Best projects in 7 major crypto niches in 2021

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The crypto world has matured considerably thanks to several factors. One of them is the growing appeal of digital assets as an investment vehicle. Then there is the individual growth experienced by emerging sectors in the crypto industries.

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From what we have learned so far, crypto and blockchain are still nascent technologies. It is therefore impossible to focus on their innovation potential. The more we explore the possibilities of cryptocurrency, the higher the likelihood of discovering more interesting applications of the technology. In turn, the powerful applications of crypto are the foundation upon which the current crypto industry is built.

Today, the crypto industry encompasses a set of niche markets focused on creating and delivering unique value propositions focused on a specific crypto application. For example, the DeFi Marketplace captures all crypto solutions designed to enable and promote open finance ethics. NFT, on the other hand, encompasses projects poised to build a billion dollar economy powered by digital and real-world elements uniquely represented on the blockchain. Like DeFi and NFT, several other niches have positively contributed to the growth of the crypto industry.

That said, it’s important to note that every niche owes its success to the operations of its crypto projects that make it up, especially those that consistently raise the bar and set the tone for future innovations. These projects have established themselves at the highest level of their respective crypto sectors as they strive to adapt to the volatile crypto economy while constantly remaining at the forefront of the ongoing crypto revolution.

In this context, we decided to select the best project in selected crypto niches. Here we will consider the importance of the projects, the impact they have had in their respective industry and their direct competitors. In this guide, we’ll limit our list to the following niche:

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Best Crypto Exchange: Binance

When Binance first burst into the limelight in 2017, few believed it would quickly become a household name in the crypto industry. The exchange is currently the largest and most popular of digital asset exchanges today thanks to its progressive policies and competitive nature. Now averaging over $ 24 billion in trading volume per day, Binance offers one of the most affordable and flexible trading services. It also helps that it is available worldwide and supports over 300 parts. Notable exchange platforms vying for Binance’s position are Coinbase and Bittrex.

Best NFT Project: CryptoPunks

There are several projects that are making waves in the NFT market today. At the center of this latest crypto frenzy is CryptoPunks, whose market metrics show collection net worth to be highest. It should be noted that CryptoPunk existed long before the NFT explosion in 2021. In fact, these were the first NFT collectibles released on the Ethereum blockchain. There are over 10,000 unique and verifiable characters in the CryptoPunks collection. And while each sold for between $ 50 and $ 100 in 2018, the most expensive Cryptopunks character was bought for $ 7.56 million earlier this year. The entire Cryptopunk market is estimated at $ 350 million.

Best DeFi Project: Aave

There is no doubt that the DeFi craze of 2020 has helped demystify the role of crypto in the future of finance. He also showed that the concept of open finance is not just wishful thinking but a realistic financial paradigm compelling enough to fuel a new generation of solutions designed to promote an inclusive economy. At the forefront of this movement is Aave, a decentralized lending solution. Currently, Aave represents $ 13 billion of the $ 60 billion in digital assets locked into Ethereum’s DeFi ecosystem. This highlights the dominance of the lending sub-niche in the DeFi market and also highlights the growing demand and robustness of the Aave protocol. Notable competitors include Maker and Compound.

Best decentralized exchange: Uniswap

Even after facing multiple opponents over the past 12 months, Uniswap has managed to retain the # 1 spot in the DEX Marketplace. This is largely due to the simplicity of the protocol and the great liquidity it provides to traders. Note that Uniswap recently reaffirmed its dominance in the DEX ecosystem. Its latest round of upgrades provides more flexibility in terms of fees and significantly reduces the possibility of price slippage. After launch, Uniswap V3 quickly became the No. 1 DEx with an average transaction volume of $ 800 million recorded daily.

Due to the rise of Uniswap V3, traders and liquidity providers have even more reasons to choose decentralized exchanges over centralized counterparties. However, in order for Uniswap to maintain the No. 1 spot in the long run, it has to contend with companies like SushiSwap, PancakeSwap, and 1inch Exchange.

Best Marketing Agency: Agence X10

It’s hard to imagine the crypto industry we have today without recognizing the work that individuals and teams have done to market the commonly misrepresented crypto ecosystem to investors and users. These entities specialize in building thriving communities and increasing the visibility of crypto projects in the marketplace, so investors and users alike are willing to ignore the emergence of crypto. The X10 agency is a platform that has excelled in this regard. X10 Agency provides services for projects to create, promote or manage crypto or fintech brands, including a division dedicated to the promotion of NFT products.

Best Crypto Media / News Platform: Coindesk

There is no mining when it comes to the importance of crypto media houses. These platforms are the gateways to the latest crypto news and have always served as unbiased alternatives to the one-sidedness of traditional media networks, especially when they cover crypto-related topics or news. Coindesk is leading the way in this critical area. The news platform has remained the go-to website for anyone who wants access to fast, factual, and quality crypto news. Launched in 2013, Coindesk maintains the highest journalistic standards at all times. However, like most of the platforms mentioned in this guide, Coindesk’s long-standing status as the best crypto medium is increasingly threatened by the emergence of next-gen platforms such as BTC Peers, Decrypto and Cointelegraph.

Best Crypto YouTube Channel: Coin Bureau

YouTube remains one of the crucial gateways for engaging mainstream users in crypto and blockchain. Coin Bureau covers a wide range of topics with videos that easily get 200,000+ views. Whether one is interested in individual projects or the broader developments in the industry, Coin Bureau will quickly get the word out in video format. With over 1.38 million YouTube subscribers, it is one of the most popular crypto-related channels on the platform. They also have a Spanish and Japanese channel to reach a larger non-English native audience.

Final thought

The crypto industry is very competitive. Therefore, the platforms highlighted in this guide must continue to evolve to have a chance to maintain their number 1 place in their respective sectors. For now, however, we can’t help but applaud their current dominance.

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