Although the total USD value locked in DeFi is down, the total number of ETH locked in Ethereum-based DeFi projects is hovering around all-time highs with approximately 10.74 million ETH deposited. Since launching, finance.vote has quickly become one of the most exciting DeFi projects in the market. DEX Tracker – An easy to use scanner to keep track of all the DeFi activity any given Ethereum wallet has accumulated. Fortunately ETH is very easy to buy . Bringing DeFi on Parachains. Once Substrate EVM is formally launched, it will be easy for developers to migrate DeFi projects built on Solidity smart contracts from Ethereum to … ParaState’s SSVM pallet has built-in support for the EVM. Another automated trading facilitator of decentralized finance (DeFi) tokens, UniSwap (UNI), too hit an all-time high of $43.89 on Wednesday. Across the DeFi ecosystem, we’re also seeing a move towards decentralizing governance and decision-making. PancakeSwap is a Binance Smart Chain-powered DEX and AMM. Assets on Ethereum - ETH, tokens, DeFi, etc - introduce many novel accounting issues. Whether you choose to connect to DeFi ... and are familiar with using an Ethereum ... technology, and more, we have the freelancers you need to tackle your most important work and projects… Ethereum is still the “most actively developed blockchain protocol,” with 42,457 commits to its code from, on average, 220 monthly active core developers. This was done to allow for easy upgrades and provide an emergency shutoff valve in case of buggy code. Ethereum DeFi Report – Q1 2020: How the DeFi ecosystem is responding to COVID-19 and global market shocks, plus an outlook for the rest of 2020. Ethereum Layer 2 Projects List – Coin98 Analytics Polygon (MATIC) – $1.47B Marketcap. In this guide, we will list twelve leading Ethereum-powered DeFi protocols ranked by the dollar amount locked up in each platform’s smart contracts. The robust platform includes a … DeFi User Research Report: User habits, motivations, and pain points, and an analysis of how DeFi is mainstreaming blockchain for people across the world. Moonbeam is the easiest on-ramp to Polkadot, so it’s no surprise that a number of ecosystem projects have already started building on the platform DeFi Reddit – Includes an active stream of posts mainly centred around DeFi. Top 20 DeFi Crypto Projects: Uniswap (UNI): Uniswap is an open-source, decentralized crypto exchange running on the Ethereum blockchain, and it’s counted among the best DeFi projects. Binance Smart Chain’s compatibility with the Ethereum Virtual Machine (EVM) and its interoperability with ETH-native protocols have turned it into a popular destination for DeFi DApps. Many other projects offer different approaches to smart contract and DeFi technology that may compete with and complement the current paradigm that has so far been dominated by Ethereum… The platform commits to port these dApps to its Ewasm Virtual Machine. Maker. This growth has been fueled by a variety of new and exciting projects. You could start by checking out some projects that aim to help users of cryptocurrency solve their bookkeeping & accounting challenges, like VeriLedger or Rotki ... Obviously it primarily enables users to mint on Ethereum, but the NEAR blockchain has gone out of … BSC is now the fastest-growing Ethereum competitor in the DeFi and NFT markets. DeFi Pulse – A DeFi ranking platform that keeps track of which platforms have the most “locked value”, often signalling the most usage. UNI … Yield farming on Binance Smart Chain (BSC) has witnessed rapid growth and several protocols have been grateful participants with many more still on the line. Top DeFi Apps. Don't miss out! Polygon (formerly Matic) is a Layer 2 solution powering Ethereum scaling and infrastructure development. Fortmatic is used by a suite of notable projects including Airswap, Bancor, OpenSea, Radar Relay, Set Protocol, and Zerion – just to name a few. It means the platform will support DeFi applications built on top of Ethereum, including a decentralized exchange, lending protocols, stablecoin, and price oracles. The great thing about Polygon is that it’s already used by many projects like Sushiswap, Aavegotchi, Chain Games, Quickswap etc. 11 Projects Building a Strong Foundation Beneath the Marriage of DeFi and NFTs. The growth of DeFi is exhibited by the fact that the sector has been hitting new all-time highs in total locked value assets. DeFi Apps are decentralized in both the app’s governance and custody of data, which is a revolutionary concept for the traditional finance industry. As noted by Outlier, “all other protocols have less than a thousand releases.” DeFi development in full swing PancakeSwap. The vast majority of the DeFi ecosystem is found on the Ethereum blockchain, so a sizable amount of ETH tokens is helpful for paying gas fees. Though DeFi is revolutionary, the industry still faces several shortcomings. The Decentralized Finance sector is scaling new heights as new projects move to bridge the gap between traditional finance and cryptocurrencies. Despite the word “decentralized” in DeFi, many projects today have master keys for the developers to shut down or disable dapps. These features combined with a speculative boom of attention for DeFi tokens is a strong reason why many have formed a bullish case for the DeFi industry. Most of today’s DeFi projects run on blockchains like Ethereum, Binance Smart Chain (an Ethereum fork), Tron or others. And there have been 4,119 Ethereum releases today. Here are 6 interesting Binance Smart Chain (BSC) projects to watch in 2021. In its nascent stage, DeFi can be complex and risky with potential issues surrounding smart contract code errors, market volatility, and accessibility to diverse DeFi projects. We have referenced data from DeFi analytics provider DeFi Pulse to come up with our list of top DeFi applications. The platform uses a trading model known as an automated liquidity protocol. With many further integrations on the horizon, it appears that Formatic will continue to grow as a widely-accepted tool for interacting with popular DeFi applications.