12 Best DeFi Coins to Buy in 2022

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Dis­claimer: The Indus­try Talk sec­tion fea­tures insights by cryp­to indus­try play­ers and is not a part of the edi­to­r­i­al con­tent of Cryptonews.com.

Over the past cou­ple of years, the decen­tral­ized finance (DeFi) sec­tor has absolute­ly explod­ed, leav­ing many ear­li­er investors very hap­py. While find­ing the best DeFi cryp­tos can be a dif­fi­cult task, it does­n’t have to be.

Through­out this guide, we’ll be review­ing 12 of the best DeFi coins to buy, explain­ing whether or not DeFi cryp­tocur­ren­cies make for good invest­ments, and tak­ing an in-depth look at per­haps the top exchange to buy the best DeFi coins in 2022. Let’s get started.

12 Best DeFi Coins to Invest in 2022

We’ve includ­ed a brief sum­ma­ry of the best DeFi cryp­tos to invest in right now, with more detailed reviews of each project locat­ed slight­ly fur­ther down the page. 

  • Tamadoge - Over­all Best DeFi Coin to Invest in
  • Bat­tle Infin­i­ty — Pow­er­ful DeFi Ecosys­tem with P2E Elements
  • Chain­link - Lead­ing Provider of Ora­cle Solutions
  • XRP - Project Aim­ing to Decen­tral­ize Cur­ren­cy Conversion
  • Tezos - Eas­i­ly Upgrad­able Ethereum Competitor 
  • Avalanche - Low-Cost Layer‑1 Blockchain 
  • Mak­er - DAO Behind Lead­ing Stablecoin
  • Loopring - Advanced Ethereum Layer‑2 Scal­ing Solution
  • Uniswap - Decen­tral­ized Exchange and DeFi Platform
  • Com­pound - Pop­u­lar Lend­ing and Bor­row­ing Platform 
  • Ter­ra Clas­sic — Lega­cy DeFi Project Pump­ing Significantly 
  • Pan­cakeSwap - Well-Known DeFi Exchange and Stak­ing Pool Provider

Analyzing the Best DeFi Tokens & Projects 

We’ve includ­ed a broad range of the best DeFi invest­ments in order to pro­vide bud­ding investors with ample choice. Each of the projects we’re tak­ing a look at shows plen­ty of promise and boast strong fun­da­men­tals to sup­port their inclu­sion on our list. 

1. Tamadoge — Overall Best DeFi Coin to Invest in

Tamadoge (TAMA) is a new meme coin tak­ing aspects from play-to-earn (P2E) gam­ing in order to cre­ate a unique and engag­ing expe­ri­ence like no other.

tama splash

The project has recent­ly sold out its pre­sale far ahead of sched­ule, rais­ing a stag­ger­ing $19 mil­lion. With an already con­firmed LBank list­ing and anoth­er tier‑1 exchange expect­ed to be announced on Sep­tem­ber 23rd, it’s one of the best alt­coins on the mar­ket and per­haps the best DeFi cryp­to to buy right now. 

The project cen­ters around a Meta­verse world in which play­ers can col­lect, train, and bat­tle NFT-based Tamadoge pets. Users can upgrade a pet using items from the in-game store, in doing so, they can earn Doge­points, boost­ing their leader­board rank­ing, and pro­vid­ing them with a larg­er share of the month­ly rewards pool. 

tama tier-1 exchange listing

With Tamadoge already mak­ing waves in the indus­try and the price of TAMA set to explode once the 5% burn mech­a­nism on rev­enue gen­er­at­ed from the in-game store kicks in, there’s no telling how much TAMA could soar.

Check out the project today and join the Tamadoge Telegram group to stay updat­ed with any new devel­op­ments or list­ing announcements. 

