Uniswap and Jupiter are redefining token trading with permissionless access, optimized routes, and governance-based market systems
Chainlink makes it possible to safely exchange data among smart contracts, opening the door to real-world DeFi and insurance opportunities et cetera.
The digital platform Decentraland introduces property rights and provides rich interactions through tokenized real estate.
As more people use blockchain, some projects are helping to shape a big rise in the industry market. Using smart automation, real data, and digital assets, Uniswap, Jupiter, Chainlink, and Decentraland are shaping the future. Not only do these platforms drive DeFi and the Metaverse, but they are guiding the way people use, invest, and construct new things in Web3. Since utility, scalability, and decentralization are important to these systems, they are expected to do well when the crypto market grows.
Uniswap(UNI): Enabling Automated DeFi Trading\
Source: CoinMarketcap
Uniswap’s protocol for trading crypto is important in the decentralized finance sector because it automates token transactions bypassing the use of regular order books. Since Uniswap is an AMM, anyone can offer liquidity through smart contracts and exchange ERC-20 tokens straight from their wallets.
UNI as its governance token in 2020 was a significant change for Uniswap. The protocol’s community now has the power to vote on changes and future improvements because UNIs give them voting rights.
Uniswa, trading is open to everyone, and anyone can post their token pair for exchange.
Jupiter(JUP): Aggregating Liquidity on Solana
Source: CoinMarketcap
Jupiter collects liquidity and brings it to Solana, all while boosting the efficiency of trading in decentralized spaces. Liquidity for the platform is gathered from several decentralized exchanges (DEXs) to help users select the best way to swap their tokens.
There are several tools from Jupiter that help optimize your trading strategies. With Limit Orders, Dollar-Cost Averaging (DCA) and Time-Weighted Average Price (TWAP) execution, you can design your own plan for trading. Thanks to these tools, traders can respond well to sudden shifts in the market.
Solana DeFi space relies heavily on the infrastructure of the platform which connects to many different decentralized applications. Jupiter and Sanctum are working towards providing practical daily uses for cryptocurrency by creating a SOL debit card that lets users spend their SOL with merchants all over the world.
Chainlink(LINK): Bridging Smart Contracts With Real-World Data
Source: CoinMarketcap
Chainlink connects smart contracts to decentralized sources of data. Chainlink enables smart contracts to use data from the real world such as prices, events and payment channels, to apply their terms outside of blockchain.
Chainlink was launched and is now supported by a wide community open to all data providers, developers, security experts and research teams. Chainlink’s architecture ensures that blockchain networks are able to use the oracle services and maintain consistency with each other.
Decentraland(MANA): Tokenizing Virtual Real Estate
Source: CoinMarketcap
Decentraland, you can purchase digital land, develop it and make money online with blockchain. Every parcel of land on the Xanax network is special because it is an ERC-721 NFT which allows owners to trade it on Ethereum.
Within the virtual universe, people can manage, modify and enjoy land they purchase, made up of thousands of parcels called LANDs which support entertainment, e-commerce and communication for virtual meetings. This situation has opened up new ways for developers and creators to communicate with users and earn money.
Decentraland, MANA allows people to own their assets and take part in platform decision-making. Those who own Land and have the token can take part in deciding changes and proposals on the platform. It is made to support single creators, business organizations and social activities in a world controlled by users.
