The basic meaning of DeFi, which stands for decentralized finance, can be summarized as taking traditional centralized financial institutions – such as banks, brokers, lenders, insurance companies – out of the equation, and having no intermediary between the customer and the DeFi project or platform. Since fiat currency is also not relied upon – as it’s tied to third party central banks and governments – DeFi platforms use cryptocurrency. The value of many of those DeFi related crypto coins has risen exponentially – the total value locked (TVL) in the DeFi market increased from $2 billion at the start of 2020 to over $100 billion at the end of 2021. On this Page:Contents [show] Best DeFi Coins to Buy in August 2022 Lucky Block – New Decentralized Lottery Project in 2022 Maker – Decentralized Crypto Lending Platform Curve – DEX Liquidity Pool Aave – Decentralized Liquidity and Lending Protocol Uniswap – Decentralized Exchange Token Compound – Decentralized Money Market Protocol SushiSwap – Best DeFi Coin in 2020 DYDX – Best DeFi Coin in 2021 Synthetix – Decentralized Derivatives Trading Loopring – Layer 2 DeFi scaling solution Best Place to Buy DeFi Coins As well as being an FCA regulated platform to buy DeFi coins and other cryptos like Bitcoin and Ethereum, eToro is also a social trading site where you can get opinions on the best DeFi coins to buy from other investors, and copytrade the buys and sells or DeFi portfolio allocation of professionals investing in DeFi. Invest$=Paxos StandardPaxos StandardStellarXRPLitecoinEthereumBitcoin CashBitcoinMonaCoinAugurBancor Network TokenGolem Network TokenMakerGnosisAragonBasic Attention TokenStatus Network TokenCrypto.comStorjDecentralandUtrustEnjin CoinChainlinkUSD CoinBitTorrentHedgeTradeQuantCrypto.com Chain TokenMatic NetworkOcean ProtocolAlgorandSwipeOrchid ProtocolMulti Collateral DaiCyberVeinHedera HashgraphUniBrightLoopring0xHiveRevainNervos NetworkSynthetixTetherCompoundCeloKusamaVergeTerraBitcoin GoldSteemKomodoEthereum ClassicZCashVeChainZilliqaTRONTezosSiacoinRavencoinQTUMOntologyOMG NetworkNEONEMMoneroLiskIOTAIOS tokenICON ProjectFantomEOSDogecoinDecredDashCosmosCardanoBitsharesBitcoin SVWavesyearn.financeKyber NetworkPAX GoldKavaBalancerCurve DAO TokenNanoBand ProtocolUMAStoxRENRIF TokenReserve RightsEnergy Web TokenFTX TokenElectroneumCelsius NetworkThorchainAaveSerumSushiBinance CoinHeliumZBChilizElrondAvalancheTomoChainDFI.moneyBitcoin DiamondThetaHuobi TokenBlockstackPolkadotStacksSolaSolanaStratisPlusCoinPolygonMachine Xchange CoinUniswap Protocol TokenHoloWrapped BitcoinThe GraphDaixDai ChainShiba InuSafeMoon1inchThe SandboxAxie Infinity ShardsHoge FinanceAlien WorldsYield Guild GamesAnkr NetworkAPI3AmpLivepeerMy Neighbor AliceOrigin ProtocolHydro ProtocolOasis LabsRaydiumIlluviumRender TokenGalaTravalaPancakeSwapEthernity ChainHarmonyCartesiImpactGasMercury ProtocolNeariEx.ecNumeraireGemini DollarPARSIQaelfABBC CoinArdorAmpleforthArweaveWorldwide Asset eXchangeHorizenBytomGatechain TokenJUSTHyperCashNEXOFloki InuWirex TokenRefreshMore Filters1 Providers that match your filtersSort ByRatingRatingPrice1 Providers that match your filters Payment methodsCredit CardGiropayNetellerPaypalSepa TransferSkrillSofortFeaturesInstant VerificationFor BeginnersWallet ServiceMobile AppUsabilityVery GoodGoodAverageBadSupportVery GoodGoodAverageBadFees0 or betterSafety0 or betterCoin selection0 or betterRating0 or betterClear FilterRatingfor $1000 you get0.8625 MKRFeaturesEasiest to depositMost regulatedCopytrade winning investorsFeesSafetyCoin selectionfor $1000 you get0.8625 MKRBuy MakerRead Review68% of retail CFD accounts lose money.FeaturesPayment methods What are DeFi Coins? The term DeFi coins usually refers to coins that perform one or two specific functions on a particular DeFi project – compared to investing in e.g. Ethereum, Cardano, Polkadot or Solana which are thought of more as the umbrella cryptos that DeFi projects and DeFi apps run on, rather than DeFi coins themselves per se. Best DeFi Coins to Invest in – Top 10 List There are over 500 DeFi coins listed on Coinmarketcap and Coingecko, new and old, our analysts attemped to answer what are the best DeFi coins to buy now in August 2022. 