As the decentralized finance (DeFi) ecosystem matures, new projects are emerging to challenge established players. Among these, Collateral Network (COLT) is making waves during its presale phase as it has already witnessed a surge of 40% to the current price of $0.014 in stage 2, already outperforming well-known DeFi giants such as Aave (AAVE) and PancakeSwap (CAKE). Let’s look at Collateral Network and why it’s making such an impact.

Picture a world where securing a loan is as simple as placing an online order for food. This is the aim of Collateral Network, a platform that harnesses the capabilities of blockchain and NFT technology to revolutionize the multi-billion dollar lending industry. Collateral Network is an always-open digital lending hub, providing immediate access to funding. Borrowers only need a valuable physical asset, such as jewelry or fine artwork, to guarantee their loan.

Aave is a pioneering decentralized finance (DeFi) protocol that enables users to lend, borrow and earn interest on various digital assets without needing a traditional financial intermediary. Aave (AAVE) relies on Automated Market Maker (AMM) technology to provide liquidity across the Aave network. This ensures that Aave borrowers can always access funds, and lenders can earn interest on their digital assets.

PancakeSwap is a decentralized finance (DeFi) platform that enables users to trade, borrow, and stake digital assets in an automated and secure manner. The PancakeSwap (CAKE) main offering is its in-house PancakeSwap exchange, which offers one-click trading and automated liquidity provision. Analysts suggest that PancakeSwap (CAKE) must break through the $5 resistance level to regain its previous momentum. It will take a major catalyst to pull PancakeSwap out of its current low. Many experts are already recommending Collateral Network (COLT) as a safer alternative in its own bull run.