{"id":392705,"date":"2023-05-12T22:53:42","date_gmt":"2023-05-12T22:53:42","guid":{"rendered":"https:\/\/insidebitcoins.com\/?page_id=392705"},"modified":"2024-04-20T22:25:19","modified_gmt":"2024-04-20T22:25:19","slug":"best-defi-coins","status":"publish","type":"page","link":"https:\/\/insidebitcoins.com\/buy-cryptocurrency\/best-defi-coins","title":{"rendered":"10+ Best DeFi Coins to Buy in 2024 – Decentralized Finance Tokens"},"content":{"rendered":"
A lot of new projects spring up in the DeFi industry every year each of them offering alternative solutions different from the traditional financial institutions. As long as DeFi is all about decentralization and having no intermediary between the customer and the platform, they use another medium of exchange other than traditional money. <\/span><\/p>\n Each DeFi project issues a native cryptocurrency to power its ecosystem and conduct transactions between its network. Hence along with the development of the DeFi industry, the number of DeFi coins has grown significantly. Some of these DeFi coins start at low prices and experience exponential growth once the project develops. <\/span><\/p>\n In this guide, we will introduce the best DeFi coins to buy in 2024, which have a lot of potential for growth in the future. We will also discuss the benefits and risks of investing in the DeFi sector and discover the best platform to buy DeFi coins effectively and quickly. <\/span><\/p>\n Here are the top DeFi coins as of 2024:<\/p>\n With hundreds of DeFi coins available to buy, you may be confused about which one to buy and which coins to avoid in 2024. In this section of our guide, we have analyzed the 15 best DeFi coins our experts have picked as excellent investments for 2024. Read on to find the most attractive projects to add to your DeFi portfolio. <\/span><\/p>\n Dogeverse<\/a> is one of the best DeFi coins to invest in this year with its unique crypto community-focused concept of a cross-chain verse. In contrast to the abundance of meme coins, which usually don’t have any real use or impact, Dogeverse is bringing groundbreaking value to the cryptocurrency space.<\/p>\n To begin with, Dogeverse is the first meme token developed on a multi-chain network, providing traders with community access and flexibility. The central mascot of the platform is the popular Doge “Cosmo,” a traveler who hops from one blockchain to another. By combining the Doge with its practical multi-chain functionality, Dogeverse is ensuring the best of both worlds.<\/p>\n <\/p>\n Dogeverse makes it possible for token holders to hop between six blockchains – Ethereum, Polygon, BNB Chain, Solana, Base, and Avalanche – using bridge technology. This feature of token transfers between blockchains is opening the door to a much larger and more scalable ecosystem that blends communication, creativity, community, and rewards.<\/p>\n The otherwise stereotyped world of meme coins is seeing an all-new and improved twist with Dogeverse and its multi-chain functionality. The presale numbers speak for themselves; as of this writing, Dogeverse has raised over $8.34 million. Investors will have total control over how they engage with the Dogeverse ecosystem once the multi-chain deployment is operational.<\/p>\n Buy Dogeverse<\/strong><\/span><\/a><\/span><\/p>\n Your capital is at risk.<\/em><\/p>\n MakerDAO<\/span><\/a> is a decentralized autonomous organization that provides a DeFi landing platform. The project issues two types of coins – DAI, which is a stablecoin, and MKR, which has governance purposes. <\/span><\/p>\n As DAI is a stablecoin it is pegged to the USD and always equals $1. Anyone can use MakerDAO to open a vault, lock in crypto collateral, and generate a stablecoin DAI as a debt against it. Users can borrow DAI worth up to 66% of their collateral. <\/span><\/p>\n MakerDAO was founded in 2014 by CEO Rune Christensen, a US cryptocurrency entrepreneur 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.<\/span><\/p>\n DeFi coin <\/span>MKR<\/span><\/a> is a decentralized ERC-20 token produced on the Ethereum platform. Anyone holding MKR tokens has voting power and can contribute to developing the smart contracts underlying MakerDAO. <\/span><\/p>\n <\/p>\n 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 decreased to $660 after the recent collapse of the general crypto market. So, this can be a good time to buy MKR tokens at a low price until the next bullish cycle starts. <\/span><\/p>\n The DeFi Reddit for MKR – the <\/span>r\/MakerDao<\/span><\/i> subreddit – has over 36,500 subscribers.<\/span><\/p>\n Buy MKR<\/strong><\/span><\/a><\/span><\/p>\n Your capital is at risk.<\/em><\/p>\n Curve Finance provides a decentralized exchange built on the Ethereum blockchain that concentrates on stablecoin trading with low slippage. Its decentralized exchange is called <\/span>Curve.fi<\/span><\/a>, and uses an automated market maker system. The advantage of this exchange is that it focuses on making swaps between tokens easier and with lower transactions. <\/span><\/p>\n Apart from it, Curve DAO issues a governance token called <\/span>CRV<\/span> which aims to manage the Curve Finance ecosystem. The Curve DAO token (CRV) is popular with investors as it can be staked to earn fees on Curve.fi. <\/span><\/p>\n <\/p>\n 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.