1. Lucky Block – New Decentralized Lottery Project in 2022 Lucky Block is a new decentralized lottery project making use of blockchain technology and smart contracts to make playing the lottery fairer and more transparent – less dependent on local governments or open to manipulation. Its native token LBLOCK is one of the best upcoming DeFi coins, recently trending on Reddit. With its mission statement being to provide a lottery ‘for the people, owned by the people‘, holders of LBLOCK essentially buy shares in this upcoming DeFi project and have a say in the direction of the project – the Lucky Block Telegram group currently has 42,000+ members. They also receive passive income rewards for holding in the form of jackpot prizepool redistributions. LBLOCK coin price chart Being an early investor in DeFi projects provides the best return on investment (ROI) in the long-term – LBLOCK tops our ranking as the best DeFi coin to buy since it was launched most recently, on Jan 26th 2022, and has been in a bullish uptrend since then. From its presale price of $0.00019 it reached a current all-time high (ATH) of just under $0.01, a 50x gain in one month making it one of the best new DeFi coins to buy in 2022. The price has now entered sideways consolidation and has some upcoming events on its roadmap such as its first lottery draw and minting of NFTs, both taking place in March 2022. Those events and future crypto exchange listings – currently LBLOCK is only available on Pancakeswap DEX and LBank – could make it the next 100x altcoin. Yahoo Finance described LBLOCK as a unique up-and-coming trending DeFi token – its fully diluted market cap is still around $500 million, so it has room to grow if it captures a slice of the global lottery gambling market which is valued in the hundreds of billions. Buy LBLOCK Your capital is at risk. 2. Maker – Decentralized Lending Platform DeFi coin Maker (MKR) is a decentralised ERC-20 token produced on the Ethereum platform by the project MakerDAO, which is a decentralized landing platform (DAO stands for decentralized autonomous organisation) that corrects issues with the traditional financial sector. MakerDAO makes it possible to lend and borrow cryptocurrency without credit checks – decentralized lending is a major part of DeFi, which aims to provide viable alternatives to the traditional financial services that most of the general public uses today. Anyone can use MakerDAO to open a vault, lock in crypto collateral, and generate a stablecoin DAI as debt against it. Users can borrow DAI worth up to 66% of their collateral. DAI is pegged to the value of the US dollar like Tether. MKR DeFi coin price chart MakerDAO was founded in 2014 by CEO Rune Christensen, a US cryptocurrency entrepeneur based in California. Holders of Maker’s native token MKR have a say in the future and operation of the decentralized credit platform, voting on risk parameters. MKR was the first tradeable DeFi token on the Ethereum network and a 10x altcoin in 2021, going on a bull run from $600 to $6000. The MKR price has since corrected back to historical support, so could be a good investment in 2022 before its next bull run – altcoins tend to have several bull cycles, e.g. the LRC price graph below. DeFi Pulse, which has a list of the best DeFi coins and invites DeFi project developers to add to ‘the DeFi List’ on its website, ranks Maker #1 in terms of the TVL (total value locked) in USD on the platform, currently over $16 billion. The DeFi Reddit for MKR – the r/MakerDao subreddit – has over 33,000 subscribers. Buy MKR Your capital is at risk. 3. Curve – DEX Liquidity Pool Curve Finance’s native token CRV is one of the best new DeFi coins – the project launched in 2020 but already has the second highest TVL of any DeFi project, currently over $10 billion with similar investor interest to MKR. Defipulse.com categorizes DeFi projects and their related DeFi coins into five categories – lending, payments, assets, derivatives, and DEXes (decentralized exchanges). Curve Finance is the DEXes category – it is a decentralized liquidity pool on the Ethereum blockchain that allows for stablecoin