The AVAX token has a market cap of around $9.1 billion (at the time of writing). The platform supports the Ethereum virtual machine as well as application-specific sharding, network-level programmability, and NFTs.Īvalanche uses a proof-of-stake consensus protocol to offer a network where decentralized assets are traded and launched by users with sub-second transaction confirmations. The LINK token has quite a few use cases, such as:Īvalanche is an interoperable smart contracts platform for launching decentralized finance applications, financial assets, and other services. Yet by checking the historical data on CoinMarketCap with WayBackMachine, it seems that Chainlink increases the circulating supply by 4-5% every year. It appears there is no vesting or lock-up schedule for LINK. Therefore, the Max Supply is the same as the total supply.Īccording to Etherscan, the total supply of LINK is distributed as follows: The LINK token has a market cap of around $3.6 billion (at the time of writing). In the DeFi space, Chainlink makes a significant impact by facilitating other projects with oracles to ensure their functionality.Ī few examples of notable projects using Chainlink oracles are Synthetic, AAVE, KyberSwap. It’s important to notice that Chainlink as a project was developed and evolved to the point that it’s giving grants to crypto initiatives deemed useful to the ecosystem. Since 2019, Chainlink grew exponentially, providing over 75 price feeds to 300 smart contracts and decentralized applications. And the current leader in oracles is Chainlink.Ĭhainlink offers a decentralized data set through a series of oracles and smart contracts, providing a middle ground between real-world data and blockchain applications. Many dapps in the crypto space need oracles to interact with different kinds of data. Providing liquidity to various protocol.Interact with Ethereum dapps and DeFi projects.The price is always close to 1 USD, and they are minted and burned as the market evolves. The DAI token doesn’t have any type of scheduled vesting or inflation. That causes the supply and allocation to be dynamic. Allocation & DistributionĭAI tokens are minted by users that store in the collateral. The DAI token has a market cap of around $6.4 billion (at the time of writing). The minting process is not managed by a centralized organization, as anyone storing a collateral can mint DAI tokens. Also, the Decentralized Autonomous Organization is keeping the stablecoin overcollateralized to ensure the pegging remains stable. However, DAI has grown in popularity and use by keeping a steady price close to 1 USD.
Most decentralized coins did not perform well.
The DAI stablecoin used to be collateralized only with Ethereum but nowadays is multi collateralized. The main difference between DAI and the other popular stablecoins is that DAI is fully decentralized and is integrated by hundreds of dapps and DeFi projects. DAI (DAI)ĭAI is an Ethereum based stablecoin launched and governed through the Maker Platform and MakerDAO. That’s why it is often stated that DeFi works like traditional banking to some extent.ĭeFi projects usually denominate dapps and infrastructures such as asset management tools, decentralized exchanges (DEX), DeFi infrastructure & Dev Tooling, and many others.Īlthough they are risky to invest in and use, the more time passes, the more they optimize and come out with better tokenomics and more secure infrastructures. Specifically, this sector brings to currency services like lending, borrowing, earning interest, and trading assets through the power of smart contracts. It does that by disassembling the various financial services and decentralizing them. DeFi, short for Decentralized Finance, refers to a crypto sector that works to bring most of the traditional finance’s capabilities inside the cryptocurrency space.