<\/span><\/p>\n CRV entered the market in 2020 with an initial price of above $10, but the coin’s value dropped soon as the market entered a deep bear cycle. DeFi investors are optimistic that it will have a bull run in the future, which will see it retest 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.<\/span><\/p>\n Buy CRV<\/strong><\/span><\/a><\/span><\/p>\n Your capital is at risk.<\/em><\/p>\n Like Maker, <\/span>Aave<\/span><\/a> is also related to the lending sector of decentralized finance and is rated among the top 5 DeFi coins in terms of TVL (total value locked). The Aave DeFi protocol is an open-source, non-custodial liquidity protocol where users can borrow and supply crypto assets, earning yield on any they supply. <\/span><\/p>\n The protocol also enables users to take out, known as Flash Loans in DeFi – based on the amount of collateral they put up. To govern its ecosystem, Aave has launched a native token called <\/span>AAVE<\/span>. Having this governance token, people can vote on the future direction of the Aave DeFi project, changes, and upgrades.<\/span><\/p>\n AAVE’s ICO was conducted in 2017, and it started with a price of $52 for each coin and $16 million in funding, AAVE today has a market capitalization of over $926 billion, according to CoinMarketcap.com and is the 48th largest crypto asset by market cap. <\/span><\/p>\n <\/p>\n Though such popular coins as 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 market caps than Aave, they aren’t thought of as DeFi coins.<\/span><\/p>\n Hence, regarding 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.<\/span><\/p>\n After hitting its all-time high of $629, AAVE has been in a bear market, dropping its price below its listing price of $52 by the end of 2022. Though the coin’s value recovered to $64 during 2023, some investors that like ‘buy the dip’ with a ‘buy low, sell high’ strategy see it as one of the best DeFi coins in 2024. <\/span><\/p>\n The DeFi Reddit for Aave, r\/Aave_Official, has over 16.400 subscribers.<\/span><\/p>\n Buy AAVE<\/strong><\/span><\/a><\/span><\/p>\n Your capital is at risk.<\/em><\/p>\n Uniswap<\/span><\/a> is one of the market’s first and most popular decentralized exchange platforms. The DEX 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.<\/span><\/p>\n 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. Uniswap has a native token called <\/span>UNI<\/span> which has a couple of use cases and is used to provide liquidity to the platform and for governance purposes. <\/span><\/p>\n <\/p>\n Like AAVE, the UNI coin has been in a bearish downtrend since late 2021. The coin is currently traded at $5, more than 8 times lower than its all-time high in May 2021. Still, many investors believe in the future of Decentralized exchanges and their potential for mass adoption. <\/span><\/p>\n 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. And Uniswap is considered one of the best DeFi coins to buy in terms of TVL, popularity among DeFi enthusiasts, innovative solutions, etc. <\/span><\/p>\n The Uniswap Protocol Reddit r\/UniSwap has over 68.200 readers.<\/span><\/p>\n Buy UNI<\/strong><\/span><\/a><\/span><\/p>\n Your capital is at risk.<\/em><\/p>\n Avalanche is a DeFi crypto project that offers users a platform to develop decentralized applications and custom blockchain networks. Known as one of the primary rivals of pre-merge Ethereum, Avalanche boasts a high transaction speed, reaching above 6500 transactions per second.<\/p>\n <\/p>\n This project was founded by Ava Labs in a bid to provide a more scalable DeFi solution than Ethereum. Avalanche became an answer to this by designing three interoperable blockchains.<\/p>\n The Exchange Chain is where the native tokens – AVAX – are created and exchanged. The Contract Chain hosts smart contracts and has its own Avalanche Virtual Machine. Finally, the platform chain is here to coordinate network validators.<\/p>\n This specialized division of tasks allows Avalanche to provide complete DeFi solutions without compromising with decentralization. It is one of the reasons why Avalanche is one of the top DeFi coins on CoinMarketCap.<\/p>\n Buy AVAX<\/strong><\/span><\/a><\/span><\/p>\n Your capital is at risk.<\/em><\/p>\n Compound<\/span> is another popular DeFi platform ranked the #116 largest cryptocurrency by its market capitalization. Built on the Ethereum blockchain, Compound provides a decentralized, algorithmic money market protocol that helps users to earn interest by lending cryptocurrencies. <\/span><\/p>\n Meanwhile, users can borrow cryptocurrencies as a loan against their crypto asset collateral. Compound supports The protocol supports a number of popular cryptocurrencies, including Dai (DAI), Ether (ETH), USD Coin (USDC), Ox (ZRX), Tether (USDT), Wrapped BTC (WBTC), Basic Attention Token (BAT), Augur (REP), and Sai (SAI).