The DeFi market has been relatively low this year, with a lukewarm reception from major crypto enthusiasts. DeFi market value has fallen greatly since its all-time high in May 2021– a brief moment of greatness before the Luna ecosystem crashed. Most people link the Terra crash to a loss of enthusiasm in the DeFi market by most market players. It seems like users have no interest in the market at the moment but all that is needed is a promising token likethe Big Eyes Coin (BIG).
Big Eyes Coin is at the center of these expectations because it has demonstrated strength during presale. Crypto enthusiasts are looking towards memecoin in bringing the trading volume back alive on the ethereum blockchain. The ethereum blockchain has been the forerunner of the DeFi market since its inception. Other networks like BNB chain, Avalanche, Polygon, etc. quickly made it up the ranks because of the opportunities Ethereum made available.
Ethereum was the prime network for DeFi solutions until its scalability issues became more pronounced. Users had to find alternatives that offered low transaction costs and faster processing times. The Terra blockchain quickly made it up the ranks for the returns it pays back to users, which turned out to be an unsustainable model after all.
Uniswap (UNI) And Aave (AAVE)
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Uniswap (UNI) is a completely decentralized financial exchange (DEX) built on the Ethereum blockchain that allows users to transact and exchange Ethereum-based tokens, commonly known as ERC-20 tokens. Uniswap allows customers to obtain direct access to financial services by cutting out the intermediaries. It is the most popular decentralized cryptocurrency exchange at the moment. Uniswap is one of the first decentralized protocols to launch. Users quickly recognized its benefits over centralized exchanges like Binance, which dominated the market then.
Aave (AAVE), based on the Ethereum blockchain, is an open-source DeFi protocol with a smart contract framework. Smart contracts enable a distributed network of computers to handle all crypto assets. As a result, AAVE customers do not need to rely on a particular institution or individual to manage their assets. Users can only rely on the code of smart contracts to function properly. Aave is a significant contributor to DeFi on ethereum as the protocol was a major crypto lending platform and enabled several DeFi features that created value.
Big Eyes (BIG): When Cuteness Is A Currency
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Big Eyes Coin (BIG) is a new meme coin on the Ethereum blockchain with huge prospects to revive DeFi on the network. The new meme coin is pretty hyped, and in the fashion of Shiba Inu (SHIB), it aims to create wealth for its community holders using DeFi. Something it doesn’t take from Shiba is the dog mascot. Since the days of Dogecoin, meme coins have adopted the culture of using mainly dog memes to push meme cryptocurrencies.
Big Eyes Coin (BIG) hopes to create a new meta and set a precedent for using cat memes to push meme cryptocurrencies. BIG is inspired by big-eyed cute cats with a huge potential for the NFT market as well. Big Eyes Coin would end up building utilities across various landscapes and has already announced its plan to use NFT utilities to grant access to more content. The community-led project will regularly host contests, events, and community campaigns to help the community grow and stick together.
The strength of memecoins is in its community, and with a project like this where holders are actively involved in governance, you can expect decent growth. The stage 3 presale has raised over $5.4 million, and the target of $6.4 million is almost reached. Join the presale to buy the BIG token way below market price and secure some profit potential.
For more information on Big Eyes Coin (BIG), please visit the following links:
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