Uniswap is currently the second-largest DeFi coin exchange based on market share and has quickly emerged as a foundational DeFi infrastructure. The Uniswap protocol empowers developers, liquidity providers and traders to participate in a financial marketplace that is open and accessible to all. What sets Uniswap apart from other centralized crypto exchanges (CeFi) is that it exists in the DeFi environment where trades are facilitated by automated market maker protocols rather than a centralized book, removing any middleman requirements and identity verification. Uniswap is a hugely popular decentralized exchange (DEX) used for trading any Ethereum-based tokens. While LINK has since come down from Monday’s high, investors remain bullish on the long-term potential for Chainlink. Last week saw Chainlink surge to a new all-time high, hitting $52.88. In terms of market cap, Chainlink currently holds the position as the largest DeFi coin. The possibilities for Chainlink are limitless as blockchain technology becomes increasingly popular outside the cryptocurrency market. LINK tokens are Ethereum built digital asset tokens used to pay for services on the Chainlink network and can be bought and sold for fiat or other digital currencies. Chainlink oracles act as a bridge between blockchain smart contacts and outside data sources, APIs, and payment systems. Smart contacts are safe, secure, immutable, and verifiable however, in their current state they are limited to IF/THEN operations. Chainlink (LINK)Ĭhainlink is a decentralized oracle network designed to address a fundamental data exchange flaw that currently exists within blockchain smart contracts. This article explains the top 5 largest DeFi coins on the market today, giving investors a better view of what DEFI Technologies is doing. While most of the capital markets are now beginning to dip their toes into the crypto markets and decentralized finance, everyday investors may not fully understand what DEFI coins or tokens DEFI Technology is trading and investing in, let alone what function these assets serve. The company’s mission, according to their website, is to “drive investments into decentralized finance and incubate new projects to further develop ground-breaking protocols that will continue to fundamentally reshape the global financial system.” (NEO: DEFI) was listed in Canada with the promise of providing institutional and retail investors with exposure to the growing DEFI cryptocurrency market.
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