A few select decentralized finance protocols stood out from the rest of the pack. Uniglo (GLO), The Graph (GRT) and 1 inch are three of the most promising companies in the industry, each with considerable growth potential throughout the next bull cycle.
Users who apply the Uniglo protocol can perform an intense burning procedure, which has the effect of making GLO rarer. Using the Graph protocol, users can search and index data stored on the Ethereum blockchain. Thanks to the 1 inch protocol, users can now trade cryptocurrencies on decentralized exchanges.
Thus, it is evident that rapid growth can occur for all three protocols in the next bullish cycle. Although Uniglo is still in its early stages of development, it has already generated considerable interest.
Uniglo (GLO) as a DeFi protocol with great potential
Uniglo is a new community cryptocurrency with huge potential for capital growth. For those who act fast, it’s being offered at a deep discount since the presale is about to begin.
GLO is a unique initiative that provides solutions to some of the major issues that have long plagued the cryptocurrency industry. The Uniglo Vault will be used to buy and store various physical and digital assets, which will contribute to the development of the first fully asset-backed currency in the crypto sphere.
The initiative will also invest in digital representations of physical assets, such as digital gold. All of this is done to produce a fully asset-backed currency that is safe from the irrational speculation that plagues undiversified cryptocurrencies, allowing you to use it for real purchases rather than just investing in it for speculation. the costs.
Unlike fiat currencies, which can be vulnerable to hyperinflation due to quantitative easing, Uniglo offers a special double-burn approach that can help establish a truly deflationary crypto.
GLO goes on presale on July 15 and can be a very reliable addition to your portfolio with these features and more.
The Graph (GRT) and 1 inch (1 inch) as standout DeFi protocols
Graph (GRT) is a decentralized protocol based on Ethereum, allowing users to build and share sub-graphs via the data accessible to everyone.
All network roles including Developer, Indexer, Curator and Delegator get their fair share from the GRT network, built on the Web 3.0 method. So, once Web 3.0 tokens start pumping, it will automatically impact the price of the GRT token and could see it break through the $5 barrier.
Speaking of 1 inch, the programmability of the exchange and its role as a provider of decentralized financial aggregation services is the whole phenomenon and focus on this coin, with the blockchain algorithm taking the front from the scene. This allows users to enjoy digital money and use 1 inch for all market transactions including, to name a few, financial services and applications that can be developed on the platform. -form. To ensure usability, security and functionality, 1inch implements missions under special circumstances.
Bottom Line: The Next Upcoming Bull Cycle
The current bear market has been difficult for DeFi protocols as some have seen a significant decrease in the size of their user bases and locked value.
On the other hand, decentralized funding protocols can increase interest and funding if the subsequent bull market is as robust as some believe. This would benefit the ecosystem as it would result in more users and money, driving innovation and progress.