But it’s also expanding and recently deployed its v3 on Polygon.įor Decentraland, the growing interest in metaverse will positively influence its token value. On its own, Uniswap has already established itself as a top dog in DeFi. This will only increase the value of LINK. These include its smart contract, decentralized finance, and its metaverse capabilities.Ĭhainlink is integral to Ethereum and is further expanding to other blockchains. This is why you Should pay Attention to These AssetsĪll these Cryptocurrencies reflect the best functionalities of Ethereum. Its market cap is currently around $12 billion. Although it is currently consolidating between $44 and $48, The crypto’s value has doubled from a year ago, hitting an A.T.H.
The more smart contracts are used, the higher the value of LINK. The use of smart contracts is one thing that drives up the value of LINK. Simply put, Chainlink is an Oracle data provider that uses LINK as its native currency. Like Uniswap and Kyber, Bancor does not use an order book, which means the user can trade without the need for a counterparty.īancor has a market cap of $109mln and is available on Binance, among others.įor more articles about cryptocurrency check out our Top 10 page and follow us on Twitter, Facebook or Instagram.Chainlink is an oracle network created by Sergey Nazarov in 2017 to improve Ethereum smart contracts by integrating real-world data into online systems. Bancor:īancor is a protocol on Ether for non-custodial token exchanges using pooled liquidity. Loopring has a market cap of $113mln and is available on Binance, among others. Loopring offers merchants, participants, and institutions a decentralized and automated trading execution system that intelligently implements their operations on world exchanges, protecting them from counterparty risk and reducing their trading costs. Ren has a market cap of $159mln and is available on Binance, among others. RenVM is their core product and is mainly focussed on bringing operability to decentralized finance. Ren is an open protocol meant to enable the permission less and private transfer of value between any blockchain. DAI comes to give a solution to be able to offer a true Crypto Dollar, that is, crypto that maintaining the value of a Dollar and shares the same properties as Bitcoin.ĭai has a market cap of $192mln and is available on Coinbase, among others. Dai:ĭai is a stablecoin which is launched by MakerDao. – mainly financial.Īugur has a market cap of $211mln and is available on Binance, among others. As its name suggests (Augur), the project revolves around a fundamental idea: predicting the future of X markets, events, companies, etc. Augur:Īugur is a decentralized and open-source platform, based on Ethereum blockchain technology. Synthetix Network Token has a market cap of $240mln and is available on Binance, among others. Each unit or we can say each Synth is an ERC 20 token that tracks the rate of an external asset. Synthetix Network Token is a derivatives liquidity protocol on Ethereum which enables the trading and issuance of synthetic assets. Kyber Network has a market cap of $294mln and is available on Binance, among others. Kyber Network allows liquidity providers to be integrated into its platform, as well as being a token aggregator and allowing merchants to exchange tokens to receive payments in cryptocurrencies. It presents other functionalities that make it very interesting within the ecosystem. Kyber is a protocol that although within the world of decentralized finance (DeFi), is classified as a decentralized Exchange (DEX) for the exchange of tokens. The 0x project, also known as the ZRX, is defined as an open-source protocol that allows decentralized changes to the ERC 20 tokens as part of the Ethereum blockchain.Ġx has a market cap of $303mln and is available on Binance, among others. Maker has a market cap of $463mln and is available on Kucoin, among others.
It is a decentralized governance project that is responsible for generating the stable Dai currency and the governance of this same cryptocurrency. MakerDAO providing the ideal bridge between the traditional CeFi system and DeFi. The Ethereum-based platform allows users to earn automatically adjusted interest or borrowed assets using cryptocurrency as collateral.Ĭompound has a market cap of $465mln and is available on Binance, among others. The compound is a stand-alone interest rate DeFi protocol that has been built so that developers can unlock a wide range of open financial applications. Here, we list the top 10 Ethereum-powered DeFi protocols.
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