• 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

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

Other articles

Hut 8 Mining is an innovative cryptocurrency mining company

chest

Hut 8 Mining is a leading Canadian Bitcoin mining operator founded in 2017. The company stands out for its innovative approach, using sustainable energy solutions in its North American data centers.

user avatarMax Nevskyi

REVENGE — A PvE Shooter with Web3 and Twitch Elements: Unique Gameplay Mechanics, Blockchain, and NFT

chest

REVENGE is a cooperative PvE shooter with blockchain integration and Twitch support, where viewers can influence the game. The game uses NFTs, $EVER tokens, and cross-platform sessions for a unique gaming experience.

user avatarEve Adams

AllScale: Simplifying International Payments for Small and Medium Businesses with Stablecoins

chest

Learn how AllScale helps small and medium enterprises around the world use stablecoins for instant and secure payments, simplifying international transactions and regulatory compliance.

user avatarEve Adams

UFO Gaming: Play, Earn, and Own Virtual Worlds

chest

UFO Gaming is an innovative blockchain project that combines games and NFT technology. The platform allows players to earn through a Play-to-Earn system using the internal UFO token for transactions and management.

user avatarMax Nevskyi

0xAstra: Next-Generation Omnichain Strategy - NFTs, Tokens, and Space Battles

chest

Learn about 0xAstra — an omnichain strategy combining NFTs, cross-chain interactions, and AI. A detailed overview of gameplay, tokens, and opportunities for players.

user avatarEve Adams

WALKERS is a Cardano game with NFTs, tokens, and unique gameplay

chest

WALKERS is an innovative P2E game on Cardano that combines strategy, NFT collection, and earning. Thanks to the blockchain, all game assets (characters, items) are transparent, secure, and owned by players.

user avatarMax Nevskyi
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.