5 Best Defi Coins and Tokens to Invest in 2022
One of the emerging sectors in the blockchain space, Decentralized Finance (DeFi), is a blockchain-based protocol that exists to eradicate third parties like banks and financial institutions from all financial transactions.
This guide aims to provide users with a detailed view of the best DeFi coins available in the market. We will review the upcoming DeFi coins in the space and also recommend the best places to buy DeFi crypto in 2022.
The 5 Best DeFi Coins to Invest in 2022
DeFi has a total market capitalization of $50 billion, with over thousands of coins traded in the sector. To make it easy for you to navigate this vast space, we have found the top 5 best DeFi coins to buy in 2022.
You can see our top DeFi crypto token picks in the table below:
- DeFi Coin – Overall the best DeFi coin to buy
- lucky block – New gaming crypto coin to watch
- Mana – DeFi plan to invest in the metaverse
- Uniswap – Best DeFi project and liquidity provider
- Aspire Finance – Earn interest and take out loans using DeFi
A closer look at the best DeFi tokens to buy in 2022
When selecting the best DeFi projects, you should analyze the best DeFi crypto based on long-term growth, market capitalization, current coin price, and available exchanges.
Considering these factors, here are some of the best DeFi crypto coins to buy in 2022.
1. DeFi Coin – Best DeFi Crypto Token Overall
One of the DeFi coins coming in 2022 we recommend DeFi Coin as the best overall token to buy in 2022.
Operating on the Binance Smart Chain (BSC), DEFC is the native token of the DeFi Swap exchange. After DeFi Swaps DEX (decentralized exchange) went live in early May 2022, the DEFC coin saw an exponential price rise.
The DeFi Coin generated a 5x return on May 5, 2022 – rising from $0.1 to a daily high of $0.5643.
According to DeFi Coins white paperthe token will play a pivotal role in helping DeFi Swap achieve its decentralized goals.
Used as an exchange currency for users on a wallet-to-wallet basis, DEFC tokens will be vital to the DeFi Swap exchange by providing multiple functions:
Static rewards and long-term liquidity
Most of the time, the early backers of new digital coins sell high and allow the price to crash instantly. However, DEFC avoids this by offering a “static rewards” plan.
- A 10% crypto tax is levied each time a user sells or trades DeFi Coin, which promotes long-term investing.
- Notably, 50% of the tax collected is distributed for the purpose of exchanging cash to support P2P transactions.
- The remaining 50% of the tax is distributed among all DeFi Coin holders on a proportional basis.
Burning tokens to reduce supply
The creators of DeFi Coin decided to implement a manual token burning strategy – choosing when and how many tokens to burn based on market conditions. Thus, increasing the demand, and therefore the price, of DEFC in the long run.
The DeFi Swap ecosystem is also focusing on various upcoming projects, such as the DeFi Swap app, to implement more educational content, including technical analysis, webinars, and more.
Your capital is in danger.
2. Lucky Block – New upcoming DeFi coin to watch
lucky block is an exciting new DeFi project that promotes transparency and fairness in the gaming industry by leveraging decentralized technology.
Running on the Binance Smart Chain (BSC), Lucky Block’s online crypto raffle system runs on smart contracts, making it accessible worldwide. At the center of the Lucky Block ecosystem is LBLOCK – the native digital token.
Users must hold LBLOCK coin to purchase raffle tickets and receive jackpot rewards to access the online giveaway. Notably, users have also benefited from the exponential growth of the token as it has accumulated a presale value of $5 million in January 2022.
Towards the end of January, LBLOCK was officially released on Pancake Swap – one of the industry’s largest decentralized exchanges (DEX). After posting at an ICO of $0.00089, LBLOCK surged to an all-time high (ATH) of $0.009617. This is equivalent to a price increase multiplied by 10.
Since January, the LBLOCK has been corrected at a price of $0.001358. However, the correction could be favorable for investors looking to hold the token for a long period of time. Long-term ownership of LBLOCK has its advantages, including the possibility of regular dividend payments to users.
With an impressive trading volume of just over $1 million, Lucky Block is among the best upcoming DeFi coins and an exciting new DeFi coin to watch in 2022.
Your capital is in danger.
3. Decentraland – DeFi project to invest in the metaverse
Grayscale, a crypto-investment firm, says the metaverse has the potential to accumulate an annual market capitalization of $1 trillion. Thus, you should look at the best crypto DeFi and projects in this growing sector.
If you are looking to diversify your DeFi investments, you can check out Decentraland – a virtual reality platform powered by the Ethereum blockchain. The Decentraland platform allows users to buy, hold and trade virtual real estate using MANA – the native token of Decentraland.
MANA is an ERC-20 token that can be used to make various in-game purchases and provide liquidity to the ecosystem. In terms of performance, MANA was one of the best performing metaverse tokens at the end of 2021.
In November 2021, the DeFi crypto token rewarded users with a nearly 600% price increase. After hitting an ATH of $5.4, MANA is trading at just $1.16 per token. However, the Decentraland token still has a market capitalization of $637 million and is the 40th most valuable digital token in the cryptocurrency space.
4. Uniswap – Best DeFi Project and Liquidity Provider
When looking for the best DeFi coins to buy in 2022, Uniswap is one of the best projects that come to mind.
At its essence, Uniswap is a protocol that allows buyers and sellers to trade ERC 20 tokens without an exchange or middleman. Most centralized exchanges require buyers and sellers to provide liquidity to conduct P2P transactions, which can be difficult for even the largest marketplaces.
On the other hand, Uniswap does this process automatically. The protocol uses an algorithmic equation that automatically determines the swap rate based on token balances and swap pair demand. This allows investors to trade tokens in an easy way.
Uniswap’s native token UNI is the 26th largest coin with a market capitalization of $4.7 billion. While UNI has gone from a high price of $43 to just $7, it is backed by a strong ecosystem that provides easy liquidity to facilitate Peer-to-Peer transactions in a completely decentralized way.
5. Yearn Finance – Earn interest and take out loans using DeFi
Yearn Finance is our next pick for the best DeFi coins to buy in 2022. This project focuses on leveraging decentralized finance to lend Peer-to-Peer loans without having to go through a bank.
Yearn Finance offers these services through a multiple range of products and functionalities.
- APY (annual percentage return) – To determine interest rates on different loan protocols
- To win – This feature identifies the highest interest rates that users can earn by lending different assets
- ZAP – A tool that brings together several trades, reducing costs and manpower.
All of these activities take place in the Yearn Finance ecosystem using YFI – the native digital token. Users can earn YFI tokens by locking their crypto holdings on the Yearn Finance blockchain.
This is a common practice known as “Yield Farming” – earning more cryptocurrency by locking up your existing assets in DeFi protocols.
The YFI token has a high price of $14,000 due to its limited supply of 36,368 tokens. With a market capitalization of $219 billion, YFI has the potential to reward users with more returns in the years to come.
Although new DeFi coins are released all the time, we consider DeFi Coin to be the most promising coin to invest in 2022. Click the link below to buy DeFi Coin on Pancakeswap today!
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