The price of Maker passed the $4K for the first time this April, driven by the news about MakerDao bringing real estate to DeFi, ie the Maker protocol minted $38,000 of DAI stablecoins to finance a mortgage loan. Maker holders have been rewarded by the unprecedented Maker’s performance lately as the MKR token surged from $597.37 on 1 January, 2021 up to its record levels of $4,943.66 on 22 April, which represents a 727% increase year-to-date. Maker is one of the earliest DeFi projects, which operates DAI, a community-managed decentralised cryptocurrency with a stable value pegged to the US dollar. Maker, the governance token of the MakerDao, entered the crypto market in 2017 as the first blockchain-based protocol, which launched a major automated cryptocurrency-lending platform and contributed to the boom of DeFi. Try demo Maker: passing $4K for the first time What are DeFi tokens? Decentralised financial applications, which run on blockchains (often on the Ethereum blockchain), which mirror traditional concepts used in the finance and banking industry.
Defi coins list full#
It offers an alternative with faster and cheaper financial transactions with no paperwork, no minimum transaction amount, full audibility and transparency. Maker, Compound, Uniswap, Aave, Chainlink and Ankr are some of the most talked-about DeFi coins to watch in 2021.Īmid the cryptocurrency rally unfolding in 2021, the decentralised finance has more than doubled in total value locked (TLV) year-to-date having reached $59.07bn as of 22 April, 2021.Īccording to Matt Hougan, chief investment officer at Bitwise Asset Management, “DeFi is the story of 2021” and it’s hard to disagree.ĭeFi, representing digital peer-to-peer financial service technologies, aims to bypass financial intermediaries and cut out traditional banking services.
The list of ‘blue crypt’ tokens is constantly growing, adding new names to the DeFi leaderboard.
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