SushiSwap - Earn Multiple Rewards by staking SUSHI.Cosmos - DeFi token for Blockchain Interoperability.Decentraland -Enter the Metaverse with this DeFi project.Lucky Block -Exciting DeFi crypto for daily rewards.Defi Coin- Best DeFi Token to Purchase in 2022.Always do your own research before buying any cryptocurrency. This is not trading or investment advice. That trend should continue throughout 2022, which means higher valuation for the projects in the space. We’ve seen a drastic increase in userbase and overall adoption of decentralized finance application over the past year. ConclusionĪs the DeFi space matures, more and more users are joining the ecosystem. If you’re looking to bet on DeFi for the next year, you can’t go wrong with Avalanche. Avalanche is not just a single DeFi project but an ecosystem of dozens of exchanges, wallets, marketplaces, and much more.Īs the top DeFi project on the market, Avalanche makes for a great long-term pick for 2022. In addition, out of any proof-of-stake network, AVAX has the most validators securing its protocol.Īvalanche holders are encouraged to stake their tokens in order to help secure the network and earn rewards. The king of all DeFi platforms is Avalanche, the fastest smart contracts platform in the industry. This mechanism allows users to speculate on LUNA price, while enjoying the benefits of earning rewards via staking and Yield Farming.Īs the second most popular DeFi project in the space, TERRA makes for a great long-term pick for 2022. The price volatility is absorbed by the LUNA token, which is TERRA’s staking and governance token. The way TERRA works is by issuing a set of stablecoins that track the price of fiat currencies. TERRA is a blockchain protocol with a set of stablecoins that fosters a thriving ecosystem, bringing DeFi technology to the masses. #2 TERRA (LUNA) – $18.4 billionĪs the second highest DeFi project by marketcap, TERRA is one of the kings of DeFi. Overall, Uniswap has a great long term outlook, especially as more users figure out how to use MetaMask and decentralized exchanges. The higher trading volume on PancakeSwap makes sense, as there are much less fees on the Binance Smart Chain. If you look at a metric like trading volume, Uniswap has $255 million, compared to PancakeSwap’s $431 million. This is the main reason for Uniswap’s higher valuation. Since most tokens are ERC-20 and not BEP-20, they are listed on Uniswap. The main difference is Uniswap offers a different variety of tokens. There are a lot of similarities between Uniswap and PancakeSwap. The process is extremely simple and allows traders to earn rewards by Yield Farming with their existing tokens. Users can also earn from Uniswap by being a liquidity provider. Uniswap is the king of decentralized exchanges and is the most popular DeFi exchange on the market. #3 Uniswap (UNI) – $13.5 billionĪnother personal favorite is Uniswap, the top exchange on the Ethereum Network. As the 6th largest DeFi project by market cap, Fantom makes for a solid pick for 2022. It was one of the pioneers in DeFi, coming out with the first truly decentralized stack. Since the DeFi space is still growing, Fantom is one of the most solid projects in the space. At no point do users have to give up control of their funds, allowing for a new way of decentralized trading. There are a variety of ways to earn, including: Staking your existing Fantom, lending and borrowing assets, using your tokens as collateral, and much more.įantom is a fully decentralized DeFi platform, showcasing the benefits of the technology. It allows users to buy, sell, lend, and borrow synthetic assets on the platform.įantom has a fully functional app the users can use to earn with their existing cryptocurrency. #4 Fantom (FTM) – $5.51 billionįantom offers the first DeFi stack built using the Directed Acyclic Graph (DAG) based smart contracts platform. As crypto becomes more mainstream, exchanges like PancakeSwap will only see a surge in users and transaction volume, leading to an increase in overall valuation. You can provide liquidity to PancakeSwap and get rewarded with tokens, which can then be converted to any cryptocurrency of your choosing.Īs the top decentralized exchange on BSC, PancakeSwap has a great long term outlook for 2022. As a DeFi platform, PancakeSwap also allows users to earn rewards by Yield Farming.
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