The crypto market cap is wobbling between $750 billion and $1 trillion in this bear market. At its height, it was at $3 trillion, but we won't see that anytime soon. That's another way of saying that the market is volatile. With a market bottom still ahead and crypto regulations on the horizon, businesses are curious. Should we start a crypto business? If so, where should we start? DeFi may be the haven we need.
The idea behind DeFi is a revolutionary one. Decentralized finance is a stream of financial tools outside the banking system, fintech, and forex. An autonomous system that's not limited to institutional investors alone but is available to retailers.
DeFi may be a niche in the crypto space, but it will not be in the future. A DeFi utility protocol with use cases has all the possibilities to thrive. It's the frontier for innovation. And this is the space in that entrepreneurs should invest.
DeFi Exchange Development -
According to CoinMarketCap, there are 274 DeFi exchanges in the DeFi space. So, the market has options to choose from, but where's the nuance? Most of these exchanges are recycled platforms of the same thing with different UI. There's nothing new in it; hence they don't make progress.
And that's where DeFi exchange development comes in. For example, Uniswap and PancakeSwap, both operate under the same model. And yet, PancakeSwap has more utilities, but Uniswap is still the more popular exchange. Why is that? Simple, Uniswap uses the Ethereum blockchain, which is more popular.
So, what is the solution to this? How do we compete? And this is why DeFi exchange development is vital. Imagine a DEX integrated with many blockchains and a variety of wallets. Imagine a DEX that uses the orderbook, Swap, and Aggregator models. And this kind of crypto innovation can only be achieved by DEX development.
What does DeFi Exchange Development offer?
Developing a DEX depends on the entrepreneur's vision for the platform. There's no definitive industry standard or pattern to follow. But there are some widely used models and features in the DeFi space. Let us take a look, shall we?
DEX Models -
Development can come across any of these features, models, or types. Most DEX platforms are a hybrid of these three modes. For example, PancakeSwap, primarily a swapping exchange as per the name, also uses the Order Book model. Another example is the DODO, another swap that uses elements of the Orderbook.
Why choose us as your DeFi Exchange Development Company?
We have an in-house team of blockchain engineers, software developers, and UI/UX designers. Our team specializes in blockchain and cross-chain systems. And we provide services like wallets, crypto payment portals, and blockchain-based software solutions.
We test our smart contracts and software for vulnerabilities and bugs. And conduct periodic stress tests and audits to optimize our product for our clients. Our UI designers can customize the platform to fit any style. We are more than a DeFi protocol development company; we are also a technical support firm. We are Coinsclone.
To clarify your queries regarding the services, reach out to the expert by connecting >> DeFi Development Company