It appears that decentralized finance (DeFi) has not peaked despite a deluge of scammy projects and clear copy-cats of popular protocols.
Just recently, a new .finance project launched with the name of Pickle. Despite it being named after a food and having the logo of Pickle Rick from Rick and Morty, Pickle — or Pickle Finance — the coin has seen strong adoption within DeFi circles.
There are prominent crypto and Ethereum investors promoting the project, whose native coin, the aptly-named PICKLE, has rallied 1,000 percent in the span of 24 hours. This makes it likely the best-performing “legit” altcoin of the past day or two.
Over the past few weeks, there has been a deluge of so-called food coins: we’ve seen SushiSwap, Kimchi, HotdogSwap, …