Today I am going to share with you my TOP 3 DeFi players in the Polkadot ecosystem. I believe that these three Polkadot projects are primed for massive gains in the upcoming months. I guess you noticed the rise of Polkadot and all the hype connected with it. You haven`t noticed? Well, then you are probably living under a rock in Bikini Bottom together with Spongebob.
The Polkadot Ecosystem
Let`s face it, Decentralization is not only happening on the Ethereum blockchain. A huge part of decentralization is taking place outside the Ethereum blockchain, for example in the still quite young Polkadot ecosystem.
Polkadot is actually one of the hottest things happening in the crypto market right now. Some even say that it is the most important cryptocurrency since Ethereum.
Polkadot was designed to resolve the scalability and interoperability issue that can be observed on the Ethereum blockchain right now. The interoperability with other blockchains is the main focus of Polkadot.
So finally, here they are, my TOP 3 projects in the Polkadot ecosystem and why I believe that they are a part of Decentralized Finance.
N0. 3 Ocean Protocol
The first really cool project is the Ocean Protocol. Ocean Protocol is all about data. So if you are a fan of oracles like Chainlink, Tellor, or Band, then you will love Ocean Protocol.
Oracles like Ocean Protocol are critical to the success of all DeFi applications because all Decentralized Finance applications need price feeds on token swap and loan collateralization process. This urgent need in DeFi is exactly what makes oracles so precious. DeFi projects technically could also make their own oracles but it requires time and resources to develop them.
At the moment, Ocean Protocol is launching a data marketplace in collaboration with the Balancer Pool, one of the hottest shit in Defi.
Actually, Ocean Protocol already has some impressive collaborations. Besides balancer, ocean Protocol is collaborating with Daimler Benz, the German automobile brand.
Ocean Protocol`s price today is $0.36. Ocean has a circulating supply of 350 Million coins and a max supply of 613 Million coins. Binance is the current most active market trading Ocean. You can also trade it on Uniswap, HotBit, and KuCoin.
No. 2 Mantra DAO
The next Polkadot project is Mantra DAO. This Decentralized Autonomous Organization has some pretty cool core features to offer for DeFi lovers like you and me.
Mantra DAO is working on building cross-chain bridges, staking services, lending assets, borrowing assets, and their own stable coin.
The recent partnerships of Mantra DAO include a host of players from the cosmos ecosystem, including Band Protocol and Kava.
MANTRA DAO`s price today is $0.156. It has a circulating supply of 110 Million coins and a max supply of 154 Million coins. BitMax is the current most active market trading it. You can also trade $OM on Okex and Uniswap (v2).
No. 1 Polkastarter
Finally, there is also Polkastarter. This is a decentralized exchange for cross-chain token pools.
Decentralized exchanges on Ethereum like Uniswap or Loopring have performed really well but there is more than just Ethereum. Polkastarter is going to establish a multi-chain, interoperable, decentralized exchange. This is going to be massive for the whole Polkadot ecosystem.
Polkastarter is going to be more than just token swaps. There will also be some other cool stuff like fundraising, auctions and staking rewards.
Cheap transactions, secure ultra-fast swaps, user-friendly design, and the possibility to buy and move assets between blockchains.
Polkastarter`s price today is $0.63. $POLS has a circulating supply of 16 Million coins and a max supply of 100 Million coins. Uniswap (v2) is the current most active market trading $POLS.
So, these are my TOP 3 altcoins running on the Polkadot blockchain. What is your favorite player in the Polkadot Ecosystem?
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