<\/span><\/p>\n <\/p>\n Founded in 2017 by Compound Labs and having $8 million in funding, Compound currently has a market cap of over $272 million. Though Compound’s idea is not new in the DeFi sector, <\/span>its innovative use of algorithms to create liquid money markets and adjust interest rates in real-time, and the ability to create large liquidity pools, made it stand out from alternatives and attracted high investor interest, including from Coinbase and Polychain Capital.<\/span><\/p>\n Compound’s native token is <\/span>COMP<\/span>, which is used to reward users for lending COMP tokens, borrowing, and repaying loans. COMP token is currently in the deep bearish market with a price of $36.54, but this may change once the crypto market takes the next bullish run. So, it is a good time to buy a COMP token if you will believe in the project’s future. <\/span><\/p>\n For more information, visit our Compound price prediction<\/a>.<\/p>\n Buy COMP<\/strong><\/span><\/a><\/span><\/p>\n Your capital is at risk.<\/em><\/p>\n SushiSwap<\/span><\/a> was a fork of Uniswap that emerged in Sept 2020, and similar to Uniswap, it is a fully decentralized exchange that relies on liquidity pools and the automated market maker. The trading is conducted only through the code, meaning no central authority or middleman is needed to execute or keep track of the trade. <\/span><\/p>\n The platform’s native token is <\/span>SUSHI<\/span> which is used for governance and utility purposes. Users holding SUSHI can vote on the projects regarding the development of Sushiswap. SUSHI is also used to reward DEX users who provide liquidity to the Sushiswap’s pools. <\/span><\/p>\n SUSHI went on a massive bull run, being one of the best DeFi coins to invest in during late 2020 – early 2021, rising from under $1 to over $20. However, the prices started to decrease when one of the network’s founders Chef Nomi, sold all his stake in the company, tokens worth $14 million.<\/span><\/p>\n <\/p>\n SUSHI was once called an exit scam and pump and dump \/ Ponzi scheme due to the volatile rise and then crashed – there’s a saying in crypto ‘<\/span>scams pump the hardest<\/span><\/i>‘. Although Chef Nomi did later return the funds and control of the Sushiswap project, the project changed its CEO. The current CEO of the project is Jared Grey, who has recently announced about no long-being “inspired” because of the crypto crackdown. <\/span><\/p>\n With all this happening around the Sushiswap, it is still one of the most popular DeFi projects, and its native token, SUSHI is believed to be a good long-term investment. SUSHI’s price is currently down to below the $1 mark, so this can be a good time to add some SUSHI tokens to your portfolio.<\/span><\/p>\n Buy SUSHI<\/strong><\/span><\/a><\/span><\/p>\n Your capital is at risk.<\/em><\/p>\n dYdX<\/span><\/a> is a layer-2 (L2) non-custodial DEX trading platform that provides multiple trading tools for advanced traders. The platform supports perpetual futures trading, margin trading on leverage, and spot trading. It runs on audited smart contracts on Ethereum and combines off-chain order books with an on-chain settlement layer. <\/span><\/p>\n dYdX fee structure is also quite attractive. First of all, traders don’t need to pay any gas fees for trading on the platform, as all the transactions are executed on Layer 2. Trading fees, such as maker and taker fees, are quite low, and there are also low minimum trade sizes. dYdX enables traders to go long or short with 25x leverage on BTC-USD, ETH-USD, LINK-USD, UNI-USD, AAVE-USD, and other trading pairs.<\/span><\/p>\n <\/p>\n The DeFi project also has a native token with the symbol <\/span>DYDX<\/span><\/a>. It is an ERC-20 governance token and helps to manage the project. DeFi coin DYDX got listed on exchanges in 2021 with a price of $13 but went on a bullish run during that year and hit $26. The coin’s value is down to 2.2 at the time of writing, associated with the downtrend in the general market. <\/span><\/p>\n Since it can also be staked within Binance Earn, DYDX is one of the best DeFi coins on Binance.<\/span><\/p>\n10+ Best DeFi Coins to Buy in 2024<\/strong><\/h2>\n
\n
Top DeFi Coins To Buy Reviewed – Full List<\/strong><\/h2>\n
Dogeverse – Upcoming DeFi Coin Offering Multi-Chain Flexibility <\/strong><\/h2>\n
Maker – Decentralized Crypto Lending Platform<\/strong><\/h3>\n
Curve – Decentralized Exchange with Focus on Stablecoin Trading<\/strong><\/h3>\n
Aave – DeFi Platform that Enables Lending and Borrowing of Crypto<\/strong><\/h3>\n
Uniswap – Leading DEX with a Number of Features to Earn through Crypto<\/strong><\/span><\/h3>\n
Avalanche – Top DeFi Crypto by Market Capitalization<\/strong><\/h3>\n
Compound – Decentralized Money Market Protocol<\/strong><\/h3>\n
Sushiswap – Popular DeFi Coin to Buy in 2024<\/strong><\/h3>\n
DYDX – Decentralized Exchange that Supports Perpetual Trading<\/strong><\/h3>\n