CakeDeFi is gaining popularity in the cryptocurrency space. It enables anybody to stake their cryptocurrency and begin generating passive income quickly. Today, the platform is most recognized for its easy-to-use design and transparency. Furthermore, CakeDeFi is an innovative concept for…
The decentralized Finance (DeFi) sector has been growing higher since October. Recent charts have shown the values reaching all-time highs in terms of liquidity kept on these protocols. According to Defi Llama, Total Value Locked (USD) has reached a new…
Decentralized exchanges are crypto exchanges that do not need to be governed by a third party. Anyone can trade on DEX, with only the need to link their wallets. Uniswap, SushiSwap, and PancakeSwap are a few examples. However, these exchanges…
For years, a vast amount of crypto trading has occurred on centralized exchanges like Coinbase and Binance. They provide quick settlement, huge trade volumes, in addition to high liquidity. The DeFi ecosystem intends to replace these centralized intermediaries in financial…
Most tokens on blockchains serve as a currency, a store of value such as gold, or a type of stock or equity. With the ERC-721, generating tokens that could be collected like a digital cat or used to symbolize something…
On June 14, 2021, the Lightning network reached a milestone of 1,500 Bitcoins, worth more than $60 million. There are already over 12,000 active nodes on the network, with 50,300 channels connecting them all. Moreover, this year has seen a…
ERC20 is a standard that allows developers to build their cryptocurrencies on the Ethereum network. It has made it easier for businesses to establish their blockchain services rather than creating their own blockchain starting from scratch. Startups are benefiting from…
Rather than depending on traditional buyers and sellers in a market, Automated Market Maker uses liquidity pools to make the DeFi ecosystem liquid high all the time. When Uniswap started in 2018, it was the first decentralized marketplace to effectively…
PancakeSwap is more than another DeFi protocol with a food theme. It is the leading DEX on Binance Smart Chain. Binance Smart Chain is run by the world’s largest centralized cryptocurrency exchange, i.e., Binance. SushiSwap, Yam Finance, BakerySwap, Pasta Finance,…
If we are just getting started with cryptocurrencies, we have heard of wallet services, which enable us to store our funds online/ offline. MetaMask and Trust Wallet are two of the most popular crypto wallets among traders and hodlers. As…
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