Top 5 DeFi Tokens Below $50M Market Cap to Watch in September 2022 | Cryptocurrency News

Decentralized finance (DFI) is a financial system that allows its users the benefits of banking operations without having to go through banks or other middlemen.

The DeFi crypto market cap is over $50.53B with some top names such as AVALANCHE, UNISWAP, CHAINLINK, and TERRA CLASSIC. Its total trading volume is $4,309,909,908.

Note: Tokens are sorted by market capitalization from lowest to highest,

Keep3rV1 (KP3R)

  • Unit Price: $98.93
  • Market Cap: $42,019,464
  • Distinguishing Features: Keep3rV1 aims to reduce the maintenance required for blockchain-based applications that extensively use smart contracts to power more sophisticated systems.

Launched in 2020, keep3rV1 It is a decentralized platform built to make it easier for projects to coordinate with those who can offer the external development activities they need.

In essence, the initiative acts as a job board that streamlines communication between employers, decentralized financial protocols, and employees called keepers.

Responsibilities performed by keepers include everything from making and submitting calls on-chain to finishing complex processes off-chain. KP3R, an ERC-20 token, is used by Keep3rV1 for governance and rewarding keepers.

Exchanges – KP3R is trading at $2,692,510 with 24-hour trading volume on Binance, OKX, MEXC, XT.COM and BingX.

DeFi Pulse Index (DPI)

  • Unit Price: $76.43
  • Market Cap: $42,727,435
  • Distinguishing Features: DeFi Pulse Index strives to keep track of decentralized finance initiatives with a dedication to high utilization and continuous maintenance and development.

The capitalization-weighted DeFi Pulse Index tracks the performance of decentralized financial assets across markets,

The DeFi Pulse Index, a digital asset index, was created to monitor the performance of tokens in the decentralized finance sector. Based on the value of the circulating supply of each token, the index is weighted.

Tokens underlying the DPI index include Aave, Balancer, Compound, Cream, Farm, KNC, Loopring, Maker, Meta, REN, Sushi, Synthetix, Uniswap, Yearn, Instadapp, Badger, Rari Capital, Vesper.

Exchange – DPI has a 24-hour trading volume of $562,669; Live trading on KuCoin, BKEX, Uniswap (V3), Gemini, and Uniswap (V2).

Ampleforth (AMPL)

  • Unit Price: $0.9789
  • Market Cap: $45,241,049
  • Distinguishing Features: Ampleforth is building a fully non-correlated asset to be used to diversify cryptocurrency portfolios, as reserve collateral for decentralized finance (DeFi) applications, and eventually central bank money As a shock resistant alternative to.

ampleforth is an Ethereum-based cryptocurrency that has a circulating supply that is updated algorithmically. It serves as the foundation currency of the decentralized economy of the future by providing a resource immune to supply inflation and independent of the price movements of other cryptocurrencies, including bitcoin (BTC).

Instead of a fixed amount of tokens, Amplforth token holders have a fixed percentage of the total AMPL circulating supply.

The circulating supply rises when the protocol determines that the AMPL price is too high, and the supply falls when the price is too low.

Exchanges – AMPL is trading on MEXC, FTX, Bitget, KuCoin, and Gate.io with a 24-hour trading volume of $784,863.

Alpha Venture DAO (Alpha)

  • Unit Price: $0.1063
  • Market Cap: $47,451,752
  • Distinctive Features: Alpha Venture assists builders by serving as a one-stop shop for the development and launch of DAO Web3 projects. Builders will learn from experienced builders, thought leaders and seasoned investors.

Alpha Venture DAO Web3 is a community of adventurers working with a network of industry experts and the Alpha Community to build the future of Web3 and grow the Web3 ecosystem.

Alpha Venture DAO aspires to create a massive ecosystem of decentralized applications that capture wealth independent of dominating chains or regions on Web3.

Alpha Ventures will be the entry point for the DAO and the Alpha community to participate meaningfully and own “truly” high quality Web3 projects. If you are a believer in Web3 innovation then Alpha Venture DAO is the place to be.

The Alpha token is now a proxy for Web3 innovation, rather than a token for a single product or project.

Exchange – Alpha has a 24-hour trading volume of $2,897,081, trading live on Binance, OKEx, Bybit, BingX and Femex.

Telos (TLOS)

  • Unit Price: $0.1755
  • Market Cap: $47,530,480
  • Distinctive Features: The network hosts the most powerful version of the Ethereum Virtual Machine.

telos High performance L1 with fast EVMs. Telos-based tokens, NFTs and smart contracts are used for DeFi, gaming, social media apps, and many other applications. Telos is designed for speed and scalability, making it the ideal network for mass adoption.

Taikai, Qudo, Qubicles, Appics, Wordproof, Seeds, Zeptagram, and NewLife are among the nearly 100 unique applications (dApps) available on Telos. These apps benefit not only from network speed (0.5s block interval) and scale (10,000+ TPS), but also from Telos’ sophisticated on-chain services for voting, sentiment, decentralized file storage, location and more There are.

Telos is the only blockchain that supports two primary technologies for smart contract development, EVM and EOSIO. Together, these two technologies account for most of the top dApps on well-known tracking websites such as Dapp Radar.

Exchanges – TLOS has a 24-hour trading volume of $3,394,767, trading on MEXC, Bitget, KuCoin, Gate.io and DigiFinex.

Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any service.

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