ethereum: Best 10 DeFi projects to watch in 2022

ethereum: Best 10 DeFi projects to watch in 2022

< Show Wisdom Collection: Best 10 DeFi projects to watch in 2022article avatarVision N

Full Stack Developer / Crypto / Blockchain

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 avatarMwila Wise

General Manager @ 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 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 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 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 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 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 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.

article avatarmheL xD

Programmer

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

I recommend Solana (SOL) because it is a revolutionizing consensus mechanisms with its proof of history concept. This means that instead of mining or staking on the platform to validate transactions, all transactions are proven thru or by a time stamp on the blockchain. Solana is known as Ethereum's main competitor because it provides fast speeds while still being on layer 1 platform, meaning it doesn't need any help from another platform to perform these quick transactions.

article avatarRafael Turik

crypto trader

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

I think the pancakeswap project gained a lot of relevance because of the much lower fees. The defi projects of the ethereum network are unfeasible for small investors.

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

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