Buy Tamadoge on OKX

2. Battle Infinity — Powerful DeFi Ecosystem with P2E Elements

Bat­tle Infin­i­ty (IBAT) com­pris­es a diverse DeFi ecosys­tem that boasts a myr­i­ad of excit­ing fea­tures designed to ben­e­fit  cryp­to enthu­si­asts of all shapes and sizes. 

battle infinity splash

Sim­i­lar to Tamadoge, Bat­tle Infin­i­ty made a big splash when it entered the cryp­to mar­ket. Going from sell­ing out its pre­sale 65-days ahead of sched­ule to offer­ing ear­ly investors 4x returns fol­low­ing its Pan­cakeSwap list­ing, the IBAT token has gone from strength to strength and shows no signs of slow­ing down.

The IBAT ecosys­tem con­sists of a decen­tral­ized exchange (DEX), a stak­ing plat­form (set to launch Sep­tem­ber 24th), a fan­ta­sy sports league, an NFT mar­ket­place, a col­lec­tion of tok­enized P2E games, and even a Meta­verse are­na in which play­ers can adver­tise and inter­act with each other.

ibat chart 22.09

With such a diverse fea­ture set, Bat­tle Infin­i­ty seems primed to explode as the core func­tion­al­i­ty of the plat­form begins to roll out. With that in mind, it could be worth grab­bing some of the best DeFi tokens before prices are forced high­er due to increased demand. Join the Bat­tle Infin­i­ty Telegram to stay updat­ed with any new developments

Vis­it Bat­tle Infin­i­ty

3. Chainlink — Leading Provider of Oracle Solutions

Chain­link (LINK) is a DeFi cryp­tocur­ren­cy ded­i­cat­ed to bring­ing off-chain data sources onto the blockchain to be used by oth­er web3 projects, mas­sive­ly expand­ing the use cas­es of new cryp­to projects.

link chart 22.09

With Chain­link being one of the first projects to offer such a ser­vice, it has been picked up by key play­ers and become the go-to plat­form for a num­ber of the best DeFi cryp­to projects includ­ing Aave, Hed­era, and Compound. 

As Chain­link’s ser­vices are in such high demand, it’s of lit­tle sur­prise that LINK has remained one of the strongest assets on the mar­ket, even dur­ing the recent cryp­to downturn. 

With many investors tout­ing LINK as one of the best long-term cryp­to projects avail­able, and the asset show­ing huge amounts of strength when­ev­er the mar­ket enjoys a slight run-up, we’ll be watch­ing close­ly to see how it per­forms once the next bull run begins.

Buy LINK on eToro

4. XRP — Project Aiming to Decentralize Currency Conversion

XRP has been a favorite asset of cryp­to investors since its release as a fast set­tle­ment, low-fee, sus­tain­able cryp­tocur­ren­cy alter­na­tive to Bit­coin. The asset has cre­at­ed by David Schwartz and Jeb McCaleb who then went on to launch Rip­ple Labs in order to cre­ate use cas­es for XRP.

xrp chart 22.09

As we touched on, the pri­ma­ry attrac­tion to XRP is its extreme effi­cien­cy. Trans­ac­tions can be set­tled in just sec­onds and cost only a frac­tion of a cent, mak­ing it one of the fastest and cheap­est net­works on the mar­ket. Fur­ther­more, the recent release of the XRP Ledger (XRPL) in 2021 has expand­ed the pro­jec­t’s use case by allow­ing oth­er projects to be cre­at­ed on the network. 

The pri­ma­ry use of XRP is as a trans­ac­tion­al cryp­tocur­ren­cy. It has already part­nered with lead­ing inter­na­tion­al cur­ren­cy trans­fer ser­vices like Swift and Mon­ey­Gram, lead­ing many investors to con­sid­er the asset as one of the 10 best pen­ny cryp­to projects cur­rent­ly available. 

Buy XRP on eToro

5. Tezos — Easily Upgradable Ethereum Competitor 

Tezos (XTC) is a DeFi DeFi coin that is akin to a more effi­cient, eas­i­ly upgrad­able Ethereum. The project was con­cep­tu­al­ized in 2014 but it was­n’t until far lat­er in 2018 that the Tezos main­net was offi­cial­ly released. 

xtz chart 22.09

The project allows devel­op­ers to build appli­ca­tions using the Tezos net­work through smart con­tracts. The project is con­sis­tent­ly regard­ed as being a great alter­na­tive to Ethereum as the Tezos net­work can be eas­i­ly upgrad­ed with zero down­time, mean­ing the team can always ensure that the net­work boasts the lat­est technology. 

