Tezos, Cosmos, and Pullix are the new stars in the DeFi market, each with unique blockchain offerings attracting a growing user base. Let’s dive into what makes these projects stand out.
Tezos (XTZ) Sees Increased Adoption
Tezos (XTZ) is riding a wave of success in the finance revolution, largely due to its robust security features. These features have become a magnet for various DeFi projects, including lending platforms, decentralized exchanges (DEXs), and stablecoins.
One such instance is Deloitte Luxembourg’s recent partnership with Tezos as a corporate baker. This partnership shows rising institutional interest in Tezos.
Alongside this, Tezos crypto is gaining traction in the market sector. It has increased from $0.846107 to $0.977666 over the past week. Looking at a broader time frame, the DeFi coin has grown by 6.8% in the past month and 8.7% over the year.
Cosmos (ATOM) Interchain Expands To 100+
Though Tezos is on the cutting edge of the financial revolution, Cosmos is also carving out a new domain in DeFi. Its key feature is its interoperability. The IBC technology is the network’s biggest step forward.
With this method, different blockchain systems can be more easily integrated with one another. What are the benefits? It strengthens the connection and efficiency of digital finance. In the meantime, Cosmos recently announced some exciting news themselves.
Cosmos says that more than 100 different blockchain systems use its IBC. Thus, we can see that the Cosmos network has wide applicability. In other news, Cosmos’ crypto price went from $10.30 up to $12.03 in the past week alone. Experts say it could hit $15 by the end of 2023.
Pullix (PLX) Brings More Features To the DeFi Space
Pullix (PLX) is another DeFi project making its mark alongside Tezos and Cosmos in the decentralized finance (DeFi) world. It combines the features of both decentralized (DeFi) and centralized finance (CeFi) into a single platform. This allows users to trade both traditional and crypto assets in one place and enjoy a full market experience. Pullix also offers a feature called DeFi swap.
DeFi swap makes trading tokens easier, faster, and cheaper. Its Automated Market Maker (AMM) model ensures that you get fast and efficient token swaps. Another thing to keep in mind is that Pullix is based on its PLX token, which is a fundamental component of the Pullix exchange. The platform has mechanisms in place to sustain and increase the value of the PLX token.
One of these methods is to fortify the PLX token with 10-30% of Pullix’s revenue (10-30%). This ensures that the token’s market price remains steady. To reduce the number of tokens available, the network also burns tokens. This enhances the scarcity of PLX and, thus, its worth over time.
With these strategies, Pullix is emerging as one of the best DeFi projects. Its native token, PLX, is in its third presale phase, priced at just $0.044. Many investors are taking advantage of this presale and buying thousands of PLX tokens. They are looking forward to the project’s launch in January 2024.
Conclusion
The DeFi market is full of new developments, with Tezos, Cosmos, and Pullix leading the way. Pullix stands out with its DeFi swap and a token burn feature. These features put Pullix and its token in a good position for potential growth in the near future.
For more information regarding Pullix’s presale see links below: