Derivatives are financial instruments used to monitor an asset through the access of a variety of tools, especially by experienced traders. The value of derivatives is derived from an underlying asset, i.e., Derivative tokens. Derivatives Tokens have a total market capitalization of $2,913,642,674 and a total trading volume of $641,468,224 in the last 24 hours.
Note: This List is sorted by their market capitalization from lowest to highest
Govi (GOVI)
- Price Unit: $0.4618
- Market Cap: $8,857,378
- Distinct Features: To decrease the supply of GOVI tokens available on the open market, 85% of platform-generated fees will be collected, used to purchase GOVI tokens, and distributed to CVI ecosystem participants, such as CVI traders, liquidity providers, and GOVI stakers, in the form of open positions and staking rewards.
With the help of the Crypto Volatility Index (CVI), customers can protect themselves against market volatility and transient loss. CVI uses an open-source, permissionless protocol with decentralized governance so that any user can participate in the network’s growth. The $GOVI token, an ERC-20 token, serves as the platform’s and the protocol’s governance token.
CVI is a fully decentralized platform that creates a decentralized volatility index from cryptocurrency option prices and analyzes the market’s expectation of future volatility. It introduces the sophisticated and well-known “market fear index” to the cryptocurrency market.
CVI offers the most trustworthy DeFi tool available for volatility analysis, portfolio hedging, and earning money as a liquidity provider.
Exchange: GOVI is currently trading live on KuCoin, Gate.io, and QuickSwap.
DerivaDAO (DDX)
- Price Unit: $0.38
- Market Cap: $9,915,171
- Distinct Features: DerivaDEX is a community-governed derivatives exchange that combines efficiency and independence.
The performance and security that traders require are available on DerivaDEX, a decentralized exchange. DerivaDEX is a novel type of exchange that offers significant performance benefits, such as real-time price feeds, quick trade resolution, and affordable fee structures.
DerivaDEX was created as a DAO. The platform is managed by traders and token owners. Users can vote on exchange-related features.
DerivaDEX’s native token is DDX. The DerivaDAO is used to manage the project using DDX. Additionally, DDX is utilized for fee exemptions and stake opportunities.
Exchange: DDX is currently trading live on Coinbase Exchange, CoinEx, Jubi, Uniswap (V2), and Bilaxy.
Carbon Protocol (SWTH)
- Price Unit: $0.007688
- Market Cap: $12,202,779
- Distinct Features: By connecting the Cosmos and Ethereum ecosystems, Carbon also serves as a foundation for cross-chain DeFi. This enables cross-chain money markets and permissionless listing of tokens from IBC, EVM, and non-EVM chains.
Carbon (SWTH) is a layer 2 trading protocol that powers cross-chain financial markets and infrastructures. Its a native cryptocurrency and governance token.
The entire blockchain is highly optimized for trading-related execution paths while reducing the number of potential attack vectors on the blockchain. Carbon is designed specifically for trading.
On the Carbon blockchain, users can benefit from exchanges with low or even no network fees. This is because no other transactions are processed, as all trade transactions take place on a separate Cosmos-SDK chain (such as gaming, NFTs, mints, etc.).
Built on top of Cosmos-SDK, Carbon is a decentralized cross-chain financial system. Switcheo Labs specifically engineered Carbon to allow the scalable and secure trading of complex financial instruments, including options, futures, and bonds.
Exchange: SWTH is currently trading live on CoinW, Gate.io, Uniswap (V3), PancakeSwap (V2), and LATOKEN.
Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any projects.
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