It gained a lot of traction, especially in the year 2021, when the crypto space saw a boom in the DeFi category. It is also an automated market maker, also known as AMM, and has gained considerable attention since its inception. Nameįounded in 2018, Uniswap (UNI) is one of the most popular decentralized trading protocols that have become popular within the crypto space for facilitating the automated trading of DeFi tokens. The total value of the DeFi market is around $50 billion with over a thousand coins being traded within the DeFi sector! This guide is to take a quick dive into the top DeFi coins available in the market. The system is set in place to negate the involvement of any third parties like banks and financial institutions in any financial transactions. Yes, much similar to what crypto assets use. ![]() It is an emerging technology, particularly to finance, which is based on a secure distributed ledger. ![]()
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