10 Best DeFi Coins Today

Best DeFi coins to buy min

Demand for DeFi coins has risen significantly in 2022, with DeFi making groundbreaking improvements to its infrastructure over time. Some of the DeFi coins have shown excellent price moves in recent months, which could be a good option for investment and trading purposes.

Following is the list of the top 10 DeFi coins based on market price.

10 Top DeFi Coins By Market Price

1. Packaged Bitcoin (WBTC)

Wrapped Bitcoin is an ERC 20 token that represents Bitcoin on the Ethereum Blockchain. Being compatible with Ethereum, it can be fully integrated into Decentralized Finance Ecosystem – Ethereum wallets, dapps and smart contracts.

One WBTC is equal to One BTC. BTC can be converted to WBTC and vice versa. BTC holders can convert their BTC holdings into WBTC to take full advantage of the Ethereum ecosystem.

The current market price of WBTC is $28,858.02, with a 24-hour trading volume of $309,300,694 and a market cap of 7,923,022,099. There are currently 274,552 coins circulating with a total supply of 274,552 coins.

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2. renBTC (REN)

renBTC is also a tokenized form of BTC like WBTC. It is an ERC 20 token built on the ETH network and minted on the REN protocol. 1 renBTC is equal to 1 BTC. Users need to send their BTC to RenVM. RenVM is a virtual machine operating on the Ren protocol that removes blocks between different blockchains and facilitates interoperability.

Once the users send the BTC to RenVM, it secures the assets and stores an equal amount of renBTC on ETH and spends the same to the users. To exchange the BTC, a similar process must be followed and a small amount of gas must be paid.

The current price is $28,907.88 per coin. The 24-hour trading volume is $7,819,669 with a market cap of $190,791,289. The total circulating supply of the coin is 6,600 and the max supply is 13,698 coins.

Buy renBTC on Binance

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3. yearn.finance (YFI)

The Yearn Finance is a Blockchain-based decentralized protocol for financial services. It aims to provide a platform for investors to engage in financial services such as lending and borrowing and optimize their crypto earnings without going through centralized financial institutions or banks.

It acts as an aggregator or marketplace for finding various interest-bearing crypto products to help investors find the highest returns on their crypto holdings. The native governance token is YFI, which gives users voting rights to make changes to the protocol.

YFI is currently trading at a price of $7,579.61. The 24-hour trading volume is $55,432,885. It has a market cap of 277,699,795. The maximum supply of the coin is 26,666 of which 36,638 are in circulation.

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4. c.Vault.finance (CORE)

c.Vault.finance is a blockchain ecosystem that includes various monetization strategies to help crypto owners earn attractive rewards. Assets entering the c.Vault protocol are converted into CORE tokens. Rewards can be earned by staking, lending assets to others, trading options, or locking the cryptos in a liquidity pool.

CORE, the protocol’s governance token, gives holders the right to vote to make changes to the protocol, introduce new liquidity pools, or eliminate existing pools.

The bottom price of CORE as of today is $5,952.95. The coin’s 24-hour trading volume and market cap is $30,286 and $59,529,472 respectively. The number of coins currently in circulation is 10,000.

Buy CORE on Binance

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5. Maker (MKR)

Maker is the governance token that supports the MakerDAO and Maker Protocol. The former is a decentralized organization while the latter is a software platform. Both are based on the ETH blockchain and together aim to issue and operate the stable DAI coin.

MKR holders get a voting share in the organization that manages DAI to implement changes to the protocol. Today, DAI is one of the largest stable coins in the digital market. This is why the demand for MKR crypto is significantly high among crypto investors.

The current market price of MKR is $1,209.76 and the 24-hour trading volume is $120,104,451. It has a market cap of $1,183,552,130. The circulating supply is 977,631 and the max supply is limited to 1,005,577 coins.

Buy MKR on eToro

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6. Gnosis (GNO)

Gnosis dApp is an ETH-based decentralized forecasting market protocol. It provides developers with the necessary infrastructure to build prediction market applications in which users can predict the outcome of certain events and trade cryptocurrencies based on their predictions. Gnosis Tokens lose or gain value based on the event’s outcomes

The two primary tokens are GNO and OWL. GNO is the ERC 20 token that can be deployed within the Gnosis protocol to earn rewards in OWL.

GNO’s current market price is $188.13 and its 24-hour trading volume is $5735467. It has a market cap of $48,530,2093. There are currently 25,79,588 coins in a circulating supply and the max supply is limited to 10 Million.

Buy GNO on Binance

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7. Aave (Aave)

Aave is a decentralized financial protocol built on blockchain to facilitate the lending and borrowing of money in the form of crypto to earn attractive interest rates on cryptos without going through an intermediary. It funds the loans from the liquidity pool in which crypto holders stake their assets to earn interest in return.

The platform issues two primary tokens: aToken and AAVE. AAVE is the platform’s original token. Borrowers who borrow loans in the AAVE token do not have to pay any transaction fees. Also, those presenting AAVE as collateral to borrow money can borrow a higher amount at a reduced rate. AAVE owners can keep an eye on available loans before they are released to the public.

AAVE is currently trading at a market price of $94.52 on major exchanges. The 24-hour trading volume is $162,940,117 with a market cap of $1,301,803,295. The current mintage of AAVE is 13,868,541 coins and the supply max is set at 18 Million.

Buy AAVE on eToro

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8. Nexus Mutual (NXM)

Nexus Mutual is a decentralized insurance protocol built by ETH. Users can purchase insurance plans to insure their smart contracts in the event of contract failure and can also take advantage of exchange hack coverage. Asset holders can also contribute their assets to the pool and earn rewards in return. It is in high demand as it addresses the vulnerability of smart contracts and protects against huge losses.

NXM serves as both the utility token and the governance token of the platform. It can be used for purchasing insurance coverages and posting claims and risk assessment.

NXM has a bottom price of $57.8 and a 24-hour trading volume of $1411. The market cap of the coin is $376,915,397. There are currently 6,520,998 NXM coins in stock and the total stock is 6,796,909.

Buy NXM on Binance

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9. Connection (COMP)

Compound is a decentralized platform that enables the lending and borrowing of digital assets. Crypto holders can borrow their assets in their liquidity pool and earn interest in return. It uses the pool to lend money to people seeking loans.

The native token COMP can be used to lend cryptos to the lending pools. It also allows holders with voting rights to exercise the same for making changes to the protocol.

One can buy COMP at a price of $57.17 per coin. The market cap is $407,352,404 and the 24-hour trading volume is $65,156,071. There are currently 7,125,222 coins in circulation. The coin’s maximum supply is 10 million.

Buy Compound Cryptocurrency on eToro

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10. Enzyme (MLN)

Enzyme is a decentralized asset management platform built on the blockchain. Users can create and manage their own funds by putting them in custody. The platform helps users find a reliable vault based on their investment strategies. They can place their assets in the selected vault and manage them with utmost transparency.

MLN is the platform’s utility and governance token. It allows holders to participate in network management by proposing and voting changes to the platform’s protocol.

MLN has a bottom price of $26.77 and a 24-hour trading volume of $2,693,683. The market cap of the coin is $56,027,688. There are currently 2,093,289 MLN coins in stock and the total stock is 1,824,437.

Buy MLN on Binance

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Where can you find the best DeFi coins?

Our top recommendation for buying DeFi Coins is eToro. It is a regulated, secure and cost-effective social trading platform. Those new to the world of cryptos can easily follow in the footsteps of successful traders on the platform and use the portfolio copying feature to start trading DeFi coins.

It has also introduced its “smart” DeFiPortfolio on its platform to help investors have a diversified DeFi portfolio. The portfolio requires a minimum investment of $500.

Visit the eToro platform

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