In the dynamic world of cryptocurrencies, Decentralized Finance (DeFi) has emerged as the next frontier.
DeFi Coins are a good investment alternative for those who are looking for a project with a lot of potential ahead, in exchange for greater risk, obviously. However, the vast majority of these cryptocurrencies are highly volatile, which means that their price can fluctuate wildly, both up and down.
Uniswap and PancakeSwap are among the oldest and most widely used decentralized exchanges in crypto. Tradecurve is a new player that has yet to establish a large customer base as they are currently on pre-sale, but offers functionality far beyond Uniswap and PancakeSwap.
The First and Largest Crypto DEX – Uniswap
Uniswap v3 is the largest DEX in terms of unique active wallets (UAW) and volume. According to Dappradar, Uniswap’s UAW increased 25% over the last month, and transactions increased 92%.
CoinMarketCap shows that Uniswap V3 on Ethereum alone has more than 21% of the total DEX market share. UNI, the native Uniswap token, is up 6% over the last year, though it is down 15% over the last month, most likely due to waning enthusiasm for the PEPE coin.
BNB Chain’s Most Loved DEX – PancakeSwap
PancakeSwap was the first DEX to launch on the BNB chain, and it is often the first place people look when they want to buy a new coin, as this DEX tends to have one of the biggest options, even if the fees are not as cheap as, for example, Firebird Finance.
Many people feel loyal to PancakeSwap, their unique rabbit logo and CAKE token. Dappradar shows that PancakeSwap v3 is the second largest DEX after Uniswap, which has seen an 81% increase in UAW, a 122% increase in volume, and a 152% increase in transactions over the last month. This indicates that more and more cryptocurrency users are turning to DeFi for trading.
However, CAKE has shrunk by more than 50% in the last month. To compensate this, the DAO of PancakeSwap has voted for an “aggressive reduction” of CAKE token inflation in the coming months.
The Most Innovative DeFi Trading Platform – Tradecurve
Tradecurve aims to bridge the world of centralized and decentralized exchanges, by being on-chain, and thus avoiding regulatory issues, KYC, and privacy concerns. It is not looking to challenge PancakeSwap or Uniswap, but to add something new to the world of DeFi.
Unlike CAKE, which is inflationary, TCRV has limited supply which makes it deflationary. In addition to offering transparency by being built on-chain, Tradecurve also plans to launch Proof of Reserves, and it sees itself as a challenger to CEXs like Robinhood and eToro.
TCRV is in the second phase of presale, available at $0.012, before rising to $0.015. Since the Binance ICO launched in 2017 for just $0.11, and the BNB coin is now trading at around $311, the room for growth for Tradecurve is immense, its token is predicted to rise 50x in the presale with the potential of another 100 times after the coin is obtained. listing on Uniswap and other major exchanges
By Audy Castaneda