With the recent Ethereum merge, the need for on-the-fly upgrad­able blockchains has become more appar­ent than ever before. With Tezos offer­ing this func­tion­al­i­ty in an incred­i­bly effi­cient pack­age, many cryp­to fanat­ics regard it as being one of the best cryp­tos to buy in 2022. 

Buy Tezos on eToro

6. Avalanche — Low-Cost Layer‑1 Blockchain 

Sim­i­lar to Tezos, Avalanche (AVAX) is a new cryp­tocur­ren­cy and a high­ly-effi­cient layer‑1 blockchain. The project explod­ed in 2021 at the height of the ‘Ethereum killer’ nar­ra­tive, pro­mot­ing a huge amount of P2E games and web3 projects to make the switch to the Avalanche network. 

avax chart 22.09

While the hype sur­round­ing the project has sub­sided over recent months, its tech­nol­o­gy remains pow­er­ful. One of the main rea­sons why Avalanche was able to pick up trac­tion so quick­ly was its mas­sive­ly impres­sive throughput. 

Rather than treat­ing every kind of trans­ac­tion as one, Avalanche set­tles trans­ac­tions on three dif­fer­ent chains. The C‑Chain is used to set­tle trans­ac­tions that orig­i­nate from the best DeFi coins and web3 projects, X‑Chain is used for send­ing and receiv­ing AVA, and P‑Chain is for net­work validators. 

While AVAX has fall­en a long way from its 2021 highs, the DeFi DeFi coin seems to have found a bot­tom at around $20. While investor con­fi­dence has like­ly been shak­en a bit fol­low­ing its dra­mat­ic fall, once the next bull run kicks off we could see impres­sive returns from AVAX. 

Buy AVAX on eToro

7. Maker — DAO Behind Leading Stablecoin

Mak­er (MKR) is a gov­er­nance token that investors can use to make deci­sions in the Mak­er decen­tral­ized autonomous orga­ni­za­tion (DAO), that con­trols the pop­u­lar sta­ble­coin DAI. With the DAI sta­ble­coin rapid­ly gain­ing mar­ket share falling the fall of algo­rith­mic dol­lar-pegged sta­ble­coin UST, MKR could be the best DeFi cryp­to to buy this year.

mkr chart 22.09

As, by design, sta­ble­coins don’t have any room for growth (unless some­thing goes seri­ous­ly awry), the MKR token is used to pro­vide val­ue to investors and fans of the project. As any­one hold­ing MKR can vote on the devel­op­ment of DAI, and the price of MKR is linked to DAI’s suc­cess, this sys­tem should, in the­o­ry, ensure that only the best deci­sions are made regard­ing the future of the stablecoin.

Out of all the best DeFi projects to invest in, Mak­er fits per­fect­ly in the indus­try. With the need for a trusty sta­ble­coin more appar­ent than ever, we could see big things from this DeFi cryp­tocur­ren­cy in the com­ing months. 

Buy MKR on eToro

8. Loopring — Advanced Ethereum Layer‑2 Scaling Solution

While there was a large demand for Ethereum alter­na­tives, the focus has now shift­ed to Layer‑2 scal­ing solu­tions like Loopring (LRC). These projects uti­lize the Ethereum net­work but com­mon­ly set­tle trans­ac­tions in a dif­fer­ent way. This means that Layer‑2 solu­tions ben­e­fit from Ethereum’s secu­ri­ty but aren’t held back but its lack­lus­ter throughput. 

lrc chart 22.09

In order to achieve high­er through­put than its par­ent net­work, Loopring bun­dles mul­ti­ple trans­ac­tions togeth­er off-chain, before set­tling them togeth­er on-chain at a lat­er date. This allows the project to val­i­date trans­ac­tions far more effi­cient­ly than Ethereum, reduc­ing fees and net­work congestion. 

