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Glossary
- Avalanche (AVAX) handles 6,500 TPS, making it a DeFi favorite for scalable DApps and decentralized performance.
- Uniswap’s automated liquidity and UNI governance token ensure its dominance in the decentralized exchange ecosystem.
- PEPE’s no-tax policy and memecoin hype have fueled its $1.6B market cap and sparked a volatile ‘memecoin season.’
Top altcoins making waves: Avalanche (AVAX) powers DeFi with speed, Uniswap (UNI) leads in token swaps, expands smart contracts, PEPE rides the memecoin boom, and Litecoin remains a reliable choice for fast, low-cost transactions.
Avalanche(AVAX): Powering DeFi with Unparalleled Speed and Scalability
Market cap: $18.35B
Avalanche(AVAX) is built with three distinct blockchains, the X-Chain, C-Chain, and P-Chain, but the protocol can process 6,500 transactions per second and remains decentralized. AVAX tokens are an integral part of the Ava protocol, used for securing the network, paying transaction fees, and, as a rule of thumb, as a unit of account. The coin enjoys popularity within the DeFi ecosystem, primarily because Avalanche is designed to process numerous DApps.
Uniswap(UNI): Revolutionizing Token Swaps with Decentralized Governance
Market cap: $7.82B
Uniswap is a decentralized exchange for DeFi tokens where token swapping is done automatically, and no middleman is involved. UNI is the governance token, as it allows holders to make decisions on what happens to the protocol through various votes. This token maintains Uniswap as one of the prominent decentralized exchanges, and the automated liquidity support has solved the problems of earlier decentralized platforms.
Pepe(PEPE): The Rise of Memecoins and the ‘No-Tax’ Revolution
Market cap: $9.43B
Litecoin(LTC): The Legacy Crypto Still Making Waves
Market cap: $8.03B
Litecoin is one of the earliest cryptocurrencies that resembles Bitcoin in most aspects but provides the opportunity to make transactions faster and with less commission, suitable for micropayments. However, Litecoin remains among the twenty largest digital currencies by market capitalization as newer cryptocurrencies are introduced into the market.
Hedera(HBAR) Offers a Scalable Alternative to Traditional Blockchains
Market cap: $4.69B
Hedera Hashgraph an efficient platform for decentralized applications, aiming to surpass traditional blockchain limitations. It employs a unique hashgraph consensus algorithm, enabling faster and more stable transactions. The platform leverages its native token, HBAR, for network operations, including smart contracts and file storage. Staking HBAR also enhances network security.
Algorand(ALGO) Enhance Python Integration
Market cap:$4.10B