Home Cryptocurrency The Top DeFi Projects By Their Average Development In February

The Top DeFi Projects By Their Average Development In February

  • Generation Crypto is listing the top fifteen DeFi projects based on their average development activity in February.
  • A decentralized lending platform called the MakerDAO had suddenly risen to prominence amid the very impressive inclusion it’s own stablecoin called Dai.

We are listing the top fifteen DeFi projects based on their average development activity in February. Before we go into talking about the top fifteen projects of DeFi for February, let’s first get to know what DeFi actually is.

DeFi is also known as Decentralised Finance, and it has been making huge news over the past several months. It started making news following the sudden increase in the number of platforms and the products that started offering DeFi or Decentralised Finance services around the globe.

One such Decentralised lending platform called the MakerDAO had suddenly risen to prominence amid the very impressive inclusion it’s own stablecoin called Dai. Even though it is a huge platform, it is only a small part or subset of a growing ecosystem that is driving the unstoppable world of decentralized finance.

Essentially just a set of very conventional tools that have been built over the blockchain which is specifically Ethereum. These conventional tools are mainly predicated on open-source protocols, or they are made on very modular frameworks for creating.

They are issuing digital assets that have been designed to confer notable advantages of operating on a public blockchain type of resistance to censorship and also have improved access to financial services.

The top fifteen DeFi projects that have been filtered based on average development activity in Feb 2020 are as below:-

  1. Augur
  2. Metamask
  3. Maker
  4. Kyber
  5. Synthetix
  6. UMA
  7. Melon
  8. Xdai
  9. Ox
  10. Request
  11. Kava
  12. Akropolis
  13. Ren
  14. Loom
  15. Set Protocol

The only projects which saw over 50 percent of development were the top three and namely, Augur (98.7), Matamask(74.37) and Maker(50.7).

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Steve Anderrson
Steve Anderson is an Australian crypto enthusiast. He is a specialist in management and trading for over 5 years. Steve has worked as a crypto trader, he loves learning about decentralisation, understanding the true potential of the blockchain. Join the official channel of thecoinrepublic, For the latest news updates: https://t.me/thecoinrepublic

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