5 best crypto projects of 2021

2021 is an important year for the cryptocurrency market in many ways, and most investors are very excited for the price of Bitcoin (BTC) to hit an all-time high of $ 68,789. At the same time, ETHer (ETH) has seen a parabolic rally, with its share increasing 565% since January 1 and reaching an all-time high of $ 4,859 on November 10.

This year has been a very good year for all cryptos, but some of the most successful and profitable have come in the altcoin market, where financial instruments (DeFi) and non-linear tokens (NFT) have been recovered 100%. . content and help blockchain technology and cryptocurrencies take knowledge and leadership to the next level.

This list includes 5 altcoin projects that could make a significant contribution to the cryptocurrency ecosystem in 2021.

Uniswap

Arguably it has had the biggest impact on the entire cryptocurrency industry since the UNIswap (UNI) exchange started in the summer of 2020. Throughout 2021, DEX has experienced significant growth as it has facilitated the launch of thousands of new cryptocurrency operations by removing new barriers to the market in the medium term.

According to data provided by Dune Analytics, Uniswap was the most important DEX throughout the year, with trade volume consistently exceeding all other DEXs.

As shown in the figure above, the volume of the forex market started to increase in the middle of 2021, mainly due to the operations of Uniswap.

Throughout 2021, Uniswap will also be ahead of the rest of the industry, with developers announcing the release of Uniswap v3 in March. The v3 update includes several policy fixes and integration with Uniswap secondary solutions such as Optimism and Arbitrum, laying the groundwork to help reduce usage costs and downtime.

Abe

AAVE (AAVE) is a DeFi credit agreement that allows users to deposit and borrow tokens as a way to earn money or use them as a business lending tool.

As the DeFi industry started to gain traction in early 2021, AAVE has become popular in the community due to its support for a wide range of crypto assets and the support it receives from some players.

This year, AAVE has extended its functionality and functionality, releasing AAVE v2 and adding support for Polygon, a two-tier solution, and Avalanche, one of the blockchain network's most popular competitors.

These new features make AAVE the number one DeFi protocol on TVL, with total AAVE protocol available capital exceeding US $ 25.7 billion.

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Curve is a protocol designed for security that uses automated providers to control the flow of the platform and the entire DeFi ecosystem.

Stablecoins will become an integral part of the overall cryptocurrency community in 2021, as they provide sufficient capital for trade and provide a safe haven for traders seeking refuge in times of crisis. .

As fixed funds gain in importance, they benefit from the right curve and CRV stroke, allowing the integration of fixed funds with many of the best DeFi protocol models, including the Year.Finance ecosystem. and Convex Finance.

While one of the key asset locks of the Curve protocol is coin stability, the platform is now second behind AAVE in terms of TVL. According to data from Defi Llama, the value of $ 21.77 billion is now closed. curved bolt.

Curve is also joining some of the biggest blockchain mergers including Ethereum, Avalanche, Harmony, xDAI, Polygon, Arbitrum and Fantom, further announcing a contract to become a Freeze secure financial service provider for all cryptocurrency markets.

Axi Infini

Axie Infinity is a peer-to-peer exchange and combat game that allows participants to collect, breed, care for, use and trade Axie animals based on NFT.

The peer-to-peer model will become a new favorite among gamers in 2021 as it gives users the opportunity to earn money every day while playing.

With the growing popularity of Axie Infinity, the platform racing AXS token has also hit an all-time high. As the brand reached new heights, the platform generated $ 17.55 million in daily revenue when it peaked on August 6.

Axie Infinity was also one of the first projects to develop migration from Ethereum. The reasons are high prices and slow marketing. Earlier this year, the project moved to the Ronin side chain, and in November it launched its own DEX called Katana.

Dogecoin

Dogecoin is the leader in opening up the PoW cryptocurrency space in the Meme currency market, which has made headlines throughout 2021.

The project did not support many aspects of the technology or improvement, but repeated calls from Tesla CEO Elon Musk and others resulted in a 23,746% increase in Dogecoin. The price has been on the rise since January 1. May 8 $ 0.74

The token received more attention after it was announced that SpaceX would use it to launch a moon star as the price of Dogecoin rose. Articles such as SHIB and ELON.