Avalanche (AVAX) and Uniswap (UNI) are among the top Defi tokens in the market in terms of their value. These two DeFi platforms are the industry leaders known for their innovation and diverse ecosystem. DeFi platforms are gaining more popularity among crypto enthusiasts and are becoming more mainstream with time.
UNI price to surge with increasing adoption
Uniswap, founded in 2018, is among the most popular decentralized trading protocols in the market right now by its total-value-locked (TVL). The DeFi platform gained massive popularity in the crypto space for building the automated market maker system to facilitate automated trading of DeFi tokens without any centralized intermediary.
At the time of writing, UNI is trading at just above $7, with a 24-hour trading volume of neary $130 million. The DeFi token is currently ranked at 17th in terms of its market capitalization. Given its increasing adoption and liquidity, Uniswap would likely continue to see growth in the coming months and see the price of its token surge further.
Avalanche price expected to double this year
At the time of writing, Avalanche (AVAX) is trading at just above $20 with a trading volume of nearly $481 million. The DeFi token is currently ranked 16th in terms of market capitalization. The price of the token is expected to reach $40, as per our technical analysis.
Marketed as Ethereum’s rival, Avalanche, is a layer one blockchain that functions as a platform for decentralized applications and custom blockchain networks. Avalanche aims to have a higher transaction output of up to 6,500 transactions per second while not compromising scalability. Experts predict that AVAX price could double within this year as DeFi continues to gain mainstream attention.
Thrupenny (TPY) likely to post huge gains this year
Thrupenny is a new DeFi ecosystem with a smart investment system and an in-built Derivatives Decentralized Exchange on the lending platform. The platform aims to revolutionize the DeFi space with its diverse ecosystem. At the time of writing, TPY is trading at $0.5001.
Since Thrupenny Protocol launched its Yield Farming Platform last year, the token’s price has witnessed a surge of 150% and a tremendous increase in user adoption rate.
Thrupenny decentralized lending protocol, lets users lend or borrow cryptocurrency without going to a centralized intermediary. The decentralized lending protocol has already launched its staking functionality to allow users to earn rewards by participating in the governance of the platform. The remarkably high percentage staked in the governance pool shows the strength and faith holders have in Thrupenny. Given the potential of the Thrupenny DeFi protocol, the price of TPY is likely to post huge gains this year.
DeFi Protocols continue to gain momentum
In the past few years, Decentralised Finance (DeFi) has brought about a sweeping change in the financial world. With removing centralized intermediary as the core philosophy, transactions on DeFi and Decentralized Exchanges (DEXs) on the blockchain network have gained huge popularity. As the crypto industry becomes more mature with time, DeFi protocols will gain huge popularity resulting in the surge of prices of DeFi tokens that offer most utility.
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