With its part­ner­ship with GameStop, Loopring has been brought into the lime­light. While it’s yet to enjoy a mean­ing­ful move to the upside, there’s plen­ty of hype sur­round­ing the project mean­ing it could end up being one of the best DeFi projects to invest in ahead of the mar­ket’s recovery. 

Buy LRC on eToro

9. Uniswap — Decentralized Exchange and DeFi Platform

Cre­at­ed by for­mer Ethereum devel­op­er Hay­den Adams, Uniswap (UNI) is packed with pedi­gree. It is a decen­tral­ized exchange (DEX) that hosts some of the best DeFi projects to invest in right now. Dur­ing the DeFi explo­sion, the plat­form enjoyed wide­spread noto­ri­ety and quick­ly become one of the most used DEXs on the planet. 

uni chart 22.09

UNI was cre­at­ed as a gov­er­nance token, allow­ing fans of the project to help forge its future. With Uniswap (along­side Pan­cakeSwap) remain­ing one of the largest decen­tral­ized trad­ing pro­to­cols on the mar­ket, clear­ly, this mod­el worked. 

Although Uniswap can no longer be con­sid­ered a low-cap cryp­to with its mul­ti-bil­lion dol­lar mar­ket cap, the project remains a favorite of DeFi-cen­tric investors world­wide. While the small­er DeFi projects that live on Uniswap have been hit hard by a down­trend, it’s like­ly that Uniswap will enjoy huge amounts of vol­ume after these projects begin to draw atten­tion once again. 

Buy UNI on eToro

10. Compound — Popular Lending and Borrowing Platform

Com­pound (COMP) is a pop­u­lar lend­ing plat­form and one of the best DeFi cryp­to projects to invest in today. The COMP token is used for gov­er­nance, allow­ing hold­ers to vote on deci­sions that affect the platform. 

comp chart 22.09

Com­pound runs a host of dif­fer­ent pools, allow­ing investors to earn inter­est on their cryp­to hold­ings with ease. The plat­form allows users to secure­ly use their cryp­tocur­ren­cy as col­lat­er­al in order to receive a fiat loan, help­ing to pre­vent com­pli­ca­tions with cap­i­tal gains. Addi­tion­al­ly, users can earn inter­est on their assets by lend­ing them to oth­ers while the Com­pound plat­form ensures safety. 

With Com­pound being one of the most pop­u­lar plat­forms for the lend­ing and bor­row­ing of cryp­to assets, and the sec­tor rapid­ly ris­ing in pop­u­lar­i­ty, it’s entire­ly pos­si­ble that COMP could be one of the best DeFi cryp­tos to watch this year. 

Buy COMP on eToro

11. Terra Classic — Legacy DeFi Project Pumping Significantly 

Born from the col­lapse of the Ter­ra Luna, Ter­ra Clas­sic (LUNC) was cre­at­ed fol­low­ing the release of the new LUNA token. While the project was orig­i­nal­ly cre­at­ed as a lend­ing and yield farm­ing plat­form, sim­i­lar to Com­pound, the col­lapse of Ter­ra’s UST sta­ble­coin left the orig­i­nal token near-worthless. 

lunc chart 22.09

While the LUNC token was birthed from harsh times and more deci­sions, it has since grown rapid­ly in pop­u­lar­i­ty. Since LUNC was released, it has sur­pris­ing­ly been per­form­ing rather well. Over the past month, the token has appre­ci­at­ed by an impres­sive 183% and since its June release has climbed by a stag­ger­ing 376%, mak­ing it one of the best-per­form­ing assets in recent months. 

While the pro­jec­t’s mer­it as a secure plat­form to store tokens and earn a yield has been dec­i­mat­ed, it remains valid as one of the best DeFi invest­ments on the mar­ket right now.

