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Decentralised Finance (DeFi) coins have gained traction in the minds of many crypto enthusiasts who genuinely want to enter the space for the first time. Specifically, it is impossible to ignore or minimize the value and significance of these DeFi coins.
DeFi platforms have given users ways to trade, save, lend, and borrow cryptocurrency without the usual red tape associated with the financial markets. Due to their level of popularity, the top DeFi coins are becoming a reliable investment option in the eyes of many.
With so many projects available, it can be difficult for newcomers to determine precisely which ones are worth investing in and which ones are not.
To make things simpler for you, we've compiled a list of the top 3 most sought-after DeFi coins in July.
Gnox has attracted the attention of many crypto fans because of its altruistic mission to give investors a platform to earn passive income. Gnox combines the functions of an investment token, a store of value, a diversified portfolio, and an asset that generates passive income.
Currently, in its presale, Gnox encourages investors to purchase and hold their Gnox token as it will give them exposure to a diversified portfolio of assets that generate passive income. This "yield farming as a service" by Gnox helps crypto investors save time and diversify their long-term holdings.
For ongoing passive income, Gnox's treasury is invested in liquidity pools, lending platforms, and staking rewards. Gains are occasionally used to sell GNOX tokens back on the open market and burn them, making Gnox a highly sought-after deflationary token.
Mid-August is the anticipated launch date for the platform, at which point the token will be traded on exchanges. However, prior to the launch, periodic burns gave early investors a 63 percent boost in the value of their stack. Prior to launch, all unsold tokens will be burned, causing a price increase before the GNOX token even reaches the exchanges.
Avalanche has introduced a few years ago as a blockchain transaction processor and data storage system. It is a platform that offers blockchain developers hosting services and takes care of DeFi launching. Avalanche (AVAX), which is mostly compatible with Ethereum, thrives on its quick transaction times.
Because it is a part of numerous ecosystems, there is a high demand for its utility, which could make Avalanche (AVAX) a very valuable token. Nothing prevents Avalanche (AVAX), which is currently trading at $16.78, from gradually increasing in value by 2025. However, investors are looking for another option, which we go into more detail about below.
A number of cross-chain bridges, yield optimizers, NT platforms, lending, and borrowing protocols are supported by the decentralized finance (DeFi) blockchain system known as Fantom. The native currency of Fantom is FTM. The network supports a number of well-known dApps, including Curve Finance, Solidly, and SushiSwap.
Fantom (FTM) hit a high of $3.16 on November 8th, but even though it fell after that and hit $1.26 by mid-December, that was not its all-time high.
It's interesting to note that the coin reached it's All-Time High (ATH) in 2022, making it one of the few cryptocurrencies to do so. The sudden increase in price in mid-January of this year brought it to $3.30, outperforming its previous ATH.
Join Presale: https://presale.gnox.io/register
Website: https://gnox.io
Telegram: https://t.me/gnoxfinancial
Twitter: https://twitter.com/gnox_io
Instagram: https://www.instagram.com/gnox.io
