Aave is a decentralized money market protocol built on the Ethereum platform. It allows users to lend and borrow cryptocurrency using various assets as collateral. The platform supports 20 different assets and offers liquidity pools for lending and borrowing activities. Aave also has its native token called AAVE, which serves as a governance token. Holders of AAVE can participate in the decision-making process to shape the direction of the protocol.
The Aave protocol provides an opportunity for lenders to earn interest by providing liquidity to the market. On the other hand, borrowers can collateralize their cryptoassets to borrow funds from the liquidity pools. With a market cap ranking of 46, Aave has experienced a 46% price change in the last 30 days.
TRON aims to revolutionize the internet by building a decentralized operating system known as the TRON protocol. Its goal is to offer high scalability, availability, and throughput computing to support decentralized applications (dapps) through smart contracts. TRON is designed to be a smart contract platform that is compatible with Ethereum's EVM-based smart contracts. This compatibility enables Solidity developers to deploy their existing applications on the TRON network without rewriting them.
TRON relies on a network of nodes distributed globally, making it decentralized and capable of handling high-speed transactions. This feature is particularly suitable for dapps that require fast transaction processing, such as games. TRON also acquired BitTorrent, a prominent P2P file sharing protocol, which led to the launch of BitTorrent Token (BTT) for incentivizing file sharing and storage within the network. With a market cap ranking of 11, TRON has experienced a -9.09% price change in the last 30 days.