• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M
Popular DeFi coins (tokens)

Popular DeFi coins (tokens)

user avatar

by Alexandra Smirnova

2 years ago


DeFi coins are cryptocurrency tokens used in the DeFi (Decentralized Finance) ecosystem, which applies blockchain technology and smart contracts to create decentralized financial applications and services. Unlike traditional financial systems, DeFi does not depend on centralized institutions and regulators. Instead, it is based on the principles of decentralization, where management and control are distributed among network participants.

Decentralized Finance (DeFi) has become a popular term in the cryptocurrency world, and many DeFi coins (tokens) have emerged in recent years. Some popular DeFi coins (tokens) include:

  1. Ethereum (ETH) - Ethereum is the second-largest cryptocurrency by market capitalization and the foundation for most DeFi projects. It's a decentralized, open-source blockchain that allows developers to create smart contracts, which are self-executing contracts that automatically enforce the terms of an agreement.

  2. Uniswap (UNI) - Uniswap is a decentralized exchange (DEX) that allows users to trade cryptocurrencies without intermediaries. It uses an automated market maker (AMM) algorithm to determine the price of tokens, and users can earn fees by providing liquidity to the platform.

  3. Aave (AAVE) - Aave is a decentralized lending platform that allows users to borrow and lend cryptocurrencies without intermediaries. It uses a pool-based system to match borrowers with lenders, and users can earn interest by providing liquidity to the platform.

  4. Compound (COMP) - Compound is a decentralized lending and borrowing platform that allows users to earn interest on their cryptocurrency holdings and borrow funds by using their cryptocurrency as collateral. It uses an algorithm to determine interest rates based on supply and demand.

  5. Chainlink (LINK) - Chainlink is a decentralized oracle network that provides secure, tamper-proof data feeds to smart contracts on the blockchain. It connects smart contracts to real-world data and events, enabling them to execute automatically.

  6. MakerDAO (MKR) - MakerDAO is a decentralized lending platform that allows users to borrow a stablecoin called DAI, which is pegged to the value of the US dollar. It uses a system of collateralized debt positions (CDPs) to ensure the stability of the DAI stablecoin.

  7. Synthetix (SNX) - Synthetix is a decentralized platform that allows users to trade synthetic assets that track the value of real-world assets, such as stocks, commodities, and currencies. It uses a system of collateralized debt positions (CDPs) to ensure the stability of the synthetic assets.

These are just a few examples of popular DeFi coins (tokens), and there are many more emerging in this fast-paced industry.

0

Share

Other articles

Wild Forest: RTS ecosystem with the $WF token and collectible NFTs

In-depth overview of the Wild Forest Token crypto project: gameplay mechanics, tokenomics, earning opportunities, and the role of the Ronin blockchain.

user avatarEve Adams

10 hours ago

SuperWalk Review: Move-to-Earn Platform with NFT Sneakers and Dual Token Economy

Discover how SuperWalk lets you earn crypto for walking using NFT sneakers and a dual-token economy. Full review of gameplay, tokenomics, and SocialFi features.

user avatarElena Ryabokon

10 hours ago

In-Depth Review of The Galaxy of Lemuria: Gameplay, NFTs, Economy & Community

Explore The Galaxy of Lemuria — a Web3 MMORPG with NFT assets, card-based combat, exploration, crafting, and play-to-earn mechanics powered by Polygon and Immutable.

user avatarElena Ryabokon

16 hours ago

WoodBlockPuzzle Game: Earn TON in Telegram Through Blocks and Tournaments

WoodBlockPuzzle is a blockchain-based puzzle game in Telegram with TON rewards, daily quests, leaderboards, and NFT plans. Play and earn directly in your messenger.

user avatarElena Ryabokon

18 hours ago

King of Fishing: A crypto fishing game on the Sui blockchain

King of Fishing is a crypto game on the Sui blockchain featuring NFT fishing rods, $FISH tokens, and the upcoming $KOF. The gameplay combines passive income, in-game economy, and competitive elements.

user avatarEve Adams

19 hours ago

King of Fishing: Криптовалютная рыбалка на блокчейне Sui

King of Fishing — криптоигра на блокчейне Sui с NFT-удочками, токенами $FISH и будущим $KOF. Геймплей сочетает пассивный доход, внутриигровую экономику и элементы соревновательных режимов.

user avatarEve Adams

20 hours ago

dapp expert logo
© 2020-2025. DappExpert. All rights reserved.
© 2020-2025. DappExpert. All rights reserved.

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.