Bitcoin price hits late-2020 levels as crypto market suffers fresh

Top 3 Cryptocurrency Exchange Blue Chip DeFi tokens to buy for the long term

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Since 2022, It’s total value locked-down (TVL) has decreased from over $180 billion to just over $54 billion, Decentralized Finance (DeFi) has had difficulty. Similar to Uniswap, Maker, Spell Token, and SushiSwap, other DeFi tokens have also crashed. The greatest blue chip crypto coins for long-term investment are those. Here some Cryptocurrency Exchange Blue Chip DeFi tokens will be profitable to buy for the long term

Cryptocurrency Exchange
Jasien, Poland, 18 February 2021: Golden bitcoin replica on computer circuit board. This file is cleaned and retouched.

Uni swap (UNI)

The biggest decentralised exchange (DEX) in the world, Uniswap, transacts billions of dollars every day. It is a platform that allows users to exchange bitcoins in a decentralised fashion.

Uniswap has endured a difficult year as bitcoin values have plummeted, much like other exchanges. The amount of coins it handles everyday has fallen to around $300 million as a result. At its height, the network handled billions of dollars’ worth of coins each day.

Total Value Locked (TVL) for Uniswap fell from nearly $9 billion to around $5.2 billion. This year, the UNI has decreased by more than 85%. The Uniswap price may perhaps increase in the upcoming months, though.

Maker (MKR)

Another renowned DeFi protocol in the blockchain sector is Maker (MKR). With a TVL of more than $7.4 billion, it is the largest DeFi platform in the world. Maker had a TVL of around $20 billion at its height. Additionally, Maker only exists in one chain—Ethereum—unlike other DeFi protocols.

Maker is renowned for offering Dai, a stablecoin. An algorithmic stablecoin named Dai is worth more than $6.7 billion. Users can deposit the stablecoin on exchanges and utilise it as an investment to generate profits in addition to making payments.

Due to its substantial market share in the industry and stable environment, Maker is an excellent blue chip token.

Purchase Maker 

eToro

Along with crypto/fiat and crypto/crypto pairings, eToro provides a broad selection of cryptocurrencies, including Bitcoin, XRP, and others. Users of eToro may interact with, pick up knowledge from, and copy from one another.

Bit Stamp

Leading cryptocurrency exchange Bitstamp allows customers to trade major cryptocurrencies or fiat money. Bitstamp is a fully licenced business that offers customers a user-friendly interface, high levels of protection for their digital assets, first-rate customer assistance, and a variety of withdrawal options.

Aave (Aave) 

In the decentralised financial (DeFi) sector, aave is a top platform. It is a platform that makes it possible to save and borrow money in an effort to replace banks. Users make a refund after depositing their tokens.It also offers a non-custodial setting where individuals can borrow money and repaid it with interest. 

Aave now has more than $8.3 billion locked up over 7 networks, including among others Ethereum, Avalanche, Polygon, and Optimism. Aave is a solid blue_chip DeFi cryptocurrency to invest in because of its large market share and rapid user development.

Ways to purchase Ave 

eToro

Along with crypto/fiat and crypto/crypto pairings, eToro provides a broad selection of cryptocurrencies, including Bitcoin, XRP, and others. Users of eToro may interact with, pick up knowledge from, and copy from one another.

Bit Stamp

Leading cryptocurrency exchange Bitstamp allows customers to trade major cryptocurrencies or fiat money. Bitstamp is a fully licenced business that offers customers a user-friendly interface, high levels of protection for their digital assets, first-rate customer assistance, and a variety of withdrawal options.

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