- The ontology includes ONT ID, a mobile digital ID application, and DID use.
- DeFi yields are increased for Curve liquidity suppliers and CRV stakes.
Let us look at the top 3 Projects with a Market Capitalization of $620M – $850M as of 19 November 2021 as per CryptoDep.
dYdX (DYDX)
DYDX is the governance token, and it lets traders, liquidity providers, and dYdX partners collaborate on a better protocol. Moreover, to improve the user experience, DYDX provides sophisticated governance, rewards, and a staking environment.
According to CoinMarketCap, the dYdX price today is $13.80 USD with a 24-hour trading volume of $289,897,226 USD. dYdX is up 17.33% in the last 24 hours. dYdX ranks number one in terms of market capitalization with $850M as per CryptoDep.
Ontology (ONT)
Ontology is a high-performance open-source data and identity blockchain. Ontology’s unique architecture facilitates cross-chain cooperation and Layer 2 scalability, allowing enterprises to customize their blockchain.
Ontology launched without an ICO, opting for a series of community distributions and airdrops of its ONT cryptocurrency, which originated as a NEP-5 token on the NEO network.
According to CoinMarketCap, the Ontology (ONT) price today is $0.979382 USD with a 24-hour trading volume of $111,467,088 USD. Ontology is up 5.37% in the last 24 hours. ONT ranks number two in terms of market capitalization with $828M as per CryptoDep.
Convex Finance (CVX)
Convex Finance (CVX) is a DeFi system based on Curve Finance’s stablecoin exchange. DeFi yields are increased for Curve liquidity suppliers and CRV stakes.
Convex’s aggressive efforts to lock up Curve liquidity have driven the protocol into a DeFi battle with Yearn Finance. Both projects require CRV coins to keep raising Curve LP interest rates. Furthermore, by default, any DeFi protocol absorbing that liquidity would be massive, which is why Yearn and Convex are clashing.
According to CoinMarketCap, the Convex Finance price today is $22.96 USD with a 24-hour trading volume of $20,742,950 USD. Convex Finance has been up 8.77% in the last 24 hours. CVX ranks number three in terms of market capitalization with $820M as per CryptoDep.
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