Top 10 best DeFi coins to invest in and watch in 2022
DeFi enables you to take instant loans, lend you extra funds to earn a passive income, or trade and exchange assets without having to rely on a central entity.
1. SOLANA Solana leading the pack with its consensus mechanism allowing faster transaction times. Making it a valuable and promising coin that you can expect to grow soon.
2. Avalanche The top contender in the top ten best DeFi you can invest in. Because of its transaction costs and faster transactions, this coin is in direct competition with Ethereum.
3. Fantom Fantom is another coin that you should consider adding to your investment portfolio. It is secure, enables breakneck transaction speeds, it is open-source, permissionless and decentralised.
4. Harmony Harmony developers intended the coin to focus on creating viable markets for intangibles and fungible tokens and sharing data. The primary focus is on improving scalability between networks.
5. Waves Wave is a unique coin operating a three in one ecosystem. It works as a decentralised exchange, a platform for launching tokens and a digital asset.The platform allows developing and deploying smart contracts.
6. THOR chain Built using the Cosmos SDK and powered using Tendermint consensus mechanism, this protocol ensures that data for all transactions are untraceable. THORChain is also fungible.
7. Kadena Kadena is not a very popular coin, but it is making waves in the cryptocurrency industry.It can currently handle about 480,000 transactions per second as compared to Ethereum's 20. This feature is attracting new users to the platform and pushing its price up.
8. Curve Curve is an interesting coin in the DeFi sector.The platform has two major use cases, including swapping cryptocurrencies and staking.Curve token is, thus, increasing in value as its platform continues attracting new users.
9. Oasis Network The Oasis Network is a project working to rise through the ranks of the DeFi space.Its technological design is also quite impressive as it is a hybrid of Polkadot and Ethereum.
10. Polkadot Polkadot is an interesting project. It is a platform that allows independent blockchains to transfer information and transactions between one another using the Polkadot relay chain. This ability significantly increases the speed of transactions on this blockchain.
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