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Which 10 tech startups or innovations are revolutionizing the financial industry with blockchain-based solutions and decentralized finance (DeFi)?

1. Ripple: Ripple’s blockchain technology enables faster and more efficient cross-border payments by removing intermediaries and reducing costs.

2. Circle: Circle’s USDC stablecoin, built on the Ethereum blockchain, allows for fast and secure digital payments and serves as a bridge between traditional finance and DeFi.

3. MakerDAO: MakerDAO is a decentralized autonomous organization (DAO) that created the stablecoin DAI. It uses smart contracts on the Ethereum blockchain to maintain stability and provide collateralized loans.

4. Compound: Compound is a decentralized lending and borrowing protocol built on the Ethereum blockchain. It enables users to lend or borrow cryptocurrencies and earn interest or pay interest rates.

5. Aave: Aave is a decentralized lending platform where users can lend or borrow various cryptocurrencies with adjustable interest rates. It also incorporates flash loans, enabling uncollateralized loans within a single transaction.

6. Chainlink: Chainlink is a decentralized oracle network that connects smart contracts with real-world data. It enables reliable and secure access to external data sources, enhancing the functionality and automation of DeFi applications.

7. Synthetix: Synthetix is a decentralized platform that enables the creation and trading of synthetic assets, representing traditional assets like stocks, commodities, or cryptocurrencies. Users can gain exposure to these assets without owning them directly.

8. Uniswap: Uniswap is a decentralized exchange protocol built on the Ethereum blockchain. It allows for peer-to-peer trading of ERC-20 tokens and utilizes automated liquidity pools instead of traditional order books.

9. Polkadot: Polkadot is a multi-chain framework that enables interoperability between different blockchains. It aims to connect various blockchain networks, enabling them to share information, assets, and functionalities.

10. Cardano: Cardano is a blockchain platform that aims to provide a secure and scalable infrastructure for various applications, including decentralized finance. It incorporates a proof-of-stake consensus algorithm and emphasizes peer-reviewed research in its development.