The DeFi market has been since the start of the year. Nothing interesting has emerged from the market while the bear market rally continues to consume value. The DeFi market peaked at over $180 billion in November 2021, with some decent volume until the end of 2021. 2022 has been a year of events that sent the market crashing. First was the Ukraine invasion by Russia, which created some form of panic, and then came the Terra network collapse.
The Terra network collapse was unprecedented as it was one of the most valuable networks in the cryptocurrency market. The Terra network used to be second after 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 looking at new projects like Big Eyes Coin(BIG) that could help usher in new liquidity.
Big Eyes coin is a new memecoin project at the presale stage with some potential for a massive price pump. The project looks to launch on the ethereum blockchain, where it is expected to inherit the vast community of DeFi users 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 enables peer-to-peer market making and users to trade their crypto assets without a centralized third party. Protocols like Uniswap were gold at the time of launch because centralized exchanges like Binance dominated the cryptocurrency market. Uniswap allows trading of any ERC-20 token, which is the Ethereum technical standard. It also supports trading across Ethereum layer-2 networks like Arbitrium, Optimism, including Polygon.
Uniswap has a permissionless model as a decentralized exchange. The Uniswap protocol is open to anyone, and the Uniswap platform does not have the capacity to limit access selectively. Uniswap may be used by anybody who wants to trade digital assets, supply liquidity, or develop a new market to exchange a new pair of digital assets.
Smart contracts’ automation can make trading assets more efficient. Uniswap employs smart contracts to avoid the liquidity difficulties typically plaguing centralized exchanges. Removing any rent-seeking third party, such as a centralized exchange or banking institution, can also help lower transaction processing expenses.
Big Eyes(BIG) The New Meme Coin
Big Eyes(BIG) is a promising new memecoin launching on Ethereum and could be huge for the DeFi market. The new memecoin looks to usher in new liquidity and users out of the crypto landscape to help push its narrative and grow its community. Big Eyes coin is inspired by cute cat memes, and this mascot has helped it set up with dog coins like Dogecoin(DOGE), Shiba Inu(SHIB), and also Tamadoge(TAMA), a new doge memecoin that just concluded presale.
Big Eyes just started its stage 3 presale, having raised over $3 million from a presale target of $4.7 million. It is one of the most hyped presales at the moment. Yet, several crypto enthusiasts still miss opportunities like this, only to learn about it after early investors have earned returns in multiple folds.
Big Eyes aims to create wealth for its community with DeFi and could also progress to using NFT utilities to offer access to more content and community events hosted. This is a new cryptocurrency you should not miss.
Big Eyes Coin (BIG)
Presale: https://buy.bigeyes.space/
Website: https://bigeyes.space/
Telegram: https://t.me/BIGEYESOFFICIAL
