Avalanche, Aave, & Big Eyes : Crypto Tokens For Those New To Defi

Decentralized finance (DeFi) is taking over the financial market and displacing traditional finance in various circles. If you’re new to DeFi, chances are you’re seeking the best tokens to kick off your journey in the sector. Before introducing the more successful crypto tokens in DeFi, the upcoming Big Eyes (BIG) token is one to prioritize for DeFi enthusiasts.

With lots of DeFi tokens already available in the cryptocurrency market, Avalanche (AVAX) and Aave (AAVE) are two of the best options today.

In this article, we will discuss these tokens, helping less experienced DeFi enthusiasts with all there is to know about them and why they are among the cryptocurrency-related investments today.

Avalanche (AVAX) – Least Energy-Intensive Crypto Tokens

Many crypto experts call Avalanche (AVAX) the cryptocurrency to buy now. Their stance is not surprising as it is one of the most promising cryptocurrencies in the cryptocurrency market. According to CoinMarketCap, Avalanche (AVAX) currently ranks 14th on the list of the biggest cryptocurrency by market capitalization.

Avalanche (AVAX) is the native token for Avalanche, a layer one blockchain for decentralized applications (dApps) and custom blockchain networks. Avalanche aims to unseat Ethereum as the most popular blockchain for smart contracts by generating up to 6,500 transactions per second without compromising scalability.

Avalanche’s (AVAX) blockchain has a unique architecture, making it highly scalable. The blockchain is a combination of three sub-chains: The X-Chain (Exchange Chain), P-Chain (Platform Chain), and C-Chain (Contract Chain).

The X-Chain helps to facilitate sending and receiving funds and payment of transaction fees, while the P-Chain handles staking and validator activities within the ecosystem. It enables validators to receive Avalanche (AVAX) tokens as rewards for helping to secure the network.

On the other hand, the C-Chain helps with the execution of smart contracts and enables the creation of DeFi dApps on the network.

As an open-source cryptocurrency, Avalanche (AVAX) uses a proof-of-stake (PoS) mechanism, which allows thousands of validators to participate in ecosystem governance. Its PoS mechanism makes Avalanche (AVAX) one of the least energy-intensive crypto tokens, thanks to its minimal energy consumption.

With DeFi transactions increasing daily, Avalanche (AVAX) achieves the finality of transactions in a record one second while maintaining decentralization and security. With its growing reputation, the project launched Avalanche Rush, an incentive program to draw liquidity into its network.

Participating in project governance and reinvesting Avalanche (AVAX) into various available projects are some of the best ways to profit from Avalanche’s (AVAX) rising value in the cryptocurrency market. Another is participating in staking for a chance to earn a profit.