- PancakeSwap (CAKE) boosts DeFi with new features, reducing emissions and burning 102% of new CAKE weekly for sustainability.
- Sonic (FTM) powers DeFi with 10K TPS, <1s finality, and FeeM rewards, bridging Ethereum liquidity for seamless access.
- Onyxcoin (XCN) drives financial blockchain innovation, enabling secure, scalable asset issuance with federation-validated transactions.
Crypto’s Top Gainers are shaking up DeFi! PancakeSwap slashes emissions, Sonic speeds past rivals, and Onyxcoin redefines financial blockchain solutions.
PancakeSwap (CAKE) Enhances DeFi Offerings with New Features
Source:Coinmarketcap
PancakeSwap operates as a decentralized exchange for multiple blockchains including BNB Chain and Ethereum to deliver token exchange functions with additional features to users. Automation through AMM technology enables users to trade directly with each other without using intermediaries. The platform offers yield farming capabilities in addition to Syrup Pool staking and Initial Farm Offering (IFO) for token launches.
In April 2023, PancakeSwap adopted the “Ultrasound CAKE” model to enhance the token’s deflationary structure. The community-approved CAKE Tokenomics v2.5 proposal introduced a combination of real yield and reduced token emissions, with more than 102% of newly minted CAKE burned weekly. These changes aim to increase token sustainability and long-term value. The protocol continues to expand its ecosystem, incorporating cross-chain functionality, a prediction market, and a recently introduced v3 position manager.
Sonic (FTM) Introduces High-Performance Blockchain for DeFi
Source:Coinmarketcap
Sonic operates as a high-speed blockchain under its former name FTM for delivering improved efficiency to decentralized applications. The EVM-compatible blockchain operates at 10,000 TPS speed and delivers finality in less than a second which ranks it among the quickest blockchains of its kind.
A key feature of Sonic is its Fee Monetization (FeeM) program, which allows developers to earn up to 90% of the transaction fees generated by their applications. This model adapts the Web2 ad-revenue approach to a decentralized framework, incentivizing developers while ensuring user engagement. Additionally, the Sonic Gateway provides secure access to Ethereum-based liquidity through a native bridge with built-in fail-safe mechanisms.
Onyxcoin (XCN) enables Financial Services
Source:Coinmarketcap
Onyxcoin (XCN) is the governance and utility token of the Onyx Protocol, a blockchain infrastructure designed for financial applications. Built on Ethereum, the protocol enables organizations to develop and operate blockchain networks tailored to asset issuance, transfer, and control.
The Onyx Protocol supports a shared, multi-asset ledger that allows interoperability between independent networks. Using custom issuance and control programs, entities can create and manage assets securely. Transactions on the network are validated by a federation of block signers, ensuring security while preventing forks. With a focus on scalability and efficiency, Onyx aims to provide blockchain-based financial solutions that meet the demands of modern financial systems.
