DeFi Watch is a DeFi aggregator & portfolio monitoring tool. It allows searching and comparing thousands of existing DeFi projects on various decentralized blockchains and exchanges. DeFi.Watch also helps you monitor your cryptocurrency portfolios performance in all the DeFi projects where you are involved, using your MetaMask wallet.
The product allows searching and comparing over 7000+ liquidity pools live on over 20 DEXes and land on 8 different Blockchains, as well as tracking performance of individual DeFi portfolios using the MetaMask wallet. DeFi Watch offers a modern solution for staying on top of the DeFi space. In a nutshell, it is a dedicated application for collecting all of your DeFi wallets into one place.
As the number of blockchain networks is constantly growing, with dozens of different blockchains already existing (including Bitcoin, Ethereum, Binances smartchain, Avalanche, Polygon, Solana, just to name a few), cryptocurrency users are frequently faced with an immediate need to efficiently interact with these technologies. Seamless interaction between various distributed ledgers is enabled by innovative solutions called cross-chain bridges, called DeFi. A DeFi cross-chain bridge is a piece of software that makes it easy to move information, cryptocurrency, and non-fungible tokens (NFTs) from one blockchain system to the next. Without such bridges, a transaction sent by one blockchain can simply fail to verify and complete on a receiving blockchain, as the two chains are not interoperable.
This could eventually result in a loss of assets sent. With fiat currencies, there are a number of established ways for retail users and organizations to send values into the physical world, creating a financial payments network that is universally accessible and interoperable. These systems are composed of financial institutions, banks, and credit/debit cards, all of which handle transactions for exchanging money.
In the blockchain sphere, the bridges between chains have a similar function. While sending various assets between blockchains is possible without dedicated cross-chain DeFi bridges, this operation can be extremely costly and time-consuming. Moreover, trans-chain transactions without suitable bridges provide profitable targets to hackers, who exploit inadequate cross-chain interoperability to steal users funds.
Without cross-chain bridges, users have to convert their cryptocurrency tokens into fiat currency first, on the same blockchain, and this is generally impossible without paying fees. Then, users need to spend the fiat money on the second blockchain in order to get their desired crypto coins, which again comes with extra fees and lost time.
This is where DeFis Cross-Chain Bridge comes into play. Such tools enable users to send their cryptocurrency assets between different blockchain environments, without having to first convert the cryptocurrency assets into fiat currency. DeFi.Watch is pleased to announce the launch of the much anticipated new service, the cross-chain DeFi Bridge.
This neat tool allows to list top blockchain bridges with a single click. You just have to choose which blockchain you would like to move to, and also choose a target blockchain in order to transfer your assets between chains.
DeFi.Watch only supports proven bridges which are reviewed, audited, and time tested, making sure that our users never encounter any scammers while transferring assets between chains. The platform supports 80 different bridges at this point, but the number of supported cross-chain bridges will grow very soon. Search filters are also going to be improved in the near future, making it possible to search not just for the Blockchain, but for a particular Asset.
On the projects blog, DeFi, you can find tons of valuable information related to the world of Decentralized Finance, Blockchain Technology, Crypto Assets, NFTs, and much more. Before buying any cryptocurrency, be sure you are familiar with potential DeFi risks & Manage your DeFi risks so that you do not get a nasty surprise.
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