Due to the increase in Ethereum (ETH) gas fees over the last year, many investors seek Ethereum blockchain alternatives. Quitriam news…
As a result of creating more scalable consensus mechanisms, Aave (AAVE) and Solana (SOL) increased in value tremendously.
Aave is one of the fastest-growing decentralised finance (DeFi) cryptocurrencies. It is a lending platform that allows users to lend, borrow, and earn interest on crypto assets without intermediaries. Similarly, Solana is a blockchain that focuses on speed and minimal transaction costs.
Whereas a newcomer, Quitriam Finance (QTM), with its intense concentration on DeFi and non-fungible tokens (NFTs), has the potential to become a leading cryptocurrency. Let us explore everything in depth.
Solana (SOL) is a blockchain protocol mainly focused on speed and low costs. It allows anyone to create new projects on the chain through smart contracts. Moreover, the chain supports various functions, ranging from DeFi to NFTs.
Solana is also known for its speed and low costs. Payments sent on the Solana chain are verified within seconds and cost an average of $0.00025, functioning as a critical aspect of the Solana chain, as many issues surrounding crypto involve transaction fees and speed.
SOL is the native coin of the Solana Network, and its value has grown exponentially since its inception. SOL was launched at $0.22 during its initial coin offering (ICO) and hit an all-time high of $260.06 on 6 November 2021, yielding more than 1181x gains for early investors. At the time of writing, the SOL token is worth $101.79.
Aave (AAVE) is a protocol for decentralised finance (DeFi) that enables individuals to lend and borrow cryptocurrencies without needing a centralised intermediary. Individuals earn interest when they lend; they pay interest when they borrow.
Participants deposit money to lend, subsequently pooled together in a liquidity pool. Borrowers can then use such pools to get loans. These tokens are freely tradeable and transferable at the lender’s discretion.
AAVE serves as the Aave protocol’s native governance token. Holders of the AAVE coin can participate in discussions and vote on ideas that impact the project’s development.
AAVE began trading at $0.51 during its initial coin offering (ICO) and hit an all-time high of $666.86 on 18 May 2021, amounting to a gain of almost 1306x for early investors. At the time of writing, the AAVE token is valued $176.19.
Quitriam Finance (QTM): Will it be a Top Gainer?
Quitriam Finance (QTM) is now in the presale stage and is expected to deliver similar returns as Solana and Aave.
Quitriam Finance is positioned as a launchpad for non-fungible tokens (NFTs), a multi-chain automated market maker exchange (AMM), a yield farming platform, and an incubator.
According to its white paper, it is a third-generation cryptocurrency exchange that utilises powerful machine learning and neural network techniques to address the challenges associated with order-matching centralised exchanges and trustless custody inside decentralised exchanges.
The protocol’s native token is the QTM currency. QTM holders will have one-click access to liquidity mining services, with the exchange managing everything in the background.
What makes Quitriam Finance Unique?
Although decentralised finance (DeFi) was established to ensure that retail customers have access to essential financing, it has been concentrated in the hands of a few large businesses with excessive influence.
With its ground-breaking technology, the QTM protocol aims to change this and empower all daily investors.
Quitriam Finance’s (QTM) objective is to alleviate bottlenecks in the decentralised exchange (DEX) industry. Currently, most decentralised exchanges charge substantial withdrawal fees for liquidity pool tokens, with users not getting a total share of the fees.
Quitriam Finance’s (QTM) decentralised exchange’s interoperability with many different chains will make quick swaps across several blockchain networks possible. The almost-feeless transactions will be handled via the Polygon (MATIC) network.
Additionally, since the network incorporates a decentralised exchange, Quitriam Finance’s ecosystem will function as an incubator for new currency launches and offer liquidity solutions. NFTs will be chain-independent.
Users will be able to exchange tokens at a rate of more than 50,000 transactions per second for less than $0.00001 each transaction, enabling efficient and quick transactions.
Presales are an excellent opportunity to participate in the excitement around introducing new and successful cryptocurrencies. Investing early in Quitrium Finance has several benefits.
To mention a few, investing in presale enables you to obtain QTM at a reduced price, allowing you to purchase more and benefit from them.
Additionally, you’ll have access to special incentives, free airdrops, and the chance to trade QTM tokens on exchanges before their broad adoption.
The QTM token is currently available at a reasonable price and has the potential to appreciate 50x or 100x in value due to its compelling use case, which might replicate the success of Solana and Aave.