Crypto influencer and analyst Nicholas Merten is breaking down the best decentralized finance (DeFi) games as the entire industry looks poised to skyrocket in value.
In a new video in the DeFi industry, the DataDash founder tells his 426,000 subscribers that we may soon be witnessing a DeFi “super style”.
The famous trader says he keeps an eye on six assets out of many DeFi projects on the market, notably derivatives project dHedge DAO (DHT). While Merten is not enthusiastic about most of the crypto derivative platforms on the market, it is quite bullish on DHT / BTC. The analyst says he used the product and personally invested in the token.
The next coins on the famous trader’s list are decentralized exchanges (DEX) SushiSwap (SUSHI) and Uniswap (UNI). Merten points out that both tokens look technically interesting. Although Merten has personally invested in Uniswap, SUSHI / BTC appears to be at a bargain price compared to the levels reached in January.
Another asset Merten is technically interested in is Yearn.finance, the yield farming protocol against Bitcoin (YFI / BTC).
Fifth on the famous trader’s list is the 1inch DEX aggregator, which Merten says looks attractive to Bitcoin (1inch / BTC), both technically and fundamentally.
1inch not only solves many of the problems plaguing DEXs such as gas inefficiency, liquidity issues or spreads, but its chart also looks like a late rise. The market value is also relatively low compared to UNI and SUSHI and just under a billion dollars. The asset was also added to top crypto exchange Coinbase this week.
Warp Finance is the last coin to be considered by the trader.
Merten is a project advisor claiming to be one of the first protocols to use liquidity pool tokens as collateral rather than using variable assets like ETH or other ERC20 altcoins.