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Solana, an open source project started in 2017, is a new, high-performance, permissionless blockchain having a throughput with lower costs. Solana Ecosystem is robust, with a total market capitalization of $87,080,020,875 and a trading volume of $69,239,662,605.
Note: Their market capitalization sorts this List from lowest to highest
Solfarm is Solana’s first decentralized blockchain yield aggregator with auto-compounding vault techniques. It was created to benefit from Solana’s high-efficiency, low-cost blockchain. With less active management required, it enables vault techniques to compound regularly and offers stakers better APY.
The farm strives for a streamlined user experience with optimal APYs and “set and forget” tactics, although the platform is currently in beta and all of the code is experimental.
By supplying liquidity to Solana-native DEXes like Raydium and SABER, it sets the bar for similar services such as Uniswap on Ethereum and PancakeSwap on BSC. On Solfarm, users generate liquidity and receive interest on their investments, and the native governance token TULIP of Solfarm, while exchanges gain from increased liquidity.
Exchange – TULIP is trading on FTX, Gate.io, LATOKEN, Jupiter, and AEX with a 24-hour trading volume of $92,212.90.
To ensure the best pricing, PRISM, a dex aggregator on Solana automatically routes your transactions across various liquidity sources. The platform has both basic and advanced features.
Basic features include an intuitive swap interface, while Advanced features include a fully functional DEX based on order books.
The Platform Statistics Overview states that about $66,524,751.71 volume is traded on the platform, with about 332,101,645.96 PRISM staked, comprising 66% of the circulation supply.
Exchange – PRISM is trading on FTX, Gate.io, Jupiter, and Raydium with a 24-hour trading volume of $47,963.72.
A multi-chain agriculture simulation game called DeFi Land was developed to gamify decentralized finance. All the features found on conventional platforms will be present in our game, but they will be centralized.
The game will allow players to begin playing for free, work their way up to the play-2-earn tier, engage in competitive play, craft, trade, and more. Players use several pools and staking platforms through their interface when they try Yield Farming in the game. Each possession in DeFi Land will stand in for a unit of money.
Some of the DFL native utility token use cases include:
Exchange – DFL is trading on MEXC, Bybit, FTX, Gate.io, and LATOKEN with a 24-hour trading volume of $152,161.
The best DEX aggregator, OpenOcean, combines the most excellent liquidity sources from various blockchains into a single, fluid trading interface to offer customers a one-stop shopping experience for trading!
The most effective DEX aggregation mechanism for cryptocurrency trading is OpenOcean, which gets liquidity from DeFi marketplaces and supports cross-chain swaps.
Users of the product are only required to cover the standard blockchain gas and exchange fees for trades, which are levied by the exchanges and not OpenOcean. The product is free to use.
In addition to aggregating swaps, OpenOcean will keep doing so with derivative products and introduce its sophisticated wealth management services.
Exchange – OOE is trading on MEXC, KuCoin, Gate.io, DigiFinex, and BitMart with a 24-hour trading volume of $514,595.
A decentralized protocol called InsurAce.io promises to provide trustworthy insurance services. The protocol offers flexible and dependable coverage for decentralized finance (DeFi) assets.
Low insurance costs, a high return on investment, cross-chain coverage, and wallet accessibility are among the perks promised to customers.
With InsurAce.io being both a DeFi and an insurance protocol, it has two functioning platforms investment and insurance. They work together to give the platform zero-premium insurance and stable profits to the insured, the insurer, and the investor.
The creators claim that portfolio-based product design, a unique price structure, and stable investment returns enable users to obtain extremely low premiums that are almost nothing.
Exchange – INSUR is trading on MEXC, Bybit, BingX, Huobi Global, and Gate.io with a 24-hour trading volume of $257,289.
Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.
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