the assets to be utilized across different protocols, such as serving as collateral in lending platforms or augmenting yields.
⛓ The Entangle Blockchain
Constructed on the Ethermint framework, the @EntangleFi Blockchain combines the interoperability and scalability of Cosmos with the solidity and familiarity of Ethereum.
This integration ensures full Ethereum compatibility and employs Tendermint Core's Proof-of-Stake consensus for fast finality.
The blockchain consists of three layers:
✦ Application Layer
✦ Modules Layer
✦ Tendermint Consensus Layer
🌟 The Role of NGL
Entangle’s native token, $NGL, is central to its ecosystem, ensuring secure and transparent data provision.
With support for over 15 blockchains (both EVM and non-EVM), $NGL facilitates the omnichain evolution by simplifying on-chain activities while enhancing liquidity and interoperability.
The main utilities of the $NGL token include:
✦ Gas fee payments within the Entangle blockchain.
✦ Staking as a Validator or Delegator.
✦ Staking for External Developers.
With a maximum supply capped at 1 billion tokens, the initial circulation excluding liquidity provisions is set at 18,550,000 tokens and $NGL exists as both a native token and an ERC20 token.
📊 Market Position and Valuation
Entanglefi’s peers in the market include @Wormhole, @axelarnetwork, and @LayerZero_Labs, all boasting significant fully diluted valuations (FDVs) and market caps.
Compared to these giants, $NGL appears undervalued, offering potential for substantial growth as Entangle continues to expand across chains.
🧠 Conclusion
In summary, @Entanglefi is more than just the average DeFi project.
It’s key cross-chain & data infrastructure that is set to unify liquidity across chains, streamline cross-chain communication, and enhance the overall efficiency and connectivity of the multichain future we're building.
Study @Entanglefi anon.
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