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Author: Admin | 2025-04-28
Launch, the TVL in DeFi surged from $1 billion to over $10 billion in less than 3 months. Best Liquid Staking Project Liquid staking protocols became popular after Ethereum switched its consensus algorithm from Proof of Work (PoW) to Proof of Stake (PoS), which requires block validators to deposit 32 Ether that has to be locked during the staking process.Liquid staking platforms take the task of Ethereum block validators by pooling user deposits with no minimum threshold. On top of that, they offer so-called liquid staking tokens (LSTs) in exchange for the staked ETH, letting users put their ETH value to work and explore yield farming opportunities while staking. 7. Lido (LDO) Best Derivative Trading Platform DeFi derivative trading platforms enable users to trade tokenized derivatives that can represent traditional assets – fiat currencies, commodities, or bonds – as well as other cryptocurrencies. Some platforms, such as dYdX, offer perpetual futures, while others, such as Synthetix, support tokenized versions of other assets. Derive (formerly known as Lyra) is the best DeFi derivative protocol for DeFi options. 8. Synthetix (SNX) Token: SNXCategory: DerivativesMarket cap: $450mTVL: $238mSynthetix (SNX) is a trading platform on Ethereum and Optimism. It allows users to mint and trade synthetic assets (synths), which mimic the price of real-world and digital assets. By using the native SNX as collateral, users can generate synths like sBTC and sUSD, which track the price of Bitcoin and the USD, respectively. Best Cross-Chain Protocol Cross-chain protocols facilitate the movement of tokens from one chain to another, bringing interoperability to blockchain and helping the crypto market become less fragmented. 9. Stargate (STG) Token: STGCategory: Cross-ChainMarket cap: $60mTVL: $450mStargate Finance (STG) is a cross-chain liquidity protocol that allows users and dapps to transfer tokens between different chains, acting as a bridge. It can move native assets between 13 chains, including Ethereum. Best Yield Protocols DEXs and lending protocols enable users to earn passive income, but yield farming projects are specialized in finding the most rewarding opportunities in DeFi. 10. Convex Finance (CVX) Token: CVXCategory: YieldMarket cap: $195mTVL: $957mConvex Finance (CVX) is a DeFi protocol that
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