Nevertheless, if you’re comfortable with the risk involved, here is a closer look at seven DeFi crypto projects that you may want to investigate further. Furthermore, there is a steep learning curve in order to understand the software and strategies behind each coin. However, you’re investing in a deregulated market with altcoins that don’t enjoy the institutional backing something like Bitcoin (CCC: BTC-USD). With that in mind, I wouldn’t call DeFi crypto the wild, wild west. Then you start to understand why there are more thousands of altcoins and tokens that are competing for the attention of developers and the dollars of investors. Remember that you have multiple coins competing to develop the same type of projects. Now these transactions are immutable and decentralized and done at lightning speed, 24 hours a day, 7 days a week. Then find a way to handle the same transactions via the blockchain. Think about everything you do with a traditional financial institution. The idea behind DeFi crypto is simple enough. Top Avalanche Ecosystem Coins by Market Cap CoinGecko Search Coins New Coins Gainers & Losers Categories Layer 1 (L1) Decentralized Finance (DeFi) Decentralized Exchange (DEX) Top Avalanche Ecosystem Coins by Market Cap Show Trends View all tokens and cryptocurrencies used within the Avalanche Ecosystem below.
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