Top 3 Promising Cardano-Based ProjectsCardano blockchain has built a reputation for itself as the go-to blockchain for several cryptocurrency projects

Cardano Blockchain has built a reputation for itself as the go-to blockchain for several cryptocurrency projects.

Here are the three outstanding Cardano-based projects:

Ardana

Ardana is a fully decentralized, collateral-backed and unbiased exchange. It is a "secure store of value preserving value even in volatile markets." It is one of the biggest stablecoins and a leading Cardano-based stableswap DEX.

The DUSD stablecoin on the Cardano Blockchain is based on Ardana. It offers a wide range of utilities that include transfers, minting, lending, and staking to ensure that users can perform a wide range of operations on the platform.

Swapping between stable assets and stablecoins such as wrapped or synthetic Bitcoin can be done with minimal slippage. Users can also earn trading fees by depositing their assets into a DanaSwap pool where they can earn a portion of the market-making fees.

Ardana also serves as a financial institution by allowing its users to use ADA as collateral to obtain DUSD loans, counting on ADA's appreciating value and utility as it keeps enjoying increasing popularity among cryptocurrency investors and enthusiasts.

ADA's primary goal is to offer Cardano-based DeFi projects growth and stability, two features that will take them to the next level.

Ravendex

Ravendex is the pacesetter in the non-custodial decentralized exchange world operating on the Cardano Blockchain using the famous AMM protocol. Through the protocol, the Cardano Ecosystem facilitates asset trading at a preset price set by the ecosystem's liquidity.

The decentralized exchange explained its uniqueness to prospective and existing users. It says: "This is also one of the very first projects on The Cardano Ecosystem to conceive the idea of a crypto asset lending and borrowing platform using the recently released Alonzo Hard Fork update which allows smart contracts to deposit assets and collect interests using pre-defined set of rules."

Ravendex as a decentralized automated market maker protocol offers users a platform where they can trade native tokens or swap them with zero trust issues. Through its eUTXO architecture, the Cardano-based exchange provides a special opportunity for exchanges to pool liquidity.

OccamFi

OccamFi is a DeFi solution with a difference that combines most of the features of other decentralized finance projects. It was designed to "leading launchpad capabilities, DEX tools, and liquidity pools, Occam.fi is the first and most significant addition to Cardano's rapidly expanding DeFi ecosystem."

As a versatile launchpad, OccamFi is home to multiple DeFi applications as it tends to offer broad utility. More so, the project enhances several functions that include borrowing and lending. It can also be used to fund new Cardano-based DeFi projects.

OccamFi opens its door wide to the cryptocurrency community as it counts on community solutions and participation to boost its Launchpad's versatility. Projects that are launched via the protocol have a vibrant community to work with and gradually move forward.

The team is working round the clock to boost the ecosystem by increasing its value as it hopes to launch a DeX any time in the future.

These are the top 3 promising projects on Cardano Blockchain that cryptocurrency lovers can check out.

Note: Investment in cryptocurrency is subject to risk and readers should do their own due diligence. Entrepreneur Media does not endorse any such investment.