TRON, Bytom, and Wikipedia: Which Chinese DeFi ecosystem imitators are more valuable?

1Those who learn from me will live, those who imitate me will die

Bitcoin is congested, CORE abandoned the Satoshi route, got rid of the successor, and removed the propaganda of low transfer fees. The prince rose up, and then was divided by the scammers. The descendants are endless, and the king remains.

Ethereum is also congested. EOS, which claims to be the third generation, is sharpening its sword, and behind it is the rich Tron of Jack Ma. Big Whale, Beggars' Gang, Bytom, and Wikipedia are also making a revolution. Are they learning or imitating?

How to deal with the rising cost of DeFi, which is in the limelight, when the tide stops. Imitators are either the waves behind pushing the waves ahead; or they are moving away, the best strategy is to run away; or they die before they succeed.

Real estate can be used as a mirror. Although the housing prices in the city center are high, they will go higher. The housing prices in the suburbs are low, and they will fall if the timing is not right. One is scarce (the only one in the center) and the other is valuable (many opportunities). What repeats is history, and what remains unchanged is human nature.

However, there is no investment value, but there is also speculation value. The difference between investment and speculation is timing. Investment is to throw money and wait for profit, while speculation is to choose a time to throw money and then choose another time to run away. For these DeFi ecosystem imitators from China, who is worth investing in and who is worth speculating on?

2. Current Status of DeFi

Pawnshops, banks, and exchanges were built on ETH, all of which are now very popular financial services. Then decentralized finance, or DeFi for short, was built on ETH, and it became popular.

The essence of the fire is actually new leverage and new ways of playing, not new leeks. Of course, this is not important, the fire is enough. As long as there is a money-making effect, as long as it can be a hundred times a year, and the class is crossed, will there be a lack of new leeks?

DeFi is hot, and both the leeks and the sickles are coming. The leeks see that the code is public, decentralized transactions, and safe. The sickles see that the code is public but you can’t understand it, and that it is decentralized and no one can chase you, so it is safe.

After DeFi became popular, the next generation of ETH also followed, including EOS, which has one more 1.0 than ETH, TRX that likes to copy ETH codes, BTM that has been exploring the wrong thing for ten years, and WICC that opened a casino and was sued for rights protection.

Although there is only one city center, there are more cities and counties. You can build a CBD, I can build an industrial park, Dushan is not alone. It is difficult to live in a high place, but easy to drink soup. Maybe you can pick up a Huawei from Shenzhen to Dongguan.

3 Very different but each has its own strengths

On ETH, MakerDAO governance token MKR stablecoin DAI is a pawnshop where collateralized assets can be exchanged for US dollars, COMP is a bank where deposits and loans can be made, Uniswap is a marketplace where everyone can trade, and LINK is an intermediary that provides currency price information. They are all popular.

DeFi on EOS includes PIZZA-USDE, EOSDT, Vigor, Chintai, Defibox, Defis Network, etc. For example, Defibox can mortgage EOS to borrow USN stablecoin, make market for USN-EOS to get token box, and sell box to cash out. They are all popular for a few days.

BTM Chang said that MOV is the DeFi protocol cluster of Bytom. According to the ranking by number of users, Bytom's MOV can actually occupy a position in the top ten DEXs dominated by ETH, which surprised us.

TRX Justin Sun said that the next wave of DeFi opportunities is in TRON, the three major DeFi platforms: lending platform JUST Lend, the TRON version of wBTC JUST BTC, and decentralized trading platform JUSTSwap. However, a lot of fake coins were issued on 818.

WICC Wikichain has issued native coin WICC, stable coin WUSD, and governance coin WGRT. It is known as the earliest domestic DeFi and the world's No. 1 in TPS . OKEx is more supportive of DeFi on WICC. There should be a certain investment relationship.

4Whose speculative value is greater?

If you want to invest, just buy ETH with your eyes closed. The market value of the companies on this piece of land is getting bigger and bigger, and more and more fuel is burned, so ETH will definitely rise. The above projects will have greater risks.

According to the data from the cryptocurrency crash this year to now, ETH still leads the way in terms of growth, followed by V-Pool, and the remaining three have not seen much growth. EOS may have too many retail investors, making it difficult to rise, so it ranks last.

All chains have been active recently. Taking the data from the past month and making a correlation graph, we found that the correlation between ETH and TRX is 0.94, and the others are none more than 0.9. It can be seen that student Sun really copied his homework well.

ANK is the oracle on TRON. With LINK rising so much, the benchmark ANK will also cough a few times. DZI is benchmarked against AMPL, so of course it will also be popular. There are several listed at once, and it is difficult to choose from Taobao. JD.com is better, there are no fakes.

5. Conclusion

If you want to invest, go for ETH. If you want to speculate, go for TRX. You can also try ANK. Mr. Sun often surprises everyone. There will be more and more imitators, but they will also be divided into first come first served. When there are too many sickles, there may not be enough leeks.

Author: Zhao Yutao

Editor: Wu Talks about Blockchain