Decentralized finance (DeFi) continues to evolve and grow despite the broader altcoin market decline. DeFi was once limited to protocols such as Maker that offered basic debt transactions. Today, there are hundreds of different platforms that offer innovative ways to generate returns on digital assets. A 70% drop appeared in the crypto markets. However, DeFi has continued to move forward confidently in its evolution. Recently, DeFi researcher “DefiIgnas” highlighted seven upcoming trends for the industry.
“These 25 altcoins are standing strong”
The researcher analyzed major projects in the DeFi space and identified 25 altcoins. According to him, these 25 cryptocurrencies are likely to experience major developments and rises in the future. The analyst reached this conclusion by evaluating DeFi trends. cryptocoin.com we have prepared for you. Here are the DeFi trends going forward to watch out for.
Projects issuing new tokens
NEAR, TRON, and Waves recently announced that they have launched stablecoins. Other popular DeFi networks such as Aave and Curve are also planning to issue stablecoins. According to the analyst, this trend seems to continue in the coming period. Along with this, projects will launch vote deposit tokenomics (andTokenomics). In this model, altcoin assets will be staked to encourage long-term engagement. Currently, Yearn Finance plans to issue such tokens from Synthetix and PancakeSwap.
Decentralization and transparency
As altcoin projects provide financial sustainability, community and regulatory compliance, they will also seek to reduce their centralization. Also, several DeFi projects are already working on it, such as dYdX, Ren, The Graph, Lido, and Maker. The researcher also concluded that the transparency created by the teams is very different. Accordingly, Yearn Finance, Maker and Synthetix have very clear roadmaps, implementation details and excellent communications. But the researcher said that Uniswap was the “most closed one”.
Advanced use cases and tokenomics
Many DeFi protocols will completely overhaul how they work to keep up with markets and competition. Version 3s and 4s are the next development for Compound, Synthetix, Yearn and dYdX. DeFi protocols will need to interact with each other over multiple chains and networks. Also, more altcoins will be integrated with Uniswap’s concentrated liquidity in v3. For example, Kyber Network launched KyberSwap with similar features and multiple tiers of liquidity providers. Finally, the researcher noted that Compound, SushiSwap and Ren are working on multi-chain strategies. DeFi tokens will need to do more than just staking. It is therefore likely that advanced tokenomics will be introduced. Chainlink, PancakeSwap and Maker are planning to upgrade their tokens.
