The crypto world is at an inflection point. Many cryptos are increasingly blurring the line that separates traditional finance from decentralized finance. For years, this line was a wall separating the highly centralized world of traditional finance and the decentralized world of cryptocurrencies. Not anymore. Some cryptos are replacing traditional finance with a more robust and convenient financial system, while others are working with Trad-Fi to overhaul it completely. No matter their strategy, it appears that both approaches have won the favor of crypto users.
Interestingly, cryptocurrencies have been so busy fighting or changing the Trad-Fi that they've become too complex themselves. A solution has been brewing just beyond the horizon for some time now. It appears to be finally ready to take on the biggies. Before we get to it, let's take a quick look at the dominant players in the business.
If the recent Ethereum hard fork taught us anything, then it's that hard forks almost always result in a sharp decline in token value. Perhaps, for this reason, Tezos never has hard forks, despite 12 major upgrades to its platform so far. You see, Tezos was built as a highly upgradeable system. In other words, Tezos is designed to be equipped with new capabilities, utilities, and features without ever going for a hard fork. This means that Tezos can do virtually anything it wants in the future. And its unique decentralized governance system gives Tezos's users the choice of direction.
Also, Tezos has its own ambitions too. It wants to be a robust alternative to Ethereum for executing smart contracts. The fact that Tezos is virtually futureproof and is not limited by bottlenecks, like Ethereum is, can make its dreams come true. For now, Tezos occupies a Top 10 position among the De-Fi tokens on Coinmarketcap in terms of market capitalization. Beating it would seal Snowfall's position in the industry.
Aave and Tezos are competing neck to neck for market cap at the moment, but that's where the similarities end. Aave has very different goals in comparison to Tezos. Aave was built as a De-Fi protocol that allows people to lend and borrow seamlessly in a highly secure environment. That's precisely what Aave does. Currently, Aave supports over 20 cryptocurrencies on its platform. In other words, you can lend or borrow in 20 cryptocurrencies on Aave. Aave's users get the choice between fixed and variable interest rates to suit the risk-reward appetites of a diverse range of investors and borrowers.
There's no doubt that Aave has a place in the De-Fi space.
There's a reason Snowfallprotocol.io's (SNW) steep ascent to the top is shaking the ground beneath Aave and Tezos. Snowfallprotocol.io (SNW) offers a brilliant, super-easy interface for users to execute cross-chain transactions. Additionally,Snowfallprotocol.io's (SNW) users can stake and yield their holdings on the platform for significantly higher rewards than what's available on Aave and Tezos. Naturally, this development has siphoned off a significant percentage of users away from these platforms to Snowfallprotocol.io (SNW). As Snowfallprotocol.io (SNW) continues to grow, it can soon come at a loss for these two platforms.
If Snowfallprotocol.io (SNW) maintains its current momentum, then there's a good chance it will overtake both Aave and Tezos within the next 4 months.
Website: https://snowfallprotocol.io
Telegram: https://t.me/snowfallcoin
Presale: https://presale.snowfallprotocol.io
Twitter: https://twitter.com/snowfall co
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