What coins are considered DeFi?

When it comes to crypto coins, some are more decentralized than others. Some cryptocurrencies are issued and controlled by more centralized entities while others are issued by decentralized groups of anonymous people who pass control onto consumers once the coins have been issued. Many DeFi coins offer things like voting rights to coin holders to increase decentralization and pass governance over to the people. 

The blockchain a coin lives on also influences its level of decentralization. Most DeFi coins operate on Ethereum, which is fully decentralized. However, a growing number of DeFi coins use Binance Smart Chain, which is considered “centralized DeFi” or “CeDeFi” because the blockchain is governed by only 11 validators chosen daily as compared to Ethereum’s 77,000 validators.

Best DeFi coins

The best DeFi coins are fully decentralized and offer some form of objective value. Other factors worth considering include market cap (particularly if you’re worried about stability), gas fees, staking, scalability, and what exchanges it’s listed on. Here are some of the best DeFi coins to watch in 2022.

Aave (AAVE)

It is an extremely user-friendly decentralized finance protocol that helps people in borrowing and lending crypto. It has a very simple process of working because of the easy automation process. Users who are lenders can easily earn interest by allowing their digital assets to be deposited. These assets are deposited into specific liquidity pools that are created for this purpose. 

Now the people on the other end that need to borrow money can use this money as collateral way from the crypto wallet. This platform is also famous for providing amazing discounted fees. It is the best coin for providing the user with the facility to control the development of the pool. 

Market Cap

The market cap of this trading tool is 3.587B and the market dominance for this tool is 0.14%. 

Circulating Supply

The Circulating Supply of this coin is amazing and it is the total value of the locked coin in the Aave. $16.2 million was raised by selling the one billion units of Aave in the market. 23% of the tokens of Aave are given to the investors. The feasibility of the token swap is also available in this trading pool. This network and its circulating supply are famous because of the foolproof security system available for it. This system is built on the foolproof security system of Ethereum. There are different platforms to buy these coins including CoinBene, Binance, and OKEx. 

This coin was founded in 2017 and it is getting popular since then for its easy-to-use interface and amazing features. It is one of the most reliable blockchain abstraction networks that is helping its users and enabling them in getting universally connected through smart contracts.

Chainlink works on the principle of a decentralized oracle network and keeps your coins safe for you. It allows blockchains for making it easier for the users to securely interact with multiple data feeds, events, and payment methods.

This tool and its structure are driven by the most trusted providers and the largest open-source community of data providers. There are multiple smart contract developers, node operators, genius researchers, security auditors, and more. It is also playing a significant role in providing critical off-chain information. This information is often much needed by complex smart contracts because it helps them in getting the dominant form of digital agreement.

The tool emphasizes making sure that decentralized participation is perfect and secured for all the users and beginners looking to contribute to the network.

Market Cap

The market cap of this platform is $13 billion and the market dominance is 0.51%. 

Circulating Supply

Chain Link is working with a total and maximum supply of 1,000,000,000 LINK tokens currently in the market. The current supply according to the research made in September was about 453,509,553 LINK tokens. This equals 45% of the total supply of these tokens in the market. Around mid-2019 to mid-2020 the prices went down because of the mess and burns created by the excessive use. T

he price of Chain Link is $0.11 and a total of 350 million LINK tokens were thought to be sold once it was made public for the users. In the market, the bulls of this tool were colloquially referred to as “LINK Marines. This, later on, became a well-known meme in the crypto community. 

When it comes to the distribution of the rewards, the ICO documentation divides 35% of the total token supply towards node operators. A part of it also delivered to the incentivization of the ecosystem.

Another 35% of LINK tokens were given generously during public sale events price of this reliable platform reached an exceptionally high of $52.88 in 2021. It was the peak of the back of an overall crypto market rally. It happened because of the ongoing developments in the Chainlink ecosystem.

The remaining 30% of the total token supply is the best part of the company for the continued development of the Chainlink ecosystem and network

Uniswap (UNI)

It is a popular exchange protocol that is famous for its investment options and the great role that it plays in the automation for the trading of decentralized finance tokens. The best thing about this token is that it launched in November 2018 and has already gained the trust of many users. This helps in increasing the facilitation of the customers by keeping the process of an automation open for anyone who has enough tokens. 

It also has the best efficiency against tradition VS traditional exchange. Any liquidity solution is automatically solved by this coin and you will not face any decentralized exchange. Users can easily shape their future when they are using this coin because of the potential, profitability, and reliability of this coin. 

Market Cap

The market cap of this coin is $9 billion with a market cap dominance of 0.35%. 

Circulating Supply

The total supply of these coins in the market is around 1 billion units in the market. The inflation rate of these coins will become 2 percent in the market shortly. The token distribution of these coins is exemplary and it is distributed widely. 60% of the total income is given to the community members while 21% goes to the team members and 0.69% is given to the advisors. 17.8% is given to the investors and there is a three to four-year schedule for this distribution. 

PancakeSwap (CAKE)

It is one of the most popular decentralized trading pools for users in the market. It has become the best coin for trading purposes because of a wide blockchain network. This pool provides an excellent and wide-ranging feature set for the users. With the help of this platform, you can easily use the BNB token and many other varieties of coins as well. The best thing about using this feature is that you will not have to focus on the private keys. 

The secure investment and trade on this platform and automation of trade through smart contacts help in an easy transaction. There are no risks for the counterparty as well because all trading is secured with end-to-end encryption. Certik and Slow mist are the famous open-source platforms for increasing the security of trading. The native utility token of the platform is a cake that is now becoming a part of the DeFi coins. 


Market Cap

The market cap of this platform is $3 billion. The trading volume of this platform is said to be 0.14 percent. 

Circulating Supply

The Circulating supply of this platform is currently $240 million cake coins. The total supply of this coin is reaching infinity in today’s market. Experts and financial professionals are recommending using this coin to gain the most exchange. It has the most active rate for the exchange in the market. 

Avalanche (AVAX)

Avalanche is an excellent layer of one blockchain with the best function and foolproof security. This platform is famous for its decentralized applications. It also gives its users the best option for custom blockchain networks to protect them from hackers. Avalanche has a unique architecture and it has the most famous DeFi coins interface. It does not affect your scalability as well. 

There are three types of blockchains present in these chains including X-Chain, C-Chain, and P-Chain. This tool is considered to be the rival of Ethereum. This is because the results of the infrastructure of this tool are aiming to unseat Ethereum. It wants to replace it with the most popular blockchain.

This popularity is shared for the smart contracts and it wants to get that. You can also use this tool to get your hands on higher transactions.

The chains of the tool have a distinct purpose and it helps in the use of multiple Bitcoin and Ethereum use. This platform is important for continuously updating itself and working on developing its ecosystem.

Multiple Ethereum-based projects including Sushi Swap and True USD are now integrated with Avalanche. They are named so because all nodes are important for transactions. Avalanche blockchains even use different consensus mechanisms based on their use cases. 

Market Cap

The marketing cap of this tool is $26 billion and the volume of trading is 1.64 billion. 

Circulating Supply

The total supply of AVAX in the market is 720 million. Its token distribution is 2.5% -for the seed sales. 10% profit is spent on the release of mainnet launch and the rest is spent every 3 months after the release. For a private sale, it spends a profit of 3.5 percent. It also makes sure to circulate the supply for public sale events.

You can observe a sale of 10% release for the mainnet launch. A reward of 10% is also given to the team and the company workers. This tool has the highest staking rewards of 50%.

See ya in the next article !

Don’t forget to follow useful articles about Crypto Market from team Holding B !!!