trading with low slippage. CRV DeFi coin price chart The Curve DAO token (CRV) is popular with investors as it can be staked to earn fees on Curve.fi – staking has become one of the largest emerging sectors in cryptocurrency, and the APY outperforms most high street bank savings accounts and investment funds. Crypto staking rewards in a sense are a decentralized form of passive income, with a better ROI than earning interest on fiat money and no need to rely on a bank. CRV also appears to be in an accumulation cycle. DeFi investors are optimistic that it has a bull run in its future which will see it retest the double digit levels. CRV is closely related to another of the best DeFi coins, Convex Finance (CVX) which allows stakers to earn trading fees without locking CRV. Buy CRV Your capital is at risk. 4. Aave – Decentralized Liquidity and Lending Protocol Like Maker, Aave is also related to the lending sector of decentralized finance, and rated among the top 3 – 4 DeFi coins in terms of TVL, currently over $8 billion. The Aave DeFi protocol is an open-source, non-custodial liquidity protocol not tied to any centralized financial institution on which users can borrow and supply crypto assets, earning yield on any they supply. Users can take out crypto loans – known as Flash Loans in DeFi – based on the amount of collateral they put up. Holders of its native token of the same name – with the ticker in capital letters, AAVE – form part of Aave Governance and vote on the future direction of the Aave DeFi project, changes and upgrades. Since its ICO in 2017 which started with $16 million in funding, AAVE today has a market capitalization of over $1.6 billion according to CoinMarketcap.com, and is the 55th largest crypto asset by market cap. AAVE DeFi coin price chart Since its ICO in 2017 which started with $16 million in funding, AAVE today has a market capitalization of over $1.6 billion according to CoinMarketcap.com, and is the 55th largest crypto asset by market cap. Bitcoin, Ethereum, Binance Coin (BNB), Cardano (ADA), Ripple (XRP), Solana, Polkadot and various stablecoins (USDT, USDC, BUSD) and meme coins (Dogecoin, Shiba Inu) have higher marketcaps than Aave although aren’t thought of as DeFi coins. In terms of DeFi coins and decentralized applications (Dapps) that disrupt business models, Aave is one of the larger more established projects and one of the best DeFi coins on Coinbase. Click ‘DeFi’ in the menu on Coinmarketcap to filter for the best DeFi coins. AAVE has been in a bear market for the last 12 months, so some investors that like ‘buy the dip’ with a ‘buy low, sell high’ strategy see it as one of the best DeFi coins in 2022 – once the selling pressure is gone and its market structure turns bullish it could have a strong impulse move to the upside. The DeFi Reddit for Aave, r/Aave_Official, has over 15,000 subscribers. Buy AAVE Your capital is at risk. 5. Uniswap – Decentralized exchange token Similar to Pancakeswap DEX, Uniswap is a decentralized exchange and its native governance token is UNI. Uniswap exchange allows users to trade cryptocurrency directly peer to peer (P2P) without intermediaries, the first of its kind in 2018 to use an automated market maker (AMM) and smart contracts instead of order books. Any user can swap instantly between ETH and another ERC-20 token, and the whole process takes place on-chain without any fees going to any platform owners, as would happen on a centralized crypto exchange. UNI DeFi coin price chart Like AAVE, the UNI coin has been in a bearish downtrend for the last year, currently retesting 2020 support levels where some investors predict it will hold support and bounce. Decentralized finance is not going anywhere – even traditional financial institutions like Goldman Sachs have said DeFi has potential for mass adoption. Decentralized exchanges form an important part of DeFi so it makes sense to invest in the native token of a DEX – the native tokens of other crypto exchanges such as BNB (Binance exchange), FTT (FTX exchange), CRO (Crypto.com exchange) and LEO (Bitfinex exchange) have also been good investments – as cryptocurrency grows in popularity, so do the