Cryptocurrency investments are gaining momentum, with new coins and tokens being launched almost monthly. With changing, market trends comes the crucial need for something new and powerful. The onset of decentralised finance (DeFi) has undoubtedly greatly impacted the market.
DeFi projects like Big Eyes Coin, MarkerDAO, and Frax Share are already causing waves. Let’s look at how the DeFi system works and which cryptocurrencies are ready for a promising future by leveraging the concept of decetralised finance.
Understanding Decentralised Finance and its Benefits
In simple terms, decentralised finance aims to eliminate intermediaries, such as brokers and banks or any other financial institutions. It uses smart contract technology on blockchain networks to help carry out financial transactions like lending and borrowing.
As the whole process involves no human interactions, the chances for errors are eliminated, making it a more efficient method to carry out financial dealings. Moreover, the lack of intermediaries means more transparency, as anyone with access to the internet and basic knowledge about the technology can review and audit most of the DeFi projects. Additionally, as DeFi is permissionless and transparent, users enjoy more control over their investment activities when compared with traditional models.
The Top DeFi Tokens to Follow in 2023
They are known as the first-ever decentralized autonomous organization, MakerDAO (DAI) has two cryptocurrency tokens – Maker (MKR) and DAI. As of 23 February 2023, it has a market capitalisation of USD198m and a circulating supply of 143,942,531. Meanwhile, Frax Share (FRAX) ranks 65 on CoinMarketCap and has a circulating supply of 74,036,960. Its market capitalization is valued at USD796m as of 23 February 2023.
Centered around a large community of cryptocurrency traders with an element of fun, Big Eyes Coin (BIG) has made a strong impression even before becoming live in the market. It has already demonstrated that Big Eyes Coin will dominate the market once it launches on UniSwap soon, as it has already recorded a whooping presale of USD30m. The community-based DeFi cryptocurrency boasts of several other benefits, including the absence of transaction fees and taxes. Moreover, 90% of its supply is available at launch, and 5% of its tokens will be visibly held for charity.
MakerDAO (DAI) and Frax Share are currently on top of the game. But with Big Eyes Coin’s huge presale, there is no doubt that the coin has a bright future.
Presale: https://buy.bigeyes.space/
Website: https://bigeyes.space/
Telegram: https://t.me/BIGEYESOFFICIAL