The DeFi market has evolved at breakneck speed due to the potency of open finance and the minds committed to making it a reality. In 2021 alone, the total value of assets locked on DeFi protocols has surged by over 600%. While it is impossible to ignore the explosion of the prices of altcoins and their impact on the exponential growth of the DeFi market, metrics like the number of DeFi users show the appeal of such products and the potential for more.
However, for DeFi to outdo itself and finally emerge as a viable alternative to conventional financial methods, it must first break free from recurring restrictions including the complexity associated with open finance protocols, the risks that come with them, and the apparent lack of regulated gateways. Experts believe that the emergence of solutions that robustly cater to the needs of mainstream investors or users by doing away with the aforementioned limitations would ultimately usher in a new DeFi era.
Notably, DeFi 2.0 seems more attainable each passing day, thanks to the remarkable efforts on the part of developers to enable new layers of functionalities. Several projects are on the verge of resolving recurring issues, perfecting existing techniques, and proffering new paradigms. It goes without saying that such an impressive burst of innovation makes it a lot harder for users to keep track of developments. And so, we have decided to collate 10 of the interesting projects poised to bring about tremendous advancement in the DeFi landscape.
Here, we have based our list on the uniqueness and appeal of the project. The projects highlighted below have the potential of championing new levels of growth in the DeFi market.
Link:
https://cryptonews.net/en/679658/
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Topic: Top 10 DeFi Projects in Q2 2021 (Read 408 times)