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5 Best DeFi Tokens To Watch Out This Week

DeFi tokens give cryptocurrency users access to a variety of bank-like services such as loans, lending, and insurance.

Defi tokens are a group of cryptocurrencies, which are native cryptocurrencies using blockchain intelligent contract automation technology and blockchain technology service platform.Check and balance the Finance BureauThis technical term is used to describe the search for traditional financial services measures-such as loans, bank card accounts and asset swaps-without the support of intermediaries.

Here are the five best Defi tokens to pay special attention to this week

  1. Uniswap
  2. Chain connection
  3. Tessos
  4. avalanche
  5. Graph knife token

1.Uniswap

One of the most widely used blockchain technology trading agreementsUniswap (Uni)Is the market leader in this field, which should benefit from its TVL. It has won great influence inEncrypted currencyDevelop and design fully automatic market making (AMM) system software, and achieve automatic trading of Defi tokens without any intermediary retailers. The Uniswap ecosystem was built to maintain a fully automated technology for token trading that anyone with tokens can browse.

At the time of writing, Uniswap's share price was $6.56, with a total market capitalization of $4.9 billion, with 24-hour trading volume down 11%. It's currently 107.9 million dollars. In addition, according to the login password sales market tracking organization CoinMarketCap, the supply of goods in circulation is about 762209327 UNI.

two。 Connect

Chain connectionThis is also the blockchain ecosystem software created in 2017 as an abstraction layer to complete the intelligent contract for global interconnection. It's like a decentralized Oracle Internet that gives smart contracts to run on a variety of different software.Block chain technologyPlatform and intelligence contracts give them the data flow analysis they need to operate.

At the time of writing, Chainlink's share price was $6.73, with a total market capitalization of $3.4 billion, and 24-hour trading volume fell 12.83%. Today, the figure is $358 million. In addition, according to login password sales market tracking organization CoinMarketCap information, the supply of goods in circulation is about 507999970 chains.

3. Tessos

Tezos is a distributed ledger system software, the purpose of which is to apply the regulation entity model on the application chain to the implementation of intelligent contracts. Thanks to this type of chain governance mechanism that allows block chain technology to improve, hard forks are unnecessary. As a result, it also describes itself as a fragmented, self-altering channel for establishing and executing intelligent contracts.

The price of TessosIn the article, it was US $1.03, with a total market capitalization of US $948 million, and 24-hour trading volume decreased by 49.63%. Today, the figure is 24 million. In addition, according to the login password sales market tracking organization CoinMarketCap, the supply of goods in circulation is about 923609606 XTZ.

4. avalanche

Avalanche (Avax)It is to compete with ethernet market for cryptocurrency and blockchain platform. The avalanche block chain achieves near real-time trading success. Avax is used to purchase transaction fees and to ensure the security of the avalanche Internet.

At the time of writing, Avalanche's share price was $16.80, with a total market capitalization of $5.2 billion, and 24-hour trading volume fell 8.71%. Today, the figure is $450 million. In addition, according to the login password sales market tracking organization CoinMarketCap, the supply in the circulation of goods is about 311582143 Avax.

5. Graph token

One of the most popular Defi (decentralized Finance) platforms, The Curve, applies automatic market-making (AMM) management methods for liquidity. AMM is an agreement that uses a pool of working capital. However, it enables the automatic trading of digital currencies. One of the core technologies in the Defi ecosystem is the working capital pool. What makes CRV unique is that it is an ERC-20 handy token that can be exchanged for smooth tokens and other ERC-20 tokens through Curve.fi protocols.

At the time of writing, the price of Curve Dao Token was $0.9135, with a total market capitalization of $485 million, and 24-hour trading volume increased by 7.38%. Today, the figure is $151 million. In addition, according to the login password sales market tracking organization CoinMarketCap, the supply of goods in circulation is about 531583334 CRV.

Exemption agreement:This is not an investment value analysis. Please do a good job of financial due diligence before investing all the property in the project.

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by wjb news
© 2023 WJB All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

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