Best 10 DeFi projects to watch in 2022

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Best 10 DeFi projects to watch in 2022

Decentralized Finance, known wider as DeFi, encompasses all of the various financial services that are not controlled by any entity but managed through a shared ledger system. This includes lending platforms, stablecoins, prediction markets, and even exchanges. More about DeFi and Blockchain use cases you can find here.
DeFi 1.0 mostly took place on the Ethereum blockchain, with the issue that simple DeFi transactions were either costly or slow and not interoperable. Defi 2.0 covers not only Ethereum but other blockchains allowing all finance apps to run on its high performance.
There is still much debate about whether these types of services will replace traditional institutions entirely. Due to the growing popularity of this topic, we have asked crypto enthusiasts about the best DeFi 1.0 projects to watch in 2022.

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We have asked 627 Experty community members questions related to "Best 10 DeFi projects to watch in 2022". We have received many valuable replies, the best ones (based on Experty community feedback) you can read below.

article avatarBhijan Neupane

Full Stack Developer

Which DeFi projects do you recommend to watch in 2022 and why?

The different DeFi projects are coming into the existence to deal with scalability, interoperability, and high-cost issues. Have my top 10 DeFi projects are as follows: 1.Solana: It is my best project because it follows a revolutionary PoH(Proof-of-History) consensus algorithm to verify the transactions that mean transactions are proven according to the time stamp on the blockchain. It is the fastest blockchain network having the highest TPS. Sol price is increasing, let’s how far Solana-based DeFi projects can grow up in 2022. 2.Uniswap: This is another DeFi giant and has just included Arbitrum network as a scaling solution. The lowest fee and the fastest transaction could inspire this blockchain to achieve another milestone in 2022. 3.Polygon: It is also known as MATIC and is one of the most popular DeFi projects in 2021. It is created as an Ethereum layer 2 scaling solution. MATICE price was dramatically rose in 2021 and it is interesting to see whether it follows the same trend in 2022 or not. 4.Everscale: Previously it was Free TON (Blockchain created on the TON blockchain by the Telegram team) but recently the community has decided to rebrand the project. Currently, different NFT and DeFi projects are created on this blockchain and its mainnet tokens EVER have so many use cases. 5.Polkadot: It is another interesting project that has the potential to grow up very fast due to its multi-function and high scalability. DOT price is growing and it will be interesting to follow in 2022 too. 6.Chainlink: It’s programmable token’s bridge concept is excellent as it will allow connecting the multiple DeFi blockchains for the different use cases. 7.Cardano: It is another highly scalable blockchain. It has been announced Shelley upgrade and it is achieving high reputation in the DeFi space. And, last three DeFi projects also have a huge potential to be established in the DeFi sphere as they are trying to deal with scalability and high-cost issues, they are as follows: 8.Aave 9.Avalanche 10.Terra Luna

article avatarFabien Delhaye

Blockchain Expert / ICT Consultant / Naturopath / Hygienist

Which DeFi projects do you recommend to watch in 2022 and why?

Aave, which is a decentralized liquidity platform. One of the first DeFi. It gives lending opportunities and a lot of others things. It allows for borrowing assets and earning rewards. Avax (Avalanche) is really promising too. It is a really fast smart contracts plateform. It plays also a lot with NFTs. It builds connectivity with other blockchains like for example GRT, SUSHI or LINk (a really good DeFi project too). And of course SOL (maybe my favorite due to his rescent performances) or FTM, Luna, DOT, ADA. It is impossible to make a small selection, from my point of view, the best is to diversify our investissements between them all.

article avatarALABI ADEOLA MARTINS

COO

Which DeFi projects do you recommend to watch in 2022 and why?

Decentralized finance has actually pave way for mass adoption of crypto currencies, it gives room for lending, staking and rewarding users. In my opinion the following list are likely Defi project to watch out for in the coming year. 1. Birb Swap(BIRB) 2. Openocean.finance( OOE) 3. Bakeryswap (BAKE) 4. Linear Finance ( LINA) 5. Akropolis ( AKRO) 6. Tinyman.org( No token issued yet) 7. Qiswap (QI). 8. Chainlink (LINK) 9. Terra Luna ( LUNA) 10. Dodo finance (DODO)

article avatarMwila Wise

Listing Head @ Excoincial Exchange

Which DeFi projects do you recommend to watch in 2022 and why?

Many DeFi projects have come on the market scene and disappeared of course with great innovative ideas that could stand a test of time. There are still several projects that will be exciting in 2022; 1. Holotoken project is one of them. Holotoken will be moving to their mainnet with an incredible Elemental chat that has already surpassed Facebook userbase joining the platform. This project would also add metaverse excitement projects launching on their platform and it's currently being tested. 2. GoChain is another project which have developed their own chain which can run on web3.0 apps with improved speed and cheaper transactions than Ethereum, more projects will start developing on the chain thus increasing it's utility. 3. Binance project with it's coin is greatly undervalued, we might see great exponential increase in 2022, the utility of the token is increasing everyday with many traditional institutions adopting it like hotels, e-markets etc Thank you.

article avatarMARCO MACIAS P.

