1. LINK (ChainLink): - Market value of 5.22 billion USD, with a circulating supply of 350 million and a 24-hour trading volume of 1.52 billion USD. - ChainLink, the blockchain company behind LINK, offers middleware that allows smart contracts to access external data. - It provides contract creators with a reliable external database, enabling them to query data from one or multiple databases within a contract.
2. UMA: - Market value of 100 million USD, with a circulating supply of 53.88 million and a 24-hour trading volume of 8.64 million USD. - UMA is a decentralized financial contract platform that enables the creation of unique and standardized products. - It fosters various financial innovations by defining an open-source protocol that allows parties to design and create their own financial contracts.
3. LEND (Aave): - Market value of 8.52 billion USD, with a circulating supply of 1.3 billion and a 24-hour trading volume of 2.39 billion USD. - Formerly known as ETHLend, Aave is committed to building transparent and open infrastructure for decentralized finance. - It operates under the concept of a "ghost," symbolizing its dedication to creating a transparent and open infrastructure for decentralized finance.
4. MKR (MakerDAO): - Market value of 6.63 billion USD, with a circulating supply of 1 million and a 24-hour trading volume of 1.33 billion USD. - MakerDAO is a decentralized autonomous organization and smart contract system on the Ethereum blockchain. - It issues the first decentralized stablecoin called Dai, which is backed by collateralized digital assets at a 1:1 ratio to the US dollar. - MKR serves as the governance token of the Maker system, used for paying stability fees on borrowed Dai and participating in the system's management.
5. SNX (Synthetix): - Market value of 5.79 billion USD, with a circulating supply of 89.03 million and a 24-hour trading volume of 1.68 billion USD. - Synthetix (formerly known as Havven) is designed for engineers and aims to build a decentralized and trustless network. - Its token, SNX, supports a range of synthetic assets, including fiat currencies, precious metals, indexes, and other cryptocurrencies. - The project initially started as Havven in 2017, consisting of a distributed payment network and a stablecoin.
Overall, DeFi 2.0 offers a diverse range of cryptocurrencies that provide innovative solutions for decentralized finance, making it more accessible and user-friendly for individuals seeking financial opportunities in a decentralized ecosystem.
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