With time comes growth, opportunity, and, most importantly, change. We saw this when DVDs were traded in for streaming apps, when books were cast aside for tablets, and now, as cryptocurrencies are taking the place of traditional forms of payment. Cryptocurrencies are currently taking the financial world by storm, and the blockchain domain is growing at a tremendous rate. As a result, crypto enthusiasts are met with a wealth of opportunities. But right now, they are all focused on one thing — decentralized finance, or DeFi.
DeFi has appeared as people are looking for ways to explore their possibilities in finance. As such, decentralization enters into a new trustless and transparent financial services domain. Compared to the centralized banks we are currently well-versed with, an anticipated decentralization of blockchain technology would turn the financial world upside down.
So, whether you are a crypto enthusiast or a newbie in blockchain technology, you may want to know about DeFi and its impact on the future. This article lists five major DeFi projects that will shape global and traditional finance views.
Top 5 DeFi Projects/Tokens by CoinMarketCap to Watch in 2021
#1. Colony Lab: Best De-Fi Project on Avalanche Blockchain
At the top of our list…