STUDENT IN INFORMATICS & CRYPTO

Which DeFi projects do you recommend to watch in 2022 and why?

I believe that the best DEFI projects must have an overall objective they must be decentralized fully and meet its objectives and goals, in addition to always maintaining the importance of its use in cryptocurrencies. take into account what your objectives are and thus know how to invest. examples of DEFI that will have a future 1.LITENTRY It is a new project that is based on giving identity to users between chains and making the use of Dapps and DEFI projects in an easier, more secure and private way. Can have a parachain on the Polkadot network and this increases its use. has a total supply of 100,000,000 LIT tokens. 2.CHAINLINK It is one of the most and best oracles used in projects, as it provides information and data. from the real world to blockchain smart contracts and these perform better. has a total supply of 1,000,000,000 LINK tokens. 3.PANCAKESWAP It is one of the largest decentralized exchanges used in binance smart chain network, it has very good commissions and accepts all BEP20 tokens. has a total supply of 243,290,536.41 CAKE tokens.

article avatarJacek Kołodziejczak

Blockchain | Web Developer

Which DeFi projects do you recommend to watch in 2022 and why?

In my opinion, DeFi projects as I recommend to watch in 2022 are projects related to the NFT and Metavers industries. I imagine that you can place an NFT file with an image against it or a plot of land in the virtual world of Metaverse for which we can take a loan in stablecoins and use them without giving up our property, which may gain value in the meantime.

article avatarChristian Patrick

Blockchain analyst and front end web designer.

Which DeFi projects do you recommend to watch in 2022 and why?

Well,2021 seem to give a head for 2022 and it looks like most Defi Projects are already on the spiking raise even before the year rounds up. However,there are many defi Projects such as Solana, polkadot, polygon, cardano, chain link and many others. But for this case study, following the price charts, market capitalization and it whitelist I suggest the best for 2022 as "Solana". It is going to make a big change in the defi community.

article avatarMiguel M

IT Specialist

Which DeFi projects do you recommend to watch in 2022 and why?

Hi, I am really bullish on Cardano DeFi Projects, I am not a Cardano maximalist for sure, since I also like Ethereum, Solana, Avalanche, Eldrond, Polkadot and many other blockhains, the problem is that I see Cardano differently, because of it's decentralization and metodology. Take a look, is there any blockchain that have such a fair distribution of tokens where you delegate and receive tokens in form of a thank you? this avoids wales and also market manipulation. Said all this, I am really bulish on Cardano DeFi Projects such as Sundaeswap, MELD, Ray, Minswap, let's see what 2022 will bring us! I hope I have help!

article avatarMartin Piper

Me

Which DeFi projects do you recommend to watch in 2022 and why?

I really enjoy the XMS ecosystem. Great APR and plenty of farms and pools to chose from. Harvest payouts are done on a 180 day linear layout. Great way to earn extra tokens

article avatarIsaac John

Student

Which DeFi projects do you recommend to watch in 2022 and why?

Although there are many DeFi project available with great potential. They offer good trading experience to the user. But however, in my own opinion and based on my experience with some of this project, the DeFi project I will recommend users to look out for, is the Solana. This project has alot to offer. Other there are other competing project, but Solana has the capacity to stand out.

article avatarOlorundare Ariyo

Blockchain analyst and cryptocurrency trader.

Which DeFi projects do you recommend to watch in 2022 and why?

Well there are many defi projects but amongst this defi projects lies better one which probably many investors should be concerned about. However,i should be considered about polkadot.

article avatarMakinde Eniola

Affiliate & Network Marketer, Consultant, Speaker, Cryptocurrency and Defi lover.

Which DeFi projects do you recommend to watch in 2022 and why?

Avalanche ecosystem is a very good project at that. Avalanche is well built and it's improving and adding more features to it's ecosystem like NFT's and the likes. Avalanche makes it easy for it's members to have control over their funds.

article avatarDevin Hummel

Artist

Which DeFi projects do you recommend to watch in 2022 and why?

OlympusDAO, the concept of a less risky method of liquidity mining is interesting. A more secure “bond” would help investors feel more comfortable than using an LP token than can be easily rigged or tank in price. Pod finance is also interesting. NFTs as incentives or rewards is a great idea. And it is a lot less stressful than having a decent amount of eth tied into a jpeg of an art piece, or at least that’s how it has been described by critics.

article avatarAkinwunmi Falobi

Self-employed

Which DeFi projects do you recommend to watch in 2022 and why?

Polygon; It has a faster transaction fee at a lower cost than on ethereum and also allows you to stake Matic in order to earn rewards from securing the network

article avatarTyler Hebert

Artist

Which DeFi projects do you recommend to watch in 2022 and why?

Polygon Network is an obvious choice and Cake Defi is another I would recommend. Polygon because of its cheap gas fees and its gaming platform.

article avatarAlfred Solomon

HR

Which DeFi projects do you recommend to watch in 2022 and why?