related tokens of crypto exchanges rise in value. Uniswap is one of the best DeFi coins to buy in terms of TVL – over $7 billion placing, in the top 5 just behind MKR, CRV, CVX and AAVE. Another online review site of the best DeFi coins, DeFi Llama, ranks it a top 10 DeFi coin. The Uniswap Protocol Reddit r/UniSwap has over 61,000 readers. Buy UNI Your capital is at risk. 6. Compound – Decentralized Money Market Protocol Like Maker and Aave, Compound is another part of the decentralized lending sector and ranked in the ten best DeFi coins by TVL, over $6 billion at the time of writing. Compound is a decentralized, Ethereum blockchain-based algorithmic money market protocol allowing users to earn compound interest on crypto they lend, and to borrow crypto as a loan against their crypto asset collateral. The protocol supports ETH, DAI, USDC, WBTC, SAI, REP, BAT and ZRX. UNI DeFi coin price chart As you now know from reading this guide to the best DeFi coins, this was not a new idea in the DeFi scene – however its innovative use of algorithms to create liquid money markets and adjust interest rates in real-time, and ability to create large liquidity pools, made it stand out from alternatives and attracted high investor interest, including from Coinbase and Polychain Capital. Compound Labs Inc. was founded in 2017 as a startup with $8 million in funding and today has a market capitalization in the top 100 crypto assets, of over $700 million. Users of the Compound Protocol are rewarded with its token COMP – earning COMP for borrowing, and repaying loans. Retail investors looking to invest in DeFi might be interested in COMP as its value should increase as the Compound Protocol increases in market dominance, making it potentially one of the best DeFi coins to invest in. Buy COMP Your capital is at risk. 7. Sushiswap- Best DeFi Coin of 2020 SushiSwap was a fork of Uniswap in Sept 2020 and its native coin SUSHI went on a massive bull run, being on the best DeFi coins to invest in during late 2020 – early 2021, rising from under $1 to over $20. Having now corrected to $3, a similar scale of correction as Bitcoin going down from $20k to $3k before going up, it may be good time to invest in this DeFi coin. Like Uniswap and Balancer, Sushiswap is a fully decentralized exchange that uses liquidity pools and an automated market maker, placing assets in smart contracts. No central authority or middleman is needed, only code. SUSHI DeFi coin price chart One issue with SUSHI is that one of the network’s founders, Chef Nomi, sold all his stake in the company, tokens worth $14 million, causing prices to dump. SUSHI was at one time called an exit scam and pump and dump / ponzi scheme due to the volatile rise then crash – there’s a saying in crypto ‘scams pump the hardest‘. Although Chef Nomi did later return the funds and control of the Sushiswap project control was passed on to FTX CEO Sam Bankman-Fried. It remains to be seen whether under new developers the best DeFi coin of early 2021 will have another bull run and be a popular investment again. Do your own research (DYOR) and only invest what you can afford to lose. Buy SUSHI Your capital is at risk. 8. dYdX – Best DeFi Coin of 2021 dYdX is a layer-2 (L2) non-custodial DEX trading platform that supports perpetual futures trading, margin trading on leverage, as well as spot trading. It runs on audited smart contracts on Ethereum and combines off-chain order books with an on-chain settlement layer. Traders can trade with zero gas costs, low trading fees and low minimum trade sizes. They can go long or short with 25x leverage on BTC-USD, ETH-USD, LINK-USD, UNI-USD, AAVE-USD and other trading pairs. DYDX DeFi coin price chart The pump in the price of DYDX, its ERC20 governance token, was so fast it doesn’t appear on the CoinGecko price chart above. However if you check the Binance DYDX/USDT trading pair, it opened trading there at $3 in early September 2021 and rose to $27 by the end of the month, almost a 1000% gain (10x). Since then it has retraced almost that entire run, revisiting $4, an important lesson to always take profit and not let the market erase your PnL (profit and loss) gains. For