DeFi has grown steadily over the past year thanks to the solid foundation built by the Decentralized Exchange (DEX) which provides easy access to the latest codes and projects.

While there have been previous iterations of the DEX user interface such as IDEX or Etherdelta, trading on the DeFi network only took off after the launch of Uniswap, making it easier to release financial tokens.

Here are six of the best tokens of the decentralized financial sector.

Uniswap has gone from humble beginnings with a simple user interface that allowed for token exchanges between two ERC-20 tokens, to a thriving DeFi hub that is now experiencing an average daily trading volume of $ 1 billion and $ 3.95 billion in protocol blocked liquidity.

Initially, the Uniswap platform was operating without its own token and the fees collected were converted into a liquidity pool, but after the launch of the competing platform SushiSwap (SUSHI), which offered the same Uniswap interface on it. Time, but SUSHI control code is also included.

After being released and subsequently listed on several leading exchanges, UNI quickly rose above $ 7 and corrected to $ 1.93 on November 4.

Since then, UNI has continued to climb to a new permanent high of $ 32.50 on Feb 20.

The excitement continues surrounding the release of Uniswap v3 and the opportunity for token owners to invest in their UNI units and charge some fees in paying the order and price of the tokens.

Sushi / USDT
SushiSwap has a controversial origin story, from the Uniswap clone to the main developer throwing their tokens on the market and then donating all the money to developing the project, but has since become a leader in DEX in terms of community engagement and tokens. price.

Management and effort were among the early steps SUSHI owners took advantage of, as well as increased incentives for early liquidity providers, which some have called a “vampire attack” on Uniswap.

After listing, SUSHI’s price increased from $ 1.16 on August 29 to $ 8.84 on September 1, but the open market dump of master developer Chef Nomi’s token caused SUSHI to drop to $ 0.475 on Day 4. November.

Since then, SUSHI’s price has risen by more than 4.080% to a high of $ 19.77 on February 20, and SushiS is ranked sixth in the DeFi platform’s ranking for total closed value of $ 3.56 billion (TVL), the time it currently provides liquidity. For the protocol.

KAKE / Dollar
PancakeSwap (CAKE) saw significant price increases in the first two months of 2021 as the project evolved into a competitive DEX venture and the first billion dollar venture at Binance Smart Chain (BSC).

The higher fees on the Ethereum (ETH) network opened the door for BSC to shift liquidity and users away from their best Ethereum-based competitors, and CAKE has taken steps to facilitate this process.

The protocol offers an extensive list of betting combos, farming opportunities, the built-in holdings and lottery division, and touches on many of the hottest cryptocurrency trends other than it being the DeFi platform.

Until the end of January 2021, CAKE was typically trading below $ 0.70, with a low of $ 0.194 on November 3, 2020. The token’s price action began to pick up in the last week of January, around the same time that traders were off / triggered. Wallstreetbets wreak havoc on traditional markets.