The DeFi sector is a competitive space and has grown immensely in recent months. Two DeFi tokens that analysts have picked to herald the sector are Uniswap and Pullix. Surprisingly, analysts have overlooked Polkadot. Let’s find out why.
Uniswap (UNI) Launches New Exciting Features
Unsiwap (UNI), the largest decentralized exchange, has transformed the DeFi sector in 2023. The exchange has become an epitome of success for others to emulate and follow in its footsteps. Let’s look at its latest additions and milestones in the DeFi sector.
Recently, the platform launched its mobile application. As of December, the Uniswap mobile app supports Polygon, Arbitrum, base, and Optimism. That’s not all. The mobile app has recorded about $982M in swaps.
This shows the large trading activity on the network. Besides, the Uniswap Protocol just crossed $1.76T In trading volume. However, all these developments are yet to rub off on the Uniswap price. As we speak, Uniswap is down 4.5% on the weekly chart.
Polkadot (DOT) Overlooked?
While analysts are bullish on the potential of Uniswap, the case is different for Polkadot (DOT). Unlike Uniswap, development on the Polkadot network has dropped in recent weeks. While the Polkadot coin was part of the recent market rally, the network’s adoption has suffered.
The Polkadot price is up 6.2 on the weekly chart, fluctuating between $6.50 and $7.60. Meanwhile, Polkadot could suffer a major correction soon. Failure to climb the $7.236 to $7.575 supply barrier could pull the token into losses.
Such losses could pull it to the $5 price level. On the other hand, Polkadot has a series of proposals piled up at the moment. These proposals could revive the network.
Pullix (PLX): The Next-Gen Project in the DeFi Market
Pullix (PLX) is a trading exchange that bridges decentralized and centralized features, unlike Uniswap, which is a decentralized platform. Analysts have tagged it one of the best DeFi projects of the year. This is because of its VaultX platform, which gives every member of the Pullix community a chance to earn more tokens.
Crypto holders can earn more using VaultX. While it has yet to launch, the feature will be open to all who join the Pullix ecosystem. You can imagine how enjoying massive compound interest would look like.
Besides, Pullix strives to give traders the highest APY returns in a secure and reliable platform. Given this, Pullix’s VaultX is one of the best ways to maximize your crypto revenue. While you are yet to take the VaultX feature all in, let’s look at one of the best DeFi tokens of Q4 2023. That is the PLX coin, Pullix native token.
This token allows holders to profit from the trading exchange’s daily income. As you trade, you receive rewards from the exchange. This makes $PLX one of the best DeFi tokens to watch after Uniswap. Moreover, the platform’s hybrid model removes the need for Know Your Customer rules.
By doing so, you have free access to trade anonymously without giving out your personal info. Before we call it a day, we will look at the multi-currency feature. With Pullix, you can use different cryptocurrencies like Bitcoin, Ethereum, and Dogecoin.
As a result, you can make deposits using any cryptocurrency of your choice. While the token is the key to the Pullix ecosystem, it is available for users to buy. Currently, in stage 3 of its presale, Pullix is presently available at just $0.044. So, it is a must-have for everyone.
Final Thoughts
Investors and crypto enthusiasts searching for the best DeFi projects to be part of can join Uniswap and Pullix. While Polkadot seems to be out of the race, new tokens like Pullix are joining the ranks. This shows that the Pullix project is not to be overlooked.
For more information regarding Pullix’s presale see links below:
