

This article is not intended as, and shall not be construed as, financial advice. It is important to do your own research and analysis before making any material decisions related to any of the products or services described. This article is intended to be used and must be used for informational purposes only. CoinMarketCap is providing these links to you only as a convenience, and the inclusion of any link does not imply endorsement, approval or recommendation by CoinMarketCap of the site or any association with its operators. The Third-Party Sites are not under the control of CoinMarketCap, and CoinMarketCap is not responsible for the content of any Third-Party Site, including without limitation any link contained in a Third-Party Site, or any changes or updates to a Third-Party Site. Like Uniswap and Kyber, Bancor does not use an order book, which means the user can trade without the need for a counterparty.īancor has a market cap of $109mln and is available on Binance, among others.įor more articles about cryptocurrency check out our Top 10 page and follow us on Twitter, Facebook or Instagram.This article contains links to third-party websites or other content for information purposes only (“Third-Party Sites”). Bancor:īancor is a protocol on Ether for non-custodial token exchanges using pooled liquidity. Loopring has a market cap of $113mln and is available on Binance, among others. Loopring offers merchants, participants, and institutions a decentralized and automated trading execution system that intelligently implements their operations on world exchanges, protecting them from counterparty risk and reducing their trading costs. DeFi is an open and global financial system built for the internet age an alternative to a system that's opaque. Based on open-source technology that anyone can program with. Products that let you borrow, save, invest, trade, and more. Ren has a market cap of $159mln and is available on Binance, among others. Decentralized finance (DeFi) A global, open alternative to the current financial system. RenVM is their core product and is mainly focussed on bringing operability to decentralized finance. Ren is an open protocol meant to enable the permission less and private transfer of value between any blockchain.

DAI comes to give a solution to be able to offer a true Crypto Dollar, that is, crypto that maintaining the value of a Dollar and shares the same properties as Bitcoin.ĭai has a market cap of $192mln and is available on Coinbase, among others. Dai:ĭai is a stablecoin which is launched by MakerDao. – mainly financial.Īugur has a market cap of $211mln and is available on Binance, among others. As its name suggests (Augur), the project revolves around a fundamental idea: predicting the future of X markets, events, companies, etc. Augur:Īugur is a decentralized and open-source platform, based on Ethereum blockchain technology. Synthetix Network Token has a market cap of $240mln and is available on Binance, among others. Each unit or we can say each Synth is an ERC 20 token that tracks the rate of an external asset. Synthetix Network Token is a derivatives liquidity protocol on Ethereum which enables the trading and issuance of synthetic assets. Kyber Network has a market cap of $294mln and is available on Binance, among others. Kyber Network allows liquidity providers to be integrated into its platform, as well as being a token aggregator and allowing merchants to exchange tokens to receive payments in cryptocurrencies. It presents other functionalities that make it very interesting within the ecosystem. Kyber is a protocol that although within the world of decentralized finance (DeFi), is classified as a decentralized Exchange (DEX) for the exchange of tokens. The 0x project, also known as the ZRX, is defined as an open-source protocol that allows decentralized changes to the ERC 20 tokens as part of the Ethereum blockchain.Ġx has a market cap of $303mln and is available on Binance, among others. Maker has a market cap of $463mln and is available on Kucoin, among others. It is a decentralized governance project that is responsible for generating the stable Dai currency and the governance of this same cryptocurrency. MakerDAO providing the ideal bridge between the traditional CeFi system and DeFi. The Ethereum-based platform allows users to earn automatically adjusted interest or borrowed assets using cryptocurrency as collateral.Ĭompound has a market cap of $465mln and is available on Binance, among others. The compound is a stand-alone interest rate DeFi protocol that has been built so that developers can unlock a wide range of open financial applications.

Here, we list the top 10 Ethereum-powered DeFi protocols.
