Decentralised finance (DeFi) is a technology taking over the world. Consumers are quickly growing frustrated with traditional financial institutions and have begun flocking to the crypto world where they have more control over their assets and possessions. Smart contracts are specific codes written onto a blockchain that can be used for a variety of different use cases. Solana (SOL) and Avalanche (AVAX) are two of the most well developed smart contract blockchains. Alongside this, the new cryptocurrency, Parody Coin (PARO) allows users to earn passive income in a multitude of ways.
Solana’s (SOL) price has increased approximately 10,000% in the previous two years. It has also been nicknamed the number one “Ethereum killer” by some because of its impressive efficiency compared to the smart contract king.
Solana has some redeeming characteristics, and it may prove to be a viable alternative to Ethereum. It is validated via a proof-of-history technique, which is comparable to but more efficient than proof-of-stake. As a result, its network is far quicker than the bulk of other cryptocurrencies.
The price of SOL is currently valued at $101.33 which is $158 and 60% down from its all-time high set in November 2021. Solana is a crucial crypto in the world of DeFi, its super-fast transaction speeds make it favourable among the NFT community as well as creators of decentralised applications (dApps). We can make assumptions that Solana will be around for the long haul with the price of SOL expected to be around the $500 mark by 2025.
Another high-speed blockchain in the world of DeFi is Avalanche (AVAX). The network’s transaction pace is 4,500 per second, and they are completed in less than two seconds. The AVAX blockchain is made up of 3 sections. The X chain handles asset exchanges whilst the P chain takes care of validation. Finally, the C chain is in control of the smart contract. When everything is routed through a single network, this streamlines operations and reduces congestion making the network one of the most efficient around.
Avalanche is also fully compatible with the Ethereum blockchain. Given ETH’s popularity in the cryptocurrency realm, this is crucial. AVAX may therefore be used to create a decentralised application developed in the Ethereum programming language by a developer.
Avalanche now hosts over 170 projects spanning from DeFI to GameFi. The number of developers now using AVAX has quadrupled over the past 18 months. If this rate of growth continues then there is reason to believe that the price of AVAX could increase even more. By 2025 it could be valued around the $350 mark.
Parody Coin (PARO) has officially begun its presale with several opportunities for people to earn money and perhaps millions within the PARO ecosystem.
A marketplace for NFTs is being built where users may mint Parody NFTs. These are doppelgängers of well-known NFTs that may be purchased using PARO tokens.
Alongside this, Parody Coin will enable you to exchange tokens and act as a bridge across networks. ParodySwap will enable you to convert any crypto tokens you own into PARO and vice versa. After that, the ParodyBridge enables you to move your tokens to other blockchains for trading and purchasing.
Through the reward system, all Parody Coin users may earn a passive income. 2% of each transaction on the network is allocated evenly across active PARO wallets, giving a good incentive to HODL.
Additionally, the PARO token may be staked to aid with network security, earning holders additional rewards. Keeping Parody Coin in your wallet might potentially earn you millions of dollars over time.
Find Out More Here: