Hello to my friends who love life and always keep smiling despite all kinds of negativity. In this article, I will tell you about the changes in the defense markets. Within a year, there were big changes in market value and ranking. Want to see the exciting picture… ?
Let's start …
Cryptocurrency markets have grown like never before and will continue to grow. Defi, which is the financial system of cryptocurrency markets, plays a key role. Investors who buy cryptocurrencies and want to keep them long term; wants to generate passive income with these investments.
Address is DEFI projects. Investors earn by staking and lending.
Exactly one year ago (4 June 2020) liquidity value and top 5 defi projects in DEFI markets
Source by Defipulse
Source by Defipulse
About $1 billion and 54% of the market belonged to MAKER, which had sole project dominance.
Let's come to this day (03 June 2021)
Source by Defipulse
Source by Defipulse
Within a year, MAKER's dominance came to an end. The new king is AAVE. As seen in the graphics, 2 new players were included in the top 5. The race to the top of DEFI is very exciting. The development of cryptocurrency markets will increase this competition. Let's examine these 5 projects…
King AAVE
Aave has an open source infrastructure based on ERC-20 on the Ethereum blockchain. It works without the need for an intermediary, supported by smart contracts and protocols. They are currently preparing infrastructure for institutional firms to invest in cryptocurrency markets.
After the last drop in Bitcoin, it fell to $ 209. At the time of writing the article is trading at $400. If there is no trend drop in Bitcoin, I think it will make new ATH. ATH is $668.
MAKER
DAO (Decentralized Autonomous Organization) offers a solution that implements autonomous management processes in the MakerDAO finance field running on the Ethereum blockchain. The platform has a stable cryptocurrency called DAI. Highlights of the MakerDAO ecosystem are that users can generate DAI themselves with the ERC20 tokens they deposit; The ability to lend crypto money in their hands is to borrow from the system in return for a certain collateral.
After the last drop in Bitcoin, it fell to $ 1829. At the time of writing the article is trading at $3633. If there is no trend drop in Bitcoin, I think it will make new ATH. ATH is $6349.
COMPOUND
It is a Decentralized Finance (DeFi) protocol that enables cryptocurrency lending. You deposit different cryptocurrencies and earn interest on a regular basis. But you give your cryptocurrencies through Compound smart contracts. In this way, no one but you can control your cryptocurrencies in your hands.
After the last drop in Bitcoin, it fell to $ 267. At the time of writing the article is trading at $433. If there is no trend drop in Bitcoin, I think it will make new ATH. ATH is $911.
POLYGON
Formerly called Matic Network (MATIC), instead of updating the core blockchain network layer, a second layer aims to scale up. One of the main goals of Matic Network is to reduce the complexity between interacting transactions on the network.
Although decentralized implementations have made great progress, the currently used blockchain systems are not amenable to scaling adequately to the demands of existing users. At this point, Matic Network (MATIC) aims to avoid slow confirmation transactions and high transaction fees.
After the last drop in Bitcoin, it fell to $ 0.75. At the time of writing the article is trading at $1.8. If there is no trend drop in Bitcoin, I think it will make new ATH. ATH is $2.7. He became the star of the bull run. It became an alternative to the high transaction fees on the Ethereum network. I think it is a project at the beginning of the road. A very good team, making continuous improvements. It is a long-term investment project.
CURVE FINANCE
Curve Finance, a kind of liquidity aggregator, is referred to as a decentralized exchange. It is a protocol that supports the creation of liquidity to the markets and offers its user the ability to comfortably trade Ethereum-based assets.
The liquidity, which is divided into seven curve pools, is constantly monitored. It is possible to exchange different assets within each pool and gives special ERC-20 tokens to liquidity providers. This situation offers liquidity providers an opportunity for long-term earnings.
After the last drop in Bitcoin, it fell to $ 1. At the time of writing the article is trading at $2.46. If there is no trend drop in Bitcoin, I think it will make new ATH. ATH is $4.65.
My last words at the end of my article, I told you about the projects running on the Ethereum network. I will review DEFI projects running on other blockchains in the coming days. With the development of cryptocurrency markets, the DEFI sector is growing. If you want to buy cryptocurrencies for long-term investment and make passive income from these cryptocurrencies, it is useful to take a look at the above projects.
As I always say, listen to everyone, decide for yourself...
Buy when everyone is selling, sell when everyone is buying...
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