Decentralized finance (DeFi) is predicted to be the next big thing in bitcoin and blockchain technology.
Simply put, the phenomena refers to programs that try to deliver typical financial services — such as loans, savings accounts, and asset exchanges – without necessitating the involvement of a third-party middleman.
In this post, we will look at the best DeFi coins to buy in 2022 so that you can get into the decentralized finance industry when it is still in its early stages.
Best DeFi Coins to Buy in 2022
Although the decentralized finance marketplace is now home to hundreds of projects – we found that the overall 10 best Defi coins are those listed below:
- Lucky Block – Overall Best DeFi Coin to Buy in 2022
- Uniswap – Top Decentralized Exchange With Leading Defi Coin
- Terra – Leading Defi Coin That Continues to Outperform the Market
- Decentraland – Invest in the MetaVerse via the MANA Token
- Yearn.finance – Defi Services via Decentralized Lending Agreements
- The Graph – Blockchain Index Services via the GRT Token
- SushiSwap – All-in-One Defi Platform With Popular Token
- Cosmos – Top-Rated Defi Coin Protocol Offering Blockchain Interoperability
- Kyber Network – Decentralized Protocol Providing Defi Coins With Liquidity
- AAVE – Open Source Defi Protocol
A Closer Look at the Best Defi Coins to Invest in
In order to pick the very best Defi coins for your investment portfolio – you’ll need to consider metrics surrounding:
- Current market capitalization
- Growth potential
- Past performance
- Objectives and road map targets
- Token cost price
- Exchanges that list the token
When weighing up your options you should also consider the most undervalued cryptos as these often possess the most potential for exponential growth moving forward.
Taking these core factors into the account, below you will find our analysis of the top Defi coins for 2022.
1: Lucky Block – Overall Best Defi Coin to Buy in 2022
Lucky Block came out as a clear winner as the overall best Defi coin to buy right now. The project – which was first founded in late 2021, is in the final process of launching an innovative lottery gaming platform. In a nutshell, the Lucky Block lottery ecosystem stands out from conventional operators – insofar that all gaming outcomes are decentralized.
And as such, lotteries are not run by state-franchised bodies that are connected to the respective government – as is often the case. In order to offer a decentralized lottery platform, Lucky Block games are executed by a smart contract. If you’re familiar with how smart contracts work, then you will know that the underlying code is both immutable and free from manipulation.
Therefore, Lucky Block players can be sure that all gaming outcomes are random and legitimate. Moreover, as Lucky Block operates on top of the Binance Smart Chain, this means that players from all over the world can access its lottery games. This is in stark contrast to how traditional operators run – which limits lottery games to citizens of the respective country.
In terms of how to invest in this top-rated Defi coin, the Lucky Block token initially held its pre-sale launch in January 2022 – whereby it raised the crypto-equivalent of $5 million. At the end of the same month, the Lucky Block token launched to the public via Pancakeswap – where it has since become one of the best-performing digital assets of the year.
2: Uniswap – Top Decentralized Exchange With Leading Defi Coin
Here are some of the best Defi coins to watch in 2022. Uniswap comes in second on our list. This project is the real deal when it comes to decentralised finance, because it has a new exchange platform that lets traders trade tokens with each other. In other words, when using Uniswap to buy and sell crypto assets, there is no central party.
This is very different from the way the rest of the crypto world works, which is mostly run by big, centralised exchanges like Binance, FTX, and Coinbase. Every single one of them stands between buyers and sellers, making a lot of money. In the case of Uniswap, the exchange doesn’t use traditional order books to match people in the market.
3: Terra – Leading Defi Coin That Continues to Outperform the Market
Cryptocurrency markets, especially those for Defi coins, have been mostly down as we head into 2022, but there’s no denying that. Even though Terra’s value keeps going up, it doesn’t seem like there’s any way to stop it. For those who don’t know, Terra is a project that makes stablecoins that are made by computer programmes. People call it LUNA when they’re from its home country.
Terra isn’t like most stablecoins out there. It doesn’t just focus on major fiat currencies like the US dollar or the euro like most stablecoins do. There are a lot of different currencies that the Terra protocol can be used with. This includes currencies from countries like Japan and China.
4: Decentraland – Invest in the MetaVerse via the MANA Token
In 2022, what is the best MetaVerse coin to buy? A lot of companies, like Facebook, are changing their names to Meta Platforms because they think the MetaVerse will become very popular in the next few years. As a result, if you want to get in on this new idea early, you can buy some MANA tokens, which are the native digital assets of Decentraland, to do so.
When it comes down to it, Decentraland is a project built on top of the Ethereum blockchain that allows anyone to play games in a virtual world that everyone can see. One of the most interesting things about Decentraland is that users can buy virtual land and then build digital real estate on top of that land.