/biz/ - Business & Finance

I've been doing some digging looking for the next moonshot and I think I've found it.

Fusion | $FSN

My reasoning:

- $51m market cap, seriously undervalued.

- Was recently mentioned in a European Central Bank report as interoperability solution. (https://btcmanager.com/fusion-fsn-report-european-central-bank/amp/))

- Andre Cronje is actually on the team (not as a meme advisor) and is actively developing. (Has been stealth tweeting about it for a while now)

So the coin is Fusion protocol.

Fusion protocol is a blockchain. it's not an ERC so not tradable on uniswap, and not available on most western exchanges - the best spot to buy it is Huobi.

I have a few reasons for being very bullish on this.

Firstly, Fusion is an EVM compatible blockchain, which means it's very easy to port apps from Ethereum to Fusion. Other EVM compatible blockchains have been doing extremely well lately - see Avalanche, Fantom, BNB, and on the L2 side, Matic. Note Avalanche, Fantom and BNB have market caps of $2b, $1.5b and $40b (approx) respectively. Fusion has a market cap of $45m

Ok, but just being an EVM compatible blockchain isn't enough. What else does it have going for it? In short, DCRM. This is their unique cross chain technology which allows seamless swapping between different blockchains, all using Fusion's blockchain. The main example right now is Anyswap, Fusion's main dex. This allows swapping of assets, uniswap style, on Fusion. But it also allows swapping between different chains.

This is where things get good: Andre Cronje has spent a lot of the last few weeks tweeting about Multichain.xyz. It's basically a cross chain dex that Andre/Yearn are building. Details are scarce on how it works and he hasn't posted a huge amount on that. However we can find some breadcrumbs. Go to multichain.xyz. At the bottom left you'll notice a security audit. Click on it. It re-directs to here:

https://github.com/anyswap/Anyswap-Audit/blob/master/SlowMist/AnySwap%20CrossChain-Bridge%20Security%20Audit%20Report.pdf

This is Andre's only mention of Fusion explicitly. A footnote to a tweet. Yet he repeatedly mentions multichchain.xyz, which as shown is based on Fusion.

So I've been looking a reasonable bit into L1s and L2s lately, and they've all been mooning. Essentially you're looking for EVM compatible (very important) chains that can either act as an L2 on top of ethereum, or a L1. EVM is vital because if you can't easily port to this blockchain nobody will use it.

So most are familiar with most of these chains. On the L1 side you've got

Avalanche (super decentralized, fast, strong team, new consensus mechanism)
Fantom (fast, andre is building on it, SBF and blocktower are involved as of recently, however it's somewhat centralized)
Binance Smart Chain (fast, binance backing, but its very centralized)

On the L2 side you've got lots of stuff such as Matic/Polygon, xDai, and soon Arbitrum and Optimism.

I feel like one that has been overlooked is Fusion. See pic related. It's one of the EVM chains that Andre Cronje is building on.