Yes, sometimes, entering DeFi as a first-time founder can feel overwhelming. But some areas offer good profits, lots of interest, and lots of benefits. Here are some of the best areas you can build a DeFi platform for your first-time crypto venture.
1. DeFi Aggregators for Niche Markets
Instead of building a general aggregator platform, focus on a specific group. For example, create an aggregator platform that only compares stablecoin earnings. This makes things simpler and solves a real user problem.
2. Liquid Restaking Tools
Restaking is becoming more popular. New founders like you can create a DeFi platform that helps users make more money from their restaked crypto. You don't need to create a whole platform with a lot of features. Start with a simple dashboard or reward tracker.
3. DeFi for Gaming Communities
GameFi players need tools to handle and earn from their game tokens. You can offer loans, staking, or rewards just for gamers. This area is still new and has a lot of interest and opportunities.
4. Prediction Markets for Local Events
You can create a small prediction site focused on one area. Sports, crypto news, or local votes can get people interested. Keeping it simple and focused is often best.
5. DeFi Tools for Small Businesses
Many small businesses want to use crypto for payments, but don't know how. Create tools to help them take crypto payments, handle their money, or offer token rewards for their customers. This specific area has less competition and a great demand.
So, these are some profitable niches you can start your decentralized finance development in. If you’re a first-time founder in the crypto sector, then finding the right decentralized finance development company is essential. They are the one who helps you establish your venture, so choose wisely.
A huge number of firms are engaged in the development and maintenance of centralized cryptocurrency exchanges. InnBlockchain has become one of the best blockchain innovators of the last few years. They have expertise in generating scalable, secure, and high-performance exchange portals such as Binance, Coinbase, etc.
The distinguishing factor of InnBlockchain is that they offer custom solutions of crypto exchanges that cut the time-to-market considerably. They include numerous features, such as a robust trading engine, integration with the multi-cryptocurrency wallet, KYC/AML checks, real-time order matcher, and a high level of security (2FA, DDoS protection, anti-phishing measures).
You will be able to adjust the platform according to the business model, branding, and exact needs of a particular market. They also have a reputation with the post-launch and customer support team.
Yet, at the end of the day, there is no single best solution. But what will work best is the one that suits your needs, that fits your budget, timeframe, the feature set you want, and the future capability you intend to have. As far as I’m concerned, InnBlockchain is the best Centralized Cryptocurrency Exchange Development Company that you should consider to start a meaningful business.