investors that are still bullish long-term on DYDX, now could be a good time to invest in what was once one of the best new DeFi coins to buy. Since can also be staked within Binance Earn, DYDX is one of the best DeFi coins on Binance. Buy DYDX Your capital is at risk. 9. Synthetix – Decentralized Derivatives Trading Synthetix is a DEX platform that creates synthetic assets for trading, that it calls synths – derivatives traders can use these to speculate on the price direction of commodities (e.g. Gold, Silver, Oil), stocks, indices, fiat currencies (e.g. USD, EUR, GBP) and cryptocurrencies without having to own those underlying assets physically. Users can mint their own synths on platforms like Mintr by locking in collateral in the form of ETH or the native token of the Synthetix platform, SNX. They can then earn revenue from the transaction fees – when synths are traded, fees go to Synth minters and SNX holders, as an incentive to use the platform to create synths, and to hold SNX. SNX DeFi coin price chart Synthetix was governed at first by a non-profit foundation, which was replaced in 2020 by three decentralized autonomous organizations (DAOs). SNX holders use these DAOs to vote on protocol changes and make decisions about the protocol’s future. While the SNX price action has been bearish for the past year, it appears to have found support at $3 and has released fundamental updates to its roadmap including the Peacock upgrade which fixed the FeePool rewards distribution, and has announced a partnership with Gauntlet for automated derivatives risk management, and several other companies. Upgrades and partnerships are usually a good time in invest in altcoins. Buy SNX Your capital is at risk. 10. Loopring – Layer 2 DeFi scaling solution The Loopring protocol allows developers to build their own DEX (decentralized exchange), and creates an interconnected system of trading platforms for traders to access from one dashboard. Loopring users deposit their assets on-chain into a zkRollup smart contract. Zk-rollups are a Layer 2 (L2) scaling solution that allows blockchains to validate transactions quickly while maintaining cheap gas fees. Loopring’s native token LRC, launched in 2017, is a deflationary utility token fuelling operations on the protocol, including voting, staking, liquidity and an insurance fund. Tokens that are deflationary are usually a good investment as their deflation refers to them being ‘burnt’ and the supply decreasing – which by the laws of supply and demand should mean demand increases. In the case of LRC, the protocol burns LRC tokens and removes them permanently from circulation, helping them to hold their value and become scarce – although the total supply of LRC did begin at a high amount, 1.37 billion. Currently its circulating supply has been reduced to 1.2 billion over the year – we’d rate it higher on our ranking of the best DeFi coins to invest in if the rate of burning was faster. LRC DeFi coin price chart The LRC chart has had two rapid bull cycles in its price history, with a multi-year bear market in between them. This common price action (PA) in crypto markets is why we recommended DeFi projects on this list that are currently at low prices, haven’t yet had a bull cycle, or have only had one. For example CRV hasn’t seen a pump like this, and LBLOCK is still currently in price discovery being so new. Jan 2018 was when Bitcoin began its crash from $20k, slowly dumping to $3k so it makes sense that LRC didn’t go up around that time – however the fact is set a new ATH recently indicates renewed investor interest in the project. Loopring has stood the test of time and been audited by the Least Authority, whose audit reports are publicly available on Github. The LRC price now appears to have found support at around $0.75 so a return to ATH would be a 400% gain from its current price point. Buy LRC Your capital is at risk. How we Ranked the Top 10 DeFi Coins Our top list of the best DeFi coins draws from a range of metrics for investors looking to diversify their portfolio: Use Cases Our list of best DeFi coins includes those related to range of decentralized finance sectors and