DeFi altcoin projects provide the financial structure where we can make P2P transactions without the need for any intermediaries. In this article, let’s list the most popular DeFi projects that have already proven themselves.
The best DeFi altcoin projects you can get on your 2022 radar
- Terra (LUNA) is a DeFi altcoin project specializing in algorithmic stablecoin technology. The company works not only with major fiat currencies such as the euro or dollar, but also with many other national currencies. As quoted by Kriptokoin.com, the LUNA price has increased by 6800% in less than three years.
- Yearn.finance (YFI) is another promising project focused on P2P lending. With the smart contract system, lenders and borrowers no longer need an intermediary. According to CoinMarketCap, YFI has grown more than 10,000% in less than two years.
- SushiSwap (SUSHI), a decentralized exchange (DEX) that allows customers to trade cryptocurrencies without intermediaries. The platform has an ongoing $172 billion trading volume and was one of the top 20 cryptocurrencies in 2021. With
- Aave (AAVE), crypto investors have the opportunity to inject coins into their loan pools for interest. Participation in such pools is provided by purchasing AAVE coins. The AAVE price has grown 400% in value from 2020 and from today.
- Cosmos (ATOM) allows different Blockchains to interact with each other. For example, Bitcoin can receive data from the Ethereum ecosystem and vice versa.
- Graph (GRT)’s innovative technology allows blockchains to effectively manage their data. They can save and extract mining logs and data about transactions without overloading the network. The current price of GRT is $0.4954.
- Investors interested in the Metaverse can invest in this technology through Decentraland (MANA). Decentraland is an Ethereum-based virtual metaverse. Users can buy land, build property and then sell it on the market.
- Uniswap (UNI) is one of the popular DEX platforms where customers can easily exchange tokens without a central party. UNI could be listed for 2022 as analysts expect a rapid rise to $40.
- Kyber Network (KNX) allows investors to get liquidity for DeFi from different sources. Token trading is split between many exchanges. Therefore, obtaining liquidity is difficult. Kyber Network solves this problem and provides favorable market conditions for both sellers and buyers.
43360
