September 23, 2021
There are no middlemen in the case of decentralized finance markets or exchanges. The users are directly connected to the potential buyers or sellers through the software. It is not controlled by any centralized entity with no rules governing the marketplace. These rules make it completely visible and transparent. The function of immutability also makes the system unique and transparent. There are several top marketplaces worth following.
OPENBAZAR, a P2P platform that directly connects sellers with their buyers. It is the fork of the ‘Dark Market’ defi project which was born during a hackathon in 2014. It accepts more than 50 cryptocurrencies such as bitcoin, Litecoin, Zcash, etc.
OPENSEA, an Ethereum-based blockchain marketplace for cryptocurrency goods such as game items or collectibles(NFTs). Smart contracts are created between the buyers and sellers that allow the transactions. NFTs or non-fungible tokens are primarily traded here.
PARTICL, a DeFi marketplace. It was created to build decentralized, peer-to-peer, and completely autonomous cryptocurrency marketplaces. The native defi coin for this marketplace is part. Merchants can increase their profit margins up to 40% on Particl.