Bittime - The world of decentralized finance (DeFi) has witnessed various phenomena that have changed our view of crypto investments, one of which is the "DeFi Summer" phenomenon. This phenomenon refers to a period where assets in the DeFi sector experience significant price growth. Let's explore more deeply what DeFi Summer is all about and which DeFi coins are considered to be the next moonbag candidates.
What is DeFi Summer?
DeFi Summer is a term used to describe a period of massive price increases in the DeFi sector, usually lasting four months. This phenomenon is often triggered by increases in the price of Ethereum, which is the basis for many DeFi projects. This increase not only signals the market's bullish attitude towards altcoins but also shows that the DeFi sector is becoming a prime target for crypto Venture Capital (VC). This VC brings liquidity from the traditional financial sector (TradFi) into blockchain technology, with the aim of improving service quality through technological innovation.
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DeFi itself offers various financial services through transactions such as lending, staking, swapping, and more, all operating on decentralized blockchain technology.
The increase in the DeFi sector can be monitored via the "Total DeFi Market Cap" chart available on platforms such as Tradingview
Source : Tradingview
11 DeFi Coins That Will Moonbag
The following are 11 DeFi coins that are considered to have significant growth potential, making them strong candidates for "moonbags" or investments that have the potential to provide very high returns, including:
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Jito (JTO)
Jito Labs seeks to address the scalability issue on the Solana blockchain, which is one of the crucial issues faced by many DeFi projects. By increasing transaction throughput and efficiency on Solana, Jito not only offers solutions for existing projects but also paves the way for new innovations in the DeFi ecosystem. The solution Jito offers enables faster and cheaper transactions, two important factors that will attract new users and developers into the Solana ecosystem and DeFi in general.
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Anchor (ANKR)
Ankr stands out by providing a decentralized Web3 infrastructure, which allows users to easily access the blockchain cloud. Ankr's solution not only makes participation in the blockchain ecosystem easier and more affordable but also supports the growth of DeFi by offering necessary services such as staking nodes and blockchain APIs. By lowering the barriers to entry, Ankr plays an important role in the wider adoption of DeFi.
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Jupiter (JUP)
Jupiter presents itself as a decentralized exchange aggregator that aims to simplify and optimize the user experience in digital asset trading. By finding the best trading routes among different DEXs, Jupiter increases efficiency and reduces transaction costs, which is critical in the DeFi ecosystem. This provides a competitive advantage in overcoming one of the main challenges in DeFi trading: slippage and high gas fees.
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Ether.fi (ETHFI)
Ether.fi has the ambition to become one of the innovators in the DeFi sector by developing tools and services that utilize blockchain technology to create new financial products that are fairer and more transparent. With a focus on interoperability and the use of smart contract technology, Ether.fi has the potential to deliver financial solutions previously inaccessible in traditional markets.
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TrueFi (TRU)
As a collateral-free lending platform, TrueFi offers a unique vision of how credit can be managed in the DeFi ecosystem. By leveraging user reputation and transaction history, TrueFi aims to build a decentralized credit scoring system that can increase transparency and security in lending. This paves the way for more inclusive and efficient financing in the DeFi ecosystem.
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Reserve Rights (RSR)
Reserve Rights supports Reserve, a stablecoin designed to reduce volatility and offer a stable exchange rate against the US dollar. By providing advanced stability mechanisms, Reserve Rights play an important role in ensuring that transactions in the DeFi ecosystem can be carried out with greater trust and security, which is a prerequisite for the mass adoption of blockchain and DeFi technology.
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Clearpool (CPOOL)
Clearpool introduced the concept of decentralized lending with separate liquidity pools, allowing investors to provide loans directly to borrowers without intermediaries. This offers a greater level of transparency and control for investors, while providing access to capital for borrowers. Clearpool's innovation strengthens the DeFi lending ecosystem by introducing a more flexible and efficient structure.
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Dexe (DEXE)
The Dexe platform offers an ecosystem where users can copy the best traders' strategies automatically. This allows even novice investors to participate in the DeFi market more effectively, relying on the expertise of more experienced traders. Dexe brings the concept of social trading to DeFi, making it more accessible and potentially increasing user engagement.
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MANTRA (OM)
MANTRA DAO uses blockchain technology to create a decentralized community that offers financial services such as staking, lending, and governance. With a focus on community empowerment and sustainability, MANTRA DAO strives to bring fair and transparent financial practices to the DeFi ecosystem.
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Raydium (RAY)
Raydium leverages the speed and efficiency of Solana to provide fast, low-cost Automated Market Maker (AMM) services. Integration with Serum DEX allows Raydium to offer superior liquidity and trade execution, attracting more users into the Solana ecosystem and DeFi in general.
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TokenFi (TOKEN)
Even though it is still new, TokenFi has the ambition to bring innovation in decentralized financial products and services. By focusing on creating new financial products and leveraging smart contract technology, TokenFi has the potential to introduce new ways of accessing and interacting with financial services.
Also Read How To Buy Crypto:
| Cara Beli Jito (JTO) | How to Buy Reserve Rights (RSR) |
| How to Buy MANTRA (OM) | Cara Beli Ankr (ANKR) |
| How to Buy MIOTA (IOTA) | How to Buy SOL |
Conclusion
DeFi Summer has proven itself to be a period of significant growth for the decentralized finance sector, attracting the attention of investors and venture capitalists. With the foundation built by Ethereum and supported by continuous innovation, the DeFi sector promises huge growth potential for the future. The coins mentioned above offer insight into the opportunities that exist within the DeFi ecosystem, each with a unique way of redefining the world of digital finance. For investors looking for the next moonbag, their eyes should be on these innovative DeFi projects.
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DISCLAIMER : This article is informational in nature and is not an offer or invitation to sell or buy any crypto assets. Trading crypto assets is a high-risk activity. Crypto asset prices are volatile, where prices can change significantly from time to time and Bittime is not responsible for changes in fluctuations in crypto asset exchange rates.
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