What distinguishes Anyswap from other DeFi projects is the fact that it’s built on very strong fundamentals, such as its strategic partnership with one of the major exchanges that is Hotbit, which decided to provide Anyswap with USD $1,000,000 worth of liquidity for the mutual construction of DeFi ecosystem. Transparent governance and the goal of including the support for 95% of all existing cryptocurrencies, Anyswap is pretty much destined to quickly expand its market capitalization. But by far the best feature of Anyswap for investors who look for massively undervalued DeFi projects to watch is its constant, fast rate of development that guarantees future growth in price. From the very beginning, it provided enhanced functionality and advanced solutions, which together with the extremely low fee of only 0.4% for every swap transaction made it quickly rise in value. Expanded functionality of Anyswap supports many features like Decentralized Cross-Chain Bridge (depositing any coin into the protocol in a decentralized way), Cross-Chain Swaps (immediately swapping one coin for another) and Programmed Pricing and Liquidity (programmed pricing system enabling a liquidity provider to add and withdraw liquidity into swap pair).Īt the moment of its launch in July 2020, Anyswap became the first fully decentralized platform that does cross-chain swaps. It enables fully decentralized and secure swaps between any coins on any blockchain that uses ECDSA or EdDSA signature algorithms, including BTC, ETH, USDT, XRP, LTC, FSN, ERC20 tokens and many other coins.Īnyswap offers many advantages over competing solutions such as the currently still more popular Uniswap, such as providing its users with a utility and governance token ANY that allows voting rights enabling holders to choose the coins that will be listed next. AnyswapĪnyswap is a new Open-Source, fully decentralized cross-chain swap protocol built on Fusion chain and powered by Fusion’s DCRM technology (Distributed Control Rights Management) with automated pricing and liquidity system. Luckily there are still many DeFi projects that are greatly undervalued and from this article, you will learn exactly which are the top 5 most interesting undervalued DeFi projects to watch.
Since the DeFi market’s capitalization has jumped in value from 1 billion to almost 7 billion in just 4 months many people are starting to think whether or not it’s now too late to invest in Decentralized Finance.
With the DeFi ecosystem on the rise, more and more investors are wondering which DeFi to invest in and looking for undervalued DeFi projects that are likely to moon in the near future. Though some people say that the original cryptocurrencies like Bitcoin and Ethereum were technically the first DeFi solutions, it’s much more common to associate Decentralized Finance with more advanced blockchain applications such as stablecoins or decentralized exchanges. To put it simply, DeFi aims to recreate the well-known, time-tested, traditional financial instruments in a fully decentralized architecture, removing the need of trusted third parties such as companies and governments. It’s enough to say that currently 27 out of top 100 cryptocurrencies with the highest market cap are DeFi projects, with the most popular one being Chainlink at #6 and soon to likely surpass Bitcoin Cash and become the first DeFi coin to enter the top 5 of the most capitalized cryptocurrencies on the market.īefore we go any further, let’s get back to the basics and quickly recap what exactly is Decentralized Finance, or DeFi as it’s more commonly known. CoinMarketCap’s introduction of a separate list dedicated exclusively to DeFi projects confirmed the status of Decentralized Finance as the most dynamically expanding branches of blockchain technology. Decentralized Finance (DeFi) has been all the talk within the crypto world recently.
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