Prominent projects

1. Serum (SRM)

Serum(SRM) is a decentralized derivatives exchange that was developed by the well-known FTX exchange, which offers access to derivatives, including options, volatility-based products, and futures contracts for cryptocurrencies. This protocol foremost is characterized by high speed and low transactions costs. What is really staggering is that serum users can create their own dynamic and highly responsive DEXs using a host of developer resources. Serum’s on chain central limit order book allows ecosystem partners to share liquidity and power market based features. Users can create applications that leverage the liquidity of the platform and its ecosystem benefits.

The platform offers extremely low transaction costs of $.00001.

Convenient order book that helps customers by providing price-time priority matching to trades and also for building projects.

The cross chain trading option is more secure than trading through a third party.

Deflationary gameplan, the network takes 80% of all DEX fees and puts them towards an aggressive buy and burn strategy. The buy and burn approach is in demand because each purchase improves market value and the burning aspect helps to fight inflation which is a major concern for DeFi networks.

2. Aave (AAVE)

Aave is a mastodon and the first decentralized finance application ever created. What is interesting is that it was created even before the existence of decentralized finance. The setting up of the Aave Protocol can be traced back to the fall of 2017. Aave allows users to borrow and lend a range of digital assets, including stablecoins and altcoins. The Aave Protocol is managed by AAVE token holders. The Founder of Aave Stani Kulechov and his team of developers launched ETHLend back in 2017 because they were bewildered by the lack of decentralized lending platforms on Ethereum.

Innovation that is stunning. AAVE’s issuing authority has introduced decentralized lending and instant loans that allow borrowers to find money easily and lenders to make consistent passive income without any traditional financial systems.

Deployment on Polygon helps to resolve scalability problems. Since Ethereum 1.0 scales relatively slower due to its reliance on the proof of work (POW) algorithm and transitions to Ethereum 2.0 which would employ proof of stake (POS) algorithm hasn’t reached full functionality, Polygon is helping Aave scale relatively faster.

Limited supply of these coins will have a positive effect on its price in the long run, if the network will remain its practical use.

Large market cap which indicates that the asset is highly valued and is actively traded. Even if digital currencies are highly volatile, one with a high market cap will endure market hits for a longer time as compared to those with a lower market cap.

3. Uniswap (UNI)

Uniswap is a fully decentralized trading protocol, its lack of monopolized ownership allows it to use a new trading model entitled an automated liquidity protocol. It is an open-source project, meaning anyone can implement their code to create their own DEXs, on this platform traders are incentivized to list tokens on the exchange for free. This approach allows users to keep control of their funds in contrary to giving up control of private keys to centralized exchanges. The appealing factor is that Uniswap does not require verification. The KYC policy is completely inappropriate in this decentralized playground.

Protection of assets on the platform is really well grounded. Uniswap went through extensive review by the dev community in the crypto finance space. It was concluded that Uni is a secured smart contract coding and a non custodial platform that gives users extensive control over their private keys and wallets.

Quicker access to the newest tokens because Uniswap allows projects to be listed automatically due to its decentralized nature. For traders, it is important to be engaged when a new token launches because of the ability to get the greatest value.

Liquidity pools that allow generating passive income. In the case of Uniswap, investors can earn UNI tokens simply by contributing to the liquidity pool supporting this decentralized exchange.

Uniswap embraces a model that keeps gas prices relatively low for listing and trading new tokens. This particular DEX deserves praise for improving to keep gas prices down and transactions flowing.