Saturday, April 27, 2024

Top 5 Low Market Cap DeFi Tokens

Do you know how banks earn huge profits even though they do not have any product of their own?

When you deposit your money into the banks, they take your money at lower interest rates and lend to others at higher interest rates. Doing so, banks will earn huge profits from common people. 

What if you invest your money into something which is not owned by others?

Yes, there is something called Decentralized Finance (DeFi) which allows you to deposit your money into smart contract lending pool and earn highest interest rates from them. 

DeFi leverages the open-source software to move the centralized system into the decentralized network which is trustless, transparent and runs without any intermediaries. At the time of writing, a total of $5.84 B of assets is locked into the DeFi Tokens

From its inception, DeFi has seen a sudden rise in the total value locked in it.  

Top 5 Low Market Cap DeFi Tokens

  1. Decentralized Information Asset (DIA)

Top 5 Low Market Cap DeFi Tokens - DIA Token

DIA is an open-source blockchain project which allows market actors to source, supply and share trustable data. DIA aims to bring data analysts, data providers and data users together on a single platform. It is currently one of the most anticipated DeFi projects

Various exchanges like Uniswap, Hotbit, AEX, and Poloniex have listed DIA for trading. Among which Uniswap is the current most active market trading DIA. This DeFi coin has a circulating supply of 8 Million coins and a max supply of 200 Million coins.

Features of DIA

  • DIA offers complete transparency where the data feeds are open-source and accessible. 
  • Also, the DIA database is hashed on-chain for complete verification of historical data. 
  • A whole community of stakeholders will verify the DIA data.
  • DIA offers a scalable infrastructure to meet data needs.

2. Orion Protocol (ORN)

Top 5 Low Market Cap DeFi Tokens - Orion Protocol

Orion Protocol entered the DeFi space as the first Dynamic Coin Offering to solve some of the major DeFi issues. It allows users to trade with the liquidity of the entire crypto market in a single platform. Orion Protocol seems to be unique as they have solved liquidity, accessibility, scalability, and custody on one platform. Orion Protocol has penned partnerships with Kucoin, BitMax, Holochain and many others.

The DeFi coin is listed on various exchanges like BitMax, Kucoin, Uniswap, and Eterbase. Among these exchanges, BitMax appears to be the current most active market trading. ORN has a circulating supply of 3.8 Million coins and a max supply of 100 Million coins. 

3. TrustSwap (SWAP)

Top 5 Low Market Cap DeFi Tokens - TrustSwap

TrustSwap is the nextgen of DeFi transactions. TrustSwap is here to solve major problems of subscriptions, split payments, and cross-chain token swaps. A cross-chain “smart swap” system helps to wrap-up into token into an ERC20. 

A trustless decentralized escrow service offers an easy way to divide the payments into limited batches. This DeFi coin provides an easy way for the developers to accept payments for annual subscriptions. 

rustSwap is listed on various exchanges like Uniswap, BitMax, Balancer, Mooniswap, and Poloniex. Among these exchanges, Uniswap is the current most active market trading it. SWAP has a circulating supply of 65 Million coins and a max supply of 100 Million coins.

4. ETHVerse (ETHV)

Top 5 Low Market Cap DeFi Tokens - ETHVerse

ETHVerse is a virtual world owned by its users, powered by Ethereum and built using Minecraft gaming engine. This DeFi coin allows its users to be in control of their assets and also participate in the ETHVerse ecosystem. 

ETHVerse offers various features like Land/Asset ownership, Building Structures, Marketplace, DeFi Banking, Payments, Monetization options, Adding new cities, and Roleplays. ETHVerse has some use cases like Buying and selling land, Buying and trading assets, Paying for services, DeFi Banking services, Gaming, and Adding new cities. 

ETHVerse is listed on various exchanges like Uniswap, Hotbit, and Hoo.com. Among these exchanges, Uniswap is the Uniswap is the current most active market trading ETHV. This DeFi coin has a circulating supply of 8 Million coins and a max supply of 40 Million coins.

5. Effect.AI (EFX)

Top 5 Low Market Cap DeFi Tokens - Effect.AI

Effect.AI offers human-enabled data for various use cases like training AI, automating processes, translations & transcriptions and many others. Effect.AI also offers various services like Effect Force, Effect Translate, YouTube Subtitles, and Custom AI solution. 

The clients of this DeFi project use Effect Force for video transcription, data collection, content moderation, text-to-speech, image classification, text extraction, customer service automation, chatbot development, sentiment analysis, and pixel annotation. 

EFX has a circulating supply of 210 Million coins and a max supply of 650 Million coins. Various exchanges like Bidesk, BitBNS, and Newdex have listed EFX. Among these exchanges, Bidesk is the current most active market trading EFX.

Must Read: 5 Best Encrypted Email Services to Use with Crypto for Complete Security

Conclusion

Decentralized Finance helps standardize financial services and other factors right from how data is collected and managed, to insurance and stable digital currencies. With more and more DeFi projects added to the platform, we will see a bright future which is decentralized & borderless. The open finance solutions offered by DeFi will replace many of the functions of the centralized financial institutions.

Renuka Belamkar
Renuka Belamkar
Renuka is an active blogger and guest writer at Coin Gyaan. In her experience, she has worked as a crypto-journalist and has also contributed to the blockchain, cryptocurrency, and fintech industries. She aims to provide the latest cryptocurrency & trading information to the readers to help them trade effectively.

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