In 2020, the growth of DeFi took the financial world by storm. In fact, Total Value Locked (TVL) – a measure of DeFi transaction value – grew by 14x in 2020.
And in 2021, TVL more than quadrupled to a total value of $112.07 billion at its peak. So if you want to learn about the top trendy DeFi projects for August, read on.
Gnox (GNOX)
Gnox has recently been gaining popularity in the DeFi scene and wider cryptocurrency world by developing a special treasury that invests in other crypto coins and projects on behalf of Gnox token holders (and shares the profits with them). Early adopters may be positioning themselves for significant future gains as Gnox is currently experiencing extremely high demand during pre-sale.
Biswap (BSW)
Biswap has recently launched an array of benefits and incentives for users of the Decentralized Exchange (DEX). Benefits range from increased APRs and APYs to earnings from a friend’s referral program. And Biswap users can invite friends to register via the referral link and receive rewards in $BSW from their friends’ activities on farms, launchpools, swaps, lotteries, and NFTs.
Spiritswap (SPIRIT)
Because SpritSwap is a platform on the Fantom network, users have access to additional rewards and revenue-sharing options. This project addresses many significant DeFi issues as an all-in-one platform that gives users access to trading, staking, and farming options.
The price of this token has actually remained fairly stable when compared to some of the enormous losses seen in other coins over the past few weeks, despite the fact that the current token price of about $0.018 is somewhat lower than the all-time highs reached in November.
Avalanche (AVAX)
Ethereum gas costs have increased dramatically in recent months. For everything related to decentralized finance for the past few years (DeFi), Ethereum has been the preferred blockchain.
However, many users are starting to turn away from the crypto juggernaut as a result of these high gas fees. Avalanche may be a top option for those looking for a new blockchain to call home after leaving Ethereum.
Learn more about Gnox:
Join Presale: https://presale.gnox.io/register
Website: https://gnox.io
Telegram: https://t.me/gnoxfinancial
Discord: https://discord.com/invite/mnWbweQRJB
Twitter: https://twitter.com/gnox_io
Instagram: https://www.instagram.com/gnox.io
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