RenQ Finance and Polkadot are currently two of the most promising DeFi projects, but RenQ Finance is gaining traction and is capable of overtaking Polkadot.
Polkadot is a multi-chain platform that allows different blockchains to interact with one another. Because of its success in the DeFi market, DOT was listed on all major exchanges, with a significant increase in value from its original value and promising prospects, informs Cryptonews.
Polkadot is now having difficulty scaling its network and meeting demand for its services.
RenQ Finance may replace it in light of these changes. It's also a multi-chain decentralized exchange (DEX) that lets users trade assets directly from their wallets.
The benefit is that no third party will have access to the funds in users' wallets. RenQ Finance's Tier 2 scaling is also noteworthy, as it enables fast and low-cost transactions when compared to other DeFi platforms.
Investors are increasingly interested in RenQ Finance's pre-sale, which has the potential to become a leader in the DeFi market