Since its inception, cryptocurrencies, and decentralized finance have brought major changes to traditional finance, otherwise known as TradeFi. From faster speeds to borderless transactions, DeFi has brought major changes to TradFi.
With the DeFi market growing in popularity, a greater shake-up to TradeFi is on the way. The DeFi projects leading the next wave of TradeFi shake-up are Chainlink (LINK), Injective (INJ), and Pullix (PLX). Let’s find out how these top projects are looking to transform the world of contemporary finance.
Chainlink (LINK) To Delve Deep Into RWA Tokenization
Chainlink gained popularity for bridging and connecting off-chain data to smart contracts. Simply put, Chainlink made it easier for blockchain applications to interact with the real world. Now, the project has announced plans to take it to the next level.
The Chainlink team has announced that in 2024, the project will focus more on supporting the digital representation of Real World Assets (RWAs) on the blockchain. By doing so, Chainlink seeks to make real-world assets more liquid and accessible to users in the DeFi market.
This means more TradeFi services would be performed on the blockchain without the traditional hassle involved. The Chainlink coin has been projected to benefit from this expansion. Top analyst Michael van de Poppe predicted a rally for Link. With the next target at $25, Chainlink is one of the best altcoins to buy now.
Injective (INJ) Expansion Continues
Injective (INJ) focuses on another area of finance. It is one of the DeFi projects that have combined artificial intelligence (AI) with DeFi. The project outlined its mission to democratize financial market access and eliminate barriers to entry.
So far, Injective made quite an impact. The DeFi apps on Injective have advanced interchain capabilities. This has helped the protocol to grow at a tremendous pace. The team behind Injective recently announced that the network is approaching 200,000 active addresses after topping 180,000.
Like LINK, the Injective coin, INJ has benefited from the rapid growth of the platform. On the monthly chart, the price of Injective has increased by 150%. As the protocol continues to expand, the price of INJ is expected to increase as well.
Pullix (PLX) Trade-To-Earn Draws Trades To New Hybrid Exchange
Like the others on this list, Pullix (PLX) is another DeFi crypto with a specific target market. Pullix has launched an advanced trading platform aimed at revolutionizing how exchanges operate. At its core, as a hybrid exchange, Pullix has combined the best features from both centralized and decentralized exchanges. However, it boasts advanced features that have drawn users to the platform.
Trade-to-earn is one of those features. While traditional finance systems charge you for operating on their platforms, Pullix rewards you for doing so. This is exactly what Trade-to-earn is all about. Users earn instant rewards for trading on Pullix and completing trading challenges on the platform.
To further expand the possibilities of exchanges, Pullix has tapped the global financial market. This means that with one Pullix account, users can trade assets from the forex, commodities, and ETF markets. They can achieve this by using crypto as leverage to trade all these assets.
Clearly offering more than any crypto exchange before it, Pullix has become one of the fastest growing DeFi cryptos. While the price of its native token has quickly risen to $0.044, analysts have forecasted a greater upside. They have forecasted a potential 10x rally by March.
Final Thoughts
Traditional finance still has a lot of improvements to be made, and Chainlink, Injective, and Pullix are leading the change. While these are the best altcoins one can buy, PLX has shown greater price increase potential. Because of its innovation and far-reaching effects across the crypto space, Pullix could become the next blue-chip project.
For more information regarding Pullix’s presale see links below:
