platform: Best 10 DeFi projects to watch in 2022

platform: Best 10 DeFi projects to watch in 2022

< Show Wisdom Collection: Best 10 DeFi projects to watch in 2022article 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 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 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 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 avatarSubhi Ash Shalih

freelancer

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

1. Uniswap (UNI) is a decentralized exchange that allows users to buy and provide liquidity directly from crypto wallets with minimal fees. 2. Aave (AAVE) is a decentralized liquidity platform that allows to borrow assets and get rewarded for deposits. You can also get rewards and discounts by betting AAVE coins on the Aave DeFi platform. 3. Terra Luna (LUNA) is a next-generation smart contract platform that combines decentralized finance with a stablecoin concept. The platform supports stablecoins that offer instant settlement, low fees, and seamless cross-border exchange. 4. Avalanche (AVAX), they consider themselves the “fastest smart contract platform in the blockchain industry,” while also cementing their place in the booming NFT space and establishing connectivity with other blockchain projects such as SushiSwap (SUSHI), Chainlink (LINK) ), and Graphics (GRT). AVAX is a competitor to Ethereum due to its ability to provide cheaper transactions in a short period of time. 5. Band Protocol (BAND) is similar to Chainlink in that it focuses on decentralized oracles that collect real-world data, which is then sent to smart contracts on blockchains like Cosmos and Ethereum. 6. Chainlink (LINK) is a decentralized oracle service that aims to connect smart contracts with data from the real world using oracle technology. Chainlink recently announced the launch of a Programmable Token Bridge that will enable new communications between DeFi blockchains. This will help DeFi to scale properly and avoid the bottlenecks that held back previous generation blockchain projects. 7. Polygon (MATIC) is one of the most widely adopted and fastest growing Ethereum Layer 2 scaling solutions and decentralized application ecosystem. It boasts features like interoperability, scalability, and security. 8. Solana (SOL) is known as Ethereum's main competitor for providing fast speeds while still being a Layer 1 platform, meaning it does not require assistance from other platforms to make these fast transactions. 9. Uma (UMA) is actively working to promote financial inclusion and democratize the derivatives space. Uma is expanding into the financial space and making it accessible to people around the world, creating true global investment inclusiveness. This sparked a fire on the DeFi core. 10. Compound (COMP), just like AVAX, is a source of liquidity for borrowing and lending assets. When you make a deposit to Compound, you receive CTokens in return, which you can then use to buy other cryptocurrencies on the platform.

article avatarryan saputra

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

Sandbox,this defi gaming platform is best,, growing fast price,, must stock $SAND token. Hope 1 sand : $10, people will love gaming platform crypto

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

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