Two smart blockchains that are rapidly gaining momentum on Ethereum and Binance are Solana (SOL) and Avalanche (AVAX). Both currently fall short of the top XNUMX blockchains ranked by market cap.

All of these platforms are competing for dominance in DeFi and NFT. It is possible that one or both of these blockchains will be in the top XNUMX by the end of the year. These highly efficient blockchains were built to power DeFi platforms like Uniswap, Pancake Swap, and Sushiswap, where users can buy, sell, and earn interest on their cryptocurrency through staking, lending, and farming.

И Solana, and Avalanche are modern, fast, secure, censorship resistant, low cost, open source, green blockchains. They both aim to provide decentralized finance solutions. Both easily compete with Ethereum and Binance offerings. But can they catch up?

AVAX and SOL gain momentum fast

As serious competitors, both AVAX and SOL offer the potential for dramatic change in the coming years. While they come with higher risks associated with altcoins, greater risks often come with greater rewards. Both assets have a solid chance of outperforming ETH and BNB in ​​the coming years.

To give you some idea of ​​the potential, in the market cap rankings Solana started 2021 at 120th position. Before the end of the year, SOL overtook heavy hitters like Cardano and Polkadot to break into the top five. By mid-2022, SOL is up over 12%. Even with the recent big drop in crypto markets, SOL is still up about 000% year on year. AVAX has a similar level of performance.

Does this mean you should invest in SOL or AVAX? What about DeFi projects on these blockchains? Are they high reward games?

GNOX: how the new token works

A new DeFi platform called Gnox is offering crypto investors an exciting new idea called “farming as a service.” The idea is to level the playing field for new and inexperienced crypto investors, as well as those with limited free time.

GNOX is a utility token running on the Binance smart chain. It is the first DeFi earning protocol that offers crypto investors both potential asset valuation and DeFi profits by simply holding a token.

Traditional DeFi platforms require traders and investors to acquire a certain level of DeFi knowledge in order to reap the benefits. But for new investors, these applications can be difficult to navigate. The Gnox platform was designed to make DeFi earnings simple and hassle-free for entry-level investors. Anyone, regardless of their experience level and time commitment, can earn passive rewards simply by buying and holding a token.

Since the Gnox team does all the DeFi hard work, the platform provides all stakeholders with the same level of service without any additional knowledge or time investment.

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