So it has happened – Ethereum has completed The Merge. There has been so much hype about it online, that you’ve probably heard of it by now.🔥 But if you haven’t, you can read the basics here.
Though the price rally that many anticipated didn’t happen, The Merge has paved the road towards a more efficient, sustainable and functional future for the Ethereum blockchain.
And ETH will not be the only crypto benefitting from that – all of the tokens built on top of Ethereum’s ERC-20 blockchain became more efficient and sustainable too.
So to honor this important crypto industry milestone, we decided to bring you a list of the top 5 important Ethereum-based tokens.
Without further ado, let’s start with…👇
Uniswap (UNI)
Image source: Uniswap.org
Uniswap is the largest decentralized crypto exchange on the Ethereum blockchain – the platform boasts a trade volume of over $1.1 Trillion! 😯
Uniswap and its own UNI token are all about utility. Listen to this:
- UNI is earned by people by providing liquidity on the Uniswap platform.
- Uniswap keeps trading automated and aims to keep trading more efficient than on traditional exchanges
- UNI is a governance token – it’s used for voting on decisions about how the platform is run.
And in addition to all that, Uniswap grows as the DeFi sector grows, which makes many people believe in its potential as an investment opportunity. 😏
MakerDAO (DAI)
Image Source: zipmex.com
MakerDAO functions somewhat like a bank – that is it allows you to take loans in DAI, the platform’s own token.🏦
But unlike a traditional bank, MakerDAO is a fully decentralized organization – it is governed in a democratic way by its own users.🤝
The MakerDAO operates by letting people take loans in DAI by using other cryptos as collateral. These loans are all “overcollateralized”, meaning that you put in more crypto than you can take out.
So why would anyone want it?🧐
In essence – it gives investors access to a US Dollar-backed stablecoin (DAI) without having to sell their Ethereum. This is handy when using yield farms or other lending platforms – you can get higher returns for stablecoins than for ETH.
This utility makes DAI the fourth most popular stablecoin on the market as well as one of the most used cryptos right now!
So if you are looking for a stablecoin or are getting into yield farming, DAI token is definitely something to consider. 😉
Aave (AAVE)
Image source: coingape.org
Aave is a non-custodial decentralized protocol that lets investors lend, borrow and stake a multitude of different cryptos.
Lenders can earn interest by putting their assets into special liquidity pools. The provided liquidity is then used by borrowers when they take out loans using these liquidity pools.
A unique experimental feature that Aave provides is the flash loan system. This feature lets people take out a loan without providing any collateral. The only catch is that it has to be paid back within the same transaction.😯
Future-oriented mindset, great utility and a big number of supporters is what makes AAVE one of the most important projects on the ERC-20 blockchain.
Decentraland (MANA)
Image source: themediaverse.com
Decentraland is a platform where users can buy, sell and manage virtual reality applications. And not only that, they can also experience all of that in a futuristic way.
It uses a native token known as MANA for purchasing in-game items, services and plots of LAND. And LAND is actually the in-game real estate that you can build upon. 🏠
Decentraland unites individuals, content creators as well as businesses on one platform. On it, they can create, get entertained as well as find business opportunities.
You might have also heard the term “Metaverse” – it was coined by Decentraland and means the world that the platform comprises. 🌐
And since it’s one of the first and most innovative platforms of this kind, many believe in the big future for Decentraland and MANA.
Chainlink (LINK)
Image source: chain.link
Chainlink is oftentimes referred to as one of the pioneering networks. It facilitated the off-chain data integration of smart contracts. It was originally constructed back in 2019, and it may just change the way we invest as a whole.
It does this through a network of nodes known as the Chainlink Nodes. These nodes are used to monitor data from a real-world event and integrate it into smart contracts.
Chainlink is now one of the biggest players in the field of data processing. It works with some of the biggest data providers in the world and helps power some of the leading DeFi platforms, such as Aave. 🤝
And since the DeFi industry is growing, many predict big growth for Chainlink in the future as well. 📈
With its utility and big partners, Chainlink is truly one of the most important projects on the Ethereum blockchain right now.
Conclusion
As you can see, Ethereum blockchain is thriving with solid, high-utility projects that may be worth looking into for investment opportunities. 💵
And with the successful move to the proof-of-stake architecture, we can not only hope for these to keep growing, but for the many young ERC-20 projects to follow in their footsteps.
And if you are thinking about investing into any of these tokens, make sure to check out Guardarian.
With us you can buy over 300 different cryptocurrencies – with no registration and no hidden fees! 🤯
Just choose what you want to buy and how you want to pay, and your crypto will reach you in a fast and secure manner.
So come check us out at www.guardarian.com and invest in what’s important to you today! ✨
