The DeFi space is growing tremendously with different innovations ushered into the realm. We have analyzed the top DeFi coins to buy in 2022, mainly because of their use cases. It goes without saying, but this is not financial advice, and it is crucial to carry out due diligence before investing in any of the best DeFi coins in 2022.
AVAX (Avalanche)
Avalanche is an innovative network with smart contract functionalities. It is solving the issues noticed in Ethereum. It is also highly secure and is the home of several protocols. On Avalanche, crypto enthusiasts can access exchanges, wallets, marketplaces, and other decentralized features.
AAVE (Aave)
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AAVE is a native token of a decentralized liquidity platform that permits users to borrow assets and earn rewards when they make deposits on the platform. The ecosystem acts as a bridge between lenders and borrowers.
LUNA (TERRA)
The Terra network’s native token is called LUNA. Terra is a network that allows developers to create stablecoins. It has birthed the likes of TerraUSD or UST. People can earn rewards from holding stablecoins based on Terra.
LINK (Chainlink)
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Chainlink is a decentralized oracle service that links platforms with accurate data in real-time. With its Programmable Token Bridge, chains can seamlessly communicate with one another.
UNI (Uniswap)
UniSwap is a decentralized exchange that makes it easy for users to swap their tokens without any custodial influence. Its native token, UNI, is a popular DeFi coin. Users are allowed to provide liquidity and earn profits from it.
CAKE (PancakeSwap)
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Pancakeswap is a competitor of UniSwap, offering decentralized exchange services on Binance Smart Chain. CAKE is its native token and one of the popular DeFi coins in ex istence.
The swap platform’s fees are cheaper compared to others. Those that get into yield farming on Pancakeswap can earn rewards.
