Binance is the largest cryptocurrency exchange in the crypto space, and the position of the second-largest belonged to FTX. However, things have changed with the fall of FTX, so exchanges like Sushiswap and Uniswap are now trying to take their place. The fall of FTT has also shaken crypto investors, making many of them consider their choices for the best native coins to hold in 2023. Top on their list of choices are coins like Dash 2 Trade, Impt.io, Taro, and Calvaria.

Since FTX, the once-second-largest cryptocurrency exchange, filed for bankruptcy, the hearts of many investors have been shaken. With the fall of FTX, Sushiswap and Uniswap stand at the top of the list of exchanges that can take its place. We’ll be telling you all about both of these exchanges and examining their chances of taking over FTX’s place. Because FTT is also out of the picture, we’ll look at other cryptocurrencies that will be more valuable as coins to hold in 2023.

About Sushiswap

Sushiswap is a decentralized exchange that was launched in September 2020 by 2 anonymous personas, 0xMaxki and Chef Nomi. This exchange is a fork of Uniswap, the popular decentralized finance platform. So, it’s built with the basic code of Uniswap, with some notable differences, such as its governance token, SUSHI.

This exchange platform uses the Automated Market-Maker (AMM) protocol for its Decentralized Exchange (DEX) protocols. So, there are no order books or centralized authorities here like you’d see in conventional crypto exchanges. Rather, smart contracts in liquidity pools determine the buy and sell prices of the cryptocurrency on this decentralized exchange. 

About Uniswap

Uniswap is a decentralized exchange that’s built on the Ethereum blockchain. This exchange was launched in 2018 by Hayden Adams, with inspiration from Ethereum’s co-founder, Vitalik Buterin. This exchange uses the AMM variant called the Constant Product Market Maker to function.

Uniswap functions as an automated liquidity pool, with no need for order books or any centralized authority to oversee trades. So, as long as there is a liquidity pool for trading, any ERC-20 token can be traded on this platform.

Although Uniswap and Sushiswap function through codes that come from the same protocol, they’re not the same. Compared to Sushiswap, Uniswap doesn’t give its users much say in the development direction of the network. This is why Sushiswap was created. 

Even though Sushiswap is more community-oriented, Uniswap has taken over as the second-largest exchange. Uniswap now accounts for up to $966.17 million of the Ethereum trading pairs in the DEX space, behind Binance’s $1.7 million.

The Best Exchange Native Coins to Hold in 2023

With FTX’s collapse, the fall of its native token, FTT, was only natural. This has caused many crypto investors to start considering their investments for 2023, and these are some of the best coins to consider: 

  1. Dash 2 Trade (D2T)
  2. Taro
  3. Impt.io
  4. Calvaria (RIA)

Dash 2 Trade (D2T)

Dash 2 Trade is a crypto trading platform that will provide traders with effective strategies that will help them beat market conditions. This platform provides social trading tools, metrics, and trading signals that’ll benefit every trader. The analysis that D2T provides allows traders to take advantage of the various buy and sell opportunities that populate the marketplace. 

Dash 2 Trade functions through subscriptions; although there is a free tier, it only offers the most basic functions. Traders who want the advanced features mentioned above would need to subscribe to the higher tiers using the D2T token. The D2T token is the native currency of this platform, and it has already entered stage 2 of its presale.

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Taro

RobotEra is a sandbox-like metaverse where all players are incarnated as robots. These robots will be divided into seven camps, with each camp offering a robot with unique features and abilities. 

RobotEra provides freedom for all players, enabling them to build structures like museums and theaters or create other robot companions. This virtual metaverse is divided into 7 continents, with different lands being available on these continents. Land in RobotEra is a unique Non-Fungible Token (NFT), with each one offering different resources. 

Taro is the native token of this virtual reality, and it has already entered its presale. 90 million Taro tokens are available for presale, helping to raise $1.8 million.

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Impt.io (IMPT)

Impti.io is an eco-friendly crypto project that’ll provide a path for companies or just about anyone to offset their carbon footprint. This blockchain network will bring the carbon credit trading market to the blockchain.

Impt.io has partnered with many companies like Amazon, Gamespot, Microsoft, and Lego to further their eco-friendly initiatives. Investors can shop online with these partner companies using the Impt.io widget to receive IMPT tokens, the native token of the network. They can also receive IMPT when they burn carbon tokens on this platform. IMPT tokens are already in the second stage of their presale, so you can get them now.

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Calvaria (RIA)

Calvaria is a cryptocurrency project that wants to use a battle card game to encourage the mass adoption of cryptocurrency. This game is called Duels of Eternity, and it’ll be the first ambassador between the crypto world and the real world. This game will be available in both free-to-play and pay-to-win versions.

Calvaria will use the free-to-play version to incentivize people who avoid the blockchain. It’ll do this by offering education missions that teach about the blockchain and by displaying a tracker. This tracker will show players what they would have earned if they were playing the play-to-earn version. 

The native token for this crypto project is RIA. RIA has already entered its presale, where 300 million tokens are up for sale.

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Conclusion

In the aftermath of FTX’s fall, Sushiswap and Uniswap have struggled to take their place, with Uniswap coming out on top. FTT has also gone downhill with FTX, and now investors are beginning to seriously consider other alternatives for 2023. If you need coins that will hold out in 2023, then RIA, Taro, IMPT, and D2T are your best bet. These cryptocurrencies power some of the most promising crypto projects out there, so they’ll definitely show their worth in 2023.