solana: Best 10 DeFi projects to watch in 2022

< Show Wisdom Collection: Best 10 DeFi projects to watch in 2022 Vision 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

Christian 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.

Miguel 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!

Isaac 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.

Alexandria 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.

shakes 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

Karthikeyan 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.

mheL 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.

Subhi 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.