In 2021, AVAX had a successful year with an increase of more than 2800% in 12 months. As a result of this growth, there are 160 projects participating in the Avalanche ecosystem today. In this article, let’s take a look at 5 projects from analyst Martin Bilusic’s list, keeping in mind that the estimates are not precise.
5 low-volume altcoin projects based on AVAX
The first Avalanche project, Libre DeFi, is a yield aggregator system and decentralized AMM. It also collects liquidity from a single point to make the cross-chain economy more accessible to DeFi users. Apart from Avalanche, the platform can also be used on PolyGon and Binance Smart Chain.
The second-ranked AVME is a decentralized security protocol that can be used for protection. It does this by integrating two Blockchain compatible technologies. These are Sandbox nodes and virus detection via artificial intelligence/machine learning.
Domani Protocol is a decentralized cryptocurrency management technology that allows you to invest in various assets at low cost and with ease. In addition, Domani is designed for DeFi to trade value faster without losing ownership capacity.
Snowball DeFi is Avalanche based DeFi protocol. Like other platforms, it offers a wide range of innovative products that benefit the ecosystem. This platform has the following features:
- Merge: Allows customers to earn more rewards by re-depositing rewards.
- StableVault : This is an AMM for trading stablecoins and stablecoins aimed at accelerating growth.
- Staking
- NFT Marketplace
Snowball’s governance token “SNOB” is usually distributed to Liquidity Providers or Snowball participants. On the other hand, when locking SNOB, users get xSNOB for voting on new offers and earning increased SNOB rewards.
cryptocoin.com Verso Finance, the last Avalanche project on the list we quoted as, helps users connect centralized and decentralized finance industries. For this reason, it has established a standard for how products are presented to customers. To achieve this, Verso Finance’s primary method is wallets and bank accounts.
- Finally, VSO is Verso Finance’s native token and is currently trading at $0.07074 with a market cap of $4 million. It is also listed on Pangolin, Gate.io, Trader Joe and Lydia Finance.
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