Buy LUNC on eToro 

12. PancakeSwap — Well-Known DeFi Exchange and Staking Pool Provider

Pan­cakeSwap (CAKE) oper­ates in a sim­i­lar fash­ion to Uniswap. It uses an auto­mat­ed mar­ket mak­er algo­rithm to pro­vide a way for investors to buy the best DeFi cryp­tos in a decen­tral­ized man­ner. It’s one of the best-known DEXs on the mar­ket and many cryp­to spec­u­la­tors antic­i­pate that it could explode once investors pile back into the DeFi space. 

cake chart 22.09

While the main rea­son for Pan­cakeSwap’s pop­u­lar­i­ty is its numer­ous ben­e­fits as a DEX, it also pro­vides a way for investors to earn inter­est on their assets by pro­vid­ing liq­uid­i­ty. Users are able to lock their assets in a pool in exchange for LP tokens which can then be used to farm CAKE or exchanged for the locked tokens and a por­tion of the trad­ing fees gen­er­at­ed from the user’s liquidity. 

Pan­cakeSwap has been regard­ed as one of the best DeFi coins for years and that’s unlike­ly to change in the future. The plat­form works well and has thus far with­stood the test time cement­ing its place amongst the top DeFi cryptocurrencies. 

What are DeFi Coins?

DeFi is short for decen­tral­ized finance. This refers to any sort of finan­cial appli­ca­tion that does away with a cen­tral author­i­ty and instead allows users to act for them­selves. For exam­ple, on the Pan­cakeSwap plat­form users pro­vide liq­uid­i­ty in order to earn inter­est, with the plat­form then using an algo­rithm to match a buy­er and liq­uid­i­ty provider. 

With cryp­tocur­ren­cy hav­ing a heavy focus on both finance and decen­tral­iza­tion, there are a huge num­ber of projects that could be con­sid­ered DeFi coins. We’ve already dis­cussed 12 of the best DeFi cryp­to projects to watch but a few oth­er notable exam­ples include Aave, The Graph, and Fantom.

To sum­ma­rize, any cryp­tocur­ren­cy that has a focus on finance or decen­tral­iza­tion can be con­sid­ered a DeFi coin. As decen­tral­iza­tion requires that there is no cen­tral body con­trol­ling an appli­ca­tion, it’s com­mon for DeFi coins to be large­ly autonomous, hence the inclu­sion of a large num­ber of DAO-based projects on our list. 

Are DeFi Coins a Good Investment?

With decen­tral­ized finance grow­ing in pop­u­lar­i­ty mas­sive­ly over the past cou­ple of years, the best DeFi cryp­tos can make for sol­id invest­ments. How­ev­er, as with any sec­tor, there will be projects that fail to per­form as expected. 

Multitude of Use Cases

As we briefly touched on, DeFi coins can com­prise a huge vari­ety of sec­tors and use cas­es. With such diver­si­ty, the future of DeFi holds near-end­less pos­si­bil­i­ties. With what’s pos­si­ble in cryp­tocur­ren­cy con­stant­ly chang­ing, DeFi projects are set to evolve as blockchain tech­nol­o­gy improves, mak­ing the best DeFi invest­ments great for get­ting expo­sure to a future-first market.

Future of Finance

Decen­tral­ized finance has already dis­rupt­ed the tra­di­tion­al finance sec­tor in a big way and with cryp­tocur­ren­cy adop­tion steadi­ly ris­ing, this is unlike­ly to change in the fore­see­able future. While it’s impos­si­ble to know for sure how things will progress as the DeFi mar­ket matures,  few sec­tors can com­pete with DeFi when it comes to future potential. 

Adheres to the Crypto Ethos

At the core of the cryp­tocur­ren­cy ethos is decen­tral­iza­tion, the belief that no one indi­vid­ual or orga­ni­za­tion should have total con­trol. With this con­cept being impor­tant to many die-hard cryp­to investors, projects that respect this, tend to gen­er­ate more buzz from key play­ers in the industry. 

Early Mover Advantage

While finance in the tra­di­tion­al sense has been around for cen­turies, the DeFi rev­o­lu­tion is only just start­ing. The cryp­tocur­ren­cy mar­ket as a whole has exist­ed for just over 10 years and DeFi far few­er. As such, the sec­tor has sel­dom had time to mature. With this in mind, invest­ing in DeFi can pro­vide users ear­ly access to what could even­tu­al­ly become the new finan­cial system. 

