• LINK, LUNA, and DAI are the top three DeFi providers by volume

  • Chainlink (LINK), Terra (LUNA), and Dai are the top three decentralized finance (DeFi) companies in terms of volume (DAI).

    1. Chainlink (LINK)

    LINK is the first top DeFi by volume. It is currently ranked 17th on CoinMarketCap. Furthermore, Chainlink enables blockchains to securely interact with external data feeds, events, and payment methods, enabling complex smart contracts to become the dominant form of digital agreement. It was the first network to allow off-chain data to be incorporated into smart contracts.

    As a result, according to CoinMarketCap, the price of LINK has been trading at $26.27 with a 24-hour trading volume of $1,306,398,264. LINK has a circulating supply of 458,009,553.92. LINK can be bought and sold on cryptocurrency exchanges such as Huobi Global, Coinbase Pro, Gate.io, and Kraken.

    2. Terra (LUNA)

    Terra is the next most popular DeFi by volume (LUNA). It is a blockchain protocol that powers price-stable global payment systems with fiat-pegged stablecoins. Terra has several collaborations with payment platforms, particularly in the Asia-Pacific region. Terra has used a proof-of-consensus algorithm to make the blockchain more secure. Terra’s native token, LUNA, is used to stabilize the price of the protocol’s stablecoins.

    Furthermore, according to CoinMarketCap, the price of LINK was $36.36, with a 24-hour trading volume of $1,002,170,124. And there are 401,763,541.27 LUNA in circulation.

    3. Dai (DAI)

    Dai is the third largest decentralized finance (DeFi) provider by volume (DAI). Maker Protocol and the MakerDAO decentralized autonomous organizations manage the development of DAI, an Ethereum-based stablecoin. Furthermore, unlike Bitcoin (BTC) and Ethereum (ETH), new DAI tokens are minted by a private company in accordance with their issuance policies, similar to Tether (USDT). Another significant benefit of DAI is that it is managed by a decentralized autonomous organization via a software protocol.

    According to CoinMarketCap, the DAI price was trading at $0.9997 with a 24-hour trading volume of $1,028,545,316, and the volume of Dai has increased by 138.67 percent in the last 24 hours. DAI has a circulating supply of 6.47 billion DAI.

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