DeFi space has seen evolutions each time some new innovations and projects have attracted enthusiasts who have an interest in maximizing the returns. This is evident in the relatively new addition, Zig Network (ZIG), whose revenue sharing model and very promising roadmap have quickly captivated users of SushiSwap (SUSHI) and PancakeSwap (CAKE).
With the continuous trend in cryptocurrencies emphasizing the dispersions of value as well as passive earnings, Zig Network (ZIG) could be one of the most inspiring add ons for many portfolios. Let’s discuss what makes this new entrant a viable option for your portfolio.
SushiSwap (SUSHI): Expanding Liquidity with New Roadmap
SushiSwap (SUSHI) has outlined a new roadmap targeting a significant DeFi challenge, cross chain liquidity. The platform now supports asset swaps across over 35 chains and launched a route processor to secure traders better rates through aggregated liquidity. This feature alone has driven a trading volume of over $597 million since July. Moreover, there is the addition of Blade and Kubo in this network to offer innovative risk reduction strategies for liquidity providers and perpetual futures traders.
These changes are now seen as a fresh wave of hope at a time when the protocol’s fee generation has dropped exponentially. This value had tumbled down from $3.8 million in September 2022 to approximately $462,000 in September 2023. This is caused by the stiffer competition that SushiSwap (SUSHI) faces all the time. Zig Network (ZIG) stands as a viable option as its revenue sharing model varies significantly.
PancakeSwap (CAKE): Staking and Burn Mechanisms for Long term Value
PancakeSwap (CAKE) remains a popular choice for decentralized trading. With its innovative Ultrasound CAKE model, this crypto asset has adopted a deflationary strategy, burning over 102% of minted tokens weekly. This burn mechanism has helped maintain PancakeSwap’s price stability amidst market challenges. While its trading volume and total value locked have fluctuated, the protocol generated annualized revenue of $27 million, with 42% of PancakeSwap (CAKE) staked for yield farming and liquidity provision.
However, PancakeSwap (CAKE) faces price challenges and its chart indicates a possible bearish trend if support levels aren’t maintained. This market turbulence has led some PancakeSwap (CAKE) users to explore alternatives like Zig Network (ZIG), whose reward structure might offer greater value for long term holders and stability seekers.
Why Zig Network (ZIG) is Generating Buzz
Zig Network (ZIG) distinguishes itself in the DeFi space with its innovative revenue sharing blockchain. Zig Network (ZIG) holders earn a share of all platform fees, creating passive income potential that many investors seek. With its VIP rewards program for top holders and a commitment to transparency, demonstrated by third party audits and locked liquidity, Zig Network (ZIG) appeals to those looking for a secure investment. Additionally, token staking offers daily income, appealing to investors aiming to grow wealth over time.
As Zig Network’s price remains attractive at $0.01, early investors see promising potential for 2024. With features designed for equitable reward distribution and a robust security model, Zig Network (ZIG) is quickly becoming a popular choice for those wanting consistent, passive gains in DeFi.
To find out more about the Zig Network (ZIG) use the links below:
Participate in the Zig Network