Crypto Lending, this become popular especially to that crypto investor and I recommend Nexo causes they offer a huge amount of interest and a lot of coins that you can choose

article avatarAlexandria H.

Artist & small business owner

Which DeFi projects do you recommend to watch in 2022 and why?

Solana is starting to pick up steam as a layer 1 alternative to Ethereum with very low fees and super fast transactions. Many new play to earn games, NFT projects, and DeFi platforms have just launched or will be launching in the coming months on Solana.

article avatardwimujiono78

Which DeFi projects do you recommend to watch in 2022 and why?

1. PHANTOM PROTOCOL,support by uniswap,it i think great on future and great token since 2020. 2.Dreams Quest token,it best metaverse next year

article avatarBongalu Kinsani

trading crypto

Which DeFi projects do you recommend to watch in 2022 and why?

musk token its huge project that gives you opportunity to gain earn by doing hlod every details is prisice robust and very interesting that encourage the investor to invest

article avatarshakes minsk

Developer

Which DeFi projects do you recommend to watch in 2022 and why?

With the ever rising transaction cost in the ethereum chain, interests is peaking in developing lower cost chains. Layer2, Solana, Fantom, Polygon has a lot of promising projects. Zksync will be huge, quick has loads of potentials too. However, one should not eliminate such surprises as Yak amongst others. 2022 will be great for crypto

article avatarDavid Filip

Product Manager

Which DeFi projects do you recommend to watch in 2022 and why?

I would definitely look at the blue chips. If DeFI is surging, it is always good to watch UNI, CAKE and 1Inch. There are lot of new contenders so my secret tip would be Bondly.

article avatarAthanasios Sarigiannidis

chem. engineer,trader,investor

Which DeFi projects do you recommend to watch in 2022 and why?

my approach on DeFi always comes from the security scope before the rewards dimension for each project I get my hands on or just monitoring before I make any move. AAVE ,YFI, Illuvium, ADA, CAKE and Moonriver fit this narrative that ME personally wants to resonate with my personal values in this market. I'm not a financial adviser and I understand that there's no perfect answer when it comes to highly speculative or higher highs on speculative assets. wish you all goodluck and invest with less than your 10% worth is my real financial advice.

article avatar라클 오

IT Manager

Which DeFi projects do you recommend to watch in 2022 and why?

avalanche is very big ecosystem and good project. Too past contract and low cost. Avalanche's technology is number one coin. I believe Avalanche technology.

article avatarMario Khoe

Mario

Which DeFi projects do you recommend to watch in 2022 and why?

Stacks ( stx ) DeFi. I think bitcoin is a future coin in cryptocurensi. But stacks is a weapon of cryptocurrensi. If u staked stacks ( stx ) u get reward on bitcoin.

article avatarMirb Investments

Crypto Currency Specialist,Analyst

Which DeFi projects do you recommend to watch in 2022 and why?

A lot of DeFi projects have a very promising future, but this time I want to mention: Pangolin is on Avalanche that provides fast transactions and low fees. Balancer because it has a limited series. Biswap because it has a very simple DeFi farm.

article avatarKarthikeyan Ramachandran

Business Analyst /Blockchain Enthusiast

Which DeFi projects do you recommend to watch in 2022 and why?

Most people ignore the DEFI in non-ethereum non-bsc non-Solana space. But that is where the real hidden gems reside. For example, the Tezos ecosystem, which has real potential and second-highest developer interest, has not participated in the current rally and is highly undervalued. In the Tezos ecosystem, PlentyDefi ( plenty token) is the leading Defi dapp with a dex, farms, stablecoin, wrapped Tez and all other products required for a complete decentralised ecosystem. Once tezos rally starts, Plenty will benefit the most. Also since it has a base in India, upcoming crypto (positive) regulations may impact its growth. So it is the right time to be in that.

article avatarstan vlad

designer

Which DeFi projects do you recommend to watch in 2022 and why?

Aave- real time interest calculated yam finance- risky but gives good returns if invested wisely beefy finance- consistent price and growing regularly, uniswap-uniswap gave me the best returns for any DeFi projects from its inception Dai fantom 1inch network ox polkastarter

article avatarvitaly sosnin sosnin

Which DeFi projects do you recommend to watch in 2022 and why?

I think it's a Shiba. Shiba Inu (SHIB) is an Ethereum-based token designed to be an alternative to the popular Dogecoin (DOGE) memcoin. Unlike Bitcoin, which is inherently scarce, SHIB is deliberately abundant. The volume in circulation is 1 quadrillion tokens. The Shiba Inu token ecosystem supports projects such as an NFT art incubator and the development of a decentralized exchange called Shibaswap.

Summary

Crypto investors recognize that DeFi has certainly grown into an exciting sector of interest in the world of cryptocurrency and blockchain. With the rise of decentralized finance, there are now a variety of platforms that offer services without any entity controlling them. After asking Experty crypto enthusiasts about the best DeFi projects in 2022, we created a list with record-breaking positions:

This is not a financial advice. Please do your own research and consider the risks of trading cryptocurrencies.

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