In the 30-day market rally injection, giving and Borrow financing increase

Artificial Intelligence (AI) is here to stay. Businesses that are ready to ride on the wings of technology stand to reap huge profits.

The technology has proven to be one of the most transformative of the 21st century and its impact is being felt across major industries, including the multi-trillion dollar financial industry.

Based on Grand View Research estimates, the global AI industry will be a $1.81 trillion behemoth by 2030, growing at a 37% compound annual growth rate (CAGR) over the next seven years. In the year By 2032, the same industry will command a value of $2.5 trillion, according to Presence Research.

If this leads, it's no wonder that top crypto projects that integrate AI in one way or another are already growing at a rapid pace. In October 2023, Boro Finance ( ROE ), Injector Protocol ( INJ ) and Render ( RNDR ) were the top performing assets, posting double-digit growth and matching the broader markets. Their performance, at the start of what many analysts call the start of a bull run, suggests growing demand for AI-based financial solutions with projects like BorroeFinance to fill the gap.

This article digs deeper into:

Boro Finance (ROE)

The following content does not constitute the opinion of BeInCrypto and should not be considered as financial advice

BorroeFinance operates an AI-powered funding marketplace on Polygon, the flagship token of the Ethereum blockchain, MATIC, one of the crypto coins for startups.

With this setup, it becomes easy for creators, artists and other Web3 businesses to generate quick cash flow by selling their future income from multiple sources such as royalties, invoices and subscriptions.

Web3 businesses can convert these revenue streams into non-fungible tokens (NFTs) and sell them to the fan community at a discount. NFT holders can also trade them on the secondary market for profit.

To stay on the safe side against fraudsters, the protocol relies on AI to assess risk. At the same time, Polygon, the decision to start on the blockchain platform, means that all operations will be done transparently.

In the presale, Boro Finance raised more than $1.45 million.

Injectable Protocol (INJ)

The Injective Protocol is a decentralized exchange built on the Injective Chain with a Layer 2 solution based on Cosmos. Specifically, the exchange integrates AI into its operations to facilitate trading.

Thanks to sophisticated algorithms, the platform offers traders the best possible prices, which are scalable in a highly liquid environment and allow them to place positions at low transaction fees.

Of note, the protocol's “plug-and-play” financial model makes it easy to integrate smart, AI-dependent systems, enabling trading across multiple marketplaces.

As the crypto market cools from 2022 and recovers for the better part of 2023, injective transaction volumes are increasing in sync, driving up INJ prices.

At spot rates, INJ is up 160% from June 2023 lows, easing past July 2023 resistance levels and posting new 2023 highs.

Provider (RNDR)

The Render Network is a decentralized distribution network that combines AI to accelerate how graphic designers render their files, including videos.

The community promotes the platform as it operates on a peer-to-peer (P2P) model similar to Bitcoin. The center of this ecosystem is RNDR, its original token, which is used for payment.

In the Render setup, users can lease their free computing (GPU) power to RNDR. To simplify operations, Render uses AI to schedule rendering tasks, detect errors, optimize performance, and ensure quality is maintained.

Render's development team is using AI to build a modern rendering engine that performs better than traditional alternatives.

In October, RNDR extended gains, rising more than 50%.

Conclusion

Increasing values ​​of ROE, RNDR and INJ indicate the need for AI-based solutions. This also shows that finance is not immune to AI and businesses that pave the way will rise with the tide and stand to benefit. Of note, BorroeFinance is attracting attention in the ongoing pre-sale due to its unique approach to increasing the liquidity of Web3 businesses. Still, it remains to be seen whether ROE will rally to become one of the major AIA projects in the coming months.