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Cryptocurrency News Articles
ETFSwap (ETFS), VeChain (VET), and Tezos (XTZ): The Top 3 Crypto Projects To Lead The Next Wave Of DeFi
Sep 01, 2024 at 01:00 am
As decentralized finance (DeFi) continues to change the financial world, three standout crypto projects have emerged with technological approaches and potential for growth. ETFSwap (ETFS), VeChain (VET), and Tezos (XTZ) each have unique features that position them to lead the next wave of DeFi.
Three crypto projects that have emerged as potential leaders in the next wave of decentralized finance (DeFi) are ETFSwap (ETFS), Vechain (VET), and Tezos (XTZ). Each project has its own unique technological approach and growth potential.
ETFS is a decentralized finance platform built on the Ethereum network that allows both retail and institutional investors to diversify their portfolios across various asset classes. Through tokenized exchange-traded funds (ETFs), investors can gain exposure to real estate ETFs, commodity ETFs, leveraged ETFs, cryptocurrency ETFs, and more.
With its advanced leverage features, most crypto analysts believe ETFSwap (ETFS) will lead the next wave of decentralized finance (DeFi) over VeChain (VET) and Tezos (XTZ). Investors can earn profits of 1,000% as all ETFs carry 10x leverage. Also, investors can expand their positions on the available ETFs with the 50x leverage feature, which allows them to multiply gains by 5,000%.
As a leader in the world of decentralized finance (DeFi), ETFSwap integrates sophisticated AI-powered tools like the ETF Filter, ETF Screener, and ETF Screener. This technology reshapes the world of decentralized finance (DeFi) by enabling users to select the most profitable ETF investment based on performance history and present market conditions.
Furthermore, ETFSwap (ETFS) has completed its KYC verification process with SolidProof, a renowned cybersecurity and blockchain audit firm, specializing in auditing smart contracts and DeFi platforms like ETFSwap from fraudulent activities. However, ETFSwap (ETFS) allows investors to protect their anonymity through its zero-knowledge approach as it eliminates the need for KYC from users.
The VeChain (VET) network has established itself as a worthy contender in the world of decentralized finance (DeFi) and a leader in global supply chain management. To streamline their respective supply chains, VeChain (VET) has partnered with Walmart China, BMW, Haier, and other prominent companies to sustain its growth and development in the DeFi landscape.
As a veteran layer one smart contract platform, VeChain’s team members have experienced the past crypto bull runs, which have contributed positively to the overall Vechain (VET) ecosystem with known addresses that amount to more than 4.1 million.
According to data from CoinGecko, VeChain (VET) has a market cap of $1.8 billion, with a daily trading volume of approximately $4 million. As of writing time, VeChain (VET) is trading within the range of $0.02237 to $0.02415.
Tezos (TXZ) launched on the mainnet in September 2018 with a total token supply of $1 billion. One outstanding feature of Tezos (XTZ) is the self-amending mechanism, which focuses on formal verifications while leveraging its proof-of-stake-based consensus algorithm. This adaptability makes Tezos (XTZ) a strong contender in the DeFi space because it can evolve to meet changing market demands.
The existing protocol on Tezos, Liquid Proof-of-Stake (LPOS), is responsible for perceiving the number of tokens used by producers (bakers) in the Tezos ecosystem. Bakers are selected through an infinite priority list of baking slots in the Tezos consensus protocol to push a block to a certain level.
Based on CoinGecko’s data, Tezos (XTZ) market cap is $677 million with a daily trading volume of $23 million. Tezos (XTZ) is currently trading at $0.6827, comparatively 92.5% lower than its ATH price.
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!
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