Alonzo’s update will begin on September 12th, and the hype around it has made $ADA growth around 1305% since January 2021.
Taking advantage of this Cardano projects milestone is by investing in $ADA. Also, another option is to join the Cardano ecosystem, which is about to explode. Investing in early-stage enterprises with modest market capitalizations has huge potential nowadays.
Just take a look at the difference between the number of companies around Cardano’s ecosystem in May and August 2021 in the picture above:
Over the course of three months, Cardano’s ecosystem grew to include more than 100 projects. Therefore, DeFi to NFT initiatives will continue this tendency to grow. That’s why in the first part of this article, you will discover the top 5 Cardano projects:
Nª1: ERGODEX
ERGODEX is a decentralized exchange that will allow for quick and effortless secure transfer of liquidity between Ergo and Cardano.
Therefore, AMM (automated market maker) and order book exchange concepts are combined, a feat that very few DEXs accomplish. For example, Uniswap and Pancakeswap are DEXs that have high-cost transactions and decentralization problems. However, ErgoDEX’s goals are being met fast, including resolving these problems.
On the other hand, ErgoDEX is in the beta version right now. Therefore, the beta AMM has tested approximately 1100 swap transactions. So, if you want to try the ErgoDEX AMM, open a Yoroi wallet.
Nª2: OCCAMFI
OccamFi’s mission is to become Cardano’s smart DeFi layer. For that, OccamFi brings users a suite of DeFi solutions that have been tailored for Cardano’s ecosystem. These tools range from launchpads, DEX tools to liquidity...
This article was first published on altcoinbuzz.io.
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Written by Deepika Garg from Altcoin Buzz.