DeFi and DEX lifts the value of ETH



We all know that DEX is making huge revenue in recent days. Many DEX platforms has experiencing constant hype in number of users signup and trade volume each seconds. This shows the significant interest and trust of crypto traders over DEX exchanges.

Hope you all come cross the concept of DeFi – Decentralized Finance which is also creating a greater hype in crypto space.

If you are unaware of DeFi , let me define DeFi in short .

The DeFi is a short form of Decentralized Finance (DeFi). This Decentralized Finace or Open Finance is one that includes digital assets, protocols, decentralized applications that are built on blockchain, smart contracts and so on. 

This increase in DEX volume and DeFi value in the cryptocurrency world, is increasing the value of Ethereum which is the main trading altcoin in both DEX and DeFi system.

Recent news says that ,

Ethereum, the second-ranked cryptocurrency by market cap’s most important use cases, continues to spike. As these metrics breakout and surge, the smart-contract focused altcoin may be ready to explode.

 The initial coin offering boom of 2017 helped bring Ethereum to an all-time high of $1,400 per ETH token.That use case eventually disappeared due to regulatory crackdowns from the US Securities and Exchange Commission.

 The combination of DeFi going parabolic, DEX volumes reaching all-time highs, and ETH 2.0 on the horizon has enormous potential. It could even finally be the catalyst that helps Ethereum explode through resistance and revisit previous highs.

 Much like $10,000 has remained unbreakable for Bitcoin, $250 has acted as a barrier between Ethereum and a retest of former highs.

With real fundamental growth happening in the altcoin, technicals will eventually catch up, and ETH prices could soon explode higher. And once resistance at $250 breaks, fireworks are bound to ensue.

 Thus this DeFi and DEX volume increase inturns increases the value of ETH in recent days and making it as ETH2.0.

You can also start your own cryptocurrencies related business now. If you have any doubts in launching your own DEX platform or DeFi solutions, contact Bitdeal – Leading Decentralized Exchange Development Company, who provides all kinds of decentralized and centralized cryptocurrency services.

Catch Our Experts :

Whatsapp : +91 9677555651

Comments

  1. superstar world24 September 2020 at 10:25


    TRUMPSWAP

    TRUMPSWAP: YOU SHARE, YOU MINE, YOU MINE, YOU EARN

    TrumpSwap has innovated on the basis of Uniswap and SushiSwap's gameplay, and pioneered a shared incentive model. Users can get rich rewards by sharing. Will TrumpSwap become the next dark horse after Uniswap and SuhiSwap? Let's wait and see!

    website - https://trumpswap.finance/

    medium - https://medium.com/@trumpswap/trumpswap-you-share-you-mine-you-mine-you-earn-fc18b31bcee0

    ReplyDelete
  2. Sara Technologies Inc.14 May 2021 at 01:08

    The rising technology standards are giving birth to privacy hacks and data tampering. To deal up with all these consequences, you need expert assistance from professionals. If you are facing challenges while finding a suitable blockchain development services partner for your security needs, SARA Technologies could be a perfect destination.
    Other Services That We Offer
    AI development services
    machine learning development services
    cyber security services
    blockchain consulting services
    blockchain as a service company
    DeFi development services
    NFT development services

    ReplyDelete
  3. Shweta7 September 2021 at 01:35

    Thank you for such an informative blog post! Decentralized Exchange like Uniswap provides a feasible alternative to centralized exchanges by allowing users to swap tokens and take part in liquidity pools in which they earn interest. Create your own Defi-based DEX platform like Uniswap with a readymade clone script solution. Uniswap Clone Software is a 100% replica of Uniswap developed on Ethereum Blockchain.

    ReplyDelete
  4. Sara Technologies5 January 2022 at 04:50

    Thanks for sharing this information. As we know, blockchain technology is very famous nowadays, and companies are adopting blockchain in their businesses because it provides security and transparency. That's why the gaming industry is also showing interest in blockchain technology, so if you seek blockchain game development, you can contact Sara Technologies. We have been a trusted and certified company since 2007.

    ReplyDelete

Post a Comment

Popular posts from this blog

How to build a Dapp on TRON ?

Image
“ The secret of change is to focus all your energy not on fighting the old but on building the new .” — Socrates, father of Western philosophy . Of course . Focusing  on the new innovations to make an effective change is better than sitting back and solving the issues in old systems.  It has paved a good results in many incidents and industries .  Blockchain technology is also moving ahead with new innovations to make it more efficient and effective .  This resulted in the birth of DApps, DApps on ethereum , DApps on EOS platform and now DApps in TRON network too . I think TRON is not an unfamiliar word for all of us who are updating ourselves with new innovations in crypto world. Right ? TRON is a blockchain network launched for the establishment of a truly decentralized Internet and its infrastructure by a Chinese entrepreneur Justin Sun . Gather a lot more information about TRON and TRX from our previous article : What is TRON? and How To Build a dApp On TRON? 
Read more

TRON DApp - The Rise of web 4.0

Image
As we are living in the era of blockchain , it is essential for us to know about blockchain technology . We all have come across the terms Ethereum and EOS when we look into the development of Dapps. Here we are going to discuss about TRON , a blockchain network like ethereum and EOS used for build dapps . So , let us first know about what is TRON ? and then let us deeply look into how to develop dapp on TRON ? . Without a delay , let us jump into the discussion . What is TRON ? In 2017 , a Chinese entrepreneur Justin Sun , launched TRON . At first TRON is considered as an blockchain network which is used only for entertainments. Later , it has extended its uses for all other general purposes too . TRON is now used for the development of decentralized applications which creates a challenging environment for both ethereum and EOS .  TRX first existed as an ERC20 token, but after the launch of Tron mainnet, the TRX token is now its native asset. To explain in short , TRON
Read more

How cryptocurrency exchange websites works?

Image
BITCOIN EXCHANGES: Cryptocurrency: Cryptocurrency is a digital currency that can be bought,sold,and traded on online cryptocurrency exchanges.The exchanges of this type of virtual currency is encrypted.The first developed and well known cryptocurrency is BITCOIN.Thus,cryptocurrency can be simply said as,a digital asset which can be used for trading process.There exist many cryptocurrencies such as Bitcoin Cash,Ripple,Litecoin,etc., in which Bitcoin and Ethereum stands out of the crowd. Exchange of cryptocurrency: The process by which someone buy,sell or trade cryptocurrency is known as cryptocurrency exchange.The exchange or transaction records are encrypted by blockchain technology.Blockchain technology is method by which the bitcoins or cryptocurrency exchange records are stroed into different blocks that are interconnected by hash code or algorithms.Cryptocurrency exchange is a medium in which selling,buying,trading of digital coins takesplace.There are two types of crypt
Read more