Monat: April 2022

Veröffentlicht am

Best DeFi projects on Solana to 5x your money in less than a year

DeFi is one of the hottest sectors in the crypto universe. New DeFi projects with enormous potential are coming out, some of which are in fact built on Solana. The blockchain is expected to be the launchpad for some of the most exciting DeFi projects in the future, and here is why:

  • Solana allows DeFi to be scaled up easier and faster

  • The Solana infrastructure is highly integrated with DeFi needs

  • Fees on Solana are way lower compared to other chains

Well, for investors looking for DeFi projects on Solana that could easily 5X your money, here is our top 3 list:

Oxygen Protocol (OXY)

Oxygen protocol (OXY) is designed to work as a decentralized bank. In fact, the project is trying to tap into one of the hottest DeFi trends right now. People want to reduce exposure to the traditional banking systems and are looking at the blockchain for solutions.

Projects like Oxygen are working to offer these solutions. If indeed decentralized banking takes off in 2022, OXY is going to explode.

Delta One

Delta One is a new DeFi project on Solana designed to offer users low-risk yield farming across multiple chains. Work on this project started last year, and while it is yet to reach full market value, there is just so much potential. In fact, Delta One recently raised nearly $10 million to fund the development of its ecosystem. It has big-name backers and investors, too including Pantera Capital, Almeda Research, and so many others.

Solend (SLD)

Solend (SLND) is a borrowing and lending protocol designed to offer users low-risk collateralized crypto loans. It’s also a fairly exciting project with quite some potential too. SLND is hoping to become the most popular lending protocol on Solana by leveraging the platform’s speed and low fees. So far, it is seeing very decent growth.

The post Best DeFi projects on Solana to 5x your money in less than a year appeared first on Coin Journal.

Veröffentlicht am

Top 3 projects on Cardano that you should consider in April

Cardano (ADA) is one of the most popular Ethereum alternatives in the world. It has, over the years, attracted a lot of new and innovative projects. Well, there are several reasons why Cardano projects are quite popular. Here is why:

  • Cardano offers better scalability compared to Ethereum

  • The chain is also embracing a diversified ecosystem of DAPPs.

  • Cardano is known for low fees, faster speeds, and sustainability.

So, if you are planning to invest in promising projects built on Cardano, the top 3 lists below should be perfect.

Ardana (DANA)

Ardana (DANA) is a stablecoin that is backed by an array of assets. It also doubles up as a liquidity provider for decentralized exchanges. DANA is typically overcollateralized with native assets on the Cardano chain.

This makes stablecoin trading within the ecosystem efficient and less costly. The hope is to make Ardana the ultimate MakerDAO for the Cardano platform. So far, the coin has a market cap of around $30 million. The potential for more value is therefore very high.

Drunken Dragon Games (FT)

Drunken Dragon Games is a newer gaming project. It is one of the most promising GameFi assets on Cardano as we speak. As noted above, Cardano has embraced full diversity in its ecosystem. As such, the chain is bringing all manner of apps including blockchain gaming. Drunken Dragon also adds an NFT element to its offerings. Although the project is not big right now, it has all the potential for great success.

Revuto (REVU)

Revuto (REVU) is an innovative service that allows users to manage subscriptions. The beauty of this project is that it allows you to do it in a decentralized way. People have dozens of subscriptions these days. It can be easy to lose track of them and end up paying for things you don’t need. Revuto will ensure this doesn’t happen.

The post Top 3 projects on Cardano that you should consider in April appeared first on Coin Journal.