aspects including lending, DEXes, assets, derivatives, scalability, and unique standalone projects like decentralized lotteries. As DeFi continues to grow in 2022 all coins should rise in value in a DeFi bull market but its reduces variance to hedge your bets and invest in DeFi coins with a range of use cases and applications – don’t go ‘all in’ on one coin you see as a ‘hidden gem’ or get married to your bags – set a stoploss on every position. DeFi Applications In this guide we mostly focused on specifically DeFi related coins that form part of DeFi protocols. In a loose sense however, all cryptos including the oldest, Bitcoin, fall under the umbrella of decentralized finance as they are an alternative to centralized finance, i.e. fiat currency, central banks, the Federal Reserve, fractional reserve banking, and governments. Some other online lists of the best DeFi coins to buy include tokens like MANA, which allows you to invest in the Decentraland MetaVerse and buy NFTs (non-fungible tokens). NFTs are a separate emerging asset class alongside crypto and DeFi but also relate to decentralization, in the sense of digitalizing ownership of assets and preventing fraud. MetaVerse coins like MANA can be thought of as decentralizing gaming, as the MetaVerse is a virtual reality world. Potential for Growth None of these DeFi coins listed have yet broken into the top 20 crypto assets in terms of market cap – Uniswap is closest, ranked #25 on Coinmarketcap – so they have potential to grow and ‘flip’ assets above it in marketcap – especially meme tokens with little use case other than speculation such as DOGE and SHIB, both in the top 15. LBLOCK is currently ranked #2945 – having the most growth potential is one of the reasons we considered it among the best new DeFi coins. Past Performance All of the best DeFi coins we reviewed have delivered a high return on investment (ROI) in the past, and are now currently trading at a discount. Some were not only the best DeFi coins but also the best crypto coins to buy for high gains at one point, i.e. SUSHI, DYDX and LBLOCK in 2020, 2021 and 2022. Past performance isn’t always an indication of future results, but if several of these are in your portfolio and some do revisit their previous ATH in the next bull run and enter price discovery, you’d have made a profitable investment. Passive Income Many of the DeFi coins we reviewed can generate passive income while holding them, another way to earn returns even during periods of time when the value of the underlying asset doesn’t go up. For example CRV can be staked for high yield and LBLOCK holders receive part of the daily lottery jackpot, relative to the number of tokens they hold. To learn more about how to earn interest on crypto, see our guide to the best crypto savings accounts. Cheap Cost Many DeFi coins and other cryptos today are at low prices now due to macro factors such as a selloff in stocks, the Ukraine-Russia crisis, fears of a recession and the FED hiking interest rates. While it is very hard to time the exact bottom of a market, dollar cost averaging (DCA) into the best DeFi coins to buy now should pay off as a long-term investment once the markets are bottomed out and a new crypto bull run starts – potentially in the run up to the 2024 Bitcoin halving. Our list of the best DeFi coins includes some of the best cheap DeFi coins. LBLOCK for example is currently priced under 1 cent per coin, and LRC is one of the best DeFi coins under $1. Low priced tokens are often some of the best long term DeFi coins worth investing in. Buy DeFi Coins Now Your capital is at risk. DeFi Crypto Marketcap Despite the selloff and correction in Q1 2022, the overall DeFi market structure is in a bullish uptrend, and institutional investors such as Goldman Sachs that were once skeptical on crypto and DeFi coins have acknowledged their use case and potential for adoption. Total DeFi market cap – via Tradingview Update – the sell off continued partly due to Terra (LUNA) crashing to under $2. See our DeFi market cap prediction page for updated charts – the current 2022 low is $62.5 billion. Are DeFi Coins a Good Investment? Cryptocurrency news site