Somnia (SOMI) is one of those cryptocurrencies that’s sparking excitement and capturing attention as it continues to evolve. An open-source Layer-1 blockchain, Somnia is built to deliver high-performance, scalable infrastructure for metaverse and Web3 applications. Drawing inspiration from the Web 3 Foundation’s vision, it addresses the growing demand for interoperability among multiple blockchains while maintaining decentralization.

Polkadot is one of those kinds of cryptocurrencies that many people can be, and have been, excited about as it continues to develop.  It is an open source project that was developed by the Web 3 Foundation in order to have some form of adaptability with innovations as it pertains to networks, and from the growing need to have multiple blockchains operating with decentralization.

The Avalanche network is a blockchain platform that appears to be a rival with one of the most active blockchains out there: Ethereum.  While there may be some similarities between the two (such as Ethereum having a native token, ether, to its name, and Avalanche with its own native token, avax), as well as similar aims between them (such as needing to pay transaction fees for trading on the network), there is an advantage that Avalanche has which Ethereum desperately needs: speed. 

Decentralized finance is, in a nutshell, peer-to-peer financial services that flip the typical stratification of control that has usually been associated within a given source and, rather, takes the locus of control and centers it around you, the consumer.