Join Our Telegram channel to stay up to date on breaking news coverage
The simplest way to invest in crypto assets is through decentralized exchanges (DEX), Some of these exchanges have the best DEX coins to buy for high profit.
This article outlines some of the best DEX coins you can invest in for long-term gains.
1. Lucky Block (LBLOCK)
One of the best DEX coins to buy for high profit is Lucky Block. At press time, LBLOCK is trading at $0.002741 with an increase of 0.3 % in 24 hours.
Lucky Block seeks to enhance gaming transparency by developing a lottery system. Every user will have a higher chance of winning while also providing token holders with a sound investment plan and a way to give back to the community. Low margin operations will also allow players to participate in lotteries that match their risk appetite for greater chances.
Recently, Lucky Block’s first NFT collection, the Platinum Rollers Club was released. The goal of Lucky Block’s initial collection of 10,000 NFT pieces is to unlock the full potential of the technology that powers NFTs by giving the blockchain more utility than just transferring ownership. Lucky Block also launched
The Android app for crypto gaming platform Lucky Block went live in the Google Play Store recently. Users can easily download and test its lotto-style game worldwid
2. Uniswap (UNI)
The largest decentralised exchange on the Ethereum network, Uniswap, is second on our list of DEX coins to buy for high profits. At press time, UNI trades at $11.80. In the last 24 hours, The digital asset has gained 1.38 % with $362,213,292 in 24-hour trading volume.
On the Ethereum blockchain, Uniswap is the largest decentralized exchange (or DEX). Users can exchange cryptocurrency without the necessity of a middleman.
The Automated Market Maker methodology was pioneered by Uniswap, in which users give Ethereum tokens to Uniswap’s “liquidity pools,” and algorithms establish market prices based on supply and demand.
Users can earn incentives while allowing peer-to-peer trading by supplying tokens to Uniswap liquidity pools. Users can trade tokens, supply tokens to liquidity pools, or even develop and list their tokens.
Furthermore, Euler finance, a non-custodial protocol on Ethereum that allows users to lend and borrow almost any crypto asset, announced the launch of Uniswap Oracle Attack Simulator on Twitter. The attack simulator’s purpose is to serve as an internal tool for the Euler programming team to keep track of the dangers associated with the lending and borrowing pools on the platform.
3. THORChain (RUNE)
Next on our list of DEX coins to buy for high profit is THORChain. At press time, RUNE is down 4.29% at a price of $11.62 with a 24-hour trading volume of $316 million.
THORCHain is a decentralized liquidity protocol that lets users effortlessly swap digital currencies across many networks while maintaining complete custody of their assets.
Users can swap one asset for another in a permissionless environment with THORChain, eliminating relying on order books to source liquidity. Instead, market values are maintained by the asset-to-asset ratio in a pool.
THORChain employs a unique approach to help mitigate “impermanent losses,” or the often transient losses that a liquidity provider may incur when contributing to liquidity pools. It accomplishes this by charging a slip-based fee to ensure that liquidity is kept where it is needed.
According to THORChain contributors, the capability for Dogecoin has been fully integrated into the cross-chain liquidity protocol. As a result, DOGE liquidity pool is now operational, allowing users to trade and profit. THORchain has offered the first DeFi protocol link to the solo DOGE blockchain network, which will delight Dogecoin holders.
Furthermore, the inclusion of Terra (LUNA) into the THORChain protocol has aroused the RUNE community’s curiosity. The platform can now support all Cosmos-based projects due to this integration.
The Terra integration brings the LUNA token and the TerraUSD (UST) stablecoin to the THORChain ecosystem, giving users more options for trading and staking.
4. PancakeSwap (CAKE)
PancakeSwap is also one of the best DEX coins to buy for high profits. CAKE, PancakeSwap token, is a BEP20 token that first debuted on Binance Smart Chain. PancakeSwaplets users trade tokens while also providing liquidity and earning fees.
At press time, The price of CAKE is $9.47 with a 24-hour trading volume of $405 million. In the last 24 hours, PancakeSwap has gone up by 4.53%.
CAKE DeFi, a crypto fintech platform, has invested $100 million in Cake DeFi Ventures (CDV). CDV will focus on investing in creative enterprises in Web 3, the metaverse, non-fungible tokens, gaming esports, and finance.
PancakeSwap also revealed the launch of the PanacakeSwap Mini Program on the Binance mobile app. This program will be able to extend its user base, liquidity, trading volume, and impact within the BNB Smart Chain (BSC). PancakeSwap is the first DeFi within the Binance ecosystem to launch a Mini Program by using the first version of the Binance DeFi Wallet.
5. SushiSwap (SUSHI)
The last on our list of best DEX coins to buy for high profit is Sushiswap. At press time, SUSHI’s price is $4.61, down by 0.05% with a 24-hour trading volume of $408 million.
SushiSwap is a decentralized exchange (DEX) that runs on the Ethereum blockchain. This platform uses smart contracts to create liquidity pools, allowing users to exchange crypto assets directly with no intermediary. Users can also become liquidity pool providers, exchanging an equivalent value pair of two cryptocurrencies for prizes whenever the pool is used.
Its main target audience is DeFi traders and related companies aiming to profit from the project token boom by creating liquidity. The platform takes a 0.3% cut of all transactions in its liquidity pools, and its SUSHI token is used to reimburse users for a fraction of those fees.
Recently, SushiSwap has proposed integrating Stargate to make native asset swaps and transfers between networks easier. By allowing customers to transfer between networks, the new upgrade will help investors unlock the power of Sushi.
SushiSwap adoption and on-chain activity may be boosted due to the Stargate integration, which provides investors with quick, guaranteed finality and unified liquidity.
According to the announcement, combining various networks could increase the number of Sushi pools available. It will support seven networks at first, then expand until SUSHI has a high total value locked in, giving investors a better return on their investment.
Read More:
Join Our Telegram channel to stay up to date on breaking news coverage
