1 inch Vs Anyswap : Homework Task 7 by @besticofinder

Hi friends, In this today lecture by @besticofinder I learn how to choose crypto coin for our investment and how to do fundamental research before investing.

In today post I comparing Two different Defi platforms. All of us well know how boom having for Defi Platforms now. That's why I choose 1Inch and Anyswap for my today post.


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Both platforms are Decentralized Exchanges, they getting popularity due to effortless Swaps. The only issue is a huge gas fee, apart from this is the best platforms for swapping our assets to our needed assets.

They getting popularity due to high rewards on providing liquidity, doing staking and farming. All those features bring Defi filed to another level.

In Defi 1inch and any swaps are best comparators too.

Anyswap:-

At present ANY trading around 2.70$ with half a billion market cap, ranking 470.


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Present Market Price

Anyswap is a fully cross-chain protocol in Defi. Through this, we get the best-automated prices for swapping and liquidy provides too.

This means here we get the best price for our trade automatically.

This platform builds in Fusion blockchain Technology on using DCRM technology for its cross-chain transaction. That's why this platform integrates with different platforms automatically and provide the best price to us.

Anyswap governance token is ANY.So holders get voting rights for taking any decision here. At the same time for doing swaps, liquidity providing we get some rewards inform of ANY tokens.

It's one more big challenge in their road map is launch its platform in Binance Smart Chain too.

At present all more all platforms jump from the ERC platform into BSC due to less gas fee and Fastest Transactions. Hope they get big success due to this soon.

Through ANYSWAP now we can swap ERC 20 and BEP 20 coins too. Now it supporting ETH, BTC, CAKE, BAKE, BURGER and many more coins.

Anyway already gets a $100M accelerator fund program from Binance. This indicates it's future growth.

For more details check it's official website

1Inch:-

At present 1inch trading around 4.06$ with 104 ranks.


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Present 1inch Price Details

1inch is another Defi platform. This platform offers liquidity and Auto market-making systems.

This is different from other Defi because it works as a Dex aggregator so provide the best price for comparing Uniswap, Mooniswap, Balancer and OtherDexs. This platform work on the Ethereum network.

One more important feature is here users can put limit orders. Like this feature available only in 1inch DefiIts makes 1inch is different from other Defi platforms.

In Uniswap we need to pay 0.3% as a gas fee, buy on using 1inch we can reduce that fee up to 50%. By using the Chi Gastoken option we can reduce our gas fee up to 50%.

For knowing more details pls check it's website

Aniswap Vs 1Inch:-

Network Fees:-

This is the big and main issue in Defi platforms. Because at present they having high transaction fee. It gives a big burden to small investors. That's why a lot of them not using Defi platforms.

All most all Defi platforms build on the Ethereum network so we must need to pay a gas fee. But now it's transaction fee around 30$-70$. This is very huge. Not possible to handle small investors.

In 1inch on using Chi gas token, this fee reduces to 50%. But it not giving that's many positive impacts on our trading. So these features not giving good results to users.

Coming to Anyswap it working on DCRM technology on the ethereum blockchain. So here we get less transaction fee. On complete to other Defi platforms here Transaction fee is very low. So small investors also use without fear of seeing the Network fee.

DeFi Ecosystem

At present we know how much growth we see in Defi Ecosystem but we are in the early stage now, still need to grow more and more.

In the Defi ecosystem, we see huge Dapps but not getting that's much popularity due to high transaction fee. Still in Defi 1% of Total BTC and ETH locked here, still, it not attracting huge investors in this Defi field due to complex Transaction and high fee.

1inch use another third-party platform for completing transaction but in Anyswap it uses it's own network for this.

Anyway builds on using DCRM technology so it allows using different blockchain technologies in one ecosystem.

Recently it launches BSC.ANYSWAP also fit giving bridge support for ERC to BEP converting.

Like those services, we don't get from 1inch.

In the upcoming days in Defi, Anyswap plays a big role, that's why I choose to invest in anyway.

Rewards

Attracting users giving royalty rewards also play a big role. Because also users think about extra rewards for their holdings. That's why now we see a reward system in each Defi platform.

In Anyswap users get rewards for doing any activity. Means for providing liquidity they get equal rewards based on their wight. For swapping also get some percentage as a reward in form of ANY coin.

In 1inch also we get rewards but compare to Anyswap those are less.

Checking Holders and Transactions

For checking 1inch holders I just go coingeko, from this I took its contract address.

1 inch contract address 0x111111111117dc0aa78b770fa6a738034120c302.

Now go there scan for checking further details.

In this screenshot, we get further needed details.


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present 1inch Active Holders

Now coming to Anyswap

In this screen shot,,,, we find all the needed details very easily. On checking those contract address in coingeko we find all details very easily.


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Anyswap Active Holdes and Liquidity

Conclusion:-

Anyswap and 1inch are different Defi platforms. Each one different from its use cases, network fee, and giving rewards too.

On comparing both I go for any swap. Because it is the initial stage, on seeing it's the roadmap I am very confident soon it get good growth in Defi. So I choose ANY coin for investing.

Hope I finish my Homework Task perfectly, if any mistake I made pls verify me.

Thanks for reading my post.

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Hello @lavanyalakshman ,
Thank you for submitting homework task 7 ! You have done a informative comparison between 1Inch and Anyswap. You have considered Holders and Transactions , fees , ecosystem and many other facts. was a good read. nice work [6]

Thank you

Thank you very much for verifying my submission.

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