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What is DeFi 2.0?
DeFi 2.0 refers to the next generation of decentralized finance platforms built on faster, more scalable blockchain networks beyond Ethereum. While DeFi 1.0 operates primarily on Ethereum, DeFi 2.0 leverages more advanced layer 1 and layer 2 networks like Solana, Avalanche, Polygon, BNB Chain, Arbitrum etc.
DeFi 2.0 aims to offer users significantly faster transactions, lower fees, enhanced interoperability between chains, and greater accessibility. This expands DeFi’s reach beyond just crypto enthusiasts to mainstream adoption. Leading DeFi 2.0 projects are building the foundation for the future of decentralized finance.
Why Invest in DeFi 2.0?
Investing in top DeFi 2.0 projects early on can provide several advantages:
- Early access to disruptive next-gen platforms before widespread adoption.
- Potential for much higher rewards and yield opportunities.
- Drastically lower transaction fees compared to Ethereum DeFi.
- Ability to use protocols seamlessly across multiple chains.
- More advanced DeFi infrastructure for complex financial services.
Although DeFi 2.0 comes with risks typical of emerging tech, it presents huge potential for the future of crypto.
Top DeFi 2.0 Projects to Watch
Here are some of the most promising DeFi 2.0 projects to research and consider investing in:
| Coin | Description |
|---|---|
| 🌐 Tectum (TET) | Developed by CrispMind, Tectum is a Layer 2 blockchain solution achieving 1.3 million transactions per second (TPS) without sharding, making it the world’s fastest blockchain. It introduces SoftNote for instant, cost-free, trustless crypto transactions and digital cash creation, aiming for a decentralized, frictionless monetary system. |
| 🔄 GMX (Arbitrum) | GMX is a decentralized trading platform on Arbitrum, an Ethereum layer 2, offering quick trades across numerous currency pairs with minimal slippage. Users can stake GMX or provide liquidity to earn rewards. GMX has merged its utility tokens into a simplified GMX governance and reward token. |
| 🎰 RLB (Solana) | RLB is the utility token for Rollbit, a crypto casino and trading platform. Users can stake RLB for chances to win a share of the casino’s profits through a lottery system designed to drive RLB demand. It can be traded on DEXs like Orca, Raydium, and Jupiter on Solana. |
| 📈 HMX (Arbitrum) | HMX (formerly Perp88) is launching a V2 to enhance decentralized perpetual trading with upgrades like leveraged market making, improved LP protection, and an expanded asset range. Moving to Arbitrum for its low fees and robust DeFi ecosystem, it will also launch a governance token. |
| ☀️ SummerFi (Multiple Chains) | SummerFi enables no-code DeFi automation across various chains like BNB, Polygon, and Avalanche, allowing users to create automated yield farming strategies without coding knowledge. |
| 🌐 Ethereum 2.0 (Eth2) | Ethereum’s transition to Eth2 will enable greater scalability, security, and sustainability via proof-of-stake, empowering DeFi 2.0 platforms built on Ethereum like Arbitrum. |
| 💹 Convex Finance (CVX) | Convex Finance enhances yields for stakers on Curve DEX by optimizing reward distribution and simplifies managing and tracking yields across DeFi protocols, unlocking enhanced earning opportunities. |
Tectum (TET)
Tectum, developed by cybersecurity firm CrispMind, stands out as a pioneering Layer 2 blockchain solution, notably overcoming challenges posed by networks like the Lightning Network. Achieving a remarkable 1.3 million transactions per second (TPS) without sharding, it’s recognized as the world’s fastest blockchain.
SoftNote, introduced by Tectum, enables instant, cost-free, trustless crypto transactions and generates digital cash, offering boundless scalability across blockchains and aligning with its vision of a decentralized, frictionless monetary system ensuring universal “equal opportunity.”
Beyond being the fastest blockchain, Tectum establishes a decentralized ecosystem of various products, safeguarded by the CrispMind team’s eight-plus years of cybersecurity expertise. It provides several tokens, including Tectum Emission Token (TET) and its ERC-20 and BEP-20 wrapped versions, each offering unique utilities like SoftNotes minting and merchant fee reduction, supported by clear tokenomics and diverse revenue paths, such as SoftNote minting and merchant terminal fees.
Tectum, with a future-focused roadmap featuring the launch of SoftNote and NFT marketplaces and cross-chain integration, has minted 1.4 million+ SoftNotes and attracted 45,000+ wallet holders. Positioned for substantial blockchain growth, especially with the integration of the T12 protocol into the Metamask wallet, Tectum enables users to transmit Bitcoin, Ethereum, and USDT at no charge.
For more information, check out their Pitch Deck, Website, Telegram, Twitter, Facebook, Tokenomics, and WhitePaper.
GMX (Arbitrum)
GMX is a decentralized spot and perpetual trading platform built on Arbitrum, an Ethereum layer 2. It offers fast trades across thousands of currency pairs with minimal slippage. Users can also stake GMX or provide liquidity to earn rewards.
GMX merged its previous utility tokens into a simplified GMX governance and reward token. By staking GMX, users can earn a share of platform fees and vote on proposals.
RLB (Solana)
RLB is the utility token for crypto casino and trading platform Rollbit. Users can stake RLB for chances to win a share of the casino’s profits. The lottery system is designed to drive demand for RLB.
Although not on major exchanges yet, RLB can be traded on DEXs like Orca, Raydium, and Jupiter on Solana. The total token supply is 5 billion RLB.
HMX (Arbitrum)
HMX (previously Perp88) is a rebrand launching a V2 to enhance decentralized perpetual trading. Upgrades include leveraged market making, improved LP protection, and an expanded asset range.
HMX is moving to Arbitrum for its low fees, growth potential, and robust DeFi ecosystem. It will also launch a governance token for protocol fees and adoption incentives.
SummerFi (Multiple Chains)
SummerFi enables no-code DeFi automation across chains like BNB, Polygon, Avalanche etc. Users can build automated yield farming strategies without coding expertise. This maximizes earning potential.
Ethereum 2.0 (Eth2)
Ethereum’s gradual transition to Eth2 will enable greater scalability, security and sustainability via proof-of-stake. This will empower DeFi 2.0 platforms built on Ethereum like Arbitrum.
Convex Finance (CVX)
Convex Finance boosts yields for stakers on Curve DEX by optimizing reward distribution. It also simplifies managing and tracking yields across DeFi protocols. CVX unlocks enhanced earning opportunities.
Evaluating Risks & Drawbacks
While the growth potential is immense, investors should be aware of the added risks:
- Nascency of platforms leads to higher failure rates
- Complex protocols have a steeper learning curve
- Requires deeper understanding of emerging ecosystems
- Heightened volatility typical of crypto markets
- Regulatory uncertainty remains for DeFi
In summary, DeFi 2.0 presents a huge breakthrough for decentralized finance, allowing it to reach mainstream adoption. By investing in top projects early, you can participate in and benefit from revolutionary changes in the crypto space.
Read also:
- Best Move-To-Earn Crypto To Invest In
- How To Earn Crypto On Mobile? Earn FREE Crypto on Your Phone
- Best Future Crypto Projects to Buy: Which Crypto Will Grow Fastest?
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