These DeFi cryptocurrencies have the potential to give good returns in 2022

DeFi, or decentralised financial coins, are now a common feature in the crypto market. It is impossible to ignore their importance in the financial market. DeFi platforms provide a space for borrowing, saving, lending and trading without the traditional bureaucracies of the financial markets. They are a popular option for investors due to their popularity. There are so many of these projects that it can be difficult to choose the best one. These are the top ten most popular DeFi coins you should be considering.

Solana

Solana (SOL) is leading the pack thanks to its consensus mechanism. To verify transactions, this coin uses a proof-of-history mechanism. This has replaced mining and stake common in many projects. Instead, transactions on Solana can be proven to be true by following the timestamps of transactions made on the blockchain in the past. This consensus mechanism speeds up transaction times. Because it doesn’t require any assistance from other platforms, the coin is a layer-1 platform. This makes it a promising and valuable coin that can be expected to grow quickly.

Avalanche

Avalanche or Avax is a top contender in the top ten best DeFi you can invest in. The coin is in direct competition with Ethereum because of cheaper transaction costs and faster transactions. The coin claims to be currently the fastest smart contract platform in crypto and blockchain. Avax recently raised $230 million to support its projects and has had some meaningful connections with other blockchain projects, including Graph, Chainlink and SushiSwap. With the progression, this coin is taking and the interest it is garnering in this space, it is bound to be a top contender to invest and watch in 2022.

Fantom

Fantom is another coin that you should consider adding to your investment portfolio. Fantom has attractive features that will make it a major player in the blockchain market. It is safe, allows for lightning fast transaction speeds, and is open-source, permissible, and decentralised. It has a large market capitalization of more than $3Billion and has seen a significant trading volume. This trend will continue into 2022 as the coin’s popularity grows in the crypto industry. It is a viable coin to invest in, in 2022 and expect good rewards.

Launched in 2019, Harmony developers intended the coin to bridge scalability and decentralisation. It is focused on creating markets for intangibles, fungible tokens, and sharing data. This project has had several significant partnerships and has raised about $300 million to develop its ecosystem. This fund has increased the coin’s value and attracted more users. This project is primarily focused on increasing scalability among networks. It has become a popular platform as well as an investment option. The coin’s expected price increase will be in the coming months according to projections.

Waves

Wave is a unique coin operating a three in one ecosystem. It functions as a decentralised platform, an exchange for tokens, and a digital asset. It is designed to increase industry flexibility and encourage widespread adoption of digital coins. It allows the creation and deployment of smart contracts. The platform makes it simple for users to create tokens, even without programming knowledge. This feature will make the project more attractive to a wider range of users who will be able to give it more value. It is a viable coin to watch and invest in in coming 2022.

THORChain

Another top ten DeFi is the THORChain. This protocol is built using the Cosmos SDK, and powered by Tendermint consensus mechanism. It ensures that all transactions can be traced. This is a popular feature that has attracted a lot of investors and users. THORChain can also be fungible. This means that its owners can manage their currency independently of any third parties and without incurring additional costs. This token’s trading data indicates that it has a high trading volume and a large market cap of more than $1.8 billion. With its popularity and quick adoption, THORChain is bound to grow in 2022, making it a good coin to invest in.

Kadena

Kadena is not a very popular coin, but it is making waves in the cryptocurrency industry. In the last 10 months, this coin has grown by an impressive 11256%. In about three months, the coin has recorded some big leaps rising from $2 to $27. Like most smart contract platforms, Kadena focuses on speedier transactions at a lower price. It can currently handle about 480,000 transactions per second as compared to Ethereum’s 20. This feature attracts new users to the platform, driving its price up. If it continues to grow, you should invest in it.

Curve

Curve is an interesting coin in the DeFi sector. Curve Finance is the largest decentralised Ethereum exchange. Curve, Curve DAO or Curve is the governance token for Curve Finance. There are two main uses for the platform: swapping cryptocurrencies and stake. It has low fees and the lowest price differences between stablecoins. Curve token’s value is increasing as it attracts more users.

Oasis Network

The Oasis Network project is working to climb the ranks in the DeFi space. The platform is a layer-1 privacy blockchain that makes use of a proof-of-stake consensus mechanism. The Oasis network allows users to enjoy privacy, unlike Ethereum where transactions can be seen by anyone. The Oasis Network’s technology design is impressive, as it is a combination of Polkadot Ethereum. Investors are also considering its transaction speeds of more than 1000 transactions per second. As it attracts more users, the token will grow in value making it a worthwhile investment.

Polkadot

Polkadot is an interesting project. It’s a platform that allows independent Blockchains to exchange information and transactions using the Polkadot Relay Chain. This allows for faster transactions and is much more scalable than Ethereum. This makes it a popular coin and an excellent investment choice.