Where to Buy DeFi Coins

In order to assist investors look­ing to pur­chase DeFi coins, we’ve reviewed one of the top reg­u­lat­ed plat­forms on which they can be acquired. 

eToro — Best Platform to Buy DeFi Coins

eToro was launched back in 2007 and has since grown in pop­u­lar­i­ty mas­sive­ly, serv­ing mil­lions of users all around the globe. Being one of the world’s lead­ing bro­kers, eToro sup­ports a pletho­ra of DeFi coins as well as oth­er cryp­tocur­ren­cies and even stocks. 

etoro crypto splash

eToro sup­ports over 50 of the most pop­u­lar cryp­to assets and allows users to buy and trade them with just a 1% com­mis­sion. As such, cryp­to investors are able to get far more val­ue for their mon­ey when com­pared with oth­er large exchanges which often charge any­where between 2–3% on purchases. 

In addi­tion to its low fees, the plat­for­m’s secu­ri­ty is also phe­nom­e­nal. eToro encrypts all sen­si­tive data before it leaves the user’s device, ensur­ing that it’s of no use to nefar­i­ous indi­vid­u­als attempt­ing to inter­cept traf­fic. Fur­ther­more, the plat­form uses cold stor­age for the vast major­i­ty of client funds. There­fore, even if eToro was com­pro­mised, clients would­n’t be left out of pocket. 

etoro crypto

For investors that are just get­ting start­ed and want to learn strat­e­gy or sim­ply get used to trad­ing, eToro has the per­fect tool. The bro­ker offers a social trad­ing plat­form that allows users to auto­mat­i­cal­ly mir­ror the trades of oth­er users. Those wish­ing to copy trade can view the per­for­mance of the users they’re able to copy, help­ing to ensure transparency. 

For investors look­ing to buy the best DeFi project, eToro is a great choice. It’s an extreme­ly capa­ble exchange that offers a pletho­ra of the best DeFi coins as well as plen­ty of oth­er finan­cial instruments. 

Reg­is­ter with eToro

Cryp­toas­sets are high­ly volatile and unreg­u­lat­ed. No con­sumer pro­tec­tion. Tax on prof­its may apply.

Conclusion

Decen­tral­ized finance is one of the hottest sec­tors in cryp­tocur­ren­cy right now. Through­out this arti­cle, we’ve tak­en a look at 12 of the best DeFi cryp­tos cur­rent­ly avail­able, dis­cussed the mer­it of DeFi as an invest­ment, and reviewed the top DeFi exchange. How­ev­er, while cre­at­ing this guide we noticed that a par­tic­u­lar project offered mas­sive room for growth. 

Tamadoge has already proven to be huge­ly pop­u­lar with investors and as the TAMA token is soon to be list­ed on numer­ous tier‑1 exchanges, it could be the best DeFi project on the mar­ket right now. Check out Tamadoge today to learn more.

 

Buy Tamadoge on OKX

FAQs

What cryp­to coins are DeFi?

DeFi sim­ply means decen­tral­ized finance. As such a huge num­ber of cryp­to coins fall under the cat­e­go­ry. How­ev­er, a few notable exam­ples include Tamadoge and Bat­tle Infinity. 

What is the best DeFi Coin to invest in?

Each of the projects we’ve reviewed has plen­ty of room for upwards growth. With that said, how­ev­er, Tamadoge has just con­clud­ed its pre­sale, and with exchange list­ings and excit­ing fea­tures expect­ed to roll out over the com­ing weeks, it takes the crown as the best DeFi crypto. 

Are DeFi Coins worth it?

While it’s impor­tant to under­stand that every project is dif­fer­ent, the best DeFi coins have his­tor­i­cal­ly yield­ed excel­lent results for ear­ly investors. So, while it’s cru­cial to per­form ample due dili­gence, DeFi coins can make for sol­id investments. 

What are the best DeFi projects?

The best DeFi project will vary great­ly based on a par­tic­u­lar investor’s goals. Most DeFi projects spe­cial­ize in dif­fer­ent areas so it’s impor­tant to con­sid­er what one is look­ing for pri­or to invest­ing. How­ev­er, both Tamadoge and Bat­tle Infin­i­ty seem primed to explode as fea­tures roll out. 
 

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