Token Movers | DeFi | Week #49
DeFi tokens (decentralized finance tokens) have been disrupting the finance sector for some time. While many projects are still in a nascent stage, DeFi tokens have been causing excitement on the crypto markets which is reminiscent of the rushes of Bitcoin, Ethereum, and others back in 2017.
The core driver behind DeFi is to recreate financial services in a decentralized way, removing the need for a third party, like a bank. Alternatively, users put their trust in computer code, or more specifically, in smart contracts. This allows you to earn interest, get loans, trade assets and more, without relying on any third parties. Moreover, DeFi tokens provide users and token holders the same or similar services offered by traditional financial. They can be considered an evolutionary step in the crypto industry – similar to what Spotify or Apple Music did to traditional music distribution.
Knowing which ones to invest in can be a challenge. One good place to start is some background on the platforms and stats around their respective tokens. To take action, simply click the token that interests you.
N.B Percentage increases/decreases are accurate at the time of writing, data based on 7-day performce. To access real-time token information and log in to your portfolio click on each box.
DeFi: Who’s trending up?
DeFi: Who’s trending down?
Keep it locked on DappRadar to find out all the happenings in the world of blockchain and DeFi protocols. Additionally, keep an eye out for our weekly articles covering token price movements in the gaming and DeFi categories.
The above does not constitute investment advice. The information given here is purely for informational purposes only. Please exercise due diligence and do your research. The writer holds positions in ETH, BTC, ADA, MATIC, SAFEMOON, HEX, LINK, GRT, CRO, OMI, USDT, SOL, SHIBA INU, AVASTR, RAY, BOSON, AND OCEAN