×
×
Market Cap:  $351,949,922,19724h Vol:  $100,967,295,531BTC Dominance:  57.4%Cryptocurrencies:  7,106Markets:  29,498

What is Pickle Finance? New Ethereum DeFi craze rallies 1,000% in one day

Share

What is Pickle Finance? New Ethereum DeFi craze rallies 1,000% in one day

CryptoSlate4 days ago
Published on September 15, 2020 12:00 GMT+0edited on September 15, 2020 12:05 GMT+0

Share

It appears that decentralized finance (DeFi) has not peaked despite a deluge of scammy projects and clear copy-cats of popular protocols.

Just recently, a new .finance project launched with the name of Pickle. Despite it being named after a food and having the logo of Pickle Rick from Rick and Morty, Pickle — or Pickle Finance — the coin has seen strong adoption within DeFi circles.

There are prominent crypto and Ethereum investors promoting the project, whose native coin, the aptly-named PICKLE, has rallied 1,000 percent in the span of 24 hours. This makes it likely the best-performing “legit” altcoin of the past day or two.

What is Pickle Finance?

Over the past few weeks, there has been a deluge of so-called food coins: we’ve seen SushiSwap, Kimchi, HotdogSwap, …