Top Trending Crypto Coins on DEXTools - Pendle, AiDoge, Synthetix

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The recent worsening economy has sent investors scrambling for a way out. It is expected for these traders to seek shelter in cryptocurrencies. These assets, however, are pretty volatile, leaving investors stuck. Despite the crypto winter, the trending cryptos on DEXTools feature coins that are still standing strong.

Several cryptocurrencies are developed in a day. These many options have led traders to seek assurance in their investment choices. Some of these digital assets offer a way for investors to bounce back from their previous losses. Others may not perform up to their expectations. Therefore, investors must be able to identify profitable and non-profitable cryptocurrencies.

1. Pendle (PENDLE)

Pendle facilitates permissionless yield trading, offering users the ability to implement a variety of yield-management strategies. It has three key components: Yield Tokenization, PENDLE AMM, and vePENDLE.

First, Pendle wraps yield-bearing tokens into SY (standardized yield tokens). These are compatible with the Pendle Automated Market Maker (AMM). This involves splitting SY into its principal and yield components, resulting in PT (principal token) and YT (yield token). This process, known as yield tokenization, effectively separates and tokenizes the yield into a distinct token.

Pendle’s core engine is its AMM, where PT and YT can be traded. Although understanding the AMM is not a prerequisite for trading PT and YT, it is integral to Pendle’s functionality.

By introducing a yield derivative market into the decentralized finance (DeFi) space, Pendle brings the traditional financial interest derivative market. With a notional value exceeding $400 trillion in DeFi, the market is accessible to all participants.

Pendle’s yield market in DeFi unleashes the full potential of yield, empowering users to execute advanced yield strategies. Users can earn a fixed yield on tokens like stETH. They can speculate on the increase in yield for tokens such as stETH by acquiring more gain. Furthermore, users can provide liquidity using tokens like stETH, earning additional yield without incurring other risks.

Overall, Pendle revolutionizes DeFi by offering a platform for executing sophisticated yield strategies. As one of the top trending cryptocurrencies, Pendle enables users to maximize their yield potential.

2. AiDoge (AI)

Here is another top trending crypto. Users can experience an AI-driven meme generation on the AiDoge platform, which adjusts to the dynamic crypto world. By employing advanced AI technology, it generates memes that align with user-provided text prompts. To access our AI-powered meme generator, individuals can acquire AiDoge crypto token $AI and exchange them for credits.

AiDoge’s meme generator utilizes state-of-the-art AI algorithms to produce contextually relevant memes. These algorithms are trained on extensive memes and crypto news datasets, guaranteeing the delivery of high-quality and current memes.

Users of the AiDoge ecosystem can stake $AI to earn daily credit rewards and gain access to various platform features. Staking plays a crucial role in ensuring long-term engagement and maintaining platform stability.

Within AiDoge, the public wall is a dynamic space where users can view and share AI-generated memes. The wall incorporates filters and sorting options. It lets users browse memes based on popularity, recency, or specific themes.

AiDoge provides an innovative solution for generating memes by harnessing cutting-edge AI technology, user-friendly prompts, and a credit system based on tokens. This approach revolutionizes the meme creation process and fosters the growth of a vibrant cryptocurrency community. To access our AI-powered meme generation platform, users can purchase $AI tokens.

3. Synthetix (SNX)

Synthetix is a protocol that provides decentralized liquidity. It operates on the Ethereum blockchain and utilizes Optimistic Ethereum as a layer two scaling solution. The protocol secures synthetic assets and related products by having stakers lock Synthetix Network Tokens (SNX) in a staking contract. This action enables the issuance of synthetic assets, known as synths.

Using a pooled collateral model, users can directly convert synths with the smart contract, eliminating the necessity for counterparties. This mechanism effectively resolves liquidity and slippage problems encountered by decentralized exchanges (DEXs).

Synthetix leverages its liquidity to enable various derivatives and on-chain financial instruments. Protocols integrate two types of synthetic assets to construct on-chain derivatives. Instead of operating user-facing front-ends for trading, the Synthetix Protocol is a backend liquidity provisioning tool. It supports DeFi applications that users interact with directly. Numerous protocols are now utilizing this capital and generating trading fees for stakers.

Utilizing fully decentralized off-chain oracles and Synthetix liquidity ensures deep liquidity and low fees, benefiting all supported markets. The decentralized governance process determines and updates the wide range of synthetic assets supported by Synthetix Perps.

