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#Top defi coin series#

Yet by checking the historical data on CoinMarketCap with WayBackMachine, it seems that Chainlink increases the circulating supply by 4-5% yearly. It appears there is no vesting or lock-up schedule for LINK. 35% allocated to node operators and the ecosystem.30% handled towards the company for continued development.Therefore, the Max Supply is the same as the total supply.Īccording to CoinMarketCap, the total supply of LINK is distributed as follows: The LINK token has a market cap of around $3.8 billion at the time of writing. So, we consider that Chainlink deserves its place among our top DeFi crypto projects.Ī few examples of notable projects using Chainlink oracles are Synthetic, AAVE, and KyberSwap. In the DeFi space, Chainlink makes a significant impact by facilitating other projects with oracles to ensure their functionality. It’s important to notice that Chainlink as a project was developed and evolved to the point that it’s giving grants to crypto initiatives deemed helpful to the ecosystem. Since 2019, Chainlink has grown exponentially, providing over 75 price feeds to 300 smart contracts and decentralized applications.

#Top defi coin series#

And the current leader in oracles is Chainlink.Ĭhainlink offers a decentralized data set through a series of oracles and smart contracts, providing a middle ground between real-world data and blockchain applications.

Many dApps in the crypto space need oracles to interact with different kinds of data.

Providing liquidity to various protocols.

Interact with Ethereum dApps and the top DeFi projects.

The price is always close to 1 USD, and they are minted and burned as the market evolves. The DAI token doesn’t have any type of scheduled vesting or inflation. That causes the supply and allocation to be dynamic. Allocation & DistributionĭAI tokens are minted by users that store in the collateral. The DAI token has a market cap of around $5.2 billion at the time of writing this article. The minting process is not managed by a centralized organization, as anyone storing collateral can mint DAI tokens. Also, the Decentralized Autonomous Organization keeps the stablecoin overcollateralized to ensure the pegging remains stable. While most decentralized coins did not perform well, DAI has grown in popularity and use by keeping a steady price close to 1 USD. The main difference between DAI and the other popular stablecoins is that DAI is fully decentralized and is integrated by hundreds of dApps and is one of the best DeFi investments.