Big Eyes seeks to contribute to Ethereum DeFi alongside protocols like Uniswap

The DeFi market has been since the beginning of the year. Nothing of interest emerged from the market as the bear market rally continues to consume value. The DeFi market peaked at over $180 billion in November 2021, with decent volume through the end of 2021. 2022 was a year of market crashing events. First, the Russian invasion of Ukraine, which created some form of panic, and then the collapse of the Terra network.

The collapse of the Terra network was unprecedented as it was one of the most valuable networks in the cryptocurrency market. The Terra network was second only to Ethereum, and it peaked in May 2022 at $21 billion, just before the collapse. The DeFi market has struggled to regain lost value, and users are considering new projects like Big-Eyed Coin (BIG) this could help inject new liquidity.

The Big Eyes coin is a new memecoin project in the pre-sale stage with the potential for a massive price pump. The project is looking to launch on the Ethereum blockchain, where it is expected to inherit the large DeFi user community and grow faster. It can quickly become a contributor alongside other protocols such as Uniswap (UNI).

Uniswap (UNI) The First Decentralized Exchange

Uniswap (UNI) is one of the first decentralized exchanges to launch on the Ethereum blockchain. It allows peer-to-peer market building and users to trade their crypto assets without a centralized third party. Protocols like Uniswap were gold at launch because centralized exchanges like Binance dominated the cryptocurrency market. Uniswap allows the exchange of any ERC-20 token, which is the Ethereum technical standard. It also supports trading on Ethereum Layer 2 networks like Arbitrium, Optimism, including Polygon.

Uniswap has a permissionless model as a decentralized exchange. The Uniswap protocol is open to everyone and the Uniswap platform does not have the ability to selectively limit access. Uniswap can be used by anyone who wants to trade digital assets, provide liquidity, or develop a new market to trade a new pair of digital assets.

Automation of smart contracts can make business assets more efficient. Uniswap uses smart contracts to avoid the liquidity difficulties that typically plague centralized exchanges. Removing any rent-seeking third parties, such as a centralized exchange or banking institution, can also help reduce transaction processing expenses.

Big Eyes (BIG) The New Meme Room

Big Eyes (BIG) is a promising new memecoin launched on Ethereum and could be huge for the DeFi market. The new memecoin is looking to usher in new liquidity and users outside of the crypto landscape to help push its narrative and grow its community. The Big Eyes coin is inspired by cute cat memes, and this mascot has helped it set up dog coins like Dogecoin (DOGE), Shiba Inu (SHIB), and also Tamadoge (TAMA), a new doge memecoin which has just concluded the presale.

Big Eyes has just started its Phase 3 presale, having raised over $3 million against a presale goal of $4.7 million. This is one of the most publicized pre-sales of the moment. Yet, several crypto enthusiasts are still missing out on opportunities like this, only to find out more after early investors landed multiple returns.

Big Eyes aims to build wealth for its community with DeFi and could also move towards using NFT utilities to provide access to more hosted community content and events. It is a new cryptocurrency that you should not miss.

Big Eyed Coin (BIG)

Presale: https://buy.bigeyes.space/

Website: https://bigeyes.space/

Telegram: https://t.me/BIGEYESOFFICIAL


Source link