Integrators, who process the fees, receive a portion of the costs based on the volume in $SNX. They are entitled to 10% of the first $1 million in fees, 7.5% for fees between $1 million and $5 million, and 5% for payments exceeding $5 million. Protocols have the discretion to utilize these rewards according to their preferences.

The supported markets leverage up to 50x on the protocol, making Synthetix Perps remarkably capital-efficient. Integrators and related Synthetix protocols form a vibrant ecosystem that offers feedback, conducts early testing, and provides support.

Hot pairs on DEXTools

4. Pepe 2.0 (PEPE2.0)

PEPE acknowledges the errors he committed in the past. These include blacklisting certain investors and launching the project on a weekend when individuals were enjoying their leisure time with loved ones. He is determined to rectify these missteps and embark on a new journey toward achieving a billion-dollar success. PEPE has transformed into a new and improved version of himself, now known as PEPE 2.0.

Pepe has grown weary of observing everyone engaging in a game of hot potato with the ceaseless derivative coins. The Inu coins have had their moment. It is time for the most widely recognized meme worldwide to ascend as the supreme ruler of memes.

This project arrived to revive the glory of meme coins. It had a stealthy launch without any presale, zero taxes, a burnt liquidity pool, and a renounced contract. $PEPE emerges as a coin crafted for the people, eternally, and one of the top trending cryptos. Propelled by the sheer force of memetic power, $PEPE illuminates the path for its users. Taxes are nonexistent, and unnecessary complications are eliminated. The concept is straightforward.

The liquidity pool received 93.1% of the tokens, LP tokens were destroyed, and the contract was relinquished. A multi-signature wallet holds the remaining 6.9% of the supply exclusively for future utilization. This portion will be tokens in centralized exchange listings, bridges, and liquidity pools.

5. Philosoraptor (RAP)

The team behind Philosoraptor is in the process of constructing a pack called the Philosoraptor pack. It is open to all individuals, including thinkers, dreamers, meme enthusiasts, and crypto enthusiasts. They invite everyone to join their endeavour, where they contemplate life’s most profound questions. Interested parties can do this while experiencing the ups and downs of the cryptocurrency market.

While casually browsing memes one day, the project’s developers stumbled upon Philosoraptor, their green, claw-handed friend. This encounter sparked an idea in their minds. They decided to create a meme token dedicated to this beloved dinosaur character.

Recognizing the immense popularity of Philosoraptor, they believed that this token could achieve great success, perhaps even reaching the moon. Thus, they combined their passion for memes and cryptocurrency to bring forth Philosoraptor Token. While primarily designed for amusement, they hope that with the support of their pack, RAP could become a top trending crypto.

Traders should remember that this project is all about enjoyment and entertainment. Users can have a good time, stay knowledgeable, and aspire to reach new heights.

What Might Be The Next Top Trending Crypto?

The top trending coins on DEXTools are indeed impressive. However, other coins have been shaking up the crypto industry. Presales generally gather public interest in an upcoming token before it reaches crypto exchanges.

Ecoterra, a promising cryptocurrency, is poised to attract significant attention in the digital realm. Addressing the urgent need to combat climate change, caused by escalating environmental degradation and undeniable global warming, remains a priority.

Numerous innovations are focused on tackling these challenges, but the Ecoterra platform stands out with its unique combination of utilities. It effectively fights climate change while incentivizing participants with cryptocurrency rewards.

This eco-conscious project aims to amplify the importance of recycling as a global industry. With the innovative recycle-to-earn (R2E) model, the platform encourages members to engage in ecological actions. They are rewarded with ECOTERRA tokens.

The R2E-based app includes a carbon offset marketplace, enabling recycling and production-based companies to trade recycled materials using $ECOTERRA. Users also have access to a green profile to track their ecological impact.

Renowned production companies like Heineken and Pepsi have partnered with this exceptional green platform. They have integrated their products into the app’s extensive database of scannable materials. Users participate by sourcing and recycling products such as plastic, aluminum cans, and glass bottles. They earn ECOTERRA tokens for their recycling efforts.

Investors can take advantage of the current low price of ECOTERRA tokens, valued at $0.01 per token. By investing now, they can realize substantial returns in the future. The project has already raised over $5.7 million, positioning the ECOTERRA token as an excellent choice for investors.

Visit Ecoterra.

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