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In this web story, we'll explore and discuss in detail about the top decentralized finance (DeFi) tokens to invest in 2024.
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1. Chainlink (LINK): - Uses nodes to provide data to blockchain and smart contracts. - DeFi applications can leverage Chainlink's oracle services for various functions.
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- Liquidity: 7.38%, - 24-hour volume: $575,010,517, - Market cap: $7,851,158,895, - Price: $14.10.
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2. Pikamoon: - ICO marked the beginning of GameFi innovations and a developing village. - Anticipating post-ICO activity and growth.
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- Offers 1v1 multiplayer competitions with PIKA prizes and a competitive ranking system.
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3. Avalanche (AVAX): - Blockchain platform addressing scalability, security, and decentralization. - Native token AVAX powers transactions and supports network activities.
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Liquidity: 13.83%, - 24-hour volume: $1,022,080,441, - Market cap: $7,491,783,962, - Price: $21.07.
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4. DAI: - Cryptocurrency backed by collateral, maintaining a 1:1 value with the US dollar. - Created through the Maker Protocol on the Ethereum blockchain.
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- Live price: $0.9997, - Market cap: $5,345,592,882, - 24-hour volume: $5,345,592,882, - Liquidity: 3.83%.
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5. Uniswap: - Decentralized protocol for Ethereum token trading, considered a leading DEX. - Operates on the Ethereum blockchain.
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- Liquidity: 5.66%, - 24-hour volume: $156,683,530, - Market cap: $156,683,530, - Price: $4.97.
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6. Internet Computer (ICP): - Enables users to create apps, websites, and web-based services. - Backed by venture capital firms Andreesen Horowitz and Polychain Capital.
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- Live price: $4.16, - Market cap: $5,345,592,882, - 24-hour volume: $5,345,592,882, - Liquidity: 3.83%.
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7. Lido DAO: - Decentralized autonomous organization providing liquid staking on Ethereum 2.0 and PoS platforms.
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Users can deposit tokens, receive tokenized versions, and participate in other DeFi activities.
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Market cap: $5,345,592,882, Current DAI price: $0.9997, Liquidity: 3.83%, 24-hour volume: $5,345,592,882.