Cryptocurrency

Top 5 Crypto Projects to WATCH Out for in November 2022

Top Crypto Projects

The crypto space is evolving every new day with numerous projects marking their strong presence and having their own use cases. Regardless of the current market trends, these decentralized platforms continue to work hard and offer a more stringent & rigid network which does not support any loopholes or technical outrages. 

Here are some of the projects by TVL which can be under consideration for the month of November. Before that, TVL or Total value locked is nothing but the funds invested and locked within the platform. A project with a high TVL is the leader and given a higher ranking in user trust and confidence. 

Meanwhile, the TVL in Decentralized Finance or DeFi is slumped in recent times, recording $43.75 billion at the moment. Ethereum maintains a huge share of more than 57%, followed by BSC with 11.59% and Tron with 10.21%. Meanwhile, the ongoing issue with the FTX exchange has slashed more than $12 billion TVL in the past couple of days which is expected to get elevated in the coming days. 

Project Name One Line About Type/Category Blockchain Protocol Native Token
MakerDAO Maker DAO is a peer-to-peer organization that enables users to lend & borrow cryptocurrencies CDP(Collateralized Debt Position) Ethereum MKR
Lido DAO Lido DAO is a platform that offers liquid staking service for Ethereum and the other proof-of-stake blockchains Liquid Staking Ethereum  LDO
Aave Aave is an open source protocol used to create non-custodial liquidity markets & earn interests Lending  Ethereum  AAVE
Curve DAO Token Curve DAO is a native token of Curve.fi, a decentralized exchange working on AMM Dexes Ethereum CRV
Uniswap Uniswap is Ethereum based decentralized crypto exchange which allows users to swap their tokens Dexes Ethereum UNI

Maker DAO(MKR) 

The Maker governance protocol has rolled out a new governance protocol where-in the MKR holders may vote for the changes proposed. It includes an increase in the MNMN-A stability fee from 4.5% to 7.5% and decreases the MANA-A debt ceiling from 17 million DAI to 10 million DAI. A Maker Teleport Technical Deployment will be deployed on StarkNet.

LidoDAO (LDO)

Lido DAO recently moved on a layer-2 protocol to expand Ethereum utilities and provide access to unique strategies possible through liquid staking. Phase 1 & 2 of the protocol focuses on direct features like bridging stETH to Arbitrum One & Optimism, preserving the properties of stETH. 

Aave (AAVE)

Aave platform is due for its V3 Mainnet upgrade and recently has rolled out a development update on GHO which is a decentralized, multi-collateral stablecoin. The update includes the details of the first audit conducted by Open Zeppelin and the GHO technical paper which was let out for community review later.

CurveDAO Token (CRV)

A scaling Ethereum solution zkSync proposed a governance meet. Forum to have Curve be on zkSync 2.0 as a mainnet launch partner. On the other hand, Arbitrum & Optimism extends its support for curve exchange recently 

Uniswap (UNI) 

Uniswap protocol recently announced that they have raised $165 million in Series B funding which was led by Polychain Capital & other long time investors.  Recently, Uniswap V3 went live on 5 different chains with a refreshed interface and new features 

SO, HOW CAN YOU INVEST IN ALTCOINS?

Today investing in the list of top altcoins in November 2022 to watch out for is extremely simple with the CoinDCX App! Just download the CoinDCX App crypto investing app, enter the details required and wait for your profile to get verified. Once done, fund your wallet and buy any of the coins of your choice.

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