Blockworks which also holds the Digital Asset Summit Conference – for institutions looking to invest in crypto or DeFi projects – published excerpts from a Goldman Sachs market report, stating: “The narrative around DeFi has shifted from whether or not these decentralized products can work to how they can continue to grow and scale. Additional structural differences and advantages to DeFi include unique products, faster pace of innovation, higher transparency, more efficiency and lower cost cross-border payments. The innovations in DeFi show potential for adoption and disruption in existing financial systems. They also demonstrate a compelling use case for blockchains and cryptocurrency technology that should help support market valuations for these assets over time. DeFi is easier to access for underbanked populations and provides faster settlements for users. Its growth likely is a product of yield and speculative activity likely also plays a role – but user adoption may also relate to longer-running trends including digitalization, globalization, and declining trust in centralized institutions.” Many individual billionaires and celebrities such as Jack Dorsey and Mark Cuban are also buying DeFi coins. Early Bitcoin investor and billionaire CEO of Galaxy Digital, Mike Novogratz, has called crypto ‘the next internet’ and tied DeFi to Web 3.0, which seeks to incorporate decentralization, increased scalability and and token-based economics into the world wide web. The term Web 3.0 was coined in 2014 by Ethereum co-founder Gavin Wood. Risks of Buying DeFi Coins Often performing a single function on one DeFi app or project, DeFi coins usually have a low market cap, so price fluctuations will be volatile as the price is easily moved by buyers. Pumps will go much higher, and then are more likely to fully retrace as they didn’t build any support on the way up. When you buy DeFi coins it’s more important to monitor the market closely, set take profit limit orders and stoplosses. To best manage risk/reward, it’s also important to not sell too early when the next crypto bull run does come – scale into and out of your positions slowly. In May 2022 the entire DeFi market cap was dragged down alongside the rest of the crypto markets when one DeFi coin, Terra (LUNA) dropped from $90 to under $2 in the space of 48 hours – diversify your DeFi portfolio by investing in a range of different DeFi projects. Don’t put all your eggs in one basket. Where to Buy DeFi Coins FCA regulated crypto platform eToro has listed most of the best DeFi coins on the above list for purchase and trading as of 2022. DeFi portfolio on eToro It also offers the optional choice to invest in their bespoke DeFi Portfolio which contains for example approximately 10% MKR, 10% COMP, 10% UNI, and 10% AAVE which we reviewed above, alongside other DeFi coins. Its returns in the last 12 months were 39%. It also contains LINK, ALGO, MANA, BAT, and YFI – (Yearn.Finance) although there is some FUD in March 2022 about a developer leaving the YFI project. eToro continually adjusts its copy portfolios. How to buy DeFi Coins Step by Step Visit the official eToro.com website and click ‘Get started’ or ‘Sign up’. Enter an email address, username and password or sign up with Facebook / Google Plus Verify your identity with the required KYC (know your customer) documents, including a scanned copy of your government-issued ID Deposit funds by bank transfer, debit or credit card, Paypal, e-wallet or other methods Search the name of a DeFi project or ticker of a DeFi coin in the top menu bar Curve (CRV) is listed on eToro Click ‘Trade’, enter an amount of the DeFi coin to buy, then confirm the order by clicking ‘Open Trade’ In the case of LBLOCK, visit the LuckyBlock.com website for instructions on how to buy DeFi coins on Pancakeswap DEX using BNB and a DeFi Wallet Pancakeswap is itself one of the best DeFi projects – the largest DEX in the Binance Smart chain ecosystem, with DeFi farms (support for yield farming, aka liquidity mining). Where to Trade DeFi Coins If you want to margin trade DeFi coins on leverage, many of the best DeFi coins have perpetual futures tradings pairs on