what is up everyone and mike and welcome back to the top crypto
and now we're going to talk about another high potential project called decentralized finance
but before that please notice our disclaimer since i'm not a financial advisor so this video
is informational purpose only so without further ado let's start
first we will discuss what is defy decentralized finance or defy is a system
by which financial products become available on a public decentralized blockchain network
that makes them open to anyone to use rather than going through middlemen like banks or brokerages
defy or decentralized finance is an umbrella term for financial services on public blockchains
primarily ethereum with defy you can do most of the things that banks support earn interest
borrow lend buy insurance trade derivatives trade assets and more but it's faster and doesn't
require paperwork or a third party so today we are on coinmarketcap.com which is the site that
you go on to see all the informations and details about any coin out there so we have here a lot of
categories trending coins biggest gainers and recently added coins and here we have bitcoin
ethereum finance core but we are only interested today in the defy tokens
so you go here near categories in nft we have defy so you press the button and it will show you only
the deffi tokens out there so the best defy token out there is tara or luna and if you press it
then it will show you all the informations about the luna token including the price
which is 55 nearly 56 dollars per coin and here this the green box right here it shows either
the coin went up or down so if it is red then it went down and if it is green then it went up
here you can see the coin market cap is 22 billion dollars the volume went down
by two billion sixteen million four hundred and seventy eight thousand four hundred and thirty
one dollars which is insane in the last 24 hours and the circulating supply is 400 million luna
if we go down a little bit we can see here the lunar price statistics you can see all the details
about the coin including the price the price change the 24 hours low and 24 hours high trading
volume market cap market dominance market rank and everything and here which is really interesting
because you can see the chart you can see here see the daily chart and if you press this button seven
day you can see the weekly chart than the monthly show then the three month chart and the yearly
short and if we go down a little bit you can see here the terra markets where you can buy this coin
so the best one out there is binance q coin a global binance again bitfinex and bitfinex
so here if you don't know where to buy this token you just go on market cap you press the token
and of course you go down to terra markets or that coin and search for the best market out there
and you just press it and you go to that site and buy that coin okay so also we'll be going through
another coin which is defy and then we'll go through pancake swap this coin so pancake swap or
cake is another token or defy token that is really interested because they have a whole exchange
site that will be going through next so as always you can see here the price
which is seven point eight dollars it went up by one point four eight percent
and if you go down we can see the daily chart weekly short monthly short and yearly chart
and you can see here the cake price statistics is always the price the price change
rate volume the market cap and market rank and if you go down if you don't know where
to buy this coin you can just go on binance q coin or gate point i o so guys i'm now on
pancake swap dot finance the official site of pancake swap or k so what is pancake swap
pancake swap is the clone of uni swap built on top of bsc to offer fast and inexpensive trading
experience using bep 20 tokens and the bsc 2 ethereum or ethereum to bsc
bridge pancake swap is cheaper and faster to use than uni swap and sushi swap the reason
is that pancake swap is built on binance smart chain a high-speed blockchain built by binance
to compete with ethereum so as you can see here the price per cake is 7.854 and if you press
this button you will see all the languages if you press this button you will connect your wallet in
order to buy an exchange in this site if you go down a little bit you will see some statistics
about pancake swap finance so 3.9 million users registered in the last 30 days 50 million