cryptocurrency exchanges such as: Binance – also has DeFi staking of AAVE, DYDX Bitfinex ByBit – also dual asset mining on UNI Capital.com Crypto.com – also has a DeFi wallet Huobi – also has Solana staking KuCoin FTX Conclusion We reviewed a mixture of brand new DeFi projects in 2022 like Lucky Block, fairly new DeFi coins launched around 2020 – 2021 like CRV, and long-established DeFi coins that survived the 2018 bear market and attracted new investor interest after that, like MKR. Some are the best small cap DeFi coins, others are large cap DeFi coins like UNI. Some are the best DeFi coins to stake and earn passive income on while holding. Some were the best performing DeFi coins in previous crypto history – e.g. SUSHI and DYDX. All have an active online presence on DeFi Reddit and social media channels. With the exception of Lucky Block which is so new it’s currently only available on Pancakeswap DEX and one centralized exchange, LBank, the other best DeFi coins to buy on our list are all now available at eToro, a regulated crypto platform with over 20 million users. As a social trading platform, all eToro users have a Facebook style news feed and wall they can post their thoughts on the market to, and use to network with others investing in DeFi. Find out what the rest of the market consider the best DeFi coins to invest in, and also copytrade professional traders – buy when they buy, sell when they sell, to automate your decisions and compound your DeFi investments. Alternatively mimic a Smart Portfolio – one of the most copied portfolios on eToro is their DeFi Portfolio, which includes several of the DeFi coins on our list alongside others, and helps to ensure you balance your portfolio at the right times as it is adjusted based on market movements, technical analysis (TA), and fundamental analysis (FA). As most of the best DeFi coins run on Ethereum, you may also want to buy ETH as part of your portfolio – eToro supports ETH 2.0 staking, so another advantage of the platform is you can stake ETH to earn an annual yield. eToro - Our Recommended DeFi Platform Our Rating ASIC, CySEC and FCA regulated - 20 Million Users Worldwide Free Wallet - Store 120+ Cryptos and DeFi Coins Unlosable Private Key - Free Recovery Service Cardano and Ethereum Staking Rewards Copytrade Winning DeFi Investors - Build a DeFi portfolio Invest in DeFi 68% of retail investor accounts lose money when trading CFDs with this provider. FAQs Is Bitcoin a DeFi coin? In a loose sense of decentralizing transactions, Bitcoin, the first cryptocurrency, could be regarded as beginning decentralized finance. However 'DeFi coins' usually refers to coins and tokens that specifically power DeFi projects and protocols, to decentralize all aspects of the financial system beyond just digital currency transactions as a means of exchange. Is Ethereum a DeFi coin? Most DeFi projects run on the Ethereum blockchain - initially the Ethereum dominance in DeFi was 100%, which has since lowered somewhat to 70%, with Solana (SOL), Cardano (ADA) and Polkadot (DOT) taking some of the DeFi market share. The term DeFi coins however usually refers to the secondary layer of smaller coins that perform functions within DeFi projects. It could be said that investing in ETH is similar to investing in DeFi as whole as it does form such a large part of the DeFi space. What are the best DeFi coins to buy right now? We reviewed ten of the best DeFi coins to invest in for 2022 in the guide above, however market conditions can change fast so always exercise caution and keep a diverse portfolio - holding some funds in Bitcoin and Ethereum can protect your capital from variance in the form of rug pulls, abandoned projects and other types of scams. What are the best DeFi projects? See our 'How to Invest in DeFi' guide linked in the menu for a more general overview of the best DeFi projects and investments, rather than specific DeFi coins to buy now. Are DeFi coins a good investment in 2022? Given the DeFi market place has experienced an approximately 50% correction, that has historically been a good time in invest in bull markets - assuming